We've got big things happening at Continuity this week! First up, moving this blog to its new home on our newly launched revamped website!
Please stop by and let us know what you think of our new online digs!
We've moved!
Compliance Comic #3: Securing the Riches
A little Friday Fun
for banking Compliance officers and CEOs
Anti-Virus Policy: Free Policy Tuesday
This week's free banking policy is an Anti-Virus policy. The purpose of the Anti-Virus Policy is to prevent infection of [Institution] computers and computer systems by computer viruses and other malicious code. This policy is intended to prevent major and widespread damage to user applications, files, and hardware.
Every Tuesday, Continuity Engine releases a free banking policy for use by community banks and credit unions across America. These policies are made available through Creative Commons licensing so that banks and credit unions may freely remix and reuse the content to suit their individual financial institution's needs. When we release a new policy, the previous week's policy is archived on our community where it is always available for free to community members. In case you were wondering, membership in our community is always free for credit union folks and community bankers.
Please remember that this policy is only available for free on our website through September 15, 2009. If you are looking for a particular policy that you would like us to feature on a future Free Policy Tuesday, please let us know in the comments!
Control TV Now Has Its Own Blog
We've moved Control Tv to it's own unique spot on our website. Please hop on over to controltv.continuity.net to see our latest episode!
This week we discussed ways that financial institutions can go green. Andy Greenawalt told the story of Control's creation & explained what Control does for community financial institutions.
The Compliance Consultant: Bankers Talk #2
Thought we'd share a little Friday Fun
for banking Compliance officers and CEOs
ACH policy - Free Policy Tuesday
This week's free banking policy is an ACH policy. The purpose of the ACH Policy is to comply with all ACH rules, regulations and other related requirements. The policy specifically defines the Institution’s intentions regarding the requirements under ACH Rules, The Green Book, Federal Regulation E, and Uniform Commercial Code Article 4A which permits alternative handling based upon individual financial institution policies and procedures.
Every Tuesday, Continuity Engine releases a free banking policy for use by community banks and credit unions across America. These policies are made available through Creative Commons licensing so that banks and credit unions may freely remix and reuse the content to suit their individual financial institution's needs. When we release a new policy, the previous week's policy is archived on our community where it is always available for free to community members. In case you were wondering, membership in our community is always free for credit union folks and community bankers.
Please remember that this policy is only available for free on our website through September 8, 2009. If you are looking for a particular policy that you would like us to feature on a future Free Policy Tuesday, please let us know in the comments!
Control TV Episode #6: Personal Finance Managers
Episode #6 - August 28, 2009
Episode length: 19 minutes, 58 seconds
View on Viddler
Intro:
- Peter Glyman Co-Founder of Geezeo joins us as our first guest
- Find your hosts on Twitter: @SonyaJMills and @JimKisch
and our guest @pglyman from @geezeo
- www.continuity.net - Join Community and ask your banking peers
- Ask the Expert forums (on Community):
- Andy Greenawalt [Information security]
- Jim Kisch [Compliance and Risk Management]
- Jesse Torres [Social Media Best Practices]
- Karen Licker [Social Media Best Practices]
- LinkedIn: Compliance Support Group
- Twitter: @CE_Community and/or #ControlTv
Personal Finance Managers (PFM)
- Consumers demanding a better way to manage finances on the web
- PFMs enable consumers to track and manage their money, often aggregating multiple institutions in a single view (Wikipedia)
- 3rd party products frequently lead consumers to other products/better rates
- community FIs become commodity/rate = lost relationship value
Geezeo PFM suite:
- licensed to community FIs and integrated with their online banking platform
- no reason for consumer to look elsewhere
- Better than 3rd party PFM because it's tied to live data
- transactions are accurate
- alerts more robust
- can pull in outside assets (401k, etc) for a more complete financial picture
- Community
- consumers ask financial questions
- answers can be rated by community
- moderation and blacklisted terms
- enables more FI connection with consumers
- EXPERTS: handpicked and screened by the FI
- bio with ability for links to business site, LinkedIn and/or Twitter profiles
- Real Estate expert, small business owner, bankers, etc
- Moves the FI back inot position of trusted advisor for all things financial
- Community members providing lots of help earn credibility and become Community Experts (encourages community activity
- PFM suite ties together PFM and Community, bringing consumers a trusted banking relationship with the technology they crave for ease of financial management
- Working on a Mobile app for Stanford Federal Credit Union that can be replicated for other clients
FreePolicyTuesday:
Completely free on www.continuity.net for 1 week. All past policies are noted and archived on our free community.
- Wire Transfer Policy
- Setember 1st will be ACH policy
Closing Comments:
- interested in seeing the show live?
- please leave any feedback in the comments section