South State Correspondent

FEBRUARY 27, 2022

In our article last week ( HERE ), we discussed how the yield curve is currently flat between the three and 20-year points. Banks that cannot offer competitively priced term loans out to 20 years may be at a significant disadvantage when competing or retaining top-quality customers. Current ARC Pricing. Why ARC Makes Sense.

Lending 195

Lending Community Bank Community Meeting 195

Abrigo

MARCH 15, 2022

Offering Digital Consumer and Commercial Accounts Benefits Financial Institutions Banks and credit unions that enable online/digital account opening win new customers and members and retain existing ones. . Would you like other articles like this in your inbox? But it’s one of the most important capabilities for banks today.”

Online 195

Online Lending Survey Digital Banking 195

Independent Banker

APRIL 30, 2022

During the pandemic, many community banks needed to change how they operated. For this and other reasons, now is a good time to review and refresh articles, bylaws and committee charters to ensure resilience and bolster risk management. Oregon Pacific Bank had to close lobbies and send half of its workforce home.

Oregon 91

Oregon Community Bank Community Meeting 91

Gonzobanker

MAY 31, 2019

Financial institutions that want to play in the small business lending sandbox need to bring their digital toys. article , former Small Business Administration administrator Karen Mills said community banks with strong small business customer bases that don’t find new ways to serve them digitally are going to face a “reckoning.”

Lending 141

Lending Community Bank Community Data 141

Abrigo

DECEMBER 17, 2021

Prepare for Future Staffing Needs Now As we transition to 2022, now is the perfect time to analyze current staffing levels at your financial institution. . Would you like other articles like this in your inbox? Small, low-risk institutions may have one compliance officer to run all compliance functions, including BSA.

Compliance 195

Compliance Training Fraud Resources 195

Gonzobanker

MARCH 23, 2020

In the midst of Coronavirus uncertainty, we must be mindful of what we can control and how we want our story to be read. Many pulled out their business continuity playbooks, took actions to ensure the safety of employees and customers, and started preparations for what’s to come. But how can we prepare for the unpredictable?

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Community Bank Tools Case Study Online 152

Abrigo

FEBRUARY 24, 2022

Would you like other articles like this in your inbox? Taking on risk is a necessity to generate the returns needed to hit desired financial goals. It also describes how financial institutions can make sure they measure interest rate risk accurately.

Management 195

Management Analysis Strategy Policies 195

South State Correspondent

MARCH 7, 2022

As the pace of banking innovation speeds up, the OODA Loop, and its supporting concepts, can help a bank’s management team have a common framework to make decisions faster and more effectively. In this article, we highlight the framework and show its power. The History of the OODA Loop. The History of the OODA Loop.

Strategy 221

Strategy System Training Examples 221

Abrigo

APRIL 22, 2024

Recent dynamics of the small business lending market A deep understanding of the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. You might also like this guide for smarter, faster small business lending.

Lending 195

Lending St. Louis Community Marketing 195

PYMNTS

NOVEMBER 29, 2019

Vitamins need regular restocking, and The Vitamin Shoppe has been offering them via subscription for the last two years. It was hard to pick up any article about retail and not end up reading an obituary for a mall in 2014. Shoe Bank lets users exchange shoes they no longer want to get a different pair from another user.

Retail 151

Retail Innovation Online Meeting 151

Ublocal

MAY 4, 2022

Union Bank has always prioritized giving back to the communities we serve. We understand what a difference generosity can make to our towns, it’s in our DNA — because we live here, too. Each season we’ll dedicate an article that will focus on some of the great work our non-profit partners have been up to.

Vermont 52

Vermont Regional Community New Hampshire 52

South State Correspondent

MARCH 28, 2024

If your bank has not done so already, it should consider getting involved for the benefit of customers and shareholders. In this article, we breakdown the details and discuss seven strategies and seven tactics banks use to set themselves apart. Last year’s Inflation Reduction Act still has almost $400B to deploy.

America 195

America Strategy Taxes Community 195

Jeff For Banks

NOVEMBER 30, 2013

The holidays are upon us and the public relations blitz is on so we patronize small businesses for Christmas shopping. Do small businesses have a unique value proposition that larger stores do not? The latter is a failed business idea. If Lowes secured the necessary permits to open shop, bye bye small lumberyards.

America 89

America Community Community Bank US 89

PYMNTS

APRIL 30, 2018

Digital banks. According to a Crunchbase article published in February of 2018, investments in blockchain and blockchain-related startups (excluding initial coin offerings, or ICOs) were already 40 percent of what they were in 2017. But they’re spending small (emphasis on small) amounts of money to do that. Blockchain.

Fintech 183

Fintech blockchain Lending Digital Banking 183

MyBankTracker

MAY 28, 2020

Possible Finance is a smartphone app-based personal lender that extends small personal loans to people with poor or no credit history. Possible Finance offers small loans, making it best-suited for people who need to meet a small, unexpected expense. On-time payments can help build credit. Repayment Period.

Texas 52

Texas Meeting Idaho Payments 52

MyBankTracker

SEPTEMBER 14, 2020

Personal loans are a uniquely flexible type of loan that can help you cover unexpected expenses, fund a project, or consolidate debt. Unlike mortgages or auto loans, which lenders only offer for specific uses, very few lenders place restrictions on what you can do with a personal loan. Easy credit union membership.

Lending 52

Lending Massachusetts Security Payments 52

Jeff For Banks

DECEMBER 16, 2022

The first bank to crack the Top 5 over $50 billion did so in 2020. As a reference, the best SIFI bank in five-year total return this year was JPMorgan Chase at 82nd overall. My method was to search for the best banks based on total return to shareholders over the past five years. Its headquarters is the only location.

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

South State Correspondent

MAY 31, 2023

It is a dangerous troupe in banking that an omnichannel approach is best. The concept that we allow the customer to choose how they want to bank often enables the bank to be passive in its position and give up agency. Branching is likely your bank’s highest functional cost, just ahead of loan production.

Data 195

Data Branch Strategies Strategy Mobile 195

MyBankTracker

MAY 23, 2020

If you’re considering applying for a personal loan, this review will cover everything you need to know about Opploans. On-time payments can help build credit. When you apply for a personal loan, you probably have a specific need, such as an unexpected bill, in mind. Designed for borrowers with bad or no credit.

Rhode Island 52

Rhode Island Nebraska Alabama South Dakota 52

Jeff For Banks

MAY 16, 2015

Are we trying to fool ourselves into believing that all of our Board members are reading the 300+ pages we send to them two days prior to the Board meeting every month? How could they? Other business such as approving policy changes, large/exception credits requiring Board approval as per policy. It's 300 pages! In two days!

Report 60

Report Policies Risk Management Meeting 60

NCR

NOVEMBER 15, 2016

Aware of the disruptive changes in how banking products and services are delivered, community banks continue adopting new technologies to keep up with competition and customers’ demand. Will a mobile banking app really help to solve community banks’ challenges or is it just a waste of money? So what can we suggest?

Community Bank 40

Community Bank Community Mobile Rhode Island 40

South State Correspondent

MARCH 7, 2024

By now your bank is likely convinced on the merits of generative AI. Microsoft’s Office 365 CoPilot, the integration of the Microsoft version of OpenAI’s Chat GPT into the Office suite, represents the fastest, and likely safest way, to integrate the latest technology within your bank. What is CoPilot for Banks?

Training 195

Training Data Tools Technology 195

MyBankTracker

MAY 30, 2020

RISE Credit offers loans ranging from $500 to $5,000, which gives you a lot of flexibility when it comes to meeting unexpected expenses. If you’re considering a loan from RISE Credit, this review will tell you everything that you need to know. You want to be able to borrow exactly as much as you have to borrow to meet your need.

Wisconsin 52

Wisconsin Meeting Payments Virginia 52

MyBankTracker

JUNE 11, 2020

Personal loans are highly flexible loans that you can use for almost any purpose. Whether you’re covering an unexpected expense, consolidating existing debt , or funding a home improvement project a personal loan can help you meet your financial needs. How to Get Approved for a Personal Loan.

Lending 52

Lending Meeting Payments Resources 52

Jeff For Banks

AUGUST 1, 2015

I recently read Playing to Win: How Strategy Really Works by A.G. The book identified five choices businesses have to make to win, called the Cascade of Choices, because each one cascades from the prior one. But then I tried to think of banks that are making these choices. Banks rarely had to choose. How will you win?

Strategy 60

Strategy New Jersey System Risk Management 60

South State Correspondent

OCTOBER 28, 2022

Small Idea – It’s Our Kid’s Technology. Almost every bank and brand we spoke with will increase their investment in these two areas for 2023. This was followed by a focus on banking-as-a-service, embedded finance, open banking, Web 3.0, Small Idea – You Will Need a New Core Soon. It is closer to five.

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Conference Technology Las Vegas Trends 195

MyBankTracker

JUNE 6, 2020

It offers loans that tend to be more limited and more expensive than a traditional bank or lender but charges far less than predatory lenders. If you’re having trouble qualifying for a typical personal loan but need to borrow money, NetCredit might be an option worth considering. On-time payments can help build credit.

South Dakota 52

South Dakota Mississippi Lending Alabama 52

PYMNTS

APRIL 29, 2019

Yet, there’s an insight here that goes well beyond the number of dollars Amazon will invest, and how well the company may manage investor and analyst expectations in light of revised Q2 guidance. And how much are consumers willing to pay to get that certainty? And how much are consumers willing to pay to get that certainty?

Online 162

Online Retail Study Cards 162

MyBankTracker

AUGUST 11, 2020

You can buy what you need, take it home, and then make lease renewal payments until you’ve paid off the item. How Does Acima Credit Work? Acima partners with multiple merchants to help you get the merchandise you need — when you need it. Here’s what you need to know about Acima financing.

Retail 52

Retail Cards Wisconsin Security 52

South State Correspondent

JUNE 15, 2023

Likely, you do not have a common management framework at your bank. Some banks do. This article discusses using EOS in banking – the Entrepreneurial Operating Model. This article discusses using EOS in banking – the Entrepreneurial Operating Model. No doubt your bank does fine.

Operations 195

Operations System Tools Management 195

Jeff For Banks

JULY 8, 2019

My focus today is on consumer banking. Which is becoming more challenging for the community financial institution due to heavy competition from money center and super-regional banks, credit unions, and fintech firms. I don't think community financial institutions can fund themselves solely from their commercial customers.

Retail 60

Retail Community Taxes Strategy 60

Long Lasting Ideas

JANUARY 5, 2015

A generation ago, bankers could count on young people –piggy banks in hand — riding their parents’ coattails to the neighborhood branch. As the years passed a kid who opened a savings account at 10 opened a checking account or a student loan at the same bank before heading off to college at 18.

Marketing 40

Marketing Millennials Community Bank social media 40

MyBankTracker

JULY 2, 2020

A job loss or another change in circumstance can make it difficult to pay your mortgage. Falling behind on payments can put you at risk of foreclosure — but don’t assume the worst. A mortgage modification can help keep your head above water. Modifications can provide the same outcome as refinancing.

Payments 52

Payments Meeting How To Report 52

FICO

JULY 14, 2016

Recently the business press has done some excellent reporting on the challenges faced by banks in their de facto position as front-line financial crime fighters. For example, one global bank spent almost $3 billion on financial crime compliance in 2015, with a department staffed with 9,000 personnel.

Analytics 40

Analytics Meeting Compliance Fraud 40

Jessica Ellerm

DECEMBER 5, 2017

As a business owner myself, I feel I can talk to this point with some real world experience. Aside from the pain points, in Australia alone there are serious economic reasons why we desperately need innovation in this space. Accounts payable is the least fun part of the 5 or so hats I wear on a weekly basis.

Fintech 65

Fintech Innovation Capital Report 65

NCR

JULY 14, 2017

According to the latest data from the World Bank , approximately two billion adults worldwide don’t have a basic bank account. It’s estimated that more than 200 million formal and informal micro, small and medium-sized enterprises in emerging economies are unable to access the financing they need to thrive and grow.

ATM 80

ATM Industry Conference Bitcoin 80

MyBankTracker

NOVEMBER 25, 2020

These loans are flexible in nature, so you can use them for many purposes like debt consolidation, home improvements, a vacation, etc. If you’re approved, you can typically get funds within a week. You’ll learn whether you meet the minimum requirements for a personal loan. How to Evaluate Your Personal Loan Offer?

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How To Cards Report Payments 52