Insights & Research

Timely & Informative Articles from the Narmi Team

How Financial Institutions Can Prevent Elder Financial Exploitation

Community banks and credit unions typically have an older clientele, but few have systematic approaches to detect and prevent financial exploitation of older clients who may be especially vulnerable due to physical or mental decline. In this insight piece, we outline 5 recommendations that banks and credit unions should consider in order to protect their members and stay in compliance with state and federal laws.

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3 Simple Steps To Make Your Financial Institution More Secure

These days, almost anyone can get the attention of a financial institution executive with the phrase “cybersecurity” – and rightfully so. This topic is very relevant, especially for smaller financial institutions who lack the resources to afford an in-house security staff. That being said, there a number of practices financial institutions can implement which can mitigate the majority of the risk involved with cybersecurity.

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The Importance of Digital Engagement on Lending

In the day of marketplace lending, financial institutions must adapt to the desires of the consumer in order to ensure their position as the lender of choice. This requires a significant investment in streamlined, user-centric online lending applications. At the same time, digital channels open opportunities for institutions to cultivate a more engaged, educated, and responsible borrowing community.

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Integrated Personal Financial Management

In the day of marketplace lending, financial institutions must adapt to the desires of the consumer in order to ensure their position as the lender of choice. This requires a significant investment in streamlined, user-centric online lending applications. At the same time, digital channels open opportunities for institutions to cultivate a more engaged, educated, and responsible borrowing community.

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