Are You Making This Common Vendor Management Mistake Observed by the FDIC?
FIs aren’t doing enough to ensure their contracts with third-party vendors sufficiently address business continuity and incident response.
3 Tips for Avoiding an Equifax-Style Breach
When one of the nation’s largest credit reporting companies reports a breach involving the private financial data of over 145 million Americans, people
7 Risks that Third-Party Vendors Pose to Your Financial Institution
In 2019, vendor risk management remains a key concern for financial institutions in the US. There’s a good reason for that! Here are...
Why Vendor Cyber Monitoring Matters
No matter how strong a financial institution’s own cyber defenses are, it’s really only as strong as its weakest vendor.
The Future of Finance: 5 Banking Trends to Watch
We’re highlighting 5 new banking trends that we believe will shape the future of banking and finance sectors.
Risk Management: Knowing When It’s Time to Start Again
How can you tell if a risk management program needs to be totally reinvented? The benefits of a complete overhaul can often outweigh the inconvenience.
How to Discover Vendor Cybersecurity Flaws Before Data Thieves Exploit Them
How do you know if a cybersecurity rating is covering all the bases? Make sure it monitors these key areas...
What Should I Do After Submitting My HMDA Data?
Here are 10 steps you need to take after filing your HMDA LAR to strengthen your Fair Lending compliance program. Plus, get the post-HMDA filing checklist!
GAO & OCC Disagree Over Risk Management
Have you felt like an examiner, auditor, or other reviewer just didn’t get you, your bank, or a program/business line? The OCC can relate.
Ncontracts Bolsters Protections for Banks and Credit Unions
Ncontracts hopes to solve the problem financial institutions have with data protection once it transitions to a vendor
Is the Absence of Risk Stunting the Next Generation of Risk Managers?
If we don’t give children the opportunity to encounter reasonable, relatively low-stakes risk, how will they be prepared for risk at the enterprise level?
Ncontracts Combines with TRUPOINT Partners to Bring Comprehensive Suite of Risk Management Solutions to Financial Institutions
Ncontracts, the leading provider of active risk management solutions for financial institutions, has acquired TRUPOINT Partners
Celebrating Abraham Lincoln's Banking Legacy: A Podcast
In honor of Abraham Lincoln's birthday and President's Day, enjoy this podcast from ABA Banking Journal celebrating Lincoln's banking impact...
Training Risk Management Heroes, Part 1: Banking on the Frontline
Frontline staff at FIs are trained to protect both the institution and its customers by identifying fishy transactions, but staff are capable of going
The Bad Guys Keep Getting Smarter. Let’s Hope Financial Institutions and Vendors Can Keep Pace.
Cyber criminals are growing increasingly clever.Just consider what happened to Tampa Bay Credit Union recently...
How to Tell if a Loan Qualifies as a CRA Small Business Loan
In this blog post, you'll learn the definition of a CRA small business loan, what is reportable, and how to figure out if your loans qualify. You'll also..
Fintech Update: Agencies Encourage Increased Regulator Oversight of Third Parties, but Will Anything Happen?
Increased risk exposure from third-party providers poses threats to the entire financial system, and banking regulatory agencies should have the ability
2019 Risk Outlook: Concentration Risk
Concentration risk is most commonly associated with lending. Looking ahead, the New York Fed is warning of a different kind of concentration risk
Is Apple Pay a Vendor?
Apple Pay is not a direct vendor. This raises an interesting question. Should financial institutions (FI) using Apple Pay have to review Apple as a vendor?
NCUA Eyes Economic Environment, Change Management & Third-Party Risk With 2019 Supervisory Priorities
The NCUA has made adjustments to its Supervisory Priorities for 2019 - emphasizing controlling risks, including a new focus on third-party risk management.
The Top 8 Internal Cybersecurity Vulnerabilities Challenging Financial Institutions
Internal vulnerabilities are the aspects of cybersecurity that your institution has direct control over. The eight most significant internal vulnerabilitie
Fast Facts: Ncontracts' Compliance Solutions vs. The Others
What does TRUPOINT do differently than other banking compliance software providers? Here are five fast facts that really make the difference.
How the Government Shutdown is Affecting Regulatory Agencies
The partial government shutdown has furloughed workers at the national parks, the Smithsonian museums, the IRS, courts, and other federal institutions, but
Your Vendor Talks Risk Management Talk, but Does It Walk the Walk?
The words “manage, mitigate, and reduce risk” from a third-party vendor are music to the ears of a risk manager. Unfortunately, talk is cheap—and legal
Inside the Life of an Information Security Officer
What’s it like to be the information security officer at a $1.5 billion-asset community bank? We chatted with one to learn more about the challenges ISO
Turf Battles and Low Morale Can Increase Risk. Just ask FinCEN.
FinCEN’s issues are just a small part of the fascinating story about how Russia tried to use backdoor channels to infiltrate Treasury. It’s also a story
A Compliance Officer's "Night Before Christmas"
We hope that this compliance-themed version of the famous holiday poem brings you joy and good cheer this season!
Holiday Gift to Bankers: Regulators Slap Down Fintech Bank Wannabe
The Robin Hood of legend is known for being above the law. Fintech firm Robinhood is learning that it is not.
Yule Shoot Your Eye Out: Classic Holiday Movie Characters That Underestimated Risk
These classic films let us enjoy a bit of nostalgia and give us a break from the holiday rush, but do they have anything to teach us about risk? I’d say ye
Business Continuity
Business continuity means planning for major disruptions in a company so that the company can continue operations.