Jeff For Banks

AUGUST 14, 2022

In 2012 the Obama administration launched "Operation Choke Point" ("OCP") which was designed to ensure banks considered the risk of banking payday lenders that were engaged in abusive practices. But in January 2021, the new OCC announced it would pause the "Fair Access" rule that was intended to prevent another Operation Choke Point.

Operations 78

Operations Lending FDIC Industry 78

Abrigo

OCTOBER 20, 2020

The banking industry has faced many challenges in 2020, from transitioning to CECL, managing Paycheck Protection Program loans, and navigating an unprecedented economic recession. More than 500 banking professionals across the country gathered for a two-day 2020 ThinkBIG: Manage Risk. Plan for new technology and innovations.

Management 195

Management Lending Community Strategy 195

PYMNTS

JULY 27, 2020

Noting that some countries are able to operate more normally now than the U.S., The following is an excerpt from How 35 Execs Are Powering The Great Digital Shift Of 2020 (And Beyond) , contributed by Tipalti CEO and Co-Founder Chen Amit. There are no more excuses for investing in a modern, viable FinTech stack.

Operations 183

Operations Fraud Payments How To 183

Independent Banker

DECEMBER 31, 2021

If 2020 was the year no one expected, 2021 was a year of resetting expectations. Independent Banker ’s annual Community Bank CEO Outlook survey reveals how community bank leaders plan to leverage today’s deposit-laden banking environment to grow this year. Janet Silveria, Community Bank of Santa Maria. Click to enlarge.

Community Bank 144

Community Bank Community Lending Louisiana 144

Jeff For Banks

JANUARY 14, 2021

In June of 2008 I gave a speech titled "The Death of the Community Bank" and in that speech I made predictions. Much like the General Store fell victim to the supermarket and the lumber yard fell victim to Home Depot, I predicted the community bank that did not pick targeted customer niches or develop product expertise will meet it's doom.

Community Bank 130

Community Bank Community FDIC Strategy 130

PYMNTS

JANUARY 6, 2020

Community banks are pushing for a stronger role with their small business (SMB) customers. However, through an embrace of FinTech collaboration and industry consolidation, community banks appear poised to further dispel assumptions of a lack of digitization. has dropped from 8,000 in 2004 to about 5,400 in 2018. Strengthening SMB Ties.

Community Bank 123

Community Bank Community Payments Fintech 123

Gonzobanker

JANUARY 17, 2020

Well GonzoBankers, the gang is back to work and we are all headed face-first into 2020 – a year with more uncertainty than most about how things will turn out. So, to get your Gonzo executive brains warmed up for a new year, I offer you 20 important banking realities for 2020 to guide your strategic execution efforts: 1.

Customer Experience 127

Customer Experience Fintech Regional Cards 127

Perficient

JULY 6, 2021

The extension of the Federal Reserve’s PPPLF serves as an operational accommodation to allow additional processing time for banks, community development financial institutions and other financial institutions to pledge to the facility PPP loans and obtain funding for the loans.

Community 309

Community Operations 309

Perficient

JANUARY 29, 2021

OneStream is growing at a rapid pace and for 2020 achieved more than 85% growth in Annual Recurring Revenue (ARR). Adding over 100 new customers in 2020, thus growing its base to more than 650. Perficient’s status is a reflection that more companies are turning to OneStream to reduce the complexities of financial operations.”

Training 436

Training Houston United States Software 436

Social Assurance

SEPTEMBER 10, 2020

2020 has seen its fair share of hardships. Michigan State Federal Credit Union saw these negative impacts and decided to be the helpful spark its community needed. To enter, members of the community had to order takeout from a local restaurant and snap a photo of their meal.

Community 29

Community social media Michigan Cards 29

Jack Henry

JANUARY 6, 2021

Reflecting back on 2020, the community banking and credit union industries should be proud of how this unprecedented pandemic and resulting economic crisis was managed. This familiar wish resonates now more than ever before.

Financial Technology 144

Financial Technology Trends Technology Community Bank 144

Independent Banker

SEPTEMBER 30, 2021

Under Larry Wilson’s leadership, First Arkansas Bank and Trust’s branch on the Little Rock Air Force Base was named the 2020 Air Force Bank of the Year. Community banks operate on a majority of the country’s military installations. Community banks comprise more than two-thirds of the 66 banks operating on U.S.

Arkansas 168

Arkansas Community Bank Community Operations 168

South State Correspondent

MARCH 21, 2023

The need for a known, reliable brand creates an excellent opportunity for community banks to help small business customers while building deposit balances. Background of ERC ERC exists to assist businesses that were put under severe financial strain due to the government-mandated lockdowns from the 2020 COVID-19 pandemic.

Taxes 195

Taxes Community Bank Community Operations 195

Perficient

JULY 30, 2020

Global pandemics may be rare, but crises of all sizes affect business operations in unforeseen ways. And, after employees are back, additional steps will be needed to optimize current operations and/or prepare for the next disruption. See open jobs or join our community for career tips, job openings, company updates, and more!

Training 322

Training Community Innovation US 322

Jeff For Banks

NOVEMBER 4, 2022

Credit Unions held an edge in the Cost of Interest-Bearing Liabilities until 2020 when their cost eclipsed that of Banks-SBs. million is somehow benefiting one of the other three stakeholders: employees, customers, or communities. And for those uninitiated in balance sheets, retained earnings are generated from profits! And the $11.8

Operations 78

Operations Analysis Capital Community 78

Independent Banker

JANUARY 31, 2022

These community banks are working to fix that through microlending programs. One of the harsh realities revealed by the flood of Paycheck Protection Program (PPP) money distributed in 2020 and 2021 is that many businesses and entrepreneurs in need of small-balance loans fell through the cracks. By Beth Mattson-Teig. in Toms River, N.J.

Lending 150

Lending Community Community Bank Compliance 150

PYMNTS

JANUARY 24, 2020

The firm, based in South Africa, said it will use the funding to scale operations across Southern Africa, the U.S. In a rarity for B2B FinTech funding, B2B payments startup Flutterwave announced a $35 million fundraise, turning the spotlight to Nigeria’s FinTech community. Flutterwave. Berkshire Grey.

Fintech 198

Fintech Capital San Francisco Georgia 198

PopularBank

JULY 15, 2020

Popular Bank Chief Operating Officer Manuel Chinea has been named Chairman of the Hispanic Federation Board of Directors. The announcement made on Thursday, July 9, 2020 follows his election during the board’s quarterly meeting. The mission of the Hispanic Federation is to empower and advance Hispanic communities.

Puerto Rico 52

Puerto Rico Operations Community Leadership 52

PYMNTS

NOVEMBER 16, 2020

billion in revenues for 2020’s first nine months. COVID-19 has materially adversely affected our recent operating and financial results and is continuing to materially adversely impact our long-term operating and financial results,” the company wrote in its prospectus. million in the third quarter on revenue of $1.34

Company 241

Company New York Community Operations 241

PYMNTS

JANUARY 8, 2021

There's no doubt that the small business community is facing a period of immense tribulation. As Eiriz explained, the small business lending community has the opportunity, and perhaps even the obligation, to embrace collaboration and dig deeper into the entrepreneurial community in order to best serve SMBs and support the broader economy.

Strategy 231

Strategy Community Maine Lending 231

Perficient

DECEMBER 27, 2023

Navigating AML and OFAC Compliance Risks Regarding anti-money laundering (AML) and Office of Foreign Assets Control (OFAC) compliance risks, bank executives must navigate operational and compliance challenges tied to fintech relationships. Manage third-party risks, especially for relationships involving higher-risk or critical activities.

Compliance 221

Compliance FDIC Regulation Fraud 221

Independent Banker

FEBRUARY 29, 2020

“Today’s technology environment opens the door to a world of opportunity for community bankers.”. Welcome to Independent Banker’s ICBA LIVE 2020 issue! As a child, the concept of the year 2020 seemed so far-fetched. Burgeoning customer expectations demand that technology plays a pivotal role in community banks’ strategies.

Community Bank 155

Community Bank Community Technology Customer Experience 155

Gonzobanker

AUGUST 21, 2020

If the first half of 2020 taught financial institutions anything, it’s that they must be nimble enough to adjust to change on short notice. But community banks would be wise to shift resources to double down on operational efficiencies and digital investments.

Software 78

Software Meeting Tools Community Bank 78

Perficient

JANUARY 7, 2021

In the pre-pandemic era, some of the stigmas of a global delivery model for projects included fears that getting a hold of your team on-demand is necessary to get work moving faster, spending time together physically to understand and communicate better is key with a culturally diverse group; you get what you pay for, and so on.

Community 340

Community US How To Meeting 340

PYMNTS

DECEMBER 30, 2020

With trade shows canceled and enterprise digitization accelerated, 2020 was a big year for the adoption of B2B eCommerce. Retail giants like Flipkart ramped up their investments in online wholesale operations this year, with the pursuit of the "Amazon-like experience" continuing to be a driving influence for the sector.

Online 302

Online Meeting Payments Fintech 302

Jeff For Banks

AUGUST 2, 2021

This is not a high level of revenues to handle all the expenses involved with operating a troubled banking organization at the time. The result was that our non-staff expenses have gone from 2012 levels of $2.4MM to 2020 at $2.7MM. million in 2020. The item is that profit is not made on day of sale but over time. I think so.

Community Bank 78

Community Bank Community Minnesota Metro 78

Ublocal

MAY 4, 2022

Union Bank has always prioritized giving back to the communities we serve. From food shelfs and Meals on Wheels , to community health care providers and cancer research, to low & moderate-income housing projects, to performing arts and youth sports, trail organizations and more. Union Bank is a recurring supporter of NVRH.

Vermont 52

Vermont Regional Community New Hampshire 52

PYMNTS

OCTOBER 19, 2020

billion for a controlling stake in the hypermarket operator Sun Art Retail Group , Alibaba said in a statement on Monday (Oct. As of June 30, 2020, Sun Art operates 481 hypermarkets and 3 mid-size supermarkets in China, with a focus on strengthening its position through small and offline community stores.

Online 231

Online Retail Groups Operations 231

PYMNTS

DECEMBER 16, 2019

I’ve connected a few of the dots from over the last decade that I believe will shape how the world will evolve in the 2020s, as well as the role of payments in driving that change. 2020 Trendline One: Rapid Acceleration Of Cash To Digital Payments. 2020 Trendline Two: The Rise Of On-Call Commerce.

Payments 180

Payments Innovation Cards Google 180

Social Assurance

SEPTEMBER 10, 2020

Sanibel Captiva Community Bank supports nonprofit organizations that make a meaningful impact in the lives of Southwest Floridians. Community is in its name and it’s central to its values. The post Community Spark Award 2020 Finalist: Sanibel Captiva Community Bank appeared first on Social Assurance.

Community Bank 15

Community Bank Community Florida Operations 15

PYMNTS

MAY 28, 2020

percent for fiscal year 2020 Q1 compared to Q1 2019. for the first quarter of 2020. percent rise in same-store sales along with a 230 basis point improvement in operating margin for Family Dollar, according to an announcement. for the first quarter of fiscal 2020. Dollar General reported net sales of $8.4 reported a 15.5

Operations 131

Operations Community Report Retail 131

Perficient

NOVEMBER 10, 2020

These are just a few examples of how I’ve been able to give back to the community in ways that are personal to me, and that’s something that’s true across Perficient. Our colleagues are incredibly active in giving back to their communities in meaningful ways that are personal to them. healthcare systems. Luke’s Hospital?

St. Louis 294

St. Louis Community Missouri Leadership 294

Independent Banker

NOVEMBER 30, 2021

Community bankers’ awakening to new possibilities has made for an impactful year and will help position community banks to flourish in 2022 and beyond. But I also wanted to recognize the widespread acceptance of innovation I’ve witnessed among community bankers during 2021, another challenging year. By Charles Potts, ICBA.

Community Bank 134

Community Bank Community Innovation Video 134

NCR

DECEMBER 18, 2017

Community banks are an integral part of the US banking system. In the US, a community bank is typically defined as one with assets of less than $1 billion – and for many people a local credit union or community bank is often the first choice when opting for a financial services provider. Why does all this matter?

Community Bank 79

Community Bank Community Innovation ATM 79

PYMNTS

JANUARY 22, 2021

I am simply amazed at how well my team, my clients and the industry pulled together in 2020 to conquer significant business and societal challenges. As a result, our communities have grown stronger and I think we have a newfound sense of confidence in our ability to handle change. It’s been a year of rapid change.

Innovation 172

Innovation Tools Leadership Customer Experience 172

CFPB Monitor

NOVEMBER 16, 2021

6247-A) to the New York Community Reinvestment Act (NYCRA) that expand the NYCRA’s coverage to non-depository mortgage lenders. Expansion of CRA coverage. On November 1, New York Governor Hochul signed into law amendments (S.5246-A/A.6247-A) The amendments are effective November 1, 2022.

New York 78

New York Community Regulation Data 78

PYMNTS

OCTOBER 7, 2020

EMQ already operates in Japan. EMQ didn't stipulate in Wednesday’s news release which markets or product enhancements might be next, but said that additional "real-time" services will be available in new geographies by the end of the calendar year 2020. “As

Regional 218

Regional System Operations Community 218