JHA_HeaderImage_Blog_v6

Comparing Clouds: Is A Private Cloud Environment a Better Choice than Public for Hosting Your Infrastructure?

Posted by Sebastian Fazzino

Wed, Dec 04, 2019 @ 09:56 AM

Cyber threats are becoming increasingly sophisticated, complex and pervasive, leaving financial institution (FI) and consumer data more vulnerable than ever before. As risk proliferates, it is no longer a question of if an attack will happen, but rather when fraudsters will strike. FIs, as a result, are challenged to keep up with evolving cybersecurity initiatives, IT regulatory compliance demands, and critical disaster preparedness issues – all while staying within budget and focusing on other significant priorities, such as lending and deposit growth.

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Topics: Financial Institution, Cybersecurity, Risk/Fraud

The Seven Deadly Sins of Credit Management

Posted by Patrick True

Fri, Nov 15, 2019 @ 08:30 AM

Most of us have heard of the seven deadly sins, but did you know there are also seven potentially damaging actions or inactions that can lead to credit loss? Lenders of all types should consider this list throughout every stage of the loan cycle and for all types of credit. These sins can show up at any time. While in some cases they are the primary cause of a credit loss, they are more likely what causes a loss to be greater than it otherwise would have been had the situation been handled differently. As you begin the new year, consider an open discussion with your consumer and commercial lending staff to ensure no one commits the seven deadly sins of credit management.

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Topics: Commercial Lending, Risk/Fraud

Liquidity Concerns on the Horizon?

Posted by Brandon Baker

Wed, Nov 13, 2019 @ 10:01 AM

My seven year-old son wanted a really scary costume for Halloween this year. Naturally, I suggested one of the scariest things I could think of: a liquidity crisis! Can you imagine the terrified looks on the faces of the other children when they saw all the red numbers indicating that funding sources weren’t going to meet the funding needs? Oh, the horror!

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Topics: Data Management, Risk/Fraud, Data and Analytics

Security Risk Assessments – A Balance of Risk and Controls

Posted by Viviana Campanaro

Wed, Nov 06, 2019 @ 09:29 AM

Risk – the possibility that something undesirable will occur – is always around us. And we make decisions based around risk every day, from the moment we take our first step, ride our first bike, drive our first car, or buy our first home. These types of risks are usually common and easily understood. As such, we have health insurance in case we get sick or injured, wear helmets on our bikes, wear seatbelts in our cars, and install alarm systems in our homes, all to reduce the risks around us. We understand that we can choose to either accept, transfer, or avoid the risks.

The way we manage security risk within the financial industry is similar, and yet, we often have difficulty doing it efficiently. Risk assessments can make us groan and very seldom make us happy, mostly because there are different types of assessments used to manage different types of risk. We check the compliance box, but don’t always have a complete picture of the issues that could result in a significant breach at the FI. So, how do we bridge the gap between business and security risk?

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Topics: Financial Institution, Cybersecurity, Risk/Fraud

Fintechs and Risk Management

Posted by Craig Laures

Wed, Sep 18, 2019 @ 10:00 AM

Fintech providers play an important role in the financial services industry. Banks and credit unions rely heavily on fintechs to sustain compliant efficient operations, process payments and other data, protect information and deliver service to customers in a variety of ways. Partnerships with fintechs offer expertise you may not otherwise have the resources to acquire. Thus, the reward for engaging with trusted providers. On the other side of the reward equation is risk inherent with third-party relationships.

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Topics: Fintech, Partnership, Community Banks, Risk/Fraud

Exploring the Natural Evolution of Commercial Lines of Credit

Posted by Paul McCulloch

Fri, Sep 06, 2019 @ 11:00 AM

The commercial line of credit is evolving, for two reasons. First, because it’s time. Second, because it can. The current expansion of the U.S. economy has now become the longest in our history. As we move further into the economic cycle and a period of slower growth, it will become necessary for financial institutions to more closely monitor the condition of their business clients as well as their primary sources of repayment. Fortunately, this is coming at a time when the evolution of financial technology and data analysis has opened the door to affordable and efficient methods of doing just that. This opportunity has begun to be realized as big data organizations start merging their technology with commercial loan monitoring systems.

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Topics: Commercial Lending, Risk/Fraud, Data and Analytics

When It Comes to Resiliency, Can You Handle The Truth?

Posted by Eric Flick

Wed, Sep 04, 2019 @ 11:00 AM

I love movies. One of my favorites is A Few Good Men starring Jack Nicholson and Tom Cruise. In the movie’s climactic scene, Cruise, a military lawyer, demands the truth from Nicholson’s Col. Jessup character. In what has become one of Nicholson’s most famous movie lines, he intensely blurts out, “you can’t handle the truth!” In my 30+ years of working with technology, most of it around the financial services industry, I often find this statement bouncing around in the back of my mind as I’m talking with IT professionals.

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Topics: Financial Institution, Information Security, Future Ready, Risk/Fraud

Data Analytics: What's the Hype About?

Posted by Jennifer Geis

Tue, Feb 05, 2019 @ 11:00 AM

 

There is no doubt that we live in a world full of data, and it’s multiplying at astounding rates. With the advent of the internet and our love affair with social media, the amount of data is increasing like never before. It is shocking if you stop to think about how much data is being created every minute of each day. From streaming videos, social media posts, online searches, emails and texts, to banking and payment transactions, the examples go on and on.

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Topics: Data Management, Community Banks, FI Operations, Risk/Fraud, Data and Analytics

False Positives are Positively Costing You Money

Posted by Tammy Bangs

Wed, Dec 12, 2018 @ 11:00 AM

 

I visit with a lot of BSA and Risk officers in my role as sales engineer for our financial crimes solutions.  And let me tell you something … I hear a lot about false positives. I have heard folks in our industry call these the bane of their existence. Whether it’s with sanctions screenings, AML, card processing or any other type of fraud, getting too many false positives is a bigger risk for your institution than you may realize.

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Topics: Credit Unions, Financial Institution, Digital and Community Banking, Community Banks, FI Operations, Risk/Fraud

Crushing the Compliance Burden with Artificial Intelligence

Posted by Hannah Day

Wed, Nov 28, 2018 @ 11:00 AM

 

Fraudster tactics that target financial institutions (FIs) continue to evolve at a dizzying pace. Compliance departments are being brought to a breaking point as they work to sort through the mountain of transactions, data, and false positives each day. Compliance staff employees at FIs large and small are looking for a solution to bring efficiencies to the FI in an effort to save time, money, and ensure they protect their end users against fraud. Artificial intelligence (AI) may just be the solution they are searching for.

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Topics: Compliance, Information Security, Future Ready, Risk/Fraud

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