JHA_HeaderImage_Blog_v2.png

Are You Ignoring Your Core?

Posted by Pete Major

Jun 20, 2018 11:00:00 AM

 

All systems require some type of regular investment (time, money, sweat, and maybe even some tears) and this is particularly true for your core system. Whether you use a service bureau or you have an in-house system, it’s easy to think that once you convert to a new system your job is done. But with any system, it’s important that you stay up to date. Things are changing at a dizzying pace in this industry and your financial institution (FI) needs to stay at the forefront. Here are some tips and tricks to help you stay current with your core.

Read More

Topics: Information Security, Risk Mitigation, Cybersecurity, software, banking, financial institution, technology, Core

CECL: Not all models are created equal…

Posted by Brad Dahlman

Jun 13, 2018 11:30:00 AM

A lot has been written about the new Current Expected Credit Loss (CECL) changes which will affect FIs in the coming years. This is one of the largest changes to FI financial reporting and credit risk management in decades and certainly warrants ongoing conversations.

Read More

Topics: Risk Mitigation, Credit Unions, Risk Management, CECL, banking

Fintech and Payments Trends to Watch in 2018

Posted by Dave Foss

Jan 17, 2018 11:00:00 AM

Financial services have recently been in the national spotlight for everything from crypto currencies to data breaches – and a lot more in between. There is a shifting focus toward an enhanced customer experience, automation and security that has ushered in many new and interesting technologies. As the industry continues to keep pace with change and disruption, financial institutions must sift through the hype and pay attention to the most impactful and relevant technology movements in order to remain competitive. Below are some areas to watch in 2018.

Read More

Topics: Financial Services Industry, Risk Mitigation, Lending

5 Emerging Game Changers in Commercial Credit Risk Management

Posted by Patrick True

Nov 8, 2017 7:00:00 AM

As the financial services industry enters 2018, technological advancements within the sector are beginning to have a significant impact on the way credit risk managers, from chief credit officers to front line lenders, handle their responsibilities. Five emerging trends are likely to reshape the business of commercial lending in the months and years ahead. Many of you are likely already seeing some of these changes in your institutions. The business of commercial lending is in the midst of a renaissance that has the ability to significantly enhance communication between lenders, their clients, and their prospective clients.

Read More

Topics: Risk Mitigation, Commercial Lending

5 Signs that Your Disaster Recovery Program Is In Trouble

Posted by Eric Flick

Jun 7, 2017 11:30:00 AM

Disaster Recovery (DR) is one of those topics that businesses, including financial institutions, don’t like to talk about with much of a recurring frequency, although recent events show that this topic should be discussed with much greater regularity. Here in my part of the country, there’s a series of TV commercials airing for a regional insurance company that provides auto, home, and life insurance. The 60-second commercials run through a flurry of activities in the character’s life, showing you just how much things can change over a couple of decades, and that hopefully, you have (or the character has) kept all insurance policies up-to-date to stay in sync with all of life’s happenings. And, it just so happens that this insurance company offers an annual review to make sure that their coverage is keeping up with your life.

For a lot of you, your DR program is viewed as insurance. In case something happens, there’s a program in place to bail you out when that bad thing happens. In today’s world, it’s really more of a question of when, not if, that bad thing will happen. (Ransomware, anyone?) But, is your insurance (DR program) potentially as outdated as an insurance policy that hasn’t been examined over the past decade?

Read More

Topics: Risk Mitigation, Data Management

Higher Rates = Happy Days?

Posted by Bill Kirsten

Feb 8, 2017 11:30:00 AM

"Happy days are here again
The skies above are clear again
So let’s sing a song of cheer again
Happy days are here again"

(From FDR’s theme song for the 1932 presidential campaign)

The Federal Reserve increased interest rates … finally! Market rates are rising too. And more are to come, so they say. Let the good times roll!

Read More

Topics: Payments, Risk Mitigation

The New Reality of Incident Response Plans

Posted by Jennifer Roland-Vlach

Jan 4, 2017 11:15:00 AM

You may have noticed 2016 was quite the busy year for IT regulatory compliance. OK, that’s probably a bit of an understatement.

Last year saw the release of Appendix E on Mobile Financial Services, the new InTrex exam format, the updated Information Security Handbook, and the promise of more to come in 2017. With this plethora of information being directed at financial institutions (FIs), I wanted to take this opportunity to highlight one particular factor that is already coming under examiner scrutiny-incident response. I have written about incident response a couple of times in the past. In fact, in my previous blog I provided some best practice items for FIs to consider in their Incident Response Plans. But with increasing attention on this subject, I think it is necessary we re-visit a couple of established incident response standards and acknowledge a new best practice.

Read More

Topics: Risk Mitigation, Data Management

Storing Data in a Mountain… So What?

Posted by Tammy Bangs

Nov 30, 2016 11:15:00 AM

It’s no secret that pirate folklore included countless tales of buried treasure. One famous pirate, Captain William Kidd, was even noted as having buried his loot off the coast of Long Island because to him, the safest place to store what was most important to him was under the ground.

Today, the same principle is being applied to many financial institutions around the world (in a more positive light this time around). Many banks and credit unions rely on their data so much that a crucial malfunction resulting in the loss of that data would be devastating to both the financial institution and their customers. In an effort to preserve their data, these FIs have opted to bury their information underground … literally!

Read More

Topics: Risk Mitigation, Data Management

How Can I Improve My Incident Response Plan?

Posted by Jennifer Roland-Vlach

Jul 6, 2016 10:05:00 AM

Incident Response Plans have been a critical component for financial institutions (FIs) for quite some time now.

The foundation was outlined as part of GLBA and guidance was later issued on the requirements for these response programs where customer information had been accessed. So this raises the question, if Incident Response Plans have been a necessity for so long, why do so many FIs continue to have ineffective plans in place? I can only speculate as to the reasons why; however, I do know that the expectations for Incident Response Plans are beginning to change. I have spoken with a number of institutions who have shared that their examiners are honing in on Incident Response Plans. With this increasing focus on plans, I want to share with you a few of the most critical pieces that I often see missing from Incident Response Plans.

Read More

Topics: Information Security, Risk Mitigation

"What Do We Do With IT?" - Why Execs and IT Must Be on the Same Page

Posted by Eric Flick

Feb 17, 2016 10:00:00 AM

I've been working with IT since high school. When I was a high school senior over 30 years ago, a small startup company named Apple was giving away computers to school corporations in an effort to interest people in learning more about their creation. I was hooked! I attended a small high school, but it still seemed odd to me even then that I was the only person really interested in this amazing piece of technology. The question kept coming up from teachers, school administrators and other students, "what do we do with it?".  

Read More

Topics: Financial Services Industry, Risk Mitigation

Subscribe to Email Updates

Untitled Document Untitled Document

Recent Posts