OFFICIAL PUBLICATION OF THE COLORADO BANKERS ASSOCIATION

Pub. 13 2023-2024 Issue 4

Tips for Selecting the Right Core Processor With a Seamless Digital Transformation

Your core processor is the heart of your data management and function. Its efficacy directly impacts service quality, operational efficiency and regulatory compliance. Having the right core processor lays the foundation for a successful digital transformation journey — its choice calls for strategic consideration.

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Washington Update: Against a Rising Tide of Regulation, Banks Must Row Together

Whenever a new election cycle comes along, it’s not uncommon to hear pundits make mention of “red waves” or “blue waves,” denoting potential power swings in Congress. But as bankers contemplate the future of our country and the policy environment that will shape the future of our industry, there’s another wave that we need to talk about: a tsunami of complex regulation that is hitting the banking sector as we speak.

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I Hedged My Balance Sheet for the First Time in 2023. Now What? Hedging Best Practices for Financial Institutions

2023 was a wild ride. Many banks came under stress after 500 basis points of rate increases. Investors and depositors worried about unrealized losses and withdrew their capital and liquidity, leading to a small number that failed.

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Navigating the Current and Future Banking Landscape: Why Lending Platforms are Essential Now More Than Ever

Banks today are facing an increasingly challenging environment. The aftermath of recent bank failures has impacted business confidence, leading to a shift in customer loyalty, with many moving their business banking to larger institutions.

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Beneficial Ownership: Final Rule and Its Impacts on AML Programs

The latest final rule on beneficial ownership information (BOI) reporting gives financial institutions and their business clients more details about what’s required. Here’s a rundown of what’s behind the new rules, the latest BOI registry details and how anti-money laundering (AML) programs can prepare.

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Finding the Right Partners Matters with Card Conversions

The financial landscape evolves fast, with banks constantly seeking ways to enhance their services, stay competitive, and comply with laws and regulations. One significant challenge they face is the conversion of their card processors — a complex and mission-critical task that can benefit from the expertise of a consulting partner.

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