Google enhances security tools, Millennials buying Baby Boomer businesses, and FloQast talks the lasting impact of cloud mistrust.
 

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October 22017

       BUSINESS TO BUSINESS EDITION

Credit Unions

Credit Unions: Better Together
 

It takes a village, as they say. But when the village gets wiped out by a natural disaster like Hurricane Harvey or Irma, it’s going to take more than that to rebuild. Kathy Herziger-Snider, CO-OP’s SVP Debit/ATM/Shared Branch, walks Karen Webster through CO-OP’s notion of building a community of credit unions that helps its 110M prepare before a disaster and also clean up after.
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Data Digest

Despite Cybersecurity Standards, FIs Exposed To Third-Party Risks
 

Bank customers and regulators would likely agree: There’s no excuse for a financial institution to accept lackluster cybersecurity measures. But according to a new report from BitSight, that’s exactly what’s happening as FIs work with partners and other third-party service providers. The new report warns financial firms aren’t holding their supply chains and business partners to the same cybersecurity standards to which they hold themselves.
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Business Intelligence

The Lasting Impact Of Corporates' Mistrust Of The Cloud
 

Large enterprises met the cloud with heavy skepticism at first, with many organizations deciding they would rather build customized, in-house ERP systems than host sensitive financial data in the cloud. Businesses today are more trusting of the technology, but according to Mike Whitmire, cofounder and CEO of FloQast, the decision to go with on-premise ERPs has had a lasting effect — especially when businesses need to close the books. He explains the pain points businesses face in managing financial data thanks to earlier distrust of the cloud (and how to address it).

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