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BAI Launches New Compliance Training Solutions for Nonbank Financial Service Providers

Chicago-based BAI, an independent nonprofit that seeks to deliver the financial services industry’s most actionable insights, announced a new compliance training curriculum for nonbanks. This self-paced training courseware of more than 100 courses helps financial services leaders navigate new compliance regulations through tailored learning programs that provide real-world scenarios and context to lessons.

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Vendor Management Is Risk Management

Just because you outsource it, you’re still responsible for it. — Terry Ammons

By Alaina Webster

At a time when more and more financial institutions are outsourcing pieces of their operations, good vendor management has become crucial to success. From improving the bottom line to staying in the good graces of regulators, staying on top of vendor services and understanding the vulnerabilities they present is a key challenge.

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Emerging Core Provider Gains ABA Investment

The American Bankers Association recently announced a direct investment in Finxact, an emerging technology company that offers an innovative, open core banking platform for financial institutions. The investment in Finxact reflects ABA’s commitment to ensuring that member banks have the technology and tools they need to make the transition to banking’s digital future, according to a release from the organization. The association’s board of directors, acting on a recommendation by ABA’s Venture Investment Committee, approved the investment.

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Strategic Funding Source Is Now Kapitus: Unites Funding Arm, Servicing Arm

Strategic Funding Source, a veteran of the small and medium-sized business alternative lending space, announced the launch of a new corporate brand identity, including a new name. As part of this rebrand, the funding division and servicing division will be united under the name Kapitus. The unification of these two divisions will allow for an improved experience for both clients and partners.

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Banker’s Toolbox, Sageworks, MainStreet Technologies Merge to Form Abrigo

Banker’s Toolbox, which acquired MainStreet Technologies and Sageworks in 2018, announced that it is now Abrigo. The rebrand marks the next step in the company’s continued journey toward the goal of becoming the technology platform partner of choice for America’s community financial institutions.

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