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Can AI assist in vendor management challenges?

Independent Banker

And yet, some industry experts have observed that AI is not yet being used to its full advantage in vendor management—one of the thornier problems that community banks are wrestling with today. If a community bank has just a handful of vendors, managing those vendors is fairly straightforward. Elizabeth Judd is a writer in Maryland.

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Eagle Bancorp adds industry veterans to leadership team

American Banker

The Maryland company said the additions, including a former bank CEO, will strengthen its “overall operational and strategic management.".

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Pentagon’s Vendor Payments Eyed In Bipartisan Bill

PYMNTS

The publication said Wednesday (May 23) that Senator Ben Cardin of Maryland and Senator Mike Enzi of Wyoming introduced their bill earlier in the week that would require the DoD to pay small business contractors, as well as large contractors with small subcontractors, within 15 days of receiving an invoice whenever possible.

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New Main Street Business Plans Restart Optimism In Post-COVID Picture

PYMNTS

presidents and instrumental in establishing the government’s Office of Management and Budget (OMB) is quoted as saying, “An entrepreneur tends to bite off a little more than he can chew hoping he’ll quickly learn how to chew it.”. Twenty-five percent of Main Street SMBs now say they are operating with capacity restrictions, whereas 38.6

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 Ransomware Gains Traction, UK BEC Fraud Spikes

PYMNTS

“The threat actors realized they can amplify their impact by targeting specific companies such as managed service providers,” said Bennett. Separately, a federal grand jury has indicted a Maryland woman for allegedly bilking a Newark, Delaware medical practice of more than $320,000 through the use of a corporate credit card.

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A fund for diverse tech companies

Independent Banker

The venture capital fund itself is one of a very small percentage of majority Black-owned venture capital funds operating in the U.S. In recent years, Jasmyn had been approached by several high-net-worth individuals and fund managers interested in investing in Black- and diverse-led startups. Elizabeth Judd is a writer in Maryland.

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The community bank guide to FedNow resources

Independent Banker

You have to educate yourself; you have to educate your employees and your management team. My advice: Build a plan, understand what partners must be involved and do a lot of exploring with vendors,” says Debra Matthews, chief of deposit operations at $2.1 Colleen Morrison is a writer in Maryland.

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