Tuesday, June 18, 2024

Week of June 10

In This Issue…

From Adrian’s desk …

By Adrian Beverage
OBA President & CEO

Just some random tidbits that might be of interest to our bankers this week!

•        •         •

I was on the road for much of last week, visiting banks in the far Northeast part of the state. It’s always good to visit our members in Miami, Bartlesville, etc – it’s such a gorgeous part of the state!

•        •         •

I read about a survey via IBM that said a large majority of bank CEOs believe in the positive potential of artificial intelligence in their industry. Our communications director, Jeremy Cowen, has demonstrated to myself and several bankers at various schools the power of one form of AI: ChatGPT. It’s all a little mind blowing, but considering the results of the survey, it’s something everyone reading this should keep in mind for their industry going forward!

With that in mind, check out the education corner below where we have an upcoming webinar concerning the banking/AI crossroads.

•        •         •

The college sports season is over – well, in Oklahoma and Nebraska, at least – and now we head into the quiet months before the sound and fury of college football starts up! The upcoming weeks aren’t completely bereft of teams for me to cheer for, though …

Back to top

FinCEN releases BSA data for past year

The Financial Crimes Enforcement Network received approximately 4.6 million suspicious activity reports in fiscal year 2023, for an average of 12,600 reports a day, the agency said last week in its year-in-review report.

The report provides an overview of FinCEN’s collection and use of Bank Secrecy Act data, including its work with law enforcement and national security agencies. Among other things, the report shows that more than half of SARs filed in FY 2023—some 2.5 million reports—came from depository institutions. The agency also received 20.8 million currency transaction reports in that same time frame, for an average of 57,000 reports a day.

How can our bankers use this information? Take a look at the number of SARs filed by depository institutions for fraud – 2022 totaled 1.398 million, 2023 totaled 1.753 million.  If your bank is struggling with fraud related loss, please contact OBA’s Fraud Division at sharon@oba.com to discuss mitigation options or education assistance.

Back to top

Information Security MAFIA meeting scheduled for Friday

The Information Security MAFIA (Metro Area Fraud Investigators Association) meets quarterly to discuss informational security risks and solutions amongst banking peers. The next meeting will be held 9 a.m. on Friday. This will be an in-person meeting held at the Valliance Bank Tower, 1601 Northwest Expressway, in Oklahoma City, in the conference center on the first floor.

Our speaker for this June meeting will be Calvin Harley, cybersecurity state coordinator for Oklahoma with the Cybersecurity and Infrastructure Security Agency.

Harley will speak on the Cybersecurity Risks and Threats Facing Oklahoma. As Oklahoma grapples with the ever-evolving landscape of cybersecurity threats, it is essential to recognize the unique challenges faced within the state.

Remember: we are strongest when we are working together. To attend the IS-MAFIA meeting, please email Cherry Wilson at cwilson@tbb.bank to request an NDA form to be handed in at the meeting.

Back to top

2025 Oklahoma Views & Vistas Calendar available for early-bird orders

The 2025 Oklahoma Views & Vistas Calendar is now ready to be purchased – order yours by Aug. 1 to get the special low price of just $1.10 per calendar – pricing after Aug. 1 is $1.25 per calendar.

Deadline is Sept. 15.  This is a great way to share your bank’s logo and information to your customers!

Back to top

OBA education corner …

JIt’s weird the musical holes we can fall into. Recently, blaring out of the communications department’s hole here at the OBA has been the not-so-subtle sounds of one Eddie Money. Nobody would mistake the erstwhile Eddie Mahoney for The Beatles, but I bet nearly everyone age 40 and older knows one or two of his songs! While (re)discovering some somewhat-forgotten hitmakers, don’t forget to keep an ear (and eye) open for upcoming OBA education opportunities! Take the following for example:

Back to top