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

PYMNTS

MAY 28, 2020

Welcome Technologies , which works to aid immigrants as they integrate into life in a new country, is partnering with Green Dot for the PODERCard, which will help U.S. Hispanic immigrants have access to actual banking services, the release states, citing an FDIC survey. Less than half of U.S.

Mobile 248

Mobile US FDIC Survey 248

Abrigo

JULY 10, 2023

Here are several suggestions for tightening security. Takeaway 2 Improving security questions is a good step to take to avoid text-to-speech AI fraud schemes. An example of a rising AI fraud scheme is using voice-to-text technology, such as Microsoft’s new Vall-E Text-to-Speech System.

Fraud 150

Fraud How To social media Security 150

American Banker

JANUARY 2, 2024

Brighton Bank entered a consent agreement with the regulator regarding violations of anti-money laundering laws.

Tennessee 81

Tennessee FDIC Regulation Cyber Security 81

PYMNTS

JUNE 9, 2020

percent APY, an optional auto-deposit, no fees or minimums, and security as “Affirm Savings is FDIC-insured and accounts are held by our bank partner, Cross River Bank, member FDIC,” per the announcement. The firm uses proprietary technology that looks beyond a credit score when analyzing a customer.

FDIC 151

FDIC Millennials Google Payments 151

PYMNTS

APRIL 24, 2020

bank technology firm securing $100 million to expand in the region. Plus, an accounts payable technology company announced a $127 million equity round. The investment is part of KarbonCard’s seed round, which secured another $1 million last month. As an FDIC insured bank in the U.S., KarbonCard. AvidXchange.

Fintech 193

Fintech Capital Security FDIC 193

FICO

APRIL 7, 2022

Be fascinated by your customers, not your technology. This blog discusses another crucial aspect of financial services, which is secure digital banking and the fundamental duty of banks to make customers feel that their assets are safe. Customers expect financial institutions to provide an ample amount of security and protection.

Digital Banking 52

Digital Banking Security Fraud America 52

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

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. Office of the Comptroller of the Currency (OCC). Personalization of Customer Services. Credit Decisions.

Regulation 309

Regulation Industry Risk Management Analysis 309

CFPB Monitor

NOVEMBER 12, 2020

Banking and Securities Regulators (includes FDIC, Federal Reserve, NCUA). Gary Gensler , who is with the Massachusetts Institute of Technology, will serve as team leader. English initiated unsuccessful litigation seeking a declaration that she, rather than Mr. Mulvaney, had the right to serve as Acting Director.

FDIC 97

FDIC Massachusetts New York Policies 97

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

Jeff For Banks

OCTOBER 4, 2014

Now the amount of money in US registered investment companies exceeds that in FDIC insured banks. Aside from the cyber security of it, let''s think of the implications from a corporate accounting system that wants to interact directly with the bank''s core. Was Vanguard a disruptor? They remain trusted by customers.

Technology 105

Technology Cyber Security FDIC Strategy 105

PYMNTS

AUGUST 3, 2020

Google’s expertise in building great user experiences and a highly-scaled and secure infrastructure is a great complement to BankMobile’s financial and regulatory expertise and its unique customer acquisition funnel in the higher education segment.”. college-bound students through relationships with 800 campuses nationwide. .”

Google 239

Google Digital Banking Pennsylvania FDIC 239

Independent Banker

JULY 31, 2022

In partnership with Nymbus, the bank’s custom digital platform is built on a secure cloud-native core banking system with an open API architecture. While many banks are utilizing technology and trying to be innovative, they are doing so on an existing legacy structure that is too expensive, painful and ingrained in their culture to change.”.

Florida 91

Florida Community Bank Community FDIC 91

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

Abrigo

JANUARY 4, 2023

"The events of the past year have been marked by significant volatility and the exposure of vulnerabilities in the crypto-asset sector," read a joint statement from the Federal Reserve, FDIC, and the OCC. Consumers are accustomed to upgrades as part of innovative technology.

social media 195

social media Fraud cryptocurrency Trends 195

Abrigo

AUGUST 6, 2021

according to FFIEC and FDIC data. Additionally, community financial institutions are more likely to leverage relationship lending to help smaller businesses obtain loans that they might not be able to secure with larger institutions based solely on their financial information. Technology is an obstacle and an opportunity.

Community Bank 195

Community Bank Community Kansas City Lending 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). Information security program and information systems. Legal and regulatory compliance.

Community Bank 78

Community Bank Community Fintech Company 78

PYMNTS

DECEMBER 23, 2020

The company offers FDIC-insured bank accounts and a Visa -branded payment cards for teens (aged 13-18) with budgeting features and other financial education tools built in. But it also has to be something that parents see as trustworthy, secure, stable and likely to promote financial literacy. We don't take that lightly.

Fintech 322

Fintech Cards FDIC Lending 322

PYMNTS

APRIL 2, 2019

in decades, has announced that it is working with technology solutions company NYMBUS to integrate its core digital banking and payment services. Following approval by the Federal Deposit Insurance Corporation (FDIC) and Washington, D.C.’s MOXY bank , preparing to be one of the first new community banks to launch in the U.S.

Community Bank 117

Community Bank Community FDIC Washington 117

PYMNTS

SEPTEMBER 30, 2020

Co-signed by the American Bankers Association, Bank Policy Institute, Independent Community Bankers of America and The Clearing House, the letter argues that banks and non-bank technology firms are both already embracing innovation in customer service offerings. FDIC), the states and the courts.

Regulation 349

Regulation National System Industry 349

American Banker

APRIL 14, 2016

The inadvertent downloading of thousands of consumer records to a thumb drive at the FDIC could happen anywhere. Here's a look at what the FDIC did right and what it could have done better.

FDIC 28

FDIC Data Cyber Security Security 28

PYMNTS

AUGUST 16, 2019

. “With our new locations in the heart of New York and Los Angeles, we’re offering these clients significant value: the expertise of in-market senior bankers, underpinned by highly competitive products and strong digital technology. and offer clients FDIC-insured accounts.

Los Angeles 101

Los Angeles New York FDIC Lending 101

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. These systems are continually being updated with newer and better ones; however, it takes a long time to sunset the legacy technology.

Regulation 71

Regulation FDIC System Software 71

American Banker

MAY 12, 2016

The resolution plan data was accessed as part of a breach that initiated in October 2010 and continued for an extended period of time, eventually infecting the workstations of then FDIC Chairman Sheila Bair as well as other top agency officials.

FDIC 28

FDIC Data Cyber Security Security 28

PYMNTS

JULY 1, 2019

As noted in this space last week, the regulator who helms Germany’s Federal Cartel Office said that cryptos – in particular, those brought by large technology firms – should be examined by regulators over antitrust concerns. FDIC’s New Division. The fine from Italy’s regulators comes after U.K.

cryptocurrency 100

cryptocurrency Regulation social media FDIC 100

PYMNTS

NOVEMBER 23, 2020

While many digital-first companies springboard from payments into lending, Figure Technologies , a FinTech focused on home improvement, debt consolidation and retirement products that leverage blockchain protocols, is branching out from lending into payments. Blockchain and a bank charter might do much to boost financial inclusion.

National 215

National blockchain Montana Lending 215

Jeff For Banks

JUNE 2, 2023

And quite frankly, I did not know there were so many tranches to mortgage-backed securities. According to the FDIC, the causes of the 2008-09 financial crisis lay partly in the housing boom and bust of the mid-2000s; partly in the degree to which the U.S. We took a serious reputational hit. credit default swaps anyone?). Good times.

FDIC 78

FDIC Community Bank Regulation Lending 78

Abrigo

JULY 20, 2021

From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Many financial institutions implemented or upgraded technology to help them offer PPP loans during the pandemic. The change is intended to improve security, integration, reporting features, and validation to improve accuracy.

Lending 195

Lending FDIC Capital Risk Management 195

Abrigo

JULY 20, 2021

From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Many financial institutions implemented or upgraded technology to help them offer PPP loans during the pandemic. The change is intended to improve security, integration, reporting features, and validation to improve accuracy.

Lending 195

Lending FDIC Capital Risk Management 195

PYMNTS

APRIL 27, 2016

On Tuesday (April 26), various media outlets reported that the investment bank is expanding its customer base with the launch of its own FDIC-insured, Internet-based savings bank called GS Bank. Goldman Sachs has officially entered the world of online retail banking.

Retail 100

Retail Online FDIC Software 100

Abrigo

MAY 5, 2022

Banking Transformed Banking Transformed by the Financial Brand’s Jim Marous has new episodes several times a month and features executives from financial institutions, financial technology firms, authors, consultants, and other experts in the banking industry.

Community 195

Community Lending Maine Resources 195

American Banker

JUNE 29, 2016

has improved its information security processes, but more changes need to be made, the Government Accountability Office said in a report published Wednesday. The Federal Deposit Insurance Corp.

FDIC 39

FDIC Data Security Report 39

PYMNTS

SEPTEMBER 18, 2020

Accounts are FDIC-insured through a partnership with Bancorp Bank. The partnership model is an increasingly popular setup for financial technology startups that don’t have their own bank charters. The online-only bank lets customers deposit and save money on its platform and spend using a no-fee debit card.

Los Angeles 231

Los Angeles UX Cards FDIC 231

Independent Banker

MARCH 31, 2022

A secure, open-loop, cost-saving, customer-accessible, multiplatform P2P payments network might sound too good to be true, but community bank consortium Alloy Labs Alliance hopes to achieve just that with the CHUCK payment rail. Photo by Donis Perkins.

Community Bank 91

Community Bank Community Payments Meeting 91

PYMNTS

OCTOBER 31, 2016

The House Committee on Science, Space and Technology, one of the congressional panels notified of the breach, said it is monitoring the OCC’s response to the incident, the paper reported. which has prompted lawmakers to spend part of 2016 looking into shortfalls in FDIC cybersecurity policies.

Data 100

Data FDIC Policies Report 100

CFPB Monitor

NOVEMBER 6, 2019

I will co-moderate a discussion among CFPB, FTC and FDIC representatives. Privacy and data security issues. The morning session on the first day will feature a panel discussion titled “Federal Regulators Speak,” that will be divided into two segments and focus on federal regulatory, enforcement, and supervisory developments.

San Francisco 60

San Francisco FDIC Conference blockchain 60