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Small banks: Big challenges and big opportunities

Abrigo

Relationship focus helps CFIs Small banks can leapfrog competitors and better serve their communities by combining their unique advantages with smart management and partnerships. Declining deposits, higher cost of funds, and ever-increasing competition are just a few challenges these executives are managing.

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Brex Offers FDIC Insurance, Adds Chief Legal Officer

PYMNTS

Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). a financial services holding company based in Kansas City, Missouri. In March, Brex opened its first international office , a technology hub in Vancouver, Canada.

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How to Measure Interest Rate Risk Effectively in Banks & Credit Unions

Abrigo

Would you like other articles on asset/liability management in your inbox? Takeaway 1 Regulators stress sound risk management practices that include the ability to identify and measure interest rate risk (IRR). FDIC) noted in its 2021 Risk Review.

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New Cyberattacks Aim for ATM Management Systems

Independent Banker

Earlier this year, federal regulators warned financial institutions against criminal attacks on their ATM systems. The software might spy on an employee’s activity to steal his or her passwords to burrow deeper into the bank’s network and ATM management system. Current Tech. By Maria Korolov.

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NFL Unveils 2020 Schedule But Questions Persist

PYMNTS

10 as the defending Super Bowl champion Kansas City Chiefs host the Houston Texans in a rematch of the American Football Conference Divisional playoffs, according to the NFL. The National Football League’s 101st season begins in prime time on Sept. Or will it? “In 3, the commissioner said.

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How to stress test your ag portfolio

Abrigo

The report, from the Federal Reserve Bank of Kansas City , stated that demand could remain high since futures markets for fall crops show prices are likely to remain low because of the potential for another record harvest. Agriculture commodity prices 2. .” • Using the data to support qualitative factors related to ag loans.

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Fed Concerned Trade War Could Trigger Recession

PYMNTS

Esther George of the Kansas City Fed and Eric Rosengren of the Boston Fed voted to “keep the target range unchanged,” the news outlet said. Invesco portfolio manager Noelle Corum told the FT that the U.S. At last month’s meeting, James Bullard, president of the St. Louis Fed, voted for a bolder rate cut of 50 basis points.

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