Michael Magrath
Jan 7, 2021

The spike in fraud and cybersecurity threats during COVID-19 has heightened the focus on making digital commerce safer.

As tensions continue to mount in the Persian Gulf, bank security officials in the U.

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As a growing number of states legalize medical and/or recreational marijuana use—Illinois becoming the latest, effective January 2020—financial institutions must acknowledge that they may (and likely do) provide banking services for marijuana-related businesses (MRBs), intentionally or not.

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Granted: Banks and consumers have much to gain from the effective use of account holder data.

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It’s hard to imagine anything lucky about a data breach affecting more than 100 million customers.

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More than a few bankers believe fintechs (and would-be fintechs) should play by the same rules they do.

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Financial services professionals once considered effective fraud prevention as simple as requiring a customer to present the teller a driver’s license or entering an ATM PIN.

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In financial services, 2018 focused significantly on attracting and retaining business customers.

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The Current Expected Credit Loss accounting standard (CECL) takes effect for financial institutions as early as next year, though palpable foot-dragging has accompanied the ramp up.

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And now, this not-so-trick question: Who within a bank’s operations will feel the impact of the upcoming Current Expected Credit Losses (CECL) accounting standards? “Everybody,” says Steve Picarillo, managing director and head of risk management practice for Washington D.

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The Financial Accounting Standards Board’s (FASB) Current Expected Credit Loss (CECL) standard goes into effect beginning in 2020 for public organizations that are SEC filers, 2021 for other organizations and 2022 for credit unions.

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