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Imagine you were put in charge of billions of customer dollars, but you lost them. Congratulations, you are a decision-maker at Silicon Valley Bank. SVB’s inability to manage both interest rate risk and liquidity risk sent them into a painful…
Account takeover, business email compromise, and impersonation fraud. Each of these terms describes a threat to financial institutions described in a joint paper published by Nacha and the Global Resilience Federation. Financial institutions should care because Nacha, or the National…
When you initiate an electronic transaction using the Automated Clearing House (ACH), you assume it’s complete as soon as the information in your electronic system is sent off into the World Wide Web. However, ACH does not guarantee instantaneously settled…
Small regional banks and large investment banks alike face capital risk. Similar forces drive both risk networks, but robust tools and preparation can help finance professionals predict their interactions, regardless of bank size. Aims at such preparation arrive in the…
Financial headlines spell out the importance of treasury management, sometimes with cautionary stories about treasury mismanagement. The treasury management role is not only crucial for big commercial banks but also for small banks and the startups that do business with…
What are your pronouns? A loaded, controversial question for some, it’s a cue that their own gender identity will be respected by others. In banking, this seemingly political question still matters. That’s because banks are essential tools for creating equitable…
Risk management was not born from the Wild West world of crypto, but it still applies. Some people are learning that the hard way. Sam Bankman-Fried, for example, lost billions for himself and his customers. The former FTX CEO told…
It’s about being in the right place at the right time. It’s not top secret, but it’s close. Just like that, a bank professional becomes an espiocrat’s ally. When you’re in banking long enough, you could easily find yourself in…
The cash is filthy. In the hands of criminals, money laundering seems like an easy fix for ill-gotten gains. A few deposits and strategic moves could clean up untold sums of cash, making it ready to use for such dark…
When a business owner wants to pay his workforce regularly, there’s a digital network for that. If the federal government issues a stimulus directly to American bank accounts, interest is paid on investments, or dividends are received by shareholders, there’s…