Guaranty Bank & Trust’s Post

Where you choose to bank matters. As a CDFI, we bridge federal resources with private capital to uplift underserved communities, creating opportunities and vibrant futures. 🎥 Watch our video to see how we’re making a difference—together. https://lnkd.in/d9nmgh5 #MissionDrivenBanking #CommunityImpact #CDFI

In today's rapidly evolving digital landscape, the adoption of digital transactions in Nepal is both an exciting opportunity and a significant challenge. With increasing reliance on mobile banking /E- wallets applications, it's crucial to address cybersecurity threats with utmost vigilance. Awareness among users and the hyper-activeness of fraudsters both play pivotal roles in the cybersecurity challenges we face. As the saying goes, even a small hole is sufficient to sink a boat; similarly, every small vulnerability and threat needs to be dealt with cautiously and collectively. Our thriving payment ecosystem necessitates broader collaboration among all stakeholders. The Nepal Rastra Bank (NRB) has rightly identified potential challenges and directed payment enablers to solidify their stance by complying with the Cyber Resilience Guidelines. We see that Banks and Financial Institutions (BFIs) are not only increasing their investments in security measures but also heightening awareness activities, an excellent move towards making our payment ecosystem secure, robust, and resilient. In line with this, Machhapuchchhre Bank Limited in partnership with F1 Soft, we have decided to implement a security measure by blocking access to M-Smart via free VPNs. Though a small step, we see this step is critical to ensuring that our users' financial data remains protected against unauthorized access and potential cyber threats. Let's continue to work together to build a secure and resilient digital payment ecosystem in Nepal. #CyberSecurity #DigitalBanking #Nepal #M-Smart #MachhapuchchhreBank #CyberResilience

"During your tenure as Chairman of the FDIC, the agency has systematically changed its posture towards innovation, both programmatically and in practice. As noted in our previous letter to you, AFC was supportive of the innovation goals set forth in FDIC’s current strategic plan and the efforts of its FDITech Office. However, over the past two years your agency has deprioritized and defunded these innovation efforts in favor of pursuing policies and activities that stymie innovation and put undue burden on community banks seeking to remain viable through the use of responsible technology. While your agency has not issued public guidance or other statements explicitly admonishing or limiting banks from engaging in partnerships with fintech companies we have identified a distinct 'regulation by enforcement' approach from the FDIC." #FDIC #fintech #innovation #banking #bankregulation

An internal database will help FDIC examiners track third parties that work with banks, and anticipate potential vulnerabilities before they become a problem https://lnkd.in/dZdQMBUn Federal Deposit Insurance Corporation (FDIC) I Synapse I Reserve Bank of India (RBI) I Anuradha P I #FIAKS #breakout #moment #update #fintechs #banks #tracking Join FIAKS Community https://bit.ly/3WcTLMF

In a decisive move to safeguard depositors and stabilize the regional banking sector, the FDIC has seized Republic First Bancorp, a Philadelphia-based lender struggling with financial instability. The bank's operations, including all assets and $4Bn in deposits, have been transferred to Fulton Bank. This transition, costing the FDIC's fund an estimated $667Mn, nearly doubles Fulton's footprint in Philadelphia, signaling a bold step towards greater regional stability. As Republic Bank's branches prepare to reopen under Fulton’s name, this pivotal action underscores the ongoing challenges and regulatory responses shaping the U.S. banking industry's future. #republicbank #FDCI #qf #quantumfinserv #follow

Miguel Ribeiro da Silva, Director of the Anti-Fraud and Disputes Department at SIBS, attended the event organized by the European Payment Institutions Federation (EPIF), as a participant in the panel discussion on authorized push payment fraud and impersonation fraud, with over 100 participants. 🤝 At SIBS, we are committed to combat payment fraud. With #SIBSPAYWATCH we detect, prevent and neutralize fraud attempts, as well as acting in the recovery process for customers who have been the target of fraud or payment exceptions. Our mission is to be a benchmark for keeping payments safe, simple and reliable, and to avoid the risk of financial loss for all participants in the payments ecosystem. 💳🔐 Thanks to the EPIF for the invitation and for promoting the discussion of such important issues for the payments sector in Europe. #SIBSistrust #SIBSisinnovation #SIBSisexcellence #SIBSisintegrity

If you work for Independent Bank, it's likely that #BeTheDifferenceDay is one of your favorite days of the year. Here's what our team is looking forward to most for this year's BTDD.

Coastal has joined the ranks in the prestigious ‘Bank Honor Roll’ list! KBW, a leading specialist investment bank to the financial services and fintech sectors, recently named Coastal as one of the top 18 U.S. banking institutions to the coveted 2024 KBW Bank Honor Roll. These 18 elite banks were selected to the KBW Bank Honor Roll based on two central criteria: 1. Consistent earnings growth over the past 10 years 2. Or top 5% Earnings Per Share & Growth Rate over the past 10 years. Only two banks, including Coastal, satisfied both criteria! Details here --> https://lnkd.in/gcumJivD #banking #bankinvesting #topbanks #growingbanks #communitybanking #profitability

The FDIC insures an account up to $250,000; but if your needs are more substantial, talk to us about the benefits of Insured Cash Sweeps. ICS has been around since 2010. They automate the sweep process to provide FDIC insurance for liquid operating account up to $125 million – all through a single banking relationship. In person or online, First American State Bank has the solutions you need to manage your money safely, securely and without worry. Visit us for more information. #FASB #FASBank #FirstAmericanStateBank #LocalBank #ICS #IntraFi #125MillionDollarCoverage #FDICInsured

You see it with banks all the time – Member FDIC But what does FDIC stand for? What is it? And what does it do? FDIC stands for the Federal Deposit Insurance Corporation. The FDIC is an independent federal agency insuring deposits in U.S. banks and thrifts in the event of bank failures. The primary purpose of the FDIC is to prevent "run on the bank" scenarios, which devastated many banks during the Great Depression. In case of bank failure, the FDIC insures deposits up to $250,000 per depositor as long as the institution is a member firm. Meaning, if you have $200k in a savings account and $100k in a CD, you have $50k that is uninsured. #communitybank #memberfdic #fdic #financialiteracy #themoreyouknow #banklocal