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Bitcoin Daily: Bitcoin Climbs Above $18K; Liquid Reports Hack On Infrastructure; ASIC Charges Promoter In BitConnect Crypto Scheme

PYMNTS

The company confirmed in the post that while its customer’s assets are secure, personal contact information and encrypted passwords might have been compromised in the attack. “We We can confirm client funds are accounted for, and remain safe and secure,” the post stated.

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How Scotiabank Manages Fraud Protection For A Data-Driven Future

PYMNTS

Otherwise, you are introducing a technology to a process that is broken to begin with and just automating it, so you are not getting the operational efficiencies and the pickup that you could potentially get out of it.”. I would say talent management is definitely top of mind.”. Scotiabank’s Three-Pronged Innovation Strategy.

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The true cost of fraud

Abrigo

Additionally, the human capital investment—in terms of both hiring fraud prevention experts and training existing staff—represents a significant operational expense. Institutions must invest not only in advanced security measures and skilled personnel but also in client education and community engagement to combat fraud effectively.

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How can bank boards respond to increased regulatory scrutiny?

Abrigo

As noted in the OCC’s document, Common Sense Approach to Community Banking , a bank’s board of directors “must determine whether the risks the bank assumes are warranted, effectively managed, and consistent with safe and sound banking practices.” How complex is the bank’s operating model? How complex is the bank’s operating model?

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How To Move Past Artificial Intelligence #Fails

PYMNTS

Executives and managers often confuse artificial intelligence (which is capable of unsupervised learning) with its less sophisticated but close cousin, machine learning (which is capable of supervised learning). Artificial intelligence has a long way to go before it becomes a daily part of FI operations – but AI is coming one way or another.

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Education: By Popular Demand

Independent Banker

Certification through ICBA and Community Banker University ensures that a pivotal community banker has the necessary knowledge and understanding in critical operational areas. Bank Security Institute. Runay Olson ( runay.olson@icba.org ) is ICBA’s vice president of Community Banker University–Seminars. Education Resources.

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Powering-Up Tools: Your Education Resources

Independent Banker

Community Banker University offers educational opportunities through live, in-person seminars and webinars, publications, audio conferences, self-study programs and videos. The 2016 calendar of events will be announced shortly and will include new courses and seminars for our member banks. Community Banker University.