Major Risk and Regulation Issues in 2024 and 2025: Preparing Banks for the Future

As we advance into 2024 and 2025, the banking sector faces a rapidly evolving risk and regulatory landscape. The confluence of technological advancements, geopolitical shifts, environmental concerns, and regulatory reforms necessitates a proactive approach by banks to ensure compliance and resilience. This article delves into the major risk and regulation issues on the horizon and…

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The Advance of Digital Payments in Banking: 2024 Trends and Future Prospects

The financial landscape is undergoing a significant transformation as digital payments rapidly become the norm in banking. Advancements in technology, shifting consumer behaviors, and the ongoing quest for efficiency and security have propelled digital payment solutions to the forefront of the industry. From mobile wallets to blockchain technology, the evolution of digital payments is not…

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Embracing Innovation: How Traditional Banks Can Compete in the Age of Fintech

Embracing Innovation: How Traditional Banks Can Compete in the Age of Fintech  In the rapidly evolving world of finance, the rise of financial technology (fintech) companies has disrupted traditional banking models in a big way, introducing a wave of innovation that challenges the status quo. Younger generations in particular have adopted non-traditional banking methods, with…

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Employment Tips Q&A with Toby Boeckman

2024 Employment Tips with Heitmeyer Director of Recruiting, Toby Boeckman   You have extensive experience in the recruiting industry- what does that look like? I’ve been working in the recruiting industry for over thirteen years now, about a decade of that spent overseeing recruiting teams. Currently I act as the Director of Recruiting for Heitmeyer…

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Artificial Intelligence and Banking: 6 Ways AI Will Change the Industry

The Financial Services industry demands adaptation. Generative artificial intelligence systems are revolutionizing traditional banking practices, giving early adopters a competitive advantage. As banks increasingly embrace this cutting-edge technology, the impacts on both staff and customers are profound. This blog delves into the transformative effects of generative AI on the banking industry and explores how it…

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Challenges for Small to Midsize Banks Amidst Heightened Regulatory Scrutiny 

Two gears interlocking; one with the label "regulations" and the other "compliance".

A series of bank failures in 2023 prompted bank management teams, boards, and regulatory agencies to ramp up regulatory standards of treasury risk management practices within financial institutions. Traditionally, small to midsize banks operate under less regulatory scrutiny compared to their colossal counterparts. However, these recent seismic shifts in the industry have flipped the script.…

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Basel III Endgame- Heitmeyer Q&A

What you need to know about Basel III Endgame Q&A with Heitmeyer’s Senior Director Advisory & Consulting Service, Robin Collins. Give us a quick rundown on your experience. I worked in about every area banking you can think of for 35 years. Some of my favorite areas would be leading teams in lending, engineering, project…

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Payments Hub Solutions: Why You Should Implement

Futuristic picture of a credit card and many wires leading to it and away from it.

Clarity and Consolidation Create Opportunity A singular, consolidated platform for all types of payments is no longer a pipe dream, but a reality. Banks and institutions, including the Federal Reserve, have been implementing payments hub solutions to increase their speed and efficiency, reduce costs, and adapt to customer demands and preferences. With a 360-degree view…

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FedNow® 101: Definitions, Use Cases, Value Drivers and Key Considerations for Banks Ready to Evolve

FedNow is a groundbreaking initiative by the Federal Reserve designed to revolutionize the U.S. payment system and reshape the way payments are processed. Allowing for real-time 24/7 transactions that enhance speed, efficiency, and accessibility, banks who understand FedNow’s intricacies can strategically position themselves to adapt to the changing payments landscape and unlock new avenues for…

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