How Your Credit Union Can Help the Examiners: Shorten Their Stay

2016-11-01T11:29:46-04:00September 6th, 2016|

Ron Daly, President/CEO
Virtual StrongBox, Inc.

To many people outside the industry, “bank examiner” conjures up Carter, the no-nonsense examiner in “It’s a “Wonderful Life”, who chooses Christmas Eve to examine George Bailey’s Building & Loan books. To say the least, it was bad timing. But it turns out Carter was a pretty good guy, even making his own donation to keep the co-op afloat after a series of mishaps.

The examiners I worked with in my “first” career, as a CFO, were good people, too; most just want to do a good job – be thorough, but efficient. Still, no matter when they […]

Who Should Drive Exam Innovation … the Regulator or the Regulated?

2016-11-01T11:29:46-04:00July 12th, 2016|

Ron Daly, President/CEO
Virtual StrongBox, Inc.
Source: https://www.cbinsight.com/drive-exam-innovation-regulator-regulated.html

Back in my days as a bank CFO, we had a few tricks for making the regulators feel welcome when it came time for the annual exam. If it was summer, my favorite was housing them in the sunniest room in the building, where they could enjoy natural lighting. We’d set the temperature at a toasty 90 degrees … you know, to save on the A/C. And when the weather turned cold, we liked to give examiners a feel for what it’s like to participate in winter sports.

Of course I was kidding. The examiners […]

Starting Over With a Mobile-First System

2016-11-01T11:29:46-04:00June 6th, 2016|

By Ron Daly, President/CEO
Virtual StrongBox, Inc.
Source:
https://www.cbinsight.com/starting-mobile-first-system-bank.html

“Mobile banking today is more than just another channel; it has become the remote control for all banking interactions. Mobile devices allow users to speed up ATM withdrawals, set in-branch appointments, turn debit cards on and off, and interact with voice-based artificial intelligence.”

Whew! That pretty much says it all. Javelin’s new 2016 Mobile Banking Financial institution Scorecard: Mobile Becomes the Remote Control for Banking should convince anyone who thinks mobile is today’s “hot new thing” to see more clearly. Whether or not all of your customers have adopted it, mobile […]

Lock Down … Don’t Lock Out

2016-11-01T11:29:47-04:00May 17th, 2016|

Ron Daly President/CEO
Virtual StrongBox, Inc.
Source:
https://www.cbinsight.com/lock-dont-lock.html

What’s the No. 1 reason financial institutions give for not adopting cloud technology? Security. The thought of migrating to a virtualized business platform can strike terror in the hearts of bank executives. And it’s no wonder. Many solutions can be risky, lacking the top-tier security banks and other high-risk enterprises require. And, not surprising, cybercriminals always attack at an organization’s weakest point.

Most banks shy away from cloud services because of concerns about how their stored data – or that of their customers – is treated. That’s because it’s common for commercial consumer services to […]

Superior Security and Superior Customer Experience: Can we have both?

2016-11-01T11:29:47-04:00April 25th, 2016|

Ron Daly, President/CEO
Virtual StrongBox, Inc.
Source:
https://www.cbinsight.com/superior-security-superior-customer-experience-can.html

Now that the Justice Department has found other means to crack open contents of the iPhone at the center of U.S. Government v. Apple, the pressure is off the company to breach its own security. At least it was. After saying would drop the case, the Justice Department filed a letter April 8 with the U.S. District Court in Northern California, stating it needs Apple to mine data from another iPhone – this time for a drug-trafficking case.

This issue is far from over. We’re likely to see it played out in Congress and the […]

It’s All About the Consumer … Or Is It?

2016-11-01T11:29:47-04:00March 9th, 2016|

Ron Daly, President/CEO
Virtual StrongBox, Inc.
Source:
https://www.cbinsight.com/its-all-about-the-consumer-or-is-it.html

The other day, my friend, Susan, told me about her experience trying to add a personal hotspot to her iPhone. Susan is a small-business owner who frequently works away from her office, and I’d been on her case to steer clear of public Wi-Fi – it is absolutely not safe! Now, Susan is no tech expert; but she’s fairly adept at consumer apps, regularly using mobile devices to book flights, buy books, write research papers and do her banking. Activating a hotspot on her smartphone seemed simple enough.

Customer last

But what proceeded was a primer […]

March 31: World Backup Day Is Coming: Can Members Count On You?

2016-11-01T11:29:47-04:00March 1st, 2016|

By Ron Daly, President/CEO
My Virtual StrongBox, Inc.
Source:
http://www.cutoday.info/THE-tude/World-Back-Up-Day-Is-March-31-Can-Members-Count-on-You

A decade ago, when you wanted to show someone pictures of your kids or grandkids, you’d pull a few pictures out of your wallet. Today, we turn on our phones and share the latest video of the baby taking his first steps or the first-grader losing her first tooth.

It also hasn’t been very long since you’d gather up your pile of receipts, W-2s and 1099 statements so you could prepare for tax season. Now, many of those items are sent to you electronically and stored on your computer.

Life is a lot […]

3 Reasons Your Bank Should Embrace Cloud Technology

2016-11-01T11:29:47-04:00February 19th, 2016|

Ron Daly, President/CEO
Virtual StrongBox, Inc.
Source:
https://www.cbinsight.com/3-reasons-your-bank-should-embrace-cloud-technology.html

Almost every week, I encounter bank CEOs or IT executives who tell me they don’t have the bandwidth to move to cloud computing. Some think they don’t need it. Others think it’s gimmicky. Most are anxious about data security. For example …

“Yeah, we’ve thought about it, but we have a lot invested in our current systems.”

“Cloud? That’s something we want to look into next year. Right now we’re up to our ears in a core conversion and our employees are maxed out.”

“I worry about how easy it is […]

Feel the Love: Boost Mobile Banking and Increase ROI

2016-11-01T11:29:47-04:00February 12th, 2016|

Ron Daly, President/CEO
Virtual StrongBox, Inc.
Source:
https://www.cuinsight.com/feel-the-love-boost-mobile-banking-and-increase-roi.html

How do I love thee, Smartphone? Let me count the ways: watching a movie, finding directions, listening to music, getting the score, buying stuff, playing games, videotaping the kids’ soccer game … and doing my banking.

When a phone is your PFI

For today’s Americans, making phone calls with your iPhone or android is almost an afterthought. A November 2015 Pew Research Center study found two-thirds of American adults own a smartphone – nearly double the number from four years ago. And mobile searches officially outpaced desktop searches last year, according to Google. Not only do […]

Business Data, Inc. Brings Secure Cloud Technology to Client Financial Institutions, Joins Forces with Virtual StrongBox, Inc. on File Exchange & Storage Solution

2016-11-01T11:29:47-04:00February 10th, 2016|

Charlotte, NC and Inglewood, CA (Feb. 9, 2016) – Business Data, Inc., which provides outsource delivery solutions for Web, Print/Mail and Archive, has partnered with Virtual Strongbox, Inc., an expert in financial data security, to jointly develop, market and deploy secure online document and file exchange solutions for BDI’s clients.

Virtual StrongBox’s patented encryption-at-rest data technology solutions are regulatory-compliant and remove financial institutions’ number one barrier to transitioning to the cloud. Financial institutions provide their customers with private, secure space in online “safe-deposit boxes” – branded as My Virtual StrongBox – where they can store important documents like deeds and wills. Only […]

Go to Top