contents ©2024 The Colorado Bankers Association is proud to present Colorado Banker as a benefit of membership in the association. No member dues were used in the publishing of this news magazine. All publishing costs were borne by advertising sales. Purchase of any products or services from paid advertisements within this magazine are the sole responsibility of the consumer. The statements and opinions expressed herein are those of the individual authors and do not necessarily represent the views of Colorado Banker or its publisher, The newsLINK Group, LLC. Any legal advice should be regarded as general information. It is strongly recommended that one contact an attorney for counsel regarding specific circumstances. Likewise, the appearance of advertisers does not constitute an endorsement of the products or services featured by The newsLINK Group, LLC. Jenifer Waller President & CEO Alison Morgan Director of State Government Relations Brandon Knudtson CFO & Director of Membership Lindsay Muniz Director of Education Patricia Wells Director of Communications Megan Carruth Executive Assistant Margie Mellenbruch Bookkeeper* Melanie Layton Lobbyist* Garin Vorthmann Lobbyist* Andrew Wood Lobbyist* Caroline Woodhouse Lobbyist* *Outsourced 140 East 19th Avenue, Suite 400 Denver, Colorado 80203 Office: 303.825.1575 Websites: coloradobankers.org smallbizlending.org financialinfo.org colorado-banker.thenewslinkgroup.org BUILDING BETTER BANKS — Helping Coloradans Realize Dreams 6 16 4 MESSAGE FROM THE CEO 2024 Legislative Preview By Jenifer Waller, President & CEO, Colorado Bankers Association 6 Finding the Right Partners Matters with Card Conversions By Jeff Ostheimer, Director of Fintech Advisory Services, SRM (Strategic Resource Management) 8 Beneficial Ownership Final Rule and Its Impacts on AML Programs By Terri Luttrell, CAMS‑Audit, CFCS, Abrigo 12 CBA Centerpoint Going Beyond the Desk To Hear the Stories of Colorado Bankers 14 One Rule for All Interagency Guidance for the Risk Management of Third-Party Relationships By Julia A. Gutierrez, Director of Education, Compliance Alliance 16 Navigating the Current and Future Banking Landscape Why Lending Platforms are Essential Now More Than Ever By Darren Hecht, SVP of Growth, Biz2X 18 I Hedged My Balance Sheet for the First Time in 2023. Now What? Hedging Best Practices for Financial Institutions By Ben Lewis, Managing Director and Head of Sales, Chatham Financial 20 WASHINGTON UPDATE Against a Rising Tide of Regulation, Banks Must Row Together By Rob Nichols, President and CEO, American Bankers Association 21 What is a Hook and Chain ATM Attack? By Cook Solutions Group 22 Tips for Selecting the Right Core Processor With a Seamless Digital Transformation By Kelly Flynn, National Director, ADVANTAGE, powered by JMFA 3 Colorado Banker
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