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In: *Connecting the Dots Blog*, Success

Moving over to the financial sector and connecting with the Chief Operating Officer for Cornhusker Bank, Steve Lindgren! Financial institutions and their customers continue to be defrauded by increased incidents of account takeover, ACH and wire fraud incidents that have led to the theft of millions of dollars. So, how can institutions meet new requirements and improve their abilities to prevent fraud and detect and respond to suspicious activities? Cornhusker Bank has been utilizing Awareity’s TIPS platform for over 9 years and continues to evolve and take advantage of all the system has to offer. They are leading the way and allowing all bank employeesRead More →

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In: *Connecting the Dots Blog*, Business Continuity, Regulatory Compliance, Risk Management

Yes, I admit it…I was surfing the FDIC web site this past weekend and I was spending some time reviewing past Financial Institution Letters that the FDIC releases to advise the banking industry of supervisory changes and guidelines. I came across a Financial Institution Letter for Newly Insured FDIC-Supervised Depository Institutions that included the new changes, as well as a list of common elements from troubled or failed institutions. The list offers some potential lessons learned for organizational leaders (board of directors, executive management, compliance and others) and so I thought I would share the list. Rapid growth Over-reliance on volatile funding, including brokered depositsRead More →