Countries are racing to create central bank digital currencies, or so it appears from the constant stream of reports, articles, and speeches by officials. Various surveys show 86 percent of central banks are actively researching an official digital currency. So, what exactly is a central bank digital currency?
Banks must continue to comply with the requirements of the Bank Secrecy Act regarding beneficial ownership. So, due to the increase in the number of beneficial ownership findings/violations and the fact that the regulation will not change for some time, now is the time to refresh your new account personnel (both deposits and lending) on the rules.
ICBA and The Venture Center gave particular attention to identifying innovative back-office solution providers for this year’s ICBA ThinkTECH Accelerator cohort. These solutions run the gamut from robotic process automation for online lending to cybersecurity oversight through an automated governance solution.
Last year I flew to Little Rock, Ark. to participate in the ICBA ThinkTECH Accelerator program and found it to be a meaningful and constructive use of my time. But this year’s virtual forum raised the bar to a whole new level and allowed me to bring my entire team into the process — something we were all excited about.
Recently, ICBA Bancard, in partnership with TCM Bank, released the white paper, “Cultivating the Strategic Value of Credit Card Rewards Programs. ICBA Bancard President & CEO Tina Giorgio continue her discussion with rewards expert Damon Moorer, president and CEO of TCM Bank, about rewards programs.
The Office of Cybersecurity and Critical Infrastructure (OCCIP) is closely monitoring the ongoing Microsoft Exchange vulnerability exploitation (ProxyLogon) incident and is coordinating with our sector and interagency partners. Here are the latest updates.
Having the right rewards program to match your existing and targeted cardholder customer base is more important than ever. That’s why ICBA Bancard, in partnership with TCM Bank recently released, “Cultivating the Strategic Value of Credit Card Rewards Programs,.
When staffers are better at communication, projects and tasks are completed faster and more accurately without compromising quality. ICBA’s Community Banker University recognizes these facts which is why we include many soft skills courses in our full online training catalog.
Studies show most Americans have too much debt and not enough savings. Being prepared doesn’t have to be a chore or a burden. With a few simple steps you can start stockpiling a nest egg that will carry you through life’s unexpected twists and turns.
To start out the year, I’d like to both properly memorialize the late, great Alex Trebek and provide some helpful suggestions for investment management in this challenging rate environment in which we find ourselves. And I’d like to do it in the space of this column, so let’s pick up our signaling devices and see what answers we have in front of us.
Economic security rapidly evaporated for many households in 2020 as the coronavirus imposed an indelible mark on our nation’s economy. While the consequences were unprecedented, data continues to affirm the vitality of community banks.
It’s a new year and for many of you, your annual employee training calendar is just kicking off. Regardless of where you are in the process, we want to make you are aware of some of great courses coming to you in the very near future.
In a time of ambiguity, you take notice when there’s unilateral consensus, as was the case at last month’s ThinkTECH Policy Summit. During the summit, assembled regulators, legislators, and community bankers all agreed that community bank innovation will drive the future of financial services.
Community bankers have hit the ground running this year with another round of Paycheck Protection Program lending, Economic Impact Payment processing, and the everyday business of supporting local communities during the pandemic.