Berry Dunn McNeil & Parker CPA's LLC
Downtown - Portland:
Fraud Update for Financial Institutions: How to Mitigate the Damage
In the years since the fall of Enron, WorldCom, and Global Crossing, we have become abundantly aware of the risks of fraud in organizations of all sizes and industries. Like all potential threats, the risks change over time. Monitoring these changes and proactively addressing them can be a challenge, even while it can make a critical difference in averting or mitigating damage. To support that effort, the Association of Certified Fraud Examiners (ACFE), the world’s largest anti-fraud organization, releases a biennial Report to…
Financial literacy law takes effect
A new law took effect Oct. 9 requiring high schools to add coursework in personal finance to social studies curricula.
Earning a Clean Bill of Financial Health
Talk to consumers about their life events, and people will listen People want to be healthy. We meditate and spend money on gym memberships and fresh-pressed juices. We want work-life balance to make time for friends and family. But when it comes to our financial health, are we dedicating as much time, attention and resources as we should? Recent results from the Expectations & Experiences: Household…
How Financial Institutions Use Predictive Analytics to Detect Credit Card Fraud
Despite the introduction of more secure chip technology, credit card fraud is still one of the biggest concerns of banks and credit card companies. After all, fraudsters continually change their tactics to get around …
5 useful tips to protect your financial institution from cyber attacks
Everyone knows that fraud, in all its forms, is expensive. According to the Association of Certified Fraud Examiners, the typical organization loses 5% of its revenue any given year to fraud. Assuming you don’t want to hand over 5% of your financial institution’s revenue to fraudsters each year, here are some tips to tighten your electronic controls …
Are you ready to take a stand? Three ways financial institutions can leverage social media to...
Is it time for your financial institution to take a stand? Many credit unions give generously to local nonprofits, but it is one thing to support local high schools and quite another to rally against education funding cuts. According to a 2015 study, 91% of Millennials say they would switch brands to one associated with …
How financial institutions can improve banking for Hispanic millennials
Millennials should be the focal point of any financial institution’s marketing strategy in today’s world. They’re the consumers at the brink of starting families (if they haven’t already), buying a home and setting up their long-term savings and retirement plans. Hispanic Millennials specifically should be no different — they represented a quarter of all American […]
First National Bank Awarded Strongest Financial Institution Rating from Bauer Financial
First National Bank stands strong in the current environment while many financial institutions are faltering. You don’t have to take their word fo
Financial institutions funding strategy during COVID-19
The stress testing financial institutions perform on a regular basis, which seemed like just an academic exercise until COVID-19, is even more important now as they assess how much they can really handle.
Outstanding Financial Leadership Roles
Your Search Ends When Ours Begins. Bringing Great People And Great Companies Together since 1981 Outstanding Financial Leadership Roles Angott Search Group is pleased to announce that we have partnered with several long-standing financial institutions throughout the state of Michigan. We are conducting the following searches for these organizations: 1) Chief Financial Officer 10+ years of experience in a senior financial position, with extensive administrative experience…
Is SaaS the right solution for all financial institutions?
If you manage a financial institution then you will know that your IT is the backbone of your business. Your clients come to you for your financial expertise but it is your IT systems that allow you to translate that expertise into practical solutions for your clients. For many firms managing those IT systems is a significant problem. Not many small finance companies can afford to employ dedicated IT personnel to check that their software is kept up to date, that their data…
A guide to measuring your credit union's community impact
In the 21st century, it’s no longer sufficient to be known simply as a financial institution. Credit unions and other financial institutions must actively demonstrate how they give back to their local communities and why consumers should trust their financial business to them. That’s where impact measurements come in. What is community impact? For many, […]
Complete conversational AI solution keeps eluding financial institutions
Conversational artificial intelligence has gotten a lot of buzz lately, and for good reason. As lockdowns closed financial institution branches and pushed banking online, usage of chatbots and virtual agents soared. Bank of America’s AI financial assistant “Erica,” for example, gained one million users from March through May. A free chatbot available in the BofA […]
