“Credit unions operating and people living in the Gulf Coast region know they need to prepare for serious storms,” said NCUA Board Chairman Debbie Matz. “We’re reminding them today to take prudent precautions and that NCUA continues to protect deposits at federally insured credit unions during sunny days and after bad storms.”Agency reiterates protection of assets, offers help if needed after storm......As Isaac Bears Down on Gulf, NCUA Issues Bulletin to CUs and Members:
NEW YORK—Artificial intelligence is rapidly becoming the defining force shaping banking strategy, with 80% of banking executives now expecting AI to significantly disrupt their business and operating models within the next three to five years, according to KPMG's 2026 Banking Technology Survey. The survey of 200 U.S. banking executives found institutions are responding by accelerating investments in cybersecurity, payments modernization and technology-driven acquisitions. "AI, payments modernization, cybersecurity, and tech-driven M&A are no longer separate agendas," said Peter Torrente, KPMG's U.S. Banking Sector Leader, who said banks are increasingly being challenged to keep pace across technology, risk and growth simultaneously. Cybersecurity remains a top concern. More than three-quarters (76%) of banking leaders reported an increase in cyberattacks over the past year, while 92% said they are boosting cybersecurity budgets. In addition, 84% are increasing cyb...

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