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In The Press

  • What to Expect from the CFPB in 2016

    Western Banker; Online; October 2015

    Hard to believe, but the sun will soon set on 2015. And aside from preparing for the transaction frenzy that will soon swoop in with the coming of the holidays, it’s high time to review the upcoming regulatory horizon to help calibrate your bank’s compliance priorities and determine the expectations of federal regulators. 

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  • 5 Steps to Passing Your Next Regulatory IT Exam

    Community Bankers of Iowa; Online; October 2015

    Following the pilot cybersecurity exams conducted last summer by the FFIEC, many banks aren’t sure what to expect at their next IT exam—if that’s indeed where cybersecurity will be addressed—and fear the worst. But, rather than be paralyzed by fear, address the areas on which federal regulators most likely will focus at exam time by following five steps.

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  • The Changing Business of the Customer Experience

    WIB Technology & Security Digest; Online; September 2015

    For most bankers, the phrase Know Your Customer is shorthand for anti-money laundering and fraud compliance requirements. But in an era where banks have access to massive amounts of customer data, “Know Your Customer” should also be the mantra for building an unparalleled customer experience. The catch is that community banks can’t really benefit from all of the data they have without the power of analytics. 

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  • Putting ERM Into Action

    WIB Compliance Digest; Online; September 2015

    If a bank has taken the steps prescribed to conduct a comprehensive risk assessment and assigned key risk indicators (KRI) that are tied to their strategic goals, the next step is the ongoing monitoring – and the implementation of changes made as a result of the monitoring. Once a risk assessment is complete, community banks should use the data gathered to evaluate ongoing risk and make strategic changes to meet compliance requirements as well as improve their business results.

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  • Top 3 Benefits of Bank-Focused Managed IT Services

    BankNews Learning Points, Online; August 2015

    Since MSPs manage and maintain IT assets, they obviously must possess technical skills and the knowledge to troubleshoot and repair IT issues. But, banks are so specialized and heavily regulated these days that their MSP also should hold financial industry compliance, regulatory and operational expertise.

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  • The Steps to Building a Complete Third-Party Management Program

    Independent Banker; Online; July 2015

    Due to recent changes from the Office of the Comptroller of the Currency, the Consumer Financial Protection Bureau and the Federal Financial Institutions Examination Council’s Appendix J, financial institutions can no longer rely on time-tested third-party relationships without performing enhanced due diligence. Why? Because a bank’s use of any third-party provider now generates new compliance, operational, strategic and legal risks. 

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  • The P2P Revolution

    Digital Transactions; Online; July 2015

    Nobody can say for sure when the first electronic person-to-person payment took place, but payments historians are pretty sure they can pinpoint the first official P2P transfer using a mobile device. It was a whopper.

    CSI’s SPIN has one key advantage over providers like Square or Facebook: only the receiver must have a debit card.
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  • FFIEC Shifts to Cybersecurity

    Credit Union Times; Online; June 2015

    In March, the Federal Financial Institutions Examination Council provided an overview of its 2015 cybersecurity priorities, which included work streams and a self-assessment tool, and industry observers believe this is a precursor to issuing cybersecurity guidance.

    Tyler Leet, director of risk and compliance services at the Paducah, Ky.-based CSI, added, “They wanted a better understanding of where community financial institutions stood with their cybersecurity posture and the controls they had in place, and areas they think need to be improved.”
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