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How Banks Can Prepare for the FDIC’s Proposed Standards

LogisManager

In what is seen as a significant shift, the Proposed Standards will move away from the reliance on state law in favor of establishing governance and oversight obligations for banks. Among the areas expected to see change within compliance management of these banks will include obligations, board composition, duties, and committee structure.

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How Banks Benefit from the New Digital Operational Resilience Act

Pure Storage

How Banks Benefit from the New Digital Operational Resilience Act by Pure Storage Blog We’ve all seen how ransomware can bring businesses, local governments, and other organizations to their knees. DORA closes a critical gap in data management for banks. Banks (and other companies) built walls to protect their IT.

Banking 97
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What a 1930s Bank Robber Can Teach Financial Institutions About Ransomware

Pure Storage

Legend has it that when Willie Sutton, a notorious bank robber from the last century, was asked why he robbed banks, he responded, “That’s where the money is.” Willie Sutton didn’t rob banks at random. Willie Sutton was remarkably successful because he always zeroed in on banks with the most readily available cash and valuables.

Banking 105
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How to Take Your AI into Production without Breaking the Bank

Pure Storage

How to Take Your AI into Production without Breaking the Bank by Pure Storage Blog AI is like any other technology: The more you use it, the better and more helpful it becomes, but also, typically, the more expensive it becomes. Ideally, you planned for all these other activities from the beginning.

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Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC

LogisManager

Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC By Steven Minsky | May 5, 2023 Silicon Valley Bank (SVB) was closed by regulators and reminded us of the recession associated with Lehman Brothers and Washington Mutual Bank in 2008. ” You can outsource the activity to the vendor but not the risk.

Banking 98
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Feeding America

Disaster Zone Podcast

In our conversation we discuss their role in providing support to day-to-day food bank operations throughout the United States. The coordination that is needed by governments with state and local food banks is something that Vince emphasizes. Then, we also go into the role the organization plays in disasters.

Banking 130
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The Multiple Factors Leading to the Collapse of Silicon Valley Bank

Erwood Group

While the Bank itself bears the bulk of the responsibility for its own demise, in this article we are going to look at the multiple factors leading to the collapse of Silicon Valley Bank. Formed in 1983, Silicon Valley Bank (SVB) was founded to provide financial services to startups, venture capitalists, and technology companies.

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