Addressing Fraud Risk Management Challenges in Banking

As banking and financial services become more digital, fraudulent activities are also evolving, posing serious risks to both institutions and customers. In 2023, fraud losses nationwide surged by 14%, with consumers losing more than $4.6 billion to scams. This blog delves into the types of fraud in financial services, key challenges in managing fraud risk, […]

Implementing Effective Control Testing to Mitigate Risks in Banks

In the banking sector, internal control testing is essential for identifying potential risks, ensuring compliance with regulations, and optimizing internal processes. As financial institutions face increasing complexity and challenges, robust control testing programs are crucial for maintaining operational integrity and safeguarding against fraud, errors, and non-compliance. This blog will explore key methodologies for control testing, […]

10 High-Paying Jobs That Are Surprisingly Fun

Contrary to popular belief, finding a high-paying job that is also enjoyable isn’t as impossible as it seems. If you can align your passions and skills with the right career path, work can be both fulfilling and rewarding. Below, we’ve compiled a list of 10 fun, well-paying jobs that might just inspire your next career […]

Building a Strong Family Mission Statement

Family wealth is like a well-equipped vehicle with endless potential—when you know where you’re headed, it can take you far. But without clear direction, it’s easy to get lost along the way. This is the fundamental idea behind creating a family mission statement, which acts as a compass to guide decision-making, align family values, and […]

The Growing Impact of Rising Mortgage Rates on Housing Affordability

As of August 2023, mortgage rates have hit their highest point in over two decades, with the national average for a 30-year fixed mortgage reaching 7.53%. This sharp rise follows an all-time low of 2.65% in January 2021. The increase in mortgage rates has had a significant impact on home affordability, which is now at […]

Economic Outlook: Navigating the Wild Ride Ahead

The recent market turmoil has felt a lot like an amusement park ride – chaotic and out of control, but ultimately, it’s over, and things return to normal. This unpredictable period is a reminder of how fragile sentiment can be when external shocks hit. President Trump’s announcement of new tariff rates in early April set […]

Finding the Right Lending Partner for Your Business Financing Goals

Securing the right financing is a critical part of running and expanding a successful business. Whether you’re looking to invest in new equipment, support operational costs, or pursue growth opportunities, selecting a dependable lending partner can make a significant difference. Knowing what to look for—and how to evaluate your options—will help you identify the best […]

How Open Banking is Transforming Lending Practices

Over the past few years, open banking has gained significant traction worldwide, from the UK and Singapore to Europe and Malaysia. While each market has adopted varying approaches to integrate this new banking standard, many are now exploring advanced applications such as open finance to enhance how lenders operate. These innovations, when correctly implemented, can […]

5 Essential Tips for Newlyweds Buying Their First Home

Congratulations on your recent marriage and the exciting journey ahead as you search for your first home together! While this is an exhilarating chapter, it also comes with significant decisions. The home-buying process can be overwhelming, but with the right guidance, it can also be an enjoyable experience. Here are five essential tips for newlyweds […]

Weighing the Pros and Cons of Living in an HOA Community

When shopping for your next home, you may come across a term that prompts you to pause and consider—”HOA.” HOA stands for Homeowners Association, and it’s a common feature in many planned communities, condominium complexes, and even some single-family neighborhoods. Some buyers actively seek homes within these communities, while others prefer to avoid them altogether. […]