OFFICIAL PUBLICATION OF THE COLORADO BANKERS ASSOCIATION

July 5, 2023

Developing a Sidecar Strategy for Tech Innovation

Financial institutions (FIs) are taking a fresh look at their core system’s role in delivering products and services to customers. In addition to altering consumers’ banking habits, the pandemic forced FIs to rethink how they transform their systems and layer new digital capabilities onto their existing technology stack. Swapping out core banking platforms can be […]

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Discover How Much Easier and Cost-Effective ITM Implementation Has Become

Nearly 10 years ago, I sat down across the table from Gene Pranger, inventor of interactive teller machines (ITMs) and video banking, interviewing for a job while completing my college education. I loved his passion for the community financial space. At the time, large national financial institutions were growing at such a rapid pace that

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Dirty Deals: Uncovering Money Laundering in Real Estate

Real estate money laundering is a serious issue that has become increasingly prevalent in recent years. It is no secret that criminals use real estate to clean money derived from illegal proceeds; it’s one of the oldest forms of money laundering. The subjective nature of real estate pricing makes for easily manipulated transactions. According to

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Washington Update: America’s Banks Are Stronger Together

The U.S. banking system has long been the envy of the world. The reasons for this are many, but at the core, it’s because our nation has cultivated a vibrant, thriving financial services sector made up of banks of all sizes, charters, business models and risk profiles. Each one of these institutions has an important

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A Word on Wi-Fi

For nearly as long as public wireless networks have been available, the best security advice has been to avoid them altogether. Why is this? Is there a way to be safe on public wireless networks? And what about the ones that use a password? Let’s take a closer look at where the security advice comes

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Can Interns and Other Employment Classes Be Excluded From Retirement Plan Participation, Including Eligibility To Receive Safe Harbor Contributions?

Not everyone who participates in the workforce serves an employer on a permanent, full-time basis. Examples may include seasonal, contingent, part-time, or internship work relationships. Most qualified retirement plan documents allow an employer to tailor a plan to meet its specific needs, including defining the eligibility requirements for employees to enter and participate in the

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FDICIA Roadmap: Early Planning is Key to a Successful Adoption

Banks approaching the Federal Deposit Insurance Corporation Improvement Act (FDICIA) requirement thresholds of $500 million and $1 billion in assets need to keep planning top of mind. Preparation is key to a smooth FDICIA adoption, and developing your roadmap early is pivotal to your success. Many bank balance sheets grew rapidly during the pandemic as

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Chairman’s Message: CBA Priorities for 2023–2024

I feel very honored and privileged to serve our industry and the Colorado Bankers Association (CBA) membership in the coming year. I have been involved with the CBA as a board member for years and have witnessed firsthand the strength and influence our industry has and the impact we can have on legislative efforts. CBA

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