OFFICIAL PUBLICATION OF THE MISSOURI INDEPENDENT BANKERS ASSOCIATION

October 6, 2023

Unleashing the Power of AI in Banking Empowering Bankers and Enhancing Customer Experience

In the ever-evolving world of banking, a remarkable transformation is taking place, driven by the advancements in artificial intelligence (AI). AI is not just a buzzword; it’s a game-changer that holds immense potential to revolutionize the way banks operate. In this article, we will delve into the incredible benefits of AI in banking, focusing on how it can empower bankers, streamline compliance processes and ultimately provide customers with a more personalized and exceptional experience.

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2023 MIBA PAC Honor Roll: September 1, 2023

Contributors to the MIBA Political Action Committee are recognized for their generosity on the Association’s website and at the MIBA Annual Convention and Exhibition. Different levels of contribution have been set to recognize supporters of our Political Action Committee fund and to make the Association’s membership more aware of this important facet of our work on behalf of the political agenda of community banks across Missouri.

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Can Enhanced Due Diligence Help Your Bank Avoid Cybersecurity Risk?

Just as you have to complete due diligence before you buy a home, due diligence for banking vendors can make or break a partnership. Not completing enhanced due diligence (EDD) is like buying a house sight unseen and without doing an inspection! You never know what you might find.

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Economic Uncertainty, Rising Interest Rates Challenge Banks

The U.S. banking system is sound and resilient, with strong capital and liquidity, according to the latest report on bank supervision and regulation released in May by the Federal Reserve Board of Governors.1 Nevertheless, bank supervisors are actively monitoring risks associated with credit, liquidity and interest rates. These risks have risen in 2023 because of prevailing economic conditions and uncertainty about the future path of the economy.

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Monetary Policy for the WIN: The Fed Was Battling Inflation 50 Years Ago, Too

It may be hackneyed to say that history repeats itself, but that doesn’t mean it’s untrue. Look no further than business and interest rate cycles. We’ve all seen charts and tables lately that display the confluence of short- and long-term interest rates, the relationships between fed funds and unemployment, and correlations between mortgage costs and housing prices.

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