CSI News Archives

Making it SAFE to bank the marijuana industry

Making it SAFE to bank the marijuana industry

Will Proposed Legislation Change the Risk Calculus for Financial Institutions? As states continue to legalize medical and recreational marijuana, pressure is mounting on both marijuana-related businesses (MRBs) and financial institutions due to current federal restrictions. [...]

5 important takeaways from OFAC’s framework

5 important takeaways from OFAC’s framework

Recently, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) published “A Framework for OFAC Compliance Commitments” to help organizations take a risk-based approach to developing a sanctions compliance program ([...]

Sifting through the CECL noise

Sifting through the CECL noise

The Current Expected Credit Loss (CECL) standard has been a contentious subject since the Financial Accounting Standards Board (FASB) issued it in 2016. Recently, the debate has heated up with FASB, Congress, federal financial regulatory [...]

The complete ISP checklist for financial institutions

The complete ISP checklist for financial institutions

Fast, dependable and secure internet service is a necessity for every business. But for financial institutions, simply deploying dedicated high-speed access from a typical Internet Service Provider (ISP) and calling it a day is not [...]

The benefits of APIs in sanctions screening

The benefits of APIs in sanctions screening

As technology becomes more sophisticated and continues to influence the way organizations conduct business, the need for efficient and dependable watch list screening increases exponentially. For companies caught dealing with a blocked entity on the [...]

Your 7-step guide to a digital account-opening system

Your 7-step guide to a digital account-opening system

Competition in the financial sector is fierce—not only from other banks, but also from the likes of Amazon, Apple and Google. These behemoths of technology—and, more importantly, the customer experience—are all looking [...]

8 tips for improving your IT policies

8 tips for improving your IT policies

“Cybercrime is relentless, undiminished, and unlikely to stop.” This dire statement from the 2018 McAfee Economic Impact of Cybercrime report cannot be ignored. The study, conducted in association with the Center for Strategic and International [...]

Video: CSI Banking Priorities Executive Report 2019

Video: CSI Banking Priorities Executive Report 2019

What will rise as the hot-button issue for bankers in 2019? To find out, CSI polled 220 executives at U.S. financial institutions across the country, asking questions that uncover the strategies and issues they [...]