Finance

FDIC Seeks Comment on Banking Technology Certification Proposal

Jul24,2020

The Federal Deposit Insurance Corporation (FDIC) is seeking the public’s input on the potential for a public/private standard-setting partnership and voluntary certification program to promote the efficient and effective adoption of innovative technologies at FDIC-supervised financial institutions. Given rapid technological developments and evolving consumer behavior, this public/private partnership model program has the potential to help […]

Federal Reserve Launches Expanded Main Street Lending Program

Jun16,2020

By NJBIA

The Federal Reserve yesterday launched its expanded Main Street Lending Program through the Federal Reserve Bank of Boston to provide another level of assistance to help small and medium-size businesses weather the coronavirus pandemic. The Main Street lender portal is now open for lender registration, and the Main Street Lending Program Forms and Agreements are now available. […]

SBA’s ‘Money Smart for Small Business’ Curriculum Updated

Jan31,2020

By NJBIA

The U.S. Small Business Administration and the Federal Deposit Insurance Corporation have released two updates to the popular Money Smart for Small Business curriculum. The updated modules focus on banking and credit. They are available for SBA Resource Partners, financial institutions and economic development organizations to help train entrepreneurs and small business owners. Money Smart for Small Business is an […]

Despite Savings, Executives Resist Automating Finance Departments

Oct09,2019

By NJBIA

Finance departments can save their teams from 25,000 hours of avoidable rework caused by human errors by deploying robotic process automation (RPA) in their financial reporting processes, according to Gartner, Inc. Currently, fewer than one-third of finance departments that have deployed RPA have utilized the technology for financial reporting, leaving major efficiency gains on the […]

Finance

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