Discover IT-as-a-Service (ITaaS) for Comprehensive IT and Security Assistance. Explore the Features and Benefits for Institutions IT and Security Solutions.
Teaching kids about banking from a young age lays the foundation for financial independence later in life. But what is the right age to start teaching kids about money? How…
How Bank Clients Working Remotely Has Changed Banking
The Federal Reserve has always played a role in providing payment services to supplement those of private-sector providers, processing small-value transfers like recurring bill payments and direct payroll deposits.
The Federal Reserve has always played a role in providing payment services to supplement those of private-sector providers, processing small-value transfers like recurring bill payments and direct payroll deposits.
Understanding Generation Z’s Financial Needs and Preferences
As with every generation, Gen Z’s financial needs and approaches differ from their predecessors. Gen Z watched their parents struggle through the Great Recession and are now looking for opportunities…
How Banks Can Successfully Integrate With FinTech’s
Success in contemporary banking comes down to providing the best consumer experience. People’s banking expectations are higher today than they used to be due to the rapid expansion of consumer…
How Can a Core Provider Be More Helpful to Your Financial Institution?
Core banking is vital software that keeps bank systems up to date in providing the latest feature and products that customers depend on and expect. Because of the vast competition…
The computational needs of a financial institution are difficult for the human mind to fathom. Not only are there impressive numbers to keep track of, but all sorts of customer…
In order for your bank to operate smoothly, it requires accurate and precise core software. As you evaluate your current core software provider, do they provide all the elements your…
How Will Cryptocurrency Affect the Financial Industry?
As more and more online companies begin to accept cryptocurrency as a form of payment, it has both lawmakers and financial institution regulators feeling nervous. The frequent introduction of cryptocurrencies…
If a bank determines to review its core software platform, it might decide to perform a software conversion to replace it with a state-of-the-art system. A conversion can be undertaken…
Starting a credit union can seem like an overwhelming process, but it doesn’t have to be. There are simple steps to follow, and anyone can be ready to open a…
Organizing and starting your own bank is a massive undertaking for a variety of reasons, with raising capital as only being one of them. Owning and operating a bank, needless…
Most consumers and businesses have used ACH payments before, whether for recurring payments or bulk transactions. However, while many people have used these payments, they may not know what the…
Bank vs Industrial Loan Company (ILC) Charters: Which Should You Start and What Are the Differences?
When it comes to starting a financial institution, the variety of options available makes it challenging to narrow your choices. Join BMA as we look at the differences between traditional…
What Is an Online/Digital Bank and How is One Started?
What Is an Online/Digital Bank and How is One Started? As banking trends and technology continue to evolve, digital banking solutions are quickly becoming a popular option. While traditional banks…
These days, there is no shortage of options when it comes to choosing an institution for storing your cash and taking out loans. It seems as if there’s a bank…
Understanding the New Current Expected Credit Loss (CECL) Regulation
Understanding Current Expected Credit Losses (CECL) After the 2008 financial crisis, the Financial Stability Board determined that the banking industry’s failure to recognize future credit loss was compounding the disaster.…
The Factors That Influence Interest Rates An interest rate is essentially a fee for borrowing money, and it’s virtually unavoidable if an individual is looking to buy a home, car,…
Starting a bank often seems like an impossible task. In this day and age, that conception is false. With experience and modern technology, anyone with ambition has the opportunity to…
Today’s automated teller machines (ATMs) have a plethora of capabilities. Using your debit or credit card — or using contactless payment options on your smartphone — you can view your…
Most of us wonder at some point about how a bank makes a profit. How do banks make money when they provide so many free service offerings — especially ones…
There were 249 bank mergers in 2019, totaling $57.68 billion which was almost double the valuation of the previous year. The high value was a result of the merger of…
Phishing is a type of online scam that has been a constant, unfortunate accompaniment to the digital age. Research shows nearly one-third of all data breaches in 2019 involved phishing…
A credit union is a not-for-profit financial institution that is run and owned by its members, unlike a bank, which may be publicly traded or privately owned. Credit unions offer…
Financial institutions require powerful technology solutions that can keep up with ever-changing client needs. Patrons expect their banks and credit unions to offer a full suite of digital services, and…
Technology has slowly been taking over the finance industry ever since the stock market went electronic decades ago. People far and wide are investing in fintech for its time- and…
The year 2020 is something we’re used to hearing about in sci-fi movies — but the new decade is already here. Along with a fresh decade comes exciting new banking…
Before you open the doors of your De Novo Bank and start accepting customers, there are a few hurdles to overcome. One of the first ones is to create a…
Banks are rock solid investments that can, upon maturity and after prodigious legwork, yield capital appreciation and significant dividend income for investors. Financial institutions make their money through the charging…
How Small Online Banks are Changing the Financial Landscape
Today’s consumers expect to be able to do just about everything from their smartphones, and that includes managing their bank accounts. Online banks have emerged to meet the demands of…
An industrial loan company (ILC) is a financial institution within the United States that lends money, typically to consumers and small businesses. A fixed institution since 1910, the distinctive feature…
Advanced technology in the banking industry has made transactions safer, faster, and more efficient for banking staff as well as customers. Gone are the days of manually processing checks and…
Back in Black: Renewed Interest in De Novo Bank Investment
It’s been a long road, but regulatory conditions are finally more receptive to bank startups than at any time since the financial crisis struck a decade ago. Only 11 new…