article thumbnail

Fed Names New Payments Security Leader

PYMNTS

Federal Reserve System has appointed its Payments Security Strategy leader, the agency announced Friday (Dec. He will lead the Fed’s initiative to address payments fraud risk and boost the security of payments in the U.S. Treasury and financial market, among other responsibilities.

Security 112
article thumbnail

Small banks: Big challenges and big opportunities

Abrigo

For smaller banks, longer-term industry consolidation trends and competition are also eroding deposit market share. According to the Federal Reserve Bank of Kansas City , community banks’ deposit market share dropped to 15% in 2022 from 22% in 2013. The result? The result? Worried about complying with the CFPB 1071 rule?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Brex Offers FDIC Insurance, Adds Chief Legal Officer

PYMNTS

The new feature in Brex Cash allows customers the choice to hold cash savings with FDIC insurance, or invest in Money Market Funds. a financial services holding company based in Kansas City, Missouri. Brex also announced Katie Biber has been named chief legal officer.

FDIC 166
article thumbnail

Community Bank Outlook: Challenges and Opportunities in 2021 and Beyond

Abrigo

Acquisitions allow organizations to spread costs across a larger asset base, recognize synergies within business lines, reduce staff, and consolidate branches in overlapping markets. 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.

article thumbnail

Hospital ERPs Find Promise In The Cloud

PYMNTS

The latest research from KLAS in its “ ERP 2019: Performance in the Cloud ” report found that decision-makers at healthcare providers, including directors and managers, agree that migrating ERPs to the cloud yields convenience, system reliability, enhanced security and broader efficiencies. Today, that’s changing.

article thumbnail

Predicting the future

Celent Banking

I also found myself rummaging through some old materials and came across an interesting paper on how financial markets might look in 2020. Firms will be selling to market segments of one.” serving as the Chairman of Bankers Trust at the time, at the Kansas City Fed’s economic symposium. Sanford, Jr.,

article thumbnail

The top-performing community banks of 2021

Independent Banker

Cumberland Security Bank, Inc. First Security Bank of Deer Lodge. Rapid City. Central Bank of Kansas City. Kansas City. A: We strategically positioned ourselves to take advantage of the market. We were gaining more market share by calling on all the Realtors. Allied First Bank, SB.