South State Correspondent

MARCH 7, 2023

Last week, we convened a group of 30 bankers to train on ChatGPT and ideate around new banking products related to the enterprise version. Turbo Within a Risk Framework Talk about artificial intelligence (AI), “generative AI,” or “large language models” to a banker, and the concept quickly gets lost. Along with ChatGPT 3.

Training 195

Training Video Tools US 195

Jeff For Banks

FEBRUARY 1, 2024

This is when only the most farsighted bankers were executing a funding strategy. The challenge was that the dramatic increase in interest rates decreased the value of securities, and bankers therefore didn't want to sell them and turn a hypothetical loss into an actual one. We just didn't need the funding.

Security 112

Security Strategy Management Community 112

Jeff For Banks

APRIL 27, 2023

There are enough financial technology solutions that fall under the "nifty" category to make a banker's head spin. Prior to fintech becoming a buzzword, bankers have been solving problems. As if having a cool solution out there is enough for a banker to give it a look. Bankers have better things to do.

Financial Technology 78

Financial Technology Strategy Fintech New York 78

South State Correspondent

AUGUST 15, 2022

Bankers often think from the bank’s perspective or from the regulator’s perspective. Below are 14 ways to force bankers to understand customer needs better and help banks do a better job at strategic planning prioritization. The customer experience is horrible for many bank processes. Informally Talk to Your Customer.

Customer Experience 195

Customer Experience Training Strategy social media 195

South State Correspondent

AUGUST 15, 2022

Bankers often think from the bank’s perspective or from the regulator’s perspective. Below are 14 ways to force bankers to understand customer needs better and help banks do a better job at strategic planning prioritization. The customer experience is horrible for many bank processes. Informally Talk to Your Customer.

Customer Experience 195

Customer Experience Training Strategy social media 195

Abrigo

NOVEMBER 9, 2022

Takeaway 3 Bankers generally aren’t planning to change how they pool or segment loans under CECL. One in every 10 bankers surveyed this year has adopted the standard on financial statements. Most bankers (86%) indicated they’ve moved beyond data collection in 2022, even if they haven’t yet adopted the standard (i.e.,

Survey 195

Survey Software Resources Meeting 195

Gonzobanker

JULY 13, 2023

Vendors need to be able to explain their AI technology to bankers in layman’s terms “An algorithm is what software engineers call something when they don’t want to explain what they did.” — Modern Adage Every vendor these days is talking about how their software has magical “AI” algorithms in it. Can the software “show the math?”

Technology 78

Technology Software social media Fraud 78

PYMNTS

APRIL 4, 2018

As American Banker reported Wednesday (April 4), delinquent payment rates waned a bit in the fourth quarter of last year, with late payments to banks slipping. The percentage of credit card borrowers more than 30 days late on their payments now stands at the lowest level seen in three and a half years, said American Banker.

Marketing 102

Marketing Cards Taxes Meeting 102

PYMNTS

AUGUST 4, 2020

The Fed reported that banks tightened standards throughout all residential real estate (RRE) loan categories and in auto loans, credit card loans and other consumer loans in Q2 on net. Over the second quarter, major net shares of banks tightened lending standards on all categories of consumer loans.

Lending 138

Lending Survey Cards Industry 138

PYMNTS

AUGUST 26, 2019

Also, Kohl’s is teaming up with Facebook to capture the attention of millennials, and world bankers met to discuss whether a new cryptocurrency would be better than relying on the dollar as a global reserve company. World Central Bankers Discuss Global Crypto Alternative. The company sees the country as its next big growth market. .

US 109

US Millennials cryptocurrency Fraud 109

South State Correspondent

SEPTEMBER 4, 2023

Many bankers believe that in order to win a hedged loan, credit spreads must be lower; however, the average credit spread for hedged loans is 2.39% and ranges from a low of 1.00% to a high of 4.62%. Certain loan categories may be under credit pressure, and no one can predict where future loan rates may be.

Analysis 195

Analysis Community Bank Community Training 195

South State Correspondent

JUNE 22, 2022

Every bank, no matter the size, should think and train bankers on where, and how to look for improvements. The iPhone, Uber, and Airbnb all fall into this category as does the ATM. 98% of bank innovation falls within the incremental improvement category which is about how it is in other industries. Framing Innovation.

Innovation 195

Innovation Meeting Apple Maine 195

South State Correspondent

AUGUST 21, 2023

We will outline what we think community bankers should glean from this publication. Community bankers often lament the COF advantage at national banks – but the numbers do not support this view. However, that publication, directly and indirectly, identified three discrete risks affecting community banks.

Community Bank 195

Community Bank Community Capital Analysis 195

FluentBanking

JULY 18, 2020

Cheques can be classified into three broad categories on the basis of (i) Mode of Payment (ii) Mode of Payee and (iii) Mode of Period/ Time. (i) i) Mode of Payment: According to mode of payment cheques can be classified into two categories i.e. open and cross cheque. ii) Mode of Payee: It can be classified into Bearer or Order.

Examples 97

Examples Payments 97

South State Correspondent

DECEMBER 6, 2022

Bankers must understand inflation’s value-destroying effects on CRE for underwriting and loan pricing purposes. At a cursory observation, one would conclude that the effects of inflation on a real estate project are neutral. If owners can pass increased costs to tenants, they can keep inflation from decreasing NOI or cash-on-cash return.

Analysis 195

Analysis Taxes US Management 195

PYMNTS

FEBRUARY 22, 2018

“We are disheartened that the banks continue to use misinformation in their rhetoric against non-for-profit member-owned credit unions,” the National Association of Federally-Insured Credit Unions and the Credit Union National Association said in a letter to Senate Finance Committee Chairman Orrin Hatch, according to American Banker.

Taxes 101

Taxes National Industry Regulation 101

Independent Banker

MAY 31, 2022

Earning ICBA the silver award in the Best Advocacy Campaign category, the #KeepMyBankingPrivate campaign has helped community banks raise awareness of a proposal in Washington that would mandate banks and other financial institutions to reveal details on deposits and withdrawals of their business and personal accounts.

social media 91

social media Data Community Bank Community 91

Abrigo

NOVEMBER 12, 2023

Support credit risk management Understanding loan covenants, when financial institutions should use them, and how to monitor them supports strong lending portfolios and credit risk management best practices. The what, when, why and how Loan covenants refresher Loan covenants are critical to banks and credit unions as they manage credit risk.

Risk Management 221

Risk Management Lending Policies Management 221

PYMNTS

FEBRUARY 4, 2020

Banks reported expecting to tighten standards for most categories of business loans, credit card loans, and auto loans, but to leave standards unchanged for closed-end mortgage loans,” the survey said. Loan performance is expected “to deteriorate somewhat” for all categories except for closed-end residential mortgage loans. .

Survey 131

Survey Lending Cards Regulation 131

CFPB Monitor

APRIL 15, 2020

A coalition of groups that includes the Consumer Bankers Association, the National Council of Higher Education Resources, and consumer advocates, has sent a letter to House and Senate leadership urging Congress to extend relief to federal student loan borrowers whose loans are not covered by the CARES Act.

Groups 78

Groups Leadership Industry Resources 78

PYMNTS

SEPTEMBER 7, 2018

The firm claims it has over 5,000 freelancers across more than 70 categories. While bankers do not have a clear reason as to why companies are seeking capital in the public markets, favorable business conditions might be at play: The stock markets are strong, and investors are seeking companies with high growth. an electric car firm.

Regional 101

Regional Capital California Report 101

Independent Banker

JUNE 30, 2022

Bankers and industry observers have several recommendations for how community banks can come up with risk ratings and rankings that foster safe growth in a volatile economic climate. Migrate credit risk categories promptly. Regulators are fearful of banker complacency,” he observes. By Judith Sears.

Management 103

Management Community Bank Community Regulation 103

Gonzobanker

AUGUST 24, 2023

Out of the Frying Pan and Into the Fire Even if Q2 results are rosy beyond expectations, bankers shouldn’t delude themselves into thinking the industry is out of crisis mode. There are quotes around checking accounts because bankers don’t see offerings from companies like PayPal and Square as checking accounts. 2) Zombie cores.

Innovation 148

Innovation United States Industry Technology 148

Abrigo

MARCH 6, 2016

Fifty-one percent of bankers and board members surveyed in the 2016 Bank M&A Survey by Bank Director and Crowe Horwath LLP reported their banks intend to make a purchase in the next 12 months. One of every 12 bankers and board members surveyed, or 8 percent, see the deal environment as less favorable.

Capital 150

Capital Survey Meeting Resources 150

FICO

FEBRUARY 27, 2023

In 2023, we have 15 winners across 10 award categories representing companies from every corner of the globe. Home Blog FICO Meet The 2023 FICO Decisions Awards Winners! The entries this year reveal great advances in technology and approach as organizations become more sophisticated in the way they solve their most pressing challenges.

Meeting 98

Meeting social media Management Analytics 98

Independent Banker

MARCH 31, 2022

A category EF4 tornado blighted the area for three hours, reaching 190 miles per hour. Chris Vogt of the Wisconsin Badgers NCAA basketball team presents an anonymous donation to First Kentucky Bank officials. By Paul Sisolak. By Paul Sisolak. Friday, Dec. 10, 2021, was like any other day for the people of Mayfield, Ky., A beacon of light.

Kentucky 163

Kentucky Community Bank Community Wisconsin 163

Abrigo

JUNE 8, 2022

FinCEN conducted a SAR analysis identifying several major scam categories, including: Romance Scammers establish a romantic relationship with their victims and then request money "for hardships" they experience or to "visit the victim (but never do). June 15 is World Elder Abuse Awareness Day. Need to Know. billion in 2019. Learn More.

Training 195

Training Fraud National Resources 195

PYMNTS

JULY 4, 2018

As a consumer lending category with the fastest growth, outstanding balances for personal loans jumped by about 18 percent to $120 billion in the first quarter. A lot of credit goes to the FinTech lenders for reinvigorating a loan category that’s been around forever,” Jason Laky, TransUnion ’s consumer-lending business lead, told Bloomberg.

Lending 110

Lending New York Fintech Cards 110

FICO

SEPTEMBER 30, 2022

Neeti Aggarwal, CFA senior research manager, The Asian Banker. Neeti Aggarwal manages the financial technology and innovation research at The Asian Banker. Douglas Blakey, editor, Retail Banker International. Meet Our 2023 FICO Decisions Awards Judges. Saxon Shirley. Thu, 05/12/2022 - 10:29. by Nikhil Behl.

Meeting 52

Meeting Analytics Management Strategy 52

PYMNTS

NOVEMBER 23, 2020

In fact, a report produced last month by CB Insights, the research arm of commercial real estate giant CBRE (Coldwell Banker Richard Ellis) listed 117 bankrupt chain stores it said had succumbed to COVID-19’s “retail apocalypse.” Instead, it was the latest move in a business model that the company has long followed. Re-Inventing for Online.

Branding 254

Branding Retail New Jersey Miami 254

Jeff For Banks

MAY 18, 2014

Community bankers hunt aggressively for experienced lenders to grow their loan portfolios. I outlined a Business Banker job description in a prior post based on what I hear from bankers about what they expect from that position. So I opined to a community bank client what I thought was a healthy composition of business bankers.

Training 91

Training Community Bank Groups Community 91

PYMNTS

MAY 29, 2019

“We’re excited to blend our expertise with longstanding relationships across business categories to offer more products and services,” said BitX Funding President Todd Rowe in a statement. Pelagic operates as a direct lender as well as a collaborator with dealers to help small businesses obtain non-bank equipment financing.

Capital 128

Capital Lending Taxes Analysis 128

PYMNTS

JANUARY 10, 2018

Analysis by Statista, covered by American Banker , estimated U.S. billion in investments this year, with blockchain a key category. IBM will provide support services, while Comcast Ventures will provide funding, the publication said. There’s a massive opportunity in Fortune 500 companies,” he told the publication. I’m not sure.

blockchain 129

blockchain Analysis Tools Strategy 129

Abrigo

SEPTEMBER 29, 2016

From bankers at banks and credit unions alike, we have heard that maintaining a defensible and compliant ALLL can be a challenge, and the CECL model will only make it more complicated,” said Sageworks CEO Scott Ogle. On Thursday, Sept. 15, Summit attendees participated in industry-specific roundtable discussions.

Risk Management 150

Risk Management Management Taxes Austin 150

PYMNTS

JUNE 5, 2017

Reuters said the company had hired bankers from Goldman Sachs, Morgan Stanley and Citigroup to look into the possibility. Blue Apron on Thursday filed to go public , but that doesn’t mean the meal-kit pioneer has won the start-up game. From 2014 to 2016, the company grew revenue from less than $80 million to almost $800 million.

System 172

System Marketing Company Report 172

PYMNTS

OCTOBER 11, 2017

According to the Fed, small business lending at surveyed community banks increased at its slowest pace of any other category of loans, while small business lending dropped among all community banks overall. But new analysis from the Federal Reserve has identified a reversal in community banks’ position in the small business lending market.

Community Bank 108

Community Bank Community Lending Survey 108

CFPB Monitor

JULY 5, 2022

Both the CFPB’s press release about the report and its press release about the ANPR contain comments from Director Chopra regarding the amount of revenues that credit card issuers generate from late fees and concerns about fee “hikes” based on inflation. It also authorized the Federal Reserve Board (which then had the Reg.

Cards 78

Cards Payments Analysis Policies 78