Endurance in the News
FIRST NATIONAL BANK OF CENTRAL TEXAS COMPLETES ENTERPRISE RISK MANAGEMENT IMPLEMENTATION UNDER ENDURANCE ADVISORY LEADERSHIP
Endurance Advisory announced that The First National Bank of Central Texas has completed implementation of an Enterprise Risk Management (ERM) Program under the firm's guidance.
Read ArticlePayments
PAYMENTS ARE EATING THE WORLD
The role of payments as the new connective tissue in the physical and digital economies is one of the most significant evolutions of the 21st century. Payments as the value exchange is the solution to the interoperability challenge between platforms.
Read ArticleFISERV MAY GRAB COMPETITIVE EDGE WITH NEW BANK CHARTER
Fiserv will have more wherewithal to undercut competitors on price after the payments processing giant obtained a special bank charter in Georgia this month.
Read ArticleFintech
CROSS RIVER CEO: FDIC PROPOSED RULE WOULD PROTECT BANK-FINTECH MODEL
Cross River Founder and CEO Gilles Gade has spoken out in favor of the FDIC's proposed requirements for custodial deposit accounts as a proper response to the collapse of Synapse.
Read ArticleTRADE GROUPS CHALLENGE CFPB'S OPEN BANKING RULE ON DAY 1
The Bank Policy Institute and others filed a lawsuit charging the CFPB with overstepping its authority and asserting the rule would put consumers and the banking system at risk.
Read ArticleBAAS FACES REGULATORY RECKONING: OCC AND FDIC ACTIONS UNDERSCORE GROWING SCRUTINY
BaaS relationships are on regulators' radars, resulting in enforcement actions, especially against smaller banks operating with FinTech partners.
Read ArticleBank Technology
SIBOS 2024: WHY THE FUTURE OF FINANCE IS ATOMISED, EMBEDDED, AND REAL TIME
The convergence of atomization, embedded finance, and real-time capabilities is leading to more personalized financial products and enhanced customer experiences.
Read ArticleRegulation
NEW REGULATIONS FOR CHANGE OF CONTROL
State regulators urge the FDIC to refrain from adopting new change of control rules that would create unnecessary regulatory redundancies for investors and banks.
Read ArticleFDIC, OCC FINALIZE POLICY ON BANK MERGER TRANSACTIONS
The revised OCC and FDIC Statements of Policy signal a tangible change in the regulatory landscape for bank mergers, with increased scrutiny and hurdles to completion.
Read ArticleNYDFS TELLS COMPANIES TO ADDRESS AI SECURITY THREATS
The use of MFA for NPI will be mandatory in 2025, and NYDFS recommends authentication methods that can't be faked using AI.
Read ArticleCommercial Real Estate
NY FED SAYS BANKS OBSCURING COMMERCIAL REAL ESTATE RISKS BY EXTENDING LOAN TERMS
Banks with weaker capital levels are the primary vector for CRE mortgage extensions, creating a 'maturity wall' with risk of large losses materializing suddenly.
Read ArticleBanking - Risk Management
THE HIDDEN RISKS: HOW VENDOR COMPLIANCE AND DELAYED TECHNOLOGY UPDATES ARE INCREASING LENDER VULNERABILITY
Lenders must take proactive steps to protect their operations from implications associated with technological transitions and vendor compliance gaps.
Read ArticleJEWELERS WARNED OF WAVE OF "OCEAN'S ELEVEN" BURGLARIES
Jewelers across America are being hit by a string of sophisticated break-ins and suffering big losses as a result.
Read ArticleEconomics
THE 50-YEAR HISTORY OF THE SOMC AND THE EVOLUTION OF MONETARY POLICY
Mickey Levy and the Shadow Open Market Committee. Interesting background on how the SOMC impacts FOMC decisions and how their commentary influences FOMC thinking.
Read ArticleRATE CUTS TO ACCELERATE US BANKS' MOVE TO HIGHER-YIELDING INVESTMENTS
Banks remixing their balance sheet, with low yielding investments jettisoned in favor of higher yielding investments, and unrealized losses are declining.
Read ArticleCFPB PUSHES MOVE TO AN OPEN BANKING SYSTEM WITH THE PERSONAL FINANCIAL DATA RIGHTS RULE
The CFPB released the final version of the Personal Financial Data Rights Rule that requires financial institutions to support new open banking standards.
Read ArticleInsights
ENDING BAILOUTS, AT LAST
The Hoover Institute economists' prescription to end bailouts and bank failures: raise Tier 1 capital requirements to 16%, tax short-term funding, end deposit insurance, and vastly simplify regulation.
Read ArticleHOW ARE BANKING INDUSTRY EXPERTS HANDICAPPING THE IMPACT OF THE ELECTION?
Whichever party wins the White House, the outcome will be a mixed bag for the banking industry. Key Supreme Court decisions have reformed the regulatory playing field.
Read Article
