A Verification of Deposit form is a document that is part of a personal mortgage loan application package and is used as a risk-mitigation measure.
In banking, a virtual audit occurs when an auditor performs some or all of the audit from a remote location—instead of coming on-site to the financial institution.
In banking, the VP of Digital (or a similar job title) is becoming a more common role as banks and credit unions focus more on their digital strategy. VP of Digital is a relatively new role in the banking world, though an important one as the digital banking channel is a direct extension of the physical branch.