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12/19/2018

Top 10 New Year’s Resolutions for Businesses for 2019

Harrisburg, PA - Pennsylvania Secretary of Banking and Securities Robin L. Wiessmann is offering 10 New Year’s resolutions to help Pennsylvania businesses in 2019.

“More than ever, businesses can take steps to improve their systems and performance, enhance their competitiveness, and serve and protect their customers,” said Secretary Wiessmann. “I urge business leaders and managers to consider making a New Year’s resolution for a better, more profitable 2019.”

Secretary Wiessmann’s 10 Top New Year’s resolutions for businesses for 2019:

  1. Make cybersecurity a top business priority. The cybersecurity challenge has both broadened and deepened. Take advantage of the resources offered by our Cybersecurity Team to keep your business, vendors, and customers safe.
     
  2. Protect your clients from elder financial abuse. The department offers nationally recognized programs to business groups. Contact us at informed@pa.gov to learn more about how you and your employees can protect your customers from this crime. You can also download the Elder Financial Abuse Prevention Guide.
     
  3. Promote women in leadership roles. “We have reached the stage where the success of women in business now means the same as the success of business in general,” said Wiessmann. “More and more women are proving that we can not only be successful for themselves, but that we can add real, tangible value to any enterprise.”
     
  4. Contact your congressional representative about creating a safe harbor for marijuana-related businesses. Pennsylvania businesses conducting themselves appropriately under Pennsylvania law – including banks, credit unions, law firms, and accounting firms – find themselves squarely in the middle of a conflict between federal and state law.
     
  5. Fintech: contact our Innovation Staff Contact. We have designated a single point of contact between technology innovators offering financial services (fintech) and the commonwealth’s financial regulator. Email fintech@pa.gov with your questions about how your technology company’s plans can work in Pennsylvania’s financial services market.
     
  6. Call your regulator with questions. The department works to ensure that the companies and individuals we supervise understand the rules under which they are expected to operate and help them navigate Pennsylvania and federal regulatory structures. Learn how to connect with your regulator here.
     
  7. Read PA Money Talks. We publish a blog for our stakeholders, media, and consumers to learn more about complex financial, consumer protections, and regulatory subjects. Read more here.
     
  8. Get involved in the Next Generation Bankers Academy, an intensive, weeklong experiential summer learning opportunity for college students interested in careers in banking or financial regulation. Program sponsors and bank partners provide on-site instruction by executives and managers directly to students.  Learn more here.
     
  9. Participate in the CSBS Community Bank Case Study Competition, which encourages undergraduate college students to explore community banking by partnering student teams with local banks to conduct original case studies. Last year, Pennsylvania entered the most teams! Learn more here.
     
  10. Subscribe to The Quarter. Four times a year, more than 70,000 people receive “The Quarter,” the department’s e-newsletter that contains updates on regulatory, industry, consumer, and department news and trends. Stay informed and subscribe here.

Bonus Resolution: Connect to the Department and Banking and Securities through Facebook and Twitter to stay on top of department news and industry trends.

Business groups interested in hosting presentations offered by department staff can make inquiries at informed@pa.gov.

MEDIA CONTACT: Virginia Lucy - 717.214.4759

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