“Shaping the Future of Credit Decisioning with Explainable AI”

https://www.ncino.com/news/shaping-future-of-credit-decisioning-with-explainable-ai

This white paper explores how artificial intelligence and machine learning are transforming the way financial institutions approach credit decisions. Key takeaways include: 

• the importance of the “human in the loop” concept for model optimization
• the role of interpretability in maintaining regulatory compliance
• the challenges posed by data quality assurance
• why partnering with technology providers to accelerate AI adoption is key

Finli Announces SOCC 2 Type II Certification

Finli is proud to announce the successful completion of its System and Organization Controls (SOC) 2 Type II audit, marking a key milestone in its mission to deliver secure, trusted solutions to financial institutions across the US.

This SOC 2 Type II certification signifies Finli’s compliance with the highest industry standards for data security, privacy, and operational effectiveness.

Are you spending countless hours tracking user access but still don't feel confident you're doing it right? With audit and compliance demands becoming more rigorous, now is the time to learn how to streamline your processes to ensure you're meeting regulatory expectations.

Join us on Thursday, September 26th at 1:00 EST for an exclusive webinar hosted by Finosec and led by speaker Zach Duke, where we’ll take a closer look at the essential strategies for effective User Access Reporting & Tracking. Learn how to streamline your processes, involve key stakeholders, and prepare your organization for audits with confidence.

In this webinar, you will learn:

• How to confidently map all systems for every employee.
• The role of managers and HR teams in approving permissions.
• Methods to ensure former employees don’t have outdated access.
• How to align your review frequencies with risk assessments.
• Strategies to map and manage systems by employees.

Helping your Ag Customers: Evaluating Land Rental Decisions

by Mariah Beverly

Many of your Ag borrowers rent some or all of the land they farm, and arriving at an affordable rental rate can be challenging, especially given the rising input costs and lower prices received for crops. One resource you can share with farmers to help them determine a fair rental rate is FairRent. In addition to traditional cash and share rent arrangements, FairRent includes seven different flex rent options that can be explored.

FairRent is a tool created by the Center for Farm Financial Management (CFFM) to help farmers evaluate land rental decisions by estimating the breakeven rate after all other expenses. CFFM recently completed a major update to FairRent, and new features include:

• A redesigned Overhead Expenses page making it easier to distribute expenses across all farmed acres
• Reports in multiple formats  providing ‘at a glance’ results
• Existing user plans, available on the My Plans page of the updated website

If any of your customers  are renting land and would like assistance in evaluating their rental rate, FairRent is a great resource. Another resource to help farmers with evaluating land rental decisions include Fixed and Flexible Cash Rent Lease Agreements For Your Farm. Visit FairRent by going to https://fairrent.umn.edu/ and watch below for more information.

2024 KlariVis Banking on Brilliance Award – Celebrating Women Driving Innovation in Community Banking

At KlariVis, we believe in recognizing and amplifying the voices of extraordinary women who are transforming the community banking industry. The Banking on Brilliance Award honors female leaders who are pioneering change and demonstrating excellence in areas such as Innovation in Technology and Data-Driven Leadership.

We invite you to nominate remarkable women who are pushing the boundaries and making a lasting impact in their banks and communities. This is an opportunity to shine a light on the brilliance that’s shaping the future of community banking.

Nominations are now open through Friday, September 20th and we encourage you to participate in celebrating the achievements of these incredible women. Let’s honor those who are truly making a difference!

For more details on how to submit a nomination and criteria, visit www.KlariVis.com/BankingOnBrilliance 

Let’s recognize the brilliance driving our industry forward!