Strunk's Vendor Manager can assist community financial institutions with evaluating third-party risk management and methods to determine the level of risk for each partnership #strunk#vendormanager
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Strunk's ODP Manager software can be set up to include a Reg E opt in form and Reg E opt out form that matches the content in your ODP Manager letter templates. The links are then added to the institution website to direct customers to the Reg E opt in https://t.co/RqnXnvkfcJ
Providing a consistent methodology to paying items that create an overdraft benefit both banks and their customers #strunk#overdraftprivilege#odp
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On Tuesday, June 6, 2023, Federal bank regulators issued final guidance outlining the guidelines and factors to consider when managing third-party relationships for financial institutions #strunk#riskmanagement
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Strunk offers an Automatic Upload option for import of the data utilized in Strunk’s hosted ODP Manager software. Ask us how your institution can leverage the latest technology. #strunk#odpmanager
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Commercial lending comes in all shapes and sizes and borrowers are more sophisticated now more than ever. With a yield curve that has changed dramatically over the past 18 months, isn’t it time your senior commercial lenders looked at a loan pricing https://t.co/uQxFcuphEs
Both the FDIC and OCC have recently issued guidance on debit card transactions that are authorized positive, settled negative and on re-presented NSF items. The purpose of this bulletin is to summarize that guidance. #strunk#odpprogram
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Community financial institutions utilize a vendor's fundamental business information to assess if the vendor complies with any relevant local laws and regulations, as well as to spot any potential future performance problems. Let Strunk's Vendor Manager https://t.co/vmSbZJLvek
Every critical and high-risk vendor must have their fundamental business information gathered. Community financial institutions can use this information to assess if the vendor complies with any relevant local laws and regulations. See how Strunk's https://t.co/vmSbZJLvek
The hosted ODP Manager software is an effective tool for managing an institution’s overdraft program. In addition to the daily tasks, ODP Manager can help users view and filter the account information that is imported from the daily extract file. https://t.co/J9VuGTxQpI
As interest rates rise and the cost of doing business increases, bankers are challenged to figure out where we go from here. Many community banks face a huge loss in their bond portfolio due to the substantial increase in rates on US Treasury securities. https://t.co/mDIuM5Xmog
After an overdrawn account has been charged off, financial institutions may still need to track and report on the charge-off balances and recoveries related to the overdrawn accounts. ODP Manager can help! #strunk#odpmanager
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Strunk is proud to announce its newest solution, Pricing Manager. Pricing Manager is a fully hosted, web-based solution that allows community financial institutions (CFIs) to deploy a tool to all lenders to ensure they are armed to price loans profitably https://t.co/c629f4gT6C