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PPP is Not a Free Lunch for Banks

During the post-prohibition era in the 1930s, bars offered free lunches to their patrons to get them to buy drinks. 40 years later, Milton Friedman famously summed up the study of economics with the quip – “There is no such thing as a free lunch” or TINSTAFL for short.  Now, 50 years later bankers and borrowers alike are recalling TINSTAFL in looking at PPP.

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Topics: banking, banking regulation, fintech, Comminity Banks, risk management, PPP, paycheck protection

Should Community Banks and Credit Unions Worry About Blockchain?

 

There is more hype, discussion and disagreement about Blockchain than any other technology impacting financial services today.

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Topics: banking, banking regulation, bitcoin, fintech, regtech, community banking, blockchain

Fintech in 2017: Risk management takes center stage

A day in the life of the gentleman banker was once described by the 3-6-3 rule – accept deposits at three percent, loan money at six percent and tee off at the golf course at 3 p.m. The financial services industry can rightfully state that it has come a long way since then. It has implemented technological innovation and managed risk in a constantly changing economic environment over several decades. The gentleman banker has since evolved into a sophisticated financial risk manager who works within a complex framework of rules and regulations with tens of trillions of dollars of assets under management. 

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Topics: big data, banking, AML, fintech, regtech, regulation, machine learning, money laundering, risk management

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