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Risk Management

Chicken Little and the Economy

By KC Mathews and Eric Kelley

Chicken Little would have been a terrible economist. She was hit on the head by a falling acorn and immediately declared “the sky is falling.” Perhaps a bit more analysis should have been conducted since the sky, in fact, was not falling.

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Bots Can Boost Banks’ Efficiency — But Watch for Pitfalls

Robotic process automation offers many benefits for financial institutions, but you need to prepare before you jump in.

By Jason Chorlins and Roberto Valdez

Robotic process automation (RPA) is quickly being adopted in the banking industry, trickling down from the biggest players to community banks and online-only startups whose customers may not have traditional accounts. Before you dive in, gain a better understanding of the many ways bots are being used in banking, the future potential, and the implementation considerations you shouldn’t overlook.

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Case Study: Planters Bank Boosts Security with Managed Detection and Response

By Bruce McClure

In today’s evolving threat landscape banks face considerable pressure to improve security and meet compliance obligations while also controlling costs. This is certainly the case at Planters Bank, an FDIC-insured community bank with 13 locations across Kentucky and Tennessee. With assets totaling more than $1 billion, Planters Bank offers a wide range of consumer and business banking services, but the organization must continually adopt a forward-thinking mindset to deliver innovative yet secure financial services.

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Managing Risk Throughout the Lending Lifecycle

By Suzanne Konstance

“Disruption” is the hot trend of the moment. It seems every industry, whether commercial or consumer, has an individual, company or technology that promises vast improvements via the disruption of existing practices. The truth is that disruption is constant, and in the banking sector, automation actually led to the disruption of consumer and retail banking some time ago. As a result, big changes are now cascading into other areas of banking.

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The Intersection of Banking and Identity Theft Restoration

By Donna Parent

In a recent 60 Minutes interview, Jay Powell, Chair of the Federal Reserve, stated that cyber risk is the largest threat to the Fed and to financial institutions throughout the U.S. It’s not difficult to understand why. Today’s digital age, paired with the ongoing development of new technologies, have provided a breeding ground for cybercriminals to capitalize upon, across physical and mobile devices.

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