Whether offering solutions that automatically track and analyze customers’ spending habits, utilizing time-saving cloud technologies, deftly refinancing agricultural loans that help farm customers invest in drones, or supporting one-of-a-kind businesses that serve unique market segments, community banks are critical partners to their customer’s success.
With traditional backup and recovery systems at risk of compromise in the event of a malware attack on IT systems, ICBA helped found the Sheltered Harbor initiative to protect against cybercrime.
AI technology is growing exponentially. While it can bring many advantages to community banks, some bankers may have concerns about possible security issues. So, why take the risk if your bank is performing well?
Did You Know?
Did you know it is renewal time for Standard Plan, Custom Plan, and Bank Compliance Bundle subscribers? You should have already received invoices via mail and email.
Sixty percent of all fintech startups are intersecting with the payments space in some manner. Increasingly, they’re partnering with banks or targeting their offerings directly to support community bank operations. Cue the rise of the banking- and payments-as-a-service relationship as exhibit A.
Innovation, like time, is constantly moving forward, which is why even before we wrapped up our 2023 ICBA ThinkTECH Accelerator program, plans were well underway for the first of three ICBA ThinkTECH Solutions Forums this year.
A lot has changed in the 15 years that Fannie Mae and Freddie Mac have been in federal conservatorship, including a restoration of the health of the mortgage market and the financial strength of these housing-focused enterprises. What hasn’t changed is the need for the federal government to follow established law and ensure its conservatorship of Fannie and Freddie is temporary.
“I think when you’re looking to buy any kind of a product, a data product,” says Kim Snyder, CEO of the fintech KlariVis, “you need to make sure that the vendor that you’re purchasing it from understands your industry and understands how that technology is going to be utilized in your industry.”
FedNow launched on July 20—with eager anticipation from the payments industry. But in the past month, we’ve not heard much about transaction volume, use cases, or user experiences. Fortunately, our senior vice president of payments industry relations, Nick Denning, has been following FedNow closely and shared with me his insider’s view on where things stand for FedNow and community banks.
Our objective to raise awareness and elevate perception of community banks is central to everything we do – and as we monitor the campaign and optimize for efficiency and performance, we want to be sure we are sharing our learnings with our members along the way.
If your responsibilities include your community bank’s bond portfolio, you’ve been confounded by several elements of its performance in the last 18 months.
On June 6, 2023, the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and the Office of the Comptroller of the Currency(collectively, the “Agencies”) issued final guidance on managing risks associated with third-party relationships, including relationships with fintechs.
With your ICBA Bank Director Program subscription you have access to attorneys from Jackson Lewis and Gerrish Smith Tuck for help with your employment law and corporate governance questions.
As part of our ongoing effort to share our learnings for the benefit of our members, we hosted a webinar this month showcasing some of our market research findings that have guided our journey thus far.
It’s been an exciting week at ICBA. After months of behind-the-scenes work to fulfill our vision of building an online national professional network exclusively for community bankers, our ICBA Community officially launched July 11. The numbers speak to its overwhelming reception by ICBA members.
“You can go anywhere and get a loan,” says Dan Schopp, president and CEO of First Security Bank in Mackinaw, Ill. “I always say we don't want to be an ATM— just dollar dispensers. The biggest challenge is showing your customer, what value am I adding to you or your operation?”
We urged the FDIC to finalize the rule as proposed and applauded the agency for using an assessment base that will result in no special assessments for any community bank with less than $5 billion in assets.
