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Bookmark or Share- Record Retention - Bankers OnlineFDIC Quarterly Banking Profile Book Retention. 02/09/2020. I just found a hoard of FDIC Quarterly Banking Profile books. I am assuming that we have kept these over the years because no one knew how long to keep them. As a rule of thumb, I have been keeping things that I am unsure of for at least 5 years.
- What is the definition of "e-banking"? - Bankers OnlineInternet banking, sometimes called online banking, is an outgrowth of PC banking. Internet banking uses the Internet as the delivery channel by which to conduct banking activity, for example, transferring funds, paying bills, viewing checking and savings account balances, paying mortgages, and purchasing financial instruments and certificates ...
- Digital Deception: The Impact of Generative AI on Financial FraudThe emergence of deepfake-driven scams erodes confidence in digital banking and authentication systems. In response to the increase in these growing threats targeting financial institutions, FinCEN issued an alert on November 13, 2024, that included nine red flags to help banks identify these scams:
- "Push" and "Pull" Internet Account Statement DeliveryThe customer uses a unique user-id and password to sign on from a browser. Access to the core accounting system is read only, and is often through over a secure Internet/Web protocol (HTTP-S). This is a 'pull' system because the customer must take action using a browser and public Internet access to pull account information from the Bank web site.
- Authorized Signers Using Internet Banking - Bankers OnlineIf someone has access to the online account, however, they pretty much have access to everything. For that reason, I would not allow an authorized signer to have access to Internet banking unless it was at the direction of (or with the express approval of) the owner of the account, and I would document that approval for your records.
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