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Alaina Webster - Page 2

Deposits, Politics, Tech: MBA’s Executives Consider 2019

By Bill Poquette and Alaina Webster

Liquidity is a top concern of both bankers and their regulators. As such it occupied a prominent spot on the program for the Missouri Bankers Association’s recent Executive Management Conference. As one of the leadoff speakers for the Dec. 5-7, 2018 meeting in Kansas City succinctly described the situation, loan growth continues to outpace deposit growth, and banks have shifted cash flows from investments into loans.

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Thinking Outside the Black Box

Why AI in AML makes sense.

By Alaina Webster

Recently, federal regulatory agencies issued a joint statement that, boiled down, encourages financial institutions to take advantage of the possibilities artificial intelligence (among other new technologies) might offer banks in meeting their Bank Secrecy Act/anti-money laundering compliance requirements.

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Will the Fed’s Move Toward Faster Payments Keep Pace With Industry Needs?

In late October, the Federal Reserve Bank of Kansas City hosted the first of what will eventually be 12 town hall-style meetings at its district banks throughout the U.S. The purpose of these meetings: to introduce financial industry types to two proposals for central bank involvement in faster, real-time payments and gauge their reactions.

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Young Employees Want Banks to Bring the “Sexy” Back

By Alaina Webster, Managing Editor 

While attending BAI Beacon in Orlando, Fla., I had the privilege of speaking with three members of the organization’s “Emerging Leaders” program, individuals handpicked by BAI as being among the best new talent to enter the financial sector. Having been selected in previous years, these Leaders now serve as advisors to incoming participants. All three hold various positions at financial institutions of all sizes across the country, but they were uniform in their passion for the industry. Moreover, they did not hold back when it came to discussing what’s missing as banks and credit unions struggle to attract younger employees in a tight labor market.

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Meet New England’s 125-Year-Old Startup

How Belmont Savings Bank increased year-over-year earnings by more than 50 percent — without acquisitions.

By Alaina Webster, Managing Editor

Learning that his community-focused Belmont Savings Bank was listed in Fortune magazine’s 2017 list of “100 Fastest Growing Companies” came as something of a shock for President and CEO Robert “Bob” Mahoney.

“I said, ‘Oh, really? The fastest growing 100 companies in New England?’”

No, Fortune’s representative corrected him, “This is the fastest growing 100 companies in America … You’re number 41.” (What’s more, the bank recently made the list again in 2018.)

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