Community banks were happy about Governor Michelle W. Bowman taking office and becoming a member of the Board of Governors of the Federal Reserve System in November 2018. Community banks were happy because they were hoping for a bette...

Businesses today are more productive than they were ever before, largely thanks to technology. The pace of business has increased exponentially. We can see this in every industry around us. It used to take multiple days to complete ba...

Fintech companies have developed innovative AI based solutions that can help banks improve their BSA/AML compliance measures, but banks are hesitating to experiment with the new solutions. Banks are hesitant because the banking indust...

Compliance management is at the heart of any bank regardless of their size. There is a clear distinction in how compliance management is carried out in small and larger banks. Enterprises can leverage millions of dollars on their comp...

Managing vendors is a complicated task – it goes beyond simply telling them what you need and them delivering the services. What is Vendor Management? Vendor management or third party risk managment is the process through whic...

Internal operational audits are a very common occurrence in businesses. Operational audits, however, are rarer. These audits can deliver wider-ranging benefits compared to internal audits, but take more effort to carry out, which is a...