Independent Banker

OCTOBER 31, 2022

ITMs and VTMs are popular retail banking innovations among community banks. We spoke with two community banks that have ramped up their services to meet—and exceed—the changing expectations of customers. Community banks are constantly looking to the future and identifying what customers want. Jeff Versluys, One Community Bank.

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PYMNTS

OCTOBER 12, 2020

These comment letters highlighted the need for features to address accessibility, interoperability, security, liquidity, and fraud prevention,” Montgomery said. He noted there has been additional input from the FedNow Community of 700 members. Core clearing and settlement functions will be delivered in that initial 2023/2024 timeframe.

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Perficient

DECEMBER 29, 2020

Organizations leveraging Drupal need to consider the ongoing maintenance and upgrades required to keep Drupal secure and enable your authors with new features and modules. Regardless of the major version of Drupal, it’s important to continue to quickly apply patches associated with security bulletins. Why upgrade to Drupal 9?

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South State Correspondent

DECEMBER 13, 2023

Quantitative Tightening The Fed engaged in QE (buying Treasuries and mortgage-backed securities) in response to the great financial crises and then escalated this policy tool during the pandemic. QT is the opposite, where the Fed sells securities and drains cash held by banks at the Fed. Increase product engagement and duration.

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Perficient

FEBRUARY 15, 2024

The announcement of significant amendments to the DFS500 regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector. Embracing these changes enables entities to fortify their operations, safeguard stakeholders, and instill trust within the broader financial community.

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Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence The announcement of significant amendments to the New York State Department of Financial Services (NYSDFS) regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector.

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South State Correspondent

AUGUST 21, 2023

Earlier this month, on August 7, 2023, Moody’s Investor Services (“Moody’s”) published a banking sector review. However, that publication, directly and indirectly, identified three discrete risks affecting community banks. We will outline what we think community bankers should glean from this publication.

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Abrigo

JUNE 19, 2022

New Fed Tool: ELE for 2023 CECL implementation The Federal Reserve's new Expected Loss Estimator, or ELE, tool for CECL is a spreadsheet-based option for smaller financial institutions to implement the current expected credit loss standard. You might also like these webinars especially for 2023 CECL adopters: "CECL Streamlined."

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Independent Banker

FEBRUARY 28, 2023

By Jim Reber, ICBA Securities As many community bankers are still picking up the pieces from their bond portfolio’s meltdown last year, it occurs to me that the breathtaking rise in rates has created at least one byproduct that is both unusual in frequency and tangibly beneficial for future performance. on issue date each month.

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Ublocal

MARCH 10, 2023

Review Your Passwords Without strong passwords on your accounts, any other security measures you take will be less effective. Not only can excessive emails be a source of stress, they can also become a security problem. Finally, secure your devices with a password, PIN or other login to help protect your email.

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social media Security New Hampshire Data 52

Bussman Advisory

OCTOBER 7, 2023

Join our community of 50,000+ subscribers and stay informed on the latest trends and news in the FinTech & AI world with the weekly newsletter provided by Bussmann Advisory. This week’s must-know stories: Metro Bank’s Financial Struggles: Will Metro Bank in the UK be 2023’s next banking collapse?

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Perficient

SEPTEMBER 11, 2023

Already reviewed by Perficient, BES provides a secure and efficient portal to exchange documents, information, and communications for consumer compliance and Community Reinvestment Act (CRA) examinations. Bank executives and supporting third parties will be authenticated using a secure two-factor authentication process.

Compliance 221

Compliance FDIC Tools Leadership 221

TrustBank

AUGUST 1, 2023

The SECURE Act 2.0 If you recall, the original SECURE Act (Setting Every Community Up for Retirement Enhancement) was passed in 2019, but it needed some changes and add-on’s. The general idea of the SECURE Acts was to get people saving more for their retirement since the days of pensions are fading in the rear-view mirror.

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Independent Banker

DECEMBER 31, 2022

Here’s how community banks can enhance their payments offerings. As 2023 kicks off, community banks can respond to today’s payments landscape by addressing five key trends. FedNow is obviously going to change the landscape for us, and I think it’s going to accelerate [digital development] for community banks,” Lakoumentas says.

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Abrigo

MAY 24, 2023

Takeaway 2 Considering the urgent need for a legislative solution, the SAFE Banking Act of 2023 could bridge the gap between state and federal marijuana laws. The new 2023 version of the SAFE Banking Act was introduced in the House of Representatives ( HR2891 ) and the Senate ( S1323 ) in May 2023.

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Independent Banker

AUGUST 31, 2022

Against this backdrop, agtech—the application of technology to every aspect of the food production process, from farm to table—is growing in importance to the mission of ICBA and community banks. In fact, community banks provide about $155 billion in agriculture loans. Farmers and Merchants Bank in Milligan, Neb., serves as an example.

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Abrigo

MAY 30, 2023

DOWNLOAD Takeaway 1 The effective date of the CFPB's new rule based on Section 1071 of the Dodd-Frank Act is June 28, 2023. Takeaway 2 Reporting tiers and their deadlines are based on the number of covered transactions to small businesses that a lender originated in 2022 and 2023. But compliance deadlines are tiered.

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Compliance Lending Data Regulation 195

American Banker

DECEMBER 26, 2023

Here is a highlight of 10 great American Banker Magazine features from the year. Topics range from redlining to the Most Influential Women in Fintech.

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South State Correspondent

APRIL 23, 2023

Fair Value versus Amortized Cost The amortized cost of assets is the accounting treatment applied to securities known as held-to-maturity, or HTM. In the case of SVB, the bank’s HTM securities portfolio was $91.3Bn at the end of 2022, and the bank did not need to provide the fair value of these securities on its balance sheet.

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American Banker

JANUARY 31, 2024

The acquisition had initially been slated to close in mid-2023. The Seattle-based buyer now expects to finalize the deal in February, gaining entrance to California and eclipsing $30 billion of assets.

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South State Correspondent

JANUARY 30, 2023

Rising funding costs and decreasing liquidity at community banks are causing managers to change pricing methodology for new credits. We estimate that 25% to 50% of community banks have a policy requiring minimum yield or credit spreads for new commercial loans. The drop in liquidity ratios is expected to accelerate through 2023.

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Jeff For Banks

FEBRUARY 1, 2024

The Fed began tightening at its March 17, 2022 meeting with a 25 basis points increase in the Fed Funds Rate and ended July 26, 2023. The liquidity ratio calculation: (Cash & Due + Securities + Fed Funds Sold & Repos - Pledged Securities) / Total Liabilities And look how the liquidity ratios tumbled.

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PYMNTS

JANUARY 3, 2019

A new study has revealed that retailers will lose around $130 billion in digital CNP (Card-not-Present) fraud between 2018 and 2023. billion annually on FDP solutions in 2023. Its EMV 3-D Secure Protocol and Core Functions Specification v2.2.0 In addition, Juniper is predicting that digital payment companies will spend $9.6

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Abrigo

MARCH 8, 2024

In 2023, reported fraud losses surged to over $10 billion, a 14% increase from 2022, despite a similar number of cases being reported at 2.6 Create and follow your internal processes for communications and security. Notably, the nature, targets, and methods of perpetuating fraud are evolving. The best defense is a good offense.

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South State Correspondent

APRIL 22, 2024

In this article we will discuss how borrowers should anticipate the evolution of the economy as it relates to their financing needs and discuss how community bankers should advise their clients to minimize risk and maximize their client’s profits. A recent 2023 paper from the Federal Reserve Bank of St.

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Marketing St. Louis Analysis Study 195

PYMNTS

JUNE 24, 2020

. “We want our partners to remain focused on their customers’ payment needs, and we assist them technologically to deliver payment solutions in an agile, reliable and secure method,” added Sur. Global m/eCommerce continues to evolve and is expected to reach $4,574 billion by 2023,” according to Allied Market Research.

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Abrigo

SEPTEMBER 11, 2023

Automation also helped financial institutions better serve their communities by, for example, reducing the time it takes to process a loan application. Fintechs have developed a strong competency around these advances. The utilization of generative AI has sparked legitimate concerns about data security.

Risk Management 195

Risk Management Data Technology Fintech 195

Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. Data privacy and security is a hot topic and is only getting hotter. By Katie Kuehner-Hebert. Bob Hickok.

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Data How To Community Bank California 91

Abrigo

APRIL 25, 2024

Data in this report is current as of Q2 2023 and is representative of market trends and conditions at the time of publication. The Fed’s latest Small Business Credit Survey , conducted in 2023 and released in 2024, found that nearly 60% of employer firms had sought financing in the previous 12 months.

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Abrigo

DECEMBER 18, 2023

WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. But that might not be the best move for your financial institution or your community. You might also like this webinar on credit department housekeeping.

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PYMNTS

APRIL 22, 2020

GPay has a supportive ecosystem from G-Group with above 20 million users of financial platforms, game community, social network and technology companies. The technology holding company also has member businesses in gaming, security and financial services. . Tran said GPay was in discussions with investors for a Series A funding round.

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Abrigo

NOVEMBER 17, 2023

While some of the recent trending fraud schemes are not new, they have been transformed to prey on communities already dealing with unprecedented times. billion to fraud in 2022, a 44% increase over the prior year and a trend that has continued into 2023. The downturn in the economy has undoubtedly affected fraud statistics as well.

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Independent Banker

MAY 31, 2022

Josh Prejean (right) of Bank of Zachary, here with mortgage client David Rozas, says community banks must compete through customer service. We look at how community banks can counter nonbanks’ offerings through streamlined technology, customer service and other strategies. million in 2023. trillion this year and $2.72

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South State Correspondent

APRIL 30, 2022

In this article, we analyze the industry’s cost of funding earning assets (COF) and track how community banks’ COF behaves relative to larger banks. In future articles, we will explain our modeling for community banks’ COF based on inflation, Fed Funds rates, consumer consumption and the Fed’s balance sheet runoff.

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South State Correspondent

AUGUST 15, 2023

This article provides an update on pricing trends driven by our Loan Command aggregated community bank data and highlights some working pricing ideas. A combination of credit concerns and funding pressure have most community banks focusing on their existing customers and moving away from new transaction-orientated clients.

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Trends Community Bank Community Lending 195

PYMNTS

AUGUST 5, 2019

The central bank is currently requesting comments on the design of the service, which it expects to make available in 2023 or 2024. Through the FedNow service, we hope to provide a modern infrastructure for the future of faster payments with safety and security for all,” Brainard said.

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Independent Banker

APRIL 30, 2022

Here’s how community bankers can take advantage of various sectors—including SBA lending—over the next 12 months. Community banks that have struggled to grow their commercial loan portfolios over the past two years are optimistic that there are brighter days ahead this year and next. billion asset community bank. Many of the $1.7

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