Artificial intelligence (AI) has come a long way, advancing from single-use tools to sophisticated systems that can analyze mountains of data and even drive cars (albeit with some drawbacks).
As AI continues to expand and be used in more organizations and more applications, remember the associated risks, and need for guardrails.
This time of year, we often take stock of our accomplishments and look ahead to the possibilities and opportunities awaiting us in the coming year. Certainly, when it comes to blazing ICBA’s innovation path for community bankers, we’ve upped the ante significantly in 2023.
Connection is at the heart of what community bankers do. That’s one of the reasons that the social networking platform ICBA Community was created. And it’s not only creating online connections, it’s helping bankers build relationships with each other outside of the forum.
As interest rates and property asking prices continue to rise, it’s becoming increasingly difficult for young adults and growing families to afford a home. Recently, the average interest rate for a 30-year fixed mortgage topped 8%—the highest since 2000.
Did You Know?
We value your input on course content? We’ve already begun updating course content for 2024 and now is a great time to share your wish list items for content updates, new course topics, or improvements.
As payments has evolved, so has ICBA Bancard, and with that came the opportunity to rebrand who we are in light of our why. I’m proud to introduce ICBA Payments.
As ICBA and our industry continues to differentiate and evolve, we are excited to announce the next stage of our journey as we rebrand from Community Banker University to ICBA Education.
We have been experiencing an acceleration in innovation since the start of the pandemic. MuleSoft reported that in 2022, 72 percent of customer interactions occurred over digital channels—nearly double that of 2021—proof that we are living the digital-first experience.
Our mission is central to everything we do, and the pride that comes from that every day is nothing short of inspiring. Much like the community banks we serve, ICBA is continuously evolving, growing, and building momentum.
What is the true nature of cryptoassets? Are they securities or commodities? This question, perhaps more than any other, has propelled policy debates over the past few years.
Federal banking regulators so far have approached regulating the use of artificial intelligence through the lens of existing regulations, rather than creating a new set of guidelines. But based on various regulatory announcements, there are some salient risks community banks should consider when using the technology.
To help separate fact from fiction, let’s start with a working definition of AI and related terms, before discussing a few notable use cases for community banks.
Did You Know?
Did you know that all banking related courses have an automatic reminder notice to complete the enrolled course at the 30-, 60-, and 90-day mark?
The significant upheaval in the crypto markets—and its impact on consumers and national security—has accelerated Washington’s attention to digital assets policy. Prudential banking regulators, the White House, and the Treasury Department have pursued a range of intertwining policy initiatives, all with direct consequences for the nation’s community banks.
Having trouble keeping up with all the acronyms and initialisms in the banking world? You're certainly not alone. To streamline your understanding, we've put together a handy reference guide.
I’m speaking of the municipal bond market. It is a maxim of community banking that the more munis a bank owns, the higher performing the portfolio will be.
Cybersecurity should be a foundational element of any community bank, but do you really need to be insured for it—especially as premiums rise? We spoke to experts to learn more about this type of insurance.
We (community banks) used to be the department store of financial services. From cosmetics to kitchenware, whatever you needed could be found under the same roof. So, we really didn’t mind much when, one by one, niche providers started to siphon off specific lines of business.
Remaining aware of developments in the digital assets industry is critical as crypto entities seek greater access to the traditional financial system and policymakers in Congress deliberate paths forward.
