The Mutual Bank’s Post

Following the bank failures that happened in the first half of 2023, the Federal Deposit Insurance Corp. has issued a proposal to create enforceable guidelines on corporate governance and risk management practices for banks with $10 billion or more in assets. Read this article from RSM US financial services senior analyst Brandon Koeser to learn more:

Navigate the Changing Landscape of Community Banking Real Estate! 🌐🏦 Explore key trends and risk management strategies in our latest article. https://hubs.li/Q029g1kJ0

🚨 Account Takeover Alert! 🚨 I recently experienced an incident of account takeover, where hackers gained access to my personal information after fraudulently altering my account details. 😱 This incident has highlighted the critical importance of businesses implementing robust controls before making any updates to customer or business accounts. 🛡️ Safeguarding the reputation of your business and protecting your clients' data should be top priorities. 🔑 Proper Controls = Enhanced Security 🔑 By ensuring proper controls are in place, businesses can significantly reduce the risk of account takeovers and protect their customers from falling victim to such malicious activities. This includes implementing multi-factor authentication, regular security audits, and strict verification processes for any account modifications. 🔍 Learn from My Experience 🔍 I am eagerly looking forward to meeting with the leader of this organization next week to discuss their existing processes and roadmap. Together, we will explore how my team can collaborate with them to strengthen their security measures and prevent such incidents from happening again. 💪 In case anyone missed the webinar below, take a quick view and make sure you continue to protect your client’s data and your reputation. Let's join forces and make the digital world a safer place for everyone! 🌐💙 #AccountTakeover #CyberSecurity #ProtectYourData #BusinessReputation #StaySecure #Collaboration #DigitalSafety

Our expert, Brian Holbrook, sat down with PYMNTS to share insights on the proposed Nacha amendments and the challenges of fraud prevention in the ACH Network. To explore deeper, check out the full conversation and our latest white paper: https://lseg.group/488n0Dk

📣Hot off our digital press, this month The Supervisor focuses on Liquidity risk management revisited by the FMA. As Supervisors are the frontline regulators of MIS, they have a primary responsibility for ensuring Managers are implementing effective LRM. 👩💼👨💼 With the FMA framing tasks for Fund Managers and Supervisors, it is a must-read to understand the responsibilities at hand. Read the full article on the link below 👇 https://lnkd.in/gWAfJefa

Determining your risk tolerance as a bank requires collaborating across business lines. Watch the full interview with Kyle Caldwell, SVP of Fraud Product Management at M&T Bank, to learn more about identity risk management as part of our Risky Business series. https://lnkd.in/ef4tvmJU

Banks are finding themselves at the forefront of the battle against online fraud, necessitating robust risk management strategies that align with regulatory requirements. Read more 👉 https://lttr.ai/APvK5 #Payments #FraudPrevention #ArtificialIntelligence

Wholesale payment risk - Alex Knight discusses the complex challenges #paymentrisk presents to banks and how Baton’s technology has been designed to proactively strengthen #risk management processes with robust payment controls that can be immediately instigated across all business lines and payment flows. Read the article to learn more: https://lnkd.in/gk8grNDb

Banks, insurers and other institutions are facing intensified regulatory scrutiny of their financial crime risk management programs. How can a new approach to financial crime managed services help? Learn more by reading our latest blog. https://pwc.to/3xKJuy0

💡 Our upcoming event will explore strategies that combine profitability with risk mitigation. Thriving businesses don’t just chase opportunities; they anticipate and navigate challenges. In today’s market, staying ahead means mixing foresight with agility. This event’s insights could transform our business models and decision-making. 📈 I’m excited to learn from industry leaders who excel at this balance. Their strategies could inspire our next move. 🚀 Who’s ready to transform their approach? Let's connect! #USArmy #SignalCorps #MilitaryTransition #SoftwareEngineering #ITOperations #DataAnalytics #InformationTechnology #VeteranJobs #MilitaryCommunity #CareerDevelopment #Networking #ArmyStrong #DigitalTransformation #VeteranHiring #TechJobs #Opportunity #ServiceMembers #ProfessionalGrowth #LinkedInNetworking #VeteranSupport #ArmyVeterans #YouGotThis #YouGotThis #fdmcareers #fdmvets #fdm #usmilitary #usarmy #usaf #airforce #airforceveteran #navyveteran #navylife #navy #marines #usmc #usmarines #nationalguard #reserves #fdm #fdmcareers #fdm