News & Publications

News

In The Press

  • FFIEC Guidance Extends to CUs Without Social Media

    Credit Union Times; Online; September 2013

    Even credit unions without a social media presence on sites like Facebook or Twitter must comply with the Federal Financial Institutions Examination Council’s proposed social media guidance, CSI Regulatory Compliance Customer Relationship Manager Lee Thomas said in an Aug. 28 Credit Union Times webinar.
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  • Regulations Play Catch-Up to International Electronic Transactions

    Transaction News; Online PDF, Page 8; November 2013

    For years, the growing utilization of electronic transactions outpaced the regulations governing them. While Congress initially passed the Electronic Funds Transfer Act, better known as Regulation E, in 1970, the regulation was rarely updated. As digital transactions grew in importance, the law left too many grey areas for both consumers and financial institutions. 
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  • CUs in Muddy IT Waters Turning to Managed Services

    Credit Union Times; Online; October 2013

    To navigate the increasingly complicated IT waters and alleviate pressures associated with tougher compliance exams, a growing number of credit unions are turning to managed services providers.

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  • Ease IT Budget Headaches with Strategic Planning

    Credit Union Times; Online; October 2013

    When creating annual IT budgets, credit unions often get trapped in a complicated maze.

    Increasing demand for mobile services, rapidly changing technology and tighter security regulations regarding innovations such as social media make it tough to pinpoint the best ways to spend tech dollars. 
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  • The Bank of Kentucky Trusts Its Core to SaaS

    SaaS In the Enterprise; Online; July 2013

    In banking, the crown jewels are the hosted core systems that house an institution's official transaction record. In most banks it sits in the headquarters where it is treated reverentially. But not at the Bank of Kentucky. 

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  • Building a Custom Route to the Cloud

    BAI Banking Strategies; Online; June 2013

    Cloud computing is claimed by many proponents as the next great frontier in banking technology. So, it is no surprise that cloud computing is growing exponentially. To make the most out of cloud computing, banks should assess their level of readiness and outline a long-term strategy for maximizing the return on investment.

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  • Cloud Compliance Management Solutions in Use at Small Banks, Credit Unions

    TechTarget; Online; February 2013

    Credit unions and community banks represent a mixed market for IT solutions and services. Those small and midsized institutions face increasing financial pressure in the form of razor-thin net interest margins and increasing compliance chores. Some credit unions and banks have liquidated or sought buyers as a result. For the institutions soldiering on, the money crunch limits investment dollars available for IT, among other items.

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  • Bank Balances Growth, IT using Managed Services

    MSPmentor; Online; December 2012

    How does a growing bank balance the demands of an increasingly complex business with the need for IT solutions that scale to meet them? California-based Five Star Bank was struggling with a two-person IT team and consumer-grade equipment to manage its IT infrastructure. The bank’s overall IT infrastructure as not keeping up with what the company needed. Here’s how one MSP came in and helped the company create an IT plan to better suit its needs and save $120,000 at the same time.


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