Financial institutions news from around the web: July 31 – August 4, 2023

Leveraging financial crime risk assessment: Driving optimization, customer satisfaction and competitive advantage 
The significance of financial crime risk assessment extends beyond regulatory compliance. It is a strategic instrument that can optimize key financial crime processes, improve customer satisfaction, and carve out a competitive advantage for an organization. 

Strengthening financial service cybersecurity 
Maintaining security systems at financial institutions is top of mind for a lot of security leaders. How can bank security teams harden networks against cyberattacks, or maintain security during a hybrid-cloud migration? 

Navigating climate risk disclosures reporting 
Financial institutions and organizations are increasingly incorporating ESG factors into their overall strategic planning, risk management and reporting procedures. However, the journey towards effective climate risk assessment and reporting is not without its challenges as well as opportunities for learning. 

MBA expects smaller mortgage rebound, CUs may see better 2024 
The Mortgage Bankers Association’s latest monthly forecast showed it again lowering its expectations for production in the second half of 2023 but is now showing a brighter outlook for the start of 2024.