ABA Banking Journal
March 25, 2022

This ABA Banking Journal newsletter is a free, twice-monthly supplement to the ABA Banking Journal magazine intended to help you stay on top of industry and policy news. You can also stay abreast of banking news by visiting aba.com/BankingJournal, home to ABA Daily Newsbytes stories, digital exclusives, the ABA Banking Journal Podcast and more.

Genetec®
Unified Security at Columbia Bank
Columbia Bank has 150 branches throughout the states of Washington, Oregon, and Idaho in the United States. To better secure the organization, the Bank decided to standardize on Genetec™ Security Center. The security team now manages over 1200 IP cameras and intrusion detection alarms across 60+ locations.
Learn more
Advertisement
Industry News
Time is running out for the Federal Reserve to make a simple but critical fix to ensure infusions of funds reach disadvantaged communities.
 
Only by providing a continually more effective digital experience—clear, well-informed, and efficient—can banks step fully into the digital future of banking.
 
At a community bank with limited staff and resources, tech transformation is all about setting priorities.
 
Data Center, Inc. (DCI)
Western Union Business Solutions
While financial services firms are “largely on track” for a successful transition away from Libor, half of them are still facing challenges related to systems and operations readiness, according to a new survey from Bloomberg.
 
Taking care to build and maintain these values drives business for banks when the future of the market is murky and consumers are navigating new challenges.
 
Since the start of the pandemic, banks have reported more sophisticated cyber attacks, said Lisa Arquette, associate director of the FDIC’s anti-money laundering and cyber fraud division.
 
Jack Henry & Associates, Inc.®
Evolve and Adapt to Your Customers' Needs With Innovative Technology
For generations, banks have remained at the center of people’s financial lives. As technology continues to progress, evolving and adapting with that technology is critical to your institution’s success. Your customers need you to understand their needs and guide them with individualized digital experiences. By doing so, you’ll not only deliver an exceptional customer experience but strengthen connections with your customers, too.
Watch the Video
Advertisement
Policy News
ABA raised concerns regarding documentation for the Treasury Department’s Emergency Capital Investment Program, a program aimed at helping community development financial institutions and minority depository institutions support access to capital in underserved communities.
 
Under a new law signed by Mississippi Gov. Tate Reeves, only FDIC-insured banks can acquire or merge with Mississippi-chartered state banks.
 
Aaron Tapp, section chief for the FBI’s financial crimes section, told financial crimes professionals that it “might be time to have a conversation” between regulators and law enforcement to discuss how financial institutions can best provide actionable information to law enforcement while meeting their regulatory obligations.
 
Wolters Kluwer Financial Services
Capco
The Federal Reserve board, FDIC, OCC and NCUA proposed to update rules governing administrative proceedings for financial institutions to allow the use of electronic communications and technology.
 
The Securities and Exchange Commission has proposed a much-anticipated set of requirements for public companies to disclose information about climate risks affecting them, their greenhouse gas footprints and any emissions-reduction plans they may have adopted.
 
Elizabeth Rosenberg, assistant secretary for terrorist financing and financial crimes at the Treasury Department, lauded the financial industry’s quick response to implement a growing list of sanctions against Russia and individuals close to President Putin, in light of the recent invasion of Ukraine.
 
U.S. Bank Cash Management Services®
Power your success with the industry leader.
You can trust our proven cash management strategies to help you achieve operational efficiency, allowing you to focus on key business initiatives. Put the power of our people to work for you with the nation’s largest and most experienced provider of cash management solutions.
Learn More
Advertisement
Training
 

 

Advertise

We would appreciate your comments or suggestions.
Your email will be kept private and confidential.