The final rule on Community Reinvestment Act (CRA) Modernization brings about significant changes that will influence your bank's operations. It is crucial to understand both the positive and negative implications this rule will have and prepare your institution accordingly. Explore the key effects of the CRA Modernization rule and provide guidance on navigating these changes effectively.
Community banks play a vital role in the financial landscape, providing personalized services and contributing to the growth of local economies. Recognizing the importance of these institutions, Jeff Gerrish and Philip Smith have emerged as long-time advocates for community banks.
During this session, we will cover: National increase in ATM losses – What banks can do to mitigate damages. Fraudulent Instructions / Social Engineering – What every bank needs to know. Forgery – Crooks are going old school and physically stealing checks – What can we do?
How new deposit insurance assessment increases, capital and liquidity requirements, corporate governance requirements, and guidance on CRE concentrations will impact your exam porcess, your capital, and in general, safety and soundness regulation and supervision. Chris Cole will moderate a panel discussion with representatives from the OCC, the Federal Reserve and the FDIC.
This presentation will highlight how generative AI, like ChatGPT, is revolutionizing content creation and business decisions. It covers practical applications, addresses concerns, and urges banks to embrace generative AI as a competitive advantage.
Although digital transformation is a key focus in community banking, the significance of establishing the proper infrastructure to drive success is often overlooked. We’ll explore how best to structure your bank to develop a culture of innovation.
We often hear buzzwords and phrases like product innovation, product development, or product relevance. But are their different products today versus one, or two generations ago? Checking, savings, CDs, etc.? This session focuses on the importance of building a product management culture within your financial institution where product development is not only focused on meeting customer demand, but also the continuous profit improvement of whatever product you are managing.
Every bank has three assets they should be managing…employees, relationships, and the bank’s brand. These are the essential ingredients needed to attract and retain customers. How banks view these essential assets will influence how they address emerging opportunities and challenges. Management teams and leaders need to know how to introduce change, integrate new policies, and enhance procedures, while preserving culture and community reputation. What will it take to succeed in a changing banking industry? Some of the answers are already part of your established culture. Others will need to be examined and introduced. Plan to learn about unifying your teams, leveraging your internal support, and delivering exceptional customer experiences. Focus on your essential assets if you want to outperform your competitors.
Given the current interest rate environment, more attention is being placed on models being used by banks for a variety of reasons such as CECL, Asset Liability Management, etc. Model validations and third-party risk assessments are critical to ensure models are behaving as management expects and provide useful information for decision making. This session will cover the critical elements of a model validation and third-party risk assessment, to provide management teams with the tools necessary to effectively evaluate the models in use within their institution.
Congress is writing a new farm bill with significantly higher budget costs and the potential to impact ag customers for the next five years. Nutrition, commodity programs, crop insurance, loan programs and environmental and other policies will likely receive adjustments. Get an update on the status of this important bill and policy changes that will impact producers’ business decisions. Review major trends in financial and economic forces that will impact family farmers and ranchers.
USDA’s guaranteed farm loan programs are an essential tool for banks seeking to assist farm and ranch customers who have difficulty qualifying for commercial credit. However, bankers have raised questions regarding different procedures and lag times among county offices in approving applications. USDA officials will discuss their plans to improve the delivery of loans addressing consistency and turnaround time.
Today’s banks understand the importance of optimizing their digital capabilities. From streamlined digital applications, to fast, automated AI-powered loan decisions, consumers expect seamless experiences every step of the way. And while consumer-facing innovation often outpaces back-office updates, both are required for your institution to thrive in the coming years.
This Learning Lab is designed to introduce community bankers to the transformative potential of Artificial Intelligence (AI) in their sector. The agenda is structured to provide an understanding of AI technologies, their practical applications in community banking, and strategies for implementation.
This session is focused on the top regulatory priorities that banks need to address in the current financial landscape. The session aims to provide insights into the changing regulatory landscape and the importance of compliance in ensuring stability and trust in the banking sectors in 2024.
Community bank directors have many responsibilities and obligations to the institution, and these demands continue to grow. One of the most challenging responsibilities is ensuring their bank maintains a strong regulatory compliance system and achieves compliance with applicable laws and regulations. This is particularly challenging for outside directors in other professions with limited experience and knowledge in bank compliance matters. For these reasons, when their banks are confronted with compliance violations, directors are often left asking whether the regulatory agencies really expect them to know the underlying regulatory requirements and expectations. This discussion will focus on the current regulatory environment and how community bank directors (particularly outside directors) can reasonably obtain the necessary knowledge to fulfill their regulatory obligations and make sure their bank stays in good regulatory standing.
Join our conversation around how your bank's marketing efforts can best leverage the community banking difference with millennials in your local community and grow your customer accounts.
Data is abundant in banking, but finding effective ways to access and use it has become a significant challenge. Better data can lead to better insights, and better insights will lead to better decisions. Leveraging available data resources often presents a challenge for bank managers. An inability to integrate multiple systems or budget restrictions may make the solution appear unobtainable. Don’t let those challenges limit your data management. Use what you have. This session examines data that can be collected from primary and secondary sources to help attract and retain customers, manage employee engagement, and improve operating efficiencies. There are current levels of information every bank can capture and use to enhance performance. Join us to hear about five Impactful data sources that you can begin using Immediately at your bank.
Today , the acceleration to become completely digital, new market entrants and shifting consumer banking behaviors are changing the rules of the game for financial institutions. As you continue to modernize and thrive in your environment, FIS is right there with you from start to finish-ensuring you are remaining competitive in your industry and future-proofing your business. Focus on guiding you down the path of digital transformation to a modern core. Hear how you can develop a modernization plan to streamline your systems as an opportunity for extensive digital transformation. Your journey doesn't end there-join session The Road to Instant Payments and hear how you can continue to evolve.
At FIS we understand that each institution is unique. We will explore how the instant payment ecosystem is evolving in the US, a look at what exists today,m discuss key trends, and the way for banks to orient themselves for success. Increased market speed, greater business agility and competitive advantage.
