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How National Banks Are Poaching Loans and Deposits

South State Correspondent

The CLO was lamenting how he was losing quality loans and deposits to three aggressive national banks in the territory. An example was a $1.95mm owner-occupied CRE loan, where the borrower had multiple operating accounts totaling almost $500k. Last week we spoke to a $1.2B community bank management team.

National 195
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Cybersecurity Firm FireEye Hacked By Suspected Nation-State

PYMNTS

The cybersecurity firm FireEye — which counts numerous government agencies among its clients — said in a blog post that its proprietary tools were hacked by a suspected nation-state. “We We are not sure if the attacker intends to use our Red Team tools or to publicly disclose them.” . “We reports Reuters.

National 266
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How To Do Better Against National Bank Lending Competition

South State Correspondent

Many existing community bank customers and prospects are also national bank customers. There are now many online, nationally-focused lenders that are capable of an entire virtual relationship. This tool allows banks to understand the profitability contribution from various units and products.

National 195
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The Fed’s ELE Tool for CECL: What It Is and Isn’t

Abrigo

New Fed Tool: ELE for 2023 CECL implementation The Federal Reserve's new Expected Loss Estimator, or ELE, tool for CECL is a spreadsheet-based option for smaller financial institutions to implement the current expected credit loss standard. Spreadsheet-Based Tool. ELE tool for CECL released by Fed. keep me informed.

Tools 195
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FFIEC Cybersecurity Maturity Assessment Tool

Cisco

In 2015, following a significant increase in nation state and hacktivist attacks on U.S. financial institutions, the FFIEC released new guidance and a Cybersecurity Assessment Tool for institutions to self assess their risks and determine their cybersecurity maturity. Delivery Channels. Online Mobile Products and Technology Services.

Tools 114
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Deep Dive: How Regulatory Compliance Tools Help Keep Remittances Flowing

PYMNTS

These types of payment flows made up 5 percent or more of the gross domestic product (GDP) for 66 countries in 2019, reaching as high as 20 percent of GDP in nations like Haiti and Nepal. . Tools that help remittance service providers more efficiently meet their crime-fighting obligations can help keep down both costs and fraud. .

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Data Enablers: SigOpt’s Machine Learning Tools Help Businesses Optimize Operations

PYMNTS

From some guy’s garage in San Francisco, a group of math nerds has grown into one of the world’s finest-tuned machine learning operations. I’ve had the privilege to study and do research at many amazing universities and national labs around the world throughout my career. I can truly say I stand on the shoulders of giants,” he said.