Pub. 13 2023-2024 Issue 6

Fraud and Physical Attacks have increased, but new integrated technologies are helping detect, protect and prevent. There has been an uptick in ATM attacks across the United States in recent months, particularly in the Western states. In many of these attacks, criminals have utilized never-before-seen ATM skimming devices and new methods. In an era where […]

Regarding AI, most businesses are mainly concentrating on Large Language Models (like ChatGPT), but it is important to stay cognizant of other ways AI can impact security and what banks should be doing to secure themselves, their employees and their data. $25 million was lost by a bank due to AI deep fake technology where

While the banking industry has been battered about by the “regulatory tsunami” in recent months, bankers can now breathe a small sigh of relief. In a win for the industry, a Texas federal judge in late March issued a preliminary injunction in ABA’s lawsuit challenging the Community Reinvestment Act final rule. This injunction means that

What if the federal government wants to determine if the United States banking system is being used to distribute a new ransomware variant? What if it secretly uses its systems and core processing platforms to make this determination? The need to protect citizens from harmful cyber-attacks is real. But what about your bank’s privacy? What

A little more than a year has passed since February 2023, but it feels like a decade; so much has happened in a short period of time. On Valentine’s Day 2023, the Fed Funds Target Rate (FFT) had already risen to 4.75% from just 0.25% on Feb. 14, 2022. Despite that 450 bps increase over

After years of anticipation and preparation, the Financial Accounting Standards Board’s (FASB’s) credit loss accounting standard, CECL, is now effective for all financial institutions. Larger institutions that file reports with the Securities and Exchange Commission (SEC) adopted the standard for fiscal years and interim periods beginning after Dec. 15, 2019. All other financial institutions adopted

Desiree Castillo Senior Vice President, Senior Compliance ManagerANB Bank How did you get started in the banking industry? Banking was supposed to be a summer job for me after graduating high school. I applied at three banks that were right next to each other by my home at the time. The first bank that called

In an era where artificial intelligence (AI) is redefining industries, its impact on banking through strategic planning and execution stands out. By leveraging conversational AI, banks can engage in more participatory and efficient strategy development, involving employees at all levels in shaping the bank’s future. This technology streamlines efficiencies and fosters a deeply engaged workforce

In a market where deposit competition is fierce and industry turmoil has placed an increased emphasis on safety, one of the best ways to proactively reassure your most-valued customers could be joining a reciprocal deposit network. Per IntraFi’s quarterly survey of bank executives, as of Q1 2024, 67% of institutions reported that deposit competition had