American Banker

FEBRUARY 5, 2024

Republican legislators and the American Fintech Council expressed worries recently over how the FDIC has managed its innovation efforts, highlighting the significant changes to an office established to head those efforts.

FDIC 41

FDIC Innovation Fintech Groups 41

Abrigo

APRIL 12, 2016

The FDIC is offering a fresh take on how a bank’s board of directors should understand and manage risk. The regulator’s April edition of Supervisory Insights provides what the FDIC called a “refresher” on its Pocket Guide for Directors, the 1988 booklet outlining the basic duties and responsibilities of a bank’s board of directors.

Management 150

Management FDIC Risk Management Community Bank 150

BankInovation

JULY 30, 2021

In this episode of “The Buzz” […].

FDIC 98

FDIC Innovation Risk Management Management 98

Banking Exchange

NOVEMBER 22, 2021

OCC, Board, FDIC will require banks to report incidents within 36 hours Compliance Compliance Management Compliance/Regulatory Cyberfraud/ID Theft Security Mobile Online Core Systems Risk Management Technology Feature Feature3.

System 159

System FDIC Risk Management Compliance 159

PYMNTS

MAY 13, 2016

congressional subcommittee spent time yesterday (May 12) during a hearing where the FDIC was questioned about a string of data breaches, including two recent incidents that involved 10,000 sensitive and private data records to be downloaded from workers onto storage devices before they left the agency.

FDIC 100

FDIC Data Maine Policies 100

CFPB Monitor

JULY 21, 2021

Last week, the OCC, Federal Reserve Board, and FDIC issued proposed guidance for banking organizations on managing risks associated with third-party relationships, including those with financial technology-focused entities such as bank/fintech sponsorship arrangements. On August 6, 2021 from 12:00 p.m. to 1:00 p.m.

Risk Management 78

Risk Management Management FDIC Financial Technology 78

American Banker

JULY 20, 2020

The agency's request for information seeks comment on the idea of the FDIC partnering with a standards-setting organization to develop best practices for technology firms, among other things.

FDIC 78

FDIC Fintech Technology Community Bank 78

Banking Exchange

APRIL 12, 2021

OCC, Federal Reserve, CFPB, FDIC, and NCUA are seeking input from banks and other stakeholders Compliance Compliance Management Compliance/Regulatory Cyberfraud/ID Theft AML & Fraud BSA/AML Security Feature3 Feature Duties Technology.

FDIC 135

FDIC Regulation Compliance Fraud 135

Banking Exchange

MAY 19, 2021

Corporation is the latest regulator to respond to the rapidly growing fintech market Compliance Technology Feature3 Fintech Blockchain Feature Financial Trends Bitcoin Cryptocurrency Compliance Management Compliance/Regulatory.

Regulation 78

Regulation FDIC Compliance Bitcoin 78

Perficient

JANUARY 25, 2023

As the use of technology continues to increase, it should not get more difficult to use. While institutions want to increase their technology play, they are weary of overcomplicating operations. They want applications to be able to grow and progress alongside their growth and progression. User experience.

Banking Trends 474

Banking Trends Trends United States FDIC 474

CFPB Monitor

JULY 15, 2021

The Federal Reserve, FDIC, and OCC have released proposed guidance for banking organizations on managing risks associated with third-party relationships, including relationships with financial technology-focused entities such as bank/fintech sponsorship arrangements. Due diligence and third-party selection. Contract negotiation.

Risk Management 78

Risk Management Management FDIC Compliance 78

Perficient

APRIL 2, 2021

The five federal agencies are: the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (Fed), the National Credit Union Administration (NCUA) and the. Risk Management. AI may be used to augment risk management and control practices. Credit Decisions.

Regulation 309

Regulation Industry Risk Management Analysis 309

CFPB Monitor

DECEMBER 20, 2018

The FDIC has issued an Advance Notice of Proposed Rulemaking (ANPR) seeking comment on its regulatory approach to brokered deposits and interest rate restrictions. The FDIC’s current regulations on brokered deposits and interest rate restrictions are set forth at 12 C.F.R. Section 337.6.

FDIC 60

FDIC Regulation Capital Analysis 60

American Banker

NOVEMBER 29, 2023

The Port Angeles, Washington-based bank said it has already invested "significant resources" into enhancing its compliance management for fintech partnerships, after self-reporting a problem last year.

Examples 87

Examples FDIC Washington Compliance 87

Abrigo

JULY 22, 2022

Takeaway 2 While these financial products are appealing, the lack of stability and consumer protections surrounding them are a concern for the FDIC. ? . Takeaway 3 Financial institutions should notify the FDIC of crypto-related activity and be familiar with the risks of the cryptocurrency world. . Crypto turbulence. What's next.

cryptocurrency 195

cryptocurrency FDIC Regulation Fraud 195

Abrigo

JANUARY 29, 2020

Key Takeaways The FDIC issued an advisory to FIs encouraging safe and sound lending practices in today's ag lending environment. Technology has been a key resource for both ag borrowers and ag lenders seeking efficiency, growth, and profitability. Leverage technology to mitigate risk and gain efficiency. Learn More.

Lending 195

Lending How To FDIC Survey 195

PYMNTS

DECEMBER 16, 2020

FIS, the bank software and payment technology firm, unveiled a collaboration with Quontic Bank on the Bitcoin Rewards Checking Account. The rollout makes Quontic “the first FDIC insured financial institution in the U.S. The rollout makes Quontic “the first FDIC insured financial institution in the U.S. Aeldra’s U.S.

Bitcoin 157

Bitcoin FDIC Cards California 157

PYMNTS

JUNE 29, 2020

FDIC) is looking to modernize bank reporting. FDIC Looks To Modernize Bank Reporting. A Merchant’s How-To For Managing The Contactless Payments Surge And SCA Requirements. Plus, the Federal Deposit Insurance Corp. Wirecard Forces ‘Radical’ Reboot Of German Accounting Regs. The Federal Deposit Insurance Corp.

FDIC 142

FDIC Cards Payments Regulation 142

CFPB Monitor

MAY 22, 2020

The Federal Reserve, OCC, FDIC, and NCUA have issued “ Interagency Lending Principles for Offering Responsible Small-Dollar Loans.” It also approves the use of “effectively-managed third party relationships” to implement small-dollar loan programs. Effective management of credit, operational, compliance, and other risks.

FDIC 78

FDIC Policies Lending Guidelines 78

PYMNTS

MAY 15, 2019

In other news, Samsung is planning to launch its blockchain technology onto its budget smartphone. “We FDIC) — the FDIC-insured accounts will be linked to a crypto prime dealer. These are quite different from speculative assets like bitcoins, and more promising.”. And SFOX is partnering with New York-based M.Y.

Samsung 191

Samsung blockchain Bitcoin FDIC 191

Abrigo

MARCH 3, 2022

By leveraging their strengths in relationship lending and their access to technology in order to grow the small business loan portfolio profitably. CFIs are poised to regain the small business lending market Community Financial Institutions can leverage technology to improve customer experience and regain the small business lending market.

Lending 195

Lending Community Marketing Community Bank 195

PYMNTS

JANUARY 31, 2019

is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C. MOXY Bank, for example, aims to introduce corporate treasury management services, as well as offerings for small business (SMB) owners. have emerged to do.

Community Bank 122

Community Bank Community FDIC Marketing 122

PYMNTS

AUGUST 3, 2020

Consumers get to keep their existing banking relationship, but receive real-time, value-added financial management services based on spending patterns and goals. Many of our student customers today are struggling to manage their money as they work part-time and attend school,” she said. students to access the Google Pay app.

Google 239

Google Digital Banking Pennsylvania FDIC 239

Jeff For Banks

OCTOBER 4, 2014

Now the amount of money in US registered investment companies exceeds that in FDIC insured banks. The cash management specialist wanted to advance the product set so corporate customers could use their own interface with the banking core system instead of using the bank''s online banking tool. Was Vanguard a disruptor?

Technology 104

Technology Cyber Security FDIC Strategy 104

PYMNTS

AUGUST 28, 2019

The banking platform is designed for mobile devices and API connectivity, with NorthOne noting that development partner Treasury Prime designed that API technology to streamline account opening and management.

Mobile 144

Mobile FDIC Tools Taxes 144

South State Correspondent

JULY 30, 2023

Bank ROE Historical Performance Total assets for all FDIC-insured institutions was $23.7T Product and technology changes. New and changing products and technologies create more risk, especially for smaller institutions that cannot adopt or scale for these changes. as of Q1/23. Community banks (assets under $10B) composed 14.3%

Community Bank 195

Community Bank Community Capital Policies 195

CFPB Monitor

AUGUST 31, 2021

The OCC, FDIC, and Federal Reserve Board have issued a guide that is intended to assist community banks in conducting due diligence when considering relationships with financial technology (fintech) companies (Guide). Risk management policies, processes, and controls. Legal and regulatory compliance.

Community Bank 78

Community Bank Community Fintech Company 78

PYMNTS

NOVEMBER 9, 2020

percent in 2019, its lowest rate in a decade since the FDIC first began tracking this statistic in 2009. Another FDIC report found that 31 percent of American consumers are now using peer-to-peer (P2P) mobile wallet apps, for example. This represents a noted reversal from trends of the past decade.

Tools 203

Tools Mobile FDIC Examples 203

PYMNTS

JUNE 25, 2019

Furthermore, Cross River will integrate the digital bank’s technology into its own offerings with small business clients over the next several months. Seed members will be migrated to Cross River as the community bank expands with new offices in California and Oregon. reports said.

Community Bank 116

Community Bank Community Digital Banking FDIC 116

PYMNTS

OCTOBER 4, 2019

When we built Credit Karma Savings, we wanted to develop a product that made opening a savings account as easy as possible for our members,” said Jagjit Chawla, general manager of savings and tax for Credit Karma, in a release. We spent the first 12 years focusing on helping Americans manage their debt.

West Virginia 132

West Virginia Virginia FDIC Taxes 132

Abrigo

JULY 10, 2023

Get more tips for managing the AML program from this webinar: "Conquering BSA challenges: Best practices for managing a successful AML program" DOWNLOAD Takeaway 1 AI can enhance our efficiency, but financial institutions must be on guard against AI fraud. Here are several suggestions for tightening security.

Fraud 150

Fraud How To social media Security 150

Cisco

JULY 12, 2022

As a key provider of technology for mission-critical financial system infrastructures across the globe, Cisco is held to the highest levels of scrutiny in the financial services regulatory audit chain. A key challenge is managing iterations of infrastructure in global financial enterprises which have spanned 50+ years of digitization.

Regulation 71

Regulation FDIC System Software 71

CFPB Monitor

SEPTEMBER 14, 2021

It follows the publication at the end of last month of a guide by the Fed, OCC, and FDIC that is intended to assist community banks in conducting due diligence when considering relationships with fintechs. account opening) and the bank continues to interact directly with its customers.

Fintech 78

Fintech Community Bank Community FDIC 78

Abrigo

AUGUST 6, 2021

according to FFIEC and FDIC data. Technology is an obstacle and an opportunity. One key area that can be both an obstacle and an opportunity for community banks is technology, the Federal Reserve Bank of Kansas City says. Additionally, technology isn’t just reserved for the biggest banks anymore. Digitalization.

Community Bank 195

Community Bank Community Kansas City Lending 195

PYMNTS

SEPTEMBER 21, 2020

Much of those revamped efforts come, perhaps not surprisingly, through advanced technologies. It's the combination of these technologies that becomes powerful.". Joint PYMNTS/Brighterion research found that 63.6 percent of FIs believe AI is an effective tool for stopping fraud before it happens.

Fraud 347

Fraud Report System FDIC 347

Independent Banker

JULY 31, 2022

What also sets Locality Bank apart from existing financial institutions in its market is that its board and management have a “first principles mindset, one where we set out to create the bank from the start to serve the needs of the local business community,” says Keith Costello, president, CEO and one of Locality Bank’s cofounders.

Florida 91

Florida Community Bank Community FDIC 91

Gonzobanker

FEBRUARY 1, 2024

The FDIC Approved This Ad How many times did we hear a speaker admonish the audience to “be sure and sign up for the FDIC notification list.” As disruptive innovation finds a home in banking, the industry anticipates a surge in technology’s ability to drive tangible business outcomes. Five Hundred? (Oh

Conference 88

Conference FDIC Arizona Industry 88