UMB Bank’s Post

A great recognition of the #injustice too often practiced in the #bankingindustry thanks to our own Nicholas Seidel and The New York Times! (Note: paywall - requires subscription) https://lnkd.in/eeBC6GAP #banking #bankingandfinance #reentry #reentrymatters #capital #accesstocapital #secondchance #secondchances #whitecollarcrime #corporateculture #corporategovernance #riskmanagement #riskassessment #riskanalysis #riskandcompliance #risk

ridleconsultinggroup.com The Troubling Trend of Bank Account Closures A recent New York Times article highlighted an alarming trend of banks closing customer accounts without clear explanation. While banks face regulatory pressure to monitor illicit financial activities, the lack of transparency in this process can severely disrupt both individuals and businesses. Sudden account closures can wreak havoc on families and small businesses by disrupting cash flow, damaging credit, and leaving customers in limbo. However, viable solutions exist. It is essential to have contingency plans to weather the uncertainties of account closures. I invite you to visit the blog and share your perspectives on how we can best protect our finances and enterprises. With open discussions, we can find ways to prepare for shifting banking practices. For more information read our blog at: https://lnkd.in/gZZggiGc Let me know your thoughts! I welcome feedback as we collectively navigate this challenge.

3 Smart Ways to Keep Your Money Safe in 2024 https://lnkd.in/gdiDPSs8 In an ever-evolving financial landscape, safeguarding your investments has never been more crucial. Our latest article from The Globe and Mail offers three intelligent strategies to protect your finances in 2024. From diversifying your portfolio to embracing technological advancements in banking, we cover essential tips to secure your economic future. Join us in exploring how to navigate market uncertainties with confidence. Secure your financial well-being today. For more insights, click here: https://lnkd.in/eC_xaqwW #InvestmentSafety #FinancialSecurity #MoneyManagement #EconomicOutlook2024 #WealthPreservation #FinancialPlanning #MarketInsights #InvestSmart #FinancialLiteracy #SaveAndInvest

Creating Effective Financial Controls Within Your Business (via WestStar Bank): https://ow.ly/goQV50RlK2H #WestStarBank #smallbusiness #smallbiz #financialcontrols

7 Tips for Boosting Your Financial Safety - First Citizens Bank - SECURITY · SEPTEMBER 02, 2021.

Explore the threats banks face in our post-2020 financial business world — and how big or small financial institutions can leverage simple marketing techniques to rebuild consumer trust. Learn more: https://lnkd.in/gGHTEzex #financialmarketing #indianamarketing

How do you verify bank account change requests are not fraudulent? 272 votes are in during a recent webinar with finance professionals. And, the most commonly used bank control—relying on calling or emailing the supplier is...the LEAST effective. The MOST effective bank account change control is automated bank account ownership validation through integration with the banks. One of the least used. A lot of opportunity for fast improvement.

KPMG's Mutuals Banking Industry review reveals that, despite the absence of shareholder demands, Mutuals have similar challenges to the Majors: – increased threat of fraud and cyber incidents – risk and regulation – investing for the future through digitisation and modernisation – data protection – competition driving downward pressure of NIM – access to talent – new competitors. How to be nimble with significantly higher Cost:Income ratios, and less capital - will be key.

In today's fast-paced world, businesses face an ongoing challenge of protecting themselves from fraudsters and criminals who are constantly finding new ways to exploit vulnerabilities. Without a robust Know Your Customer process in place, businesses are left vulnerable to financial crime, and the consequences can be devastating. Contact us today to learn more about how we can help you safeguard your business from financial crime. https://zurl.co/iAyt

In today's fast-paced world, businesses face an ongoing challenge of protecting themselves from fraudsters and criminals who are constantly finding new ways to exploit vulnerabilities. Without a robust Know Your Customer process in place, businesses are left vulnerable to financial crime, and the consequences can be devastating. Contact us today to learn more about how we can help you safeguard your business from financial crime. https://zurl.co/iAyt