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The 2023 GonzoBanker Awards

Gonzobanker

Honorable Mentions – while this was a quiet year for M&A, we tip our hat to Atlantic Union’s acquisition of American National Bank and Eastern Bank’s acquisition of Cambridge Bank. Paul wrote the “ Online Banking for Dummies ” book in the late ’80s. He passed away in January 2023. What a year.

Fintech 194
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1Q 2023 Loan Pricing Update

South State Correspondent

ROE Targets Moved up in 2023 As was the theme for most of 2022, the target risk-adjusted return on equity increased from 15% at the start of 2022 to 24% at the beginning of 2023. Here, banks are still pricing lending opportunities ultra-competitively despite a massive amount of new supply coming online in many markets.

Lending 195
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AML/CFT hot topics: What to expect in 2023

Abrigo

register now Takeaway 1 While the AML/CFT industry seemed to have been in a holding pattern during 2022, regulatory movement is expected for 2023. From the Anti-money Laundering Act of 2020 (AMLA) to the SAFE Banking Act, here is a high-level look at what updates did occur and what hot topics banks will still be watching in 2023.

Fraud 195
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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

A potential economic slowdown, slower rate rises, an inverted yield curve, and deposit stress likely make 2023 a trying year compared to 2022. In the past, you have seen us rank customer relevance and total experience as a top priority for banks – not in 2023. Financial pressure will be greater, and bank margins will be higher.

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California’s Proposition 24 Vote Could Boost Online Privacy Bills In New York, Washington

PYMNTS

A ballot measure passed by a sizable majority of California voters to ramp up protections for online privacy could pave the way for similar measures across the country. The ballot measure also creates a new state watchdog agency to enforce the rules, which are slated to go into effect in 2023.

New York 254
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Panera Dials Up Online Grocery Business

PYMNTS

Panera Bread has entered the online grocery business. According to the National Restaurant Association , the restaurant industry experienced its largest one-month employment decline in March. The survey found that 42 percent of respondents purchase groceries online at least once a week, up from 22 percent in 2018.

Online 142
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CBA releases survey results on consumer satisfaction with mobile and online banking innovation and scam prevention

CFPB Monitor

The Consumer Bankers Association has released the results of a national survey that looked at how consumers value banking services and innovation. The survey was conducted in February 2023 and included 1,197 adults across the U.S., representative by geography, age, gender, education level, and race.

Survey 78