Facilitating a safe, paperless boardroom is truly just the tip of the iceberg for secure portal technologies. Employee intranets and loan committee portals also provide an effective alternative for securely managing a variety of sensitive data and applications enterprisewide. Learn three powerful ways online portals can transcend the boardroom in this blog.
Rumors abound regarding the unexpected depth and less-than-stellar outcomes of the pilot cybersecurity exams conducted last summer by the Federal Financial Institutions Examination Council (FFIEC). One year later, many banks are unsure what to expect at their next IT exam—or even if that’s where cybersecurity will be addressed—and fear the worst.
If you’ve ever spent time managing IT for your financial institution, you know the level of responsibility and all that comes with it—stacks of compliance paperwork, asset documentation, ensuring all technology is running appropriately, vendor management and more. Plus, that’s on top of your other duties.
If you haven’t already heard, NACHA announced on May 19, 2015, that its voting membership approved Same Day ACH.
Just because you offer eDelivery, doesn’t always mean automatic adoption by customers and members. Sometimes, it takes a little time and ingenuity on your part in order to really see paper usage shrink. A few well-thought out actions can mean all the difference, so consider employing some of these top five ways to spur eDelivery adoption
Is your financial institution ready to implement the new Truth-in-Lending Act/Real Estate Settlement Procedures Act (TILA-RESPA) Integrated Mortgage Disclosures Rule? If not, you’re not alone.
Whether your bank is still in the discovery phase or you’re ready to implement an EMV card program, you’re likely weighing the benefits of enabling EMV. And with data breaches related to card fraud popping up in the news almost daily, you may be feeling pressure to put EMV cards in rotation well ahead of most merchants.
When it comes to your bank’s participation in social media, true success is all about perspective. Many banks hesitate to get involved because they see social media as a compliance mishap waiting to happen, or some say they just don’t see the real value. It’s time for any bankers with either of those mindsets to see social media in a whole new light.
When it comes to your financial institution and its social media participation, you probably make the most assumptions about one key audience—your employees. You may assume that, because your employees love working at your company, they’re naturally talking about all of your company’s cool features on social media.
On June 15, 2015, FinCEN—an arm of the U.S. Treasury—penalized Bank of Mingo (Williamson, West Virginia) $4.5 million for willfully violating the Bank Secrecy Act (BSA). And for a small bank like Mingo—one that’s under $100 million in assets—getting hit with a $4.5 million fine is huge.