Marijuana, banks and the perils of a growing business

Todd Kleperis heads an organization that uses unmarked armored vehicles and heavily-armed men (including veterans) to shuttle bundles of marijuana and bags of cash throughout southern California. He doesn’t like to talk about the details of his operation and his drivers avoid federal checkpoints at all costs. Yet what might sound like a criminal endeavor is a Read More

By |2020-05-27T17:58:38-05:00March 13th, 2018|Comments Off on Marijuana, banks and the perils of a growing business

Podcast: Building a compliance culture that wins

Compliance, so often followed by the rulebook, also needs a playbook: one that gets everyone on board, from the C-suite to the front-line employees who deal with customers. What are the five key ingredients that help organizations create a culture that improves compliance and bolsters the bottom line? Pam Perdue, the Executive Vice President and Chief Regulatory Read More

By |2020-05-27T17:58:40-05:00February 6th, 2018|Comments Off on Podcast: Building a compliance culture that wins

The billion-dollar question: How banks can stay compliant when assets hit ten digits

Many bankers know the significance of crossing the $1 billion asset threshold, whether through organic growth or merger/acquisition. It means a host of new opportunities—but also introduces another issue. That is: meeting the requirements of Section 36 of the Federal Deposit Insurance Corporation Improvement Act (FDICIA). Though increasingly relevant in today’s market, FDICIA rules are hardly new; Read More

By |2020-05-27T17:58:42-05:00December 7th, 2017|Comments Off on The billion-dollar question: How banks can stay compliant when assets hit ten digits

An account of your accounting: Four major data issues surrounding CECL

Last year, the Financial Accounting Standards Board (FASB) issued several major documents: Accounting Standards Update (ASU) 2016-13, and Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. That adds up to Accounting Standards Codification (ASC) 326—and many finance professionals, so used to the world of numbers, understandably puzzled over the alphabet soup of letters Read More

By |2020-05-27T17:58:44-05:00November 2nd, 2017|Comments Off on An account of your accounting: Four major data issues surrounding CECL

With emerging payments, emerging security concerns and consciousness

BAI’s reporting on banking security issues has found that regardless of the threat and response, fraudsters are rapidly adapting not only to security measures, but also to where and how customers access their accounts. Meanwhile, financial institutions face a delicate balancing act; increase security without scaring away customers. Getting that balance right may represent the industry’s greatest Read More

By |2020-05-27T17:59:37-05:00September 28th, 2017|Comments Off on With emerging payments, emerging security concerns and consciousness

The golden way to RPA: Sidestepping the seven deadly adoption sins of robotic process automation

A multimillion-dollar commercial loan gets approved in 45 minutes. A voice command to your intelligent personal assistant pays your credit card bill. A trade settlement bot reduces the time to reconcile a failed transaction from several minutes to a quarter of a second. Time is indeed money, and here’s the source of the payoff: These examples showcase Read More

By |2020-05-27T17:59:37-05:00September 26th, 2017|Comments Off on The golden way to RPA: Sidestepping the seven deadly adoption sins of robotic process automation

Communication transformation: How banks can build a smart digital workplace

Digital workplace transformation impacts every economic sector. And despite Deutsche Bank analysts’ optimistic prediction last year that big banks will put 30 percent of their IT infrastructures in public cloud environments over the next three years, the financial services sector lags in adopting collaboration technologies. It’s conservative by nature and the spectre of FINRA and Sarbanes-Oxley (SOX) Read More

By |2020-05-27T17:59:38-05:00September 14th, 2017|Comments Off on Communication transformation: How banks can build a smart digital workplace

Cognitive computing’s smart new approach to regulation and money laundering

If regulation is by the book these days, it might as well be from the “Harry Potter” series: the lost volume where brave bankers defend the castle from fire-breathing dragons that grow stronger, fiercer and more adept by the day. Harry recites spells. The dragons spit back and recite Federal Reserve Board Regulation Z, 12 CFR Part Read More

By |2020-05-27T17:59:43-05:00June 7th, 2017|Comments Off on Cognitive computing’s smart new approach to regulation and money laundering

Overdraft protection policies exceed the limit

When the Consumer Financial Protection Bureau (CFPB) sued TCF National Bank in January, it charged that the Wayzata, Minn.-based bank was “tricking consumers into costly overdraft services.” According to the CFPB suit, the alleged “trick” involved an application process designed to obscure overdraft fees and make them seem mandatory for new customers opening an account. In fact, Read More

By |2020-05-27T17:59:44-05:00May 30th, 2017|Comments Off on Overdraft protection policies exceed the limit

Facing compliance unknowns with get-ready know-how

Ask any financial services leader who’s been a scout and they’ll tell you that “Be Prepared” is great advice for organizations as well as life itself. But how do financial services organizations prepare when the future is really unclear? The banking compliance world stands on the verge of what could be huge, unprecedented change. With a new president Read More

By |2020-05-27T17:59:45-05:00May 15th, 2017|Comments Off on Facing compliance unknowns with get-ready know-how