Remove Leadership Remove Online Remove Operations Remove Risk Management
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FFIEC Cybersecurity Maturity Assessment Tool

Cisco

financial institutions, the FFIEC released new guidance and a Cybersecurity Assessment Tool for institutions to self assess their risks and determine their cybersecurity maturity. This was revised in 2017, and this consistent framework is intended to be able to help leadership and the board assess their preparedness and risk over time.

Tools 114
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Bank CIOs Must Break Through The Tactical Barrier

Gonzobanker

The operational world of cash, checks, deposit slips, passbooks, and teller terminals used to dominate bank tech budgets. However, in order to address this leadership mandate, CIOs must break through the tactical mindset and focus that consumes most hours of their day. Next-gen CIOs cannot fulfill this leadership role alone.

Resources 139
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How to Win Small Business Loans This Year

Abrigo

Indeed, the financial institutions surveyed most frequently identified the following as their top challenges in small business lending: Efficiency Process, operations, and staffing Competition Over half of the survey respondents cited efficiency as a challenge when it comes to small business lending. Knowing Your Customer. According to a J.D

How To 195
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Do you know your bank or credit union’s top priorities?

Abrigo

Does senior leadership do a good job of communicating its top priorities? In a recent online survey of more than 1,000 bankers using Sageworks’ solutions, bankers indicated that priorities are fairly diverse. Once you understand the risk, bankers can grow their portfolio in line with their risk appetite and overall strategy,” he said.

Survey 150
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Preparing for Section 1071

Abrigo

Takeaway 3 Financial institutions should consider the impact of this rule and prepare for changes to their business operations. Online lenders, platform lenders, and fintechs should also consider sending feedback to the CFPB and considering the ways their operations might be affected. Credit Risk Management.

Lending 195
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There’s No Room for Luck in a Preparedness Plan

Gonzobanker

Cornerstone Advisors research found that institutions with digital offerings in place were able to quickly steer their customers to online channels – even if they had not used them before. In April alone, digital account openings rose 7% and online logins increased by 18%. Take advantage of cloud computing to minimize local disruption.

Survey 158
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Fundbox, Tipalti Tip The B2B Payments VC Scales

PYMNTS

BankiFi operates APIs to enable banking clients access to a range of business banking infrastructure to augment their own small business and corporate banking operations. Operating out of New Zealand, Hnry offers gig economy workers tax administration technology that has just caught the attention of investors to the tune of $1.35

Payments 149