Insights & Research

Timely & Informative Articles from the Narmi Team

Venmo & Zelle – What’s the Difference?

Third-party person to person (P2P) applications have become popular with millions of users, especially those in the younger demographic. Cash and checks are essentially non-existent, and users prefer a digital-first method to make payments. Two methods in particular - Venmo and Zelle - stand out.

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Why Two-Factor Authentication is a Must Have

In 2016, the most common password was 123456. Passwords alone are not powerful security barriers to protect your back office systems or the applications your end-users utilize. Two-Factor Authentication is a simple and necessary security measure that greatly enhances the security of your financial institution.

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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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