OFFICIAL PUBLICATION OF THE MISSOURI INDEPENDENT BANKERS ASSOCIATION

Pub. 2 2022 Issue 6

A Close-Up Look at BHG’s Eye-Opening Loan Genealogy

I’ve spent the past two decades analyzing and developing predictive credit models for decision-making in loan originations. While it’s a passion of mine, I don’t expect everyone to spend as much time considering BHG Financial’s loan origination process as I do. Nonetheless, it’s a fascinating exercise when one considers all the science, technology, data, and

A Close-Up Look at BHG’s Eye-Opening Loan Genealogy Read More »

Fraud-Alert-Caution

Five Ways Your Financial Institution Can Stop Employees from Colluding In Fraud

What happens if two or more individuals in your financial institution collude to commit fraud? According to the Association of Certified Fraud Examiners (ACFE) 2022 Report to the Nations, fraud losses rise precipitously. The median loss for a scheme involving just one perpetrator is $57,000, but when two or more perpetrators are involved, the median

Five Ways Your Financial Institution Can Stop Employees from Colluding In Fraud Read More »

Bankers Cite Economy, Cybersecurity as Top Risks

“Cybersecurity concerns, once again, dominated a list of internal risk issues, with 65% of respondents indicating it was extremely important. Cybersecurity also ranked as a top risk in current and future technological challenges.” After several years of pandemic-related internal and external challenges, the nation’s community bankers have largely turned their focus to traditional concerns related

Bankers Cite Economy, Cybersecurity as Top Risks Read More »

MIBA PAC Honor Roll Businessman plant

2022 MIBA PAC Honor Roll

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.

2022 MIBA PAC Honor Roll Read More »

Five Ways to Fight Inflation With IT

Every business in America is dealing with the challenges of inflation. However, few think of technology as a means to help fight the impact. Below is a simple list of things every business can do to fight inflation with technology. Inventory your software/applications. Too many businesses are paying for subscriptions or maintenance on software that

Five Ways to Fight Inflation With IT Read More »

Hand-growth-arrow-symbol

Fourth Quarter Rally: Some Suggestions on How to Wrap Up 2022

The word “rally” can be used for a number of purposes and in different contexts. For instance, it could mean a long-distance auto race over varying surfaces involving stages and checkpoints. It could mean a gathering of supporters to generate enthusiasm and momentum for an individual or cause; we’ve seen plenty of these during this

Fourth Quarter Rally: Some Suggestions on How to Wrap Up 2022 Read More »

Are You Ready to Serve Missouri’s Fast-Growing Cannabis Market?

“While technology will help make your staff more efficient, you’ll also need to hire or train specialized cannabis bankers who have a deep understanding of the industry. “ A few weeks ago, Missouri voters approved a ballot measure legalizing adult-use cannabis, joining 20 other states with similar legislation. The law went into effect on December

Are You Ready to Serve Missouri’s Fast-Growing Cannabis Market? Read More »