Statements
see what’s new with our products
A Message From Our Team
Happy October! 🎃 Fall into our latest batch of updates designed to make managing your financial institution even smoother. This month, we're excited to highlight new features for the Banno Support app case queue, seamless browser-based key generation for developers, the launch of our new Origination Pilot & Beta Hub for lending and deposits, and so much more. Dive in below to see what's new!
FDIC Non-Deposit Disclosure
In the latest Banno Release Notes, we announced that our work related to the FDIC’s final rule regarding logo display was complete and that the option to designate non-deposit products would hit Banno People later in October. That work is also complete.
An authorized admin can now grant the Manage deposit insurance display permission to the necessary groups, and group members can then configure which account types are considered non-deposit. After designating certain account types as non-deposit accounts, your accountholders will see the “Not FDIC insured; no bank guarantee; may lose value” disclosure displayed on account detail views. By default, no account types will display a disclosure until one of your employees updates the configuration.
This enhancement requires no additional contract or support ticket; the functionality and related permission are available now. Please check the Institution Settings section of the Knowledge Base for documentation early next week, as we are finalizing details and will add a new sub-page very soon.