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. . Why online/digital account opening is so popular. Now a Common Offering.

Online 195

Online Lending Survey Digital Banking 195

Abrigo

JULY 5, 2020

Key Takeaways Credit unions participating in the Paycheck Protection Program (PPP) found that the right technology helped them serve business members when they needed help and also gain new members. Technology can facilitate delivery on credit unions' brand promise of relationship-based services.

Technology 195

Technology Lending Capital Meeting 195

Abrigo

JANUARY 27, 2022

Takeaway 2 If the market trends downward for long, banks and credit unions could actually see another increase in deposits. The Federal Reserve’s signal this week that it will start raising interest rates in March 2022 generated a collective high-five throughout the banking industry. Interest Rates.

Strategy 195

Strategy Management Policies Lending 195

Abrigo

AUGUST 16, 2017

A recent Sageworks whitepaper addresses how banks and credit unions can leverage digital channels to grow the loan portfolio and remain competitive with the emerging trend of alt-lenders in the small business lending space.

Community Bank 210

Community Bank Trends Analysis Innovation 210

Abrigo

NOVEMBER 6, 2019

Small Business Loans | 5 minute read Key Takeaways Credit unions' small business loans hit a record low, while small business lending continues to remain strong at big banks and community banks. Going digital can help reduce the cost of small business lending and capture more member business loans.

Lending 150

Lending How To Community Community Bank 150

Abrigo

JANUARY 13, 2020

Key Takeaways Cross-selling may be the most efficient way for your financial institution to achieve strong growth. Cross-selling: An efficient growth investment. In 2020, a top focus for community financial institutions is new customer acquisition, according to the BAI Banking Outlook: Trends in 2020 survey.

Lending 150

Lending Study Survey Community 150

Gonzobanker

DECEMBER 22, 2020

Banks and credit unions had to fundamentally change their delivery, support and relationship management models at scopes and speeds that were unheard of. And how did community banks and credit unions respond to the COVID craziness? Bad things about the banking industry. Remember that? Everything.

Idaho 172

Idaho Community Industry Strategy 172

Abrigo

MAY 30, 2017

One of the biggest obstacles for many community banks and credit unions with aggressive growth goals is staffing. However, growing the staff can be a real challenges for many banks and credit unions. Moreover, many community banks and credit unions are located in more rural areas.

Technology 150

Technology Community Bank Lending Community 150

Abrigo

DECEMBER 26, 2014

As reported earlier this week, existing home sales hit a six-month low , after two consistent months of growth. The trouble for many hopeful home buyers has been access to affordable credit. But home ownership is not off the table, as more consumers are turning to credit unions to finance their home mortgages.

Regional 186

Regional Milwaukee Lending Washington 186

Abrigo

JULY 11, 2017

First, banks should review the Dodd-Frank Act’s provision “Small Business Loan Data Collection,” which requires banks to collect information about: 1. First, banks should review the Dodd-Frank Act’s provision “Small Business Loan Data Collection,” which requires banks to collect information about: 1.

Regulation 150

Regulation Memphis Tennessee Lending 150

Abrigo

JUNE 14, 2017

Many banks and credit unions have found a path to growth via partnerships with fintechs. Technology partners offer much more than just software to banks; a fintech partnership provides delivery channels, convenience, corporate governance , advisory services, and industry data. Are customers requesting new products?

Fintech 170

Fintech Software Lending Millennials 170

Abrigo

FEBRUARY 17, 2015

commercial bank loan portfolios have continued to expand. Which areas of lending and what banks are driving the expansion? A recent issue of Banking Insights , published by the Federal Reserve Bank of St. commercial banks. commercial banks. Following the recent recession, U.S. trillion, up from $6.5

St. Louis 150

St. Louis Lending Community Bank Regional 150

Celent Banking

JUNE 22, 2017

In retail for example, there have been an abundance of headlines trumpeting the growth of digital commerce alongside struggling same-store sales at brick-and-mortar locations. Dick’s Sporting Goods, for example, announced strong sales growth and plans to add 43 new stores this year. Hence the store closings many say.

Study 125

Study Community Bank Trends Analysis 125

Abrigo

MAY 20, 2022

Fraud on Alert for 2022 A review of SAR data , government agenc y releases, a nd fraud findings found these f raud c oncerns and trends to wat ch in 2022. Would you like other articles like this in your inbox? Takeaway 1 An Abrigo review of SAR data, government agency releases, and fraud findings revealed fraud trends to watch for.

Trends 195

Trends Fraud Training Survey 195

Celent Banking

AUGUST 19, 2016

I subscribe to Marcus & Milichap’s research blog. Getting my head out of banking from time to time is refreshing and provides useful perspective. A recent blog post commented on the changing make up of commercial property construction as a result of the continued growth in digital commerce.

Retail 100

Retail America Analysis US 100

PYMNTS

AUGUST 19, 2019

There is lots of motion in the markets, with Apple officially moving into the world of being a card issuer (with mixed reviews), Venmo making moves on the bank account and Google Pay breaking up with Visa Checkout as a payments button. Don’t say we didn’t warn you.

Apple 128

Apple Google Data Cards 128

Abrigo

JULY 19, 2017

For banks and credit unions seeking to automate data entry, there are several software options on the market. One of the most common ways to import the data from a tax return into a digital system is to use Optical Character Recognition (OCR) software. The first patent for an OCR “reading machine” was filed in 1928.

Taxes 150

Taxes Software Data Lending 150

PYMNTS

AUGUST 14, 2019

Peer-to-peer (P2P) payments are blazing a hotter path in the digital economy as the second half of 2019 gets underway – and there is fresh evidence that the payment method is not only growing, but helping to influence related endeavors. Now, the company is offering an option to transfer money to the bank without a debit card for the same fee.

Payments 124

Payments Trends Cards Comparison 124

FICO

FEBRUARY 12, 2023

Home Blog FICO Top 5 Customer Development Posts of 2022: Digital Banking and Pricing Opti The most popular posts in our Customer Development category dealt with digital banking, optimizing credit line increases, loan pricing and machine learning for credit risk models.

Digital Banking 52

Digital Banking eBook Analytics Customer Experience 52

Abrigo

AUGUST 1, 2016

And banks and credit unions looking to grow business loan portfolios , especially, can benefit from insights into Millennial entrepreneurs. Banks are critical financing partners for growing enterprises. They also assume banks would turn them down due to the size of their business. They’re wary of debt.

Millennials 150

Millennials Survey Risk Management Groups 150

Abrigo

FEBRUARY 10, 2016

economy entered 2016 with stronger sales growth and improved profitability. economy entered 2016 with stronger sales growth and improved profitability. percent annual sales growth during 2015, an increase of nearly a full percentage point from the previous year, according to Sageworks’ data. percent sales growth in 2014).

Data 150

Data Trends Industry Taxes 150

Insights on Business

OCTOBER 16, 2018

Learn how leading banks, credit unions and financial services firms leverage AI and cognitive to transform experiences that scale to millions of customers. For those in API development, open banking, fintech and financial institution digital transformation. Monday, October 22, 2018. Veronese, 2nd level Room 2406.

Fraud 117

Fraud Customer Experience Analytics blockchain 117

PYMNTS

NOVEMBER 29, 2019

PYMNTS caught up with VB in the wake of the news that Google plans to launch consumer checking accounts next year in partnership with Citigroup and the Stanford Federal Credit Union. It’s the end of a holiday week and almost the beginning of a new month. Does ‘Google Checking’ Foreshadow Big Tech, FinTech Payments Changes?

Google 129

Google Mobile Data Capital 129

William Mills

SEPTEMBER 28, 2017

More than 1,000 credit union employees, 65 prospects in the market for a core system as well as 118 vendors attended. The Symitar Educational Conference (SEC) provides an opportunity for credit union employees and executives to network with peers; discuss business strategies; and learn about new technologies.

Conference 40

Conference San Diego Branch Strategies Fintech 40

Jeff For Banks

AUGUST 13, 2014

The law of large numbers in banking requires ever more asset generation as the bank becomes larger to sustain growth. The law of large numbers in banking requires ever more asset generation as the bank becomes larger to sustain growth. Some banks have done it. What a great benefit to bank with you!

NJ 86

NJ Strategy Leadership National 86

Filene

MAY 19, 2016

The Credit Union Times and Forbes recently reported on the Shastic index which gave perfect or near-perfect scores to Educational Employees Credit Union (EECU), Navy Federal Credit Union and Eastman Credit Union. ” How is your credit union’s digital literacy?

social media 34

social media Case Study Innovation Mobile 34

Cisco

MAY 29, 2019

In retail banking, it’s clear customer experience matters, and the stakes have never been higher. But, when it really comes down to it, how can banks, saddled with regulations and security challenges, compete with the experiences offered by customer-obsessed tech powerhouses and agile fintechs? And when it isn’t?

Customer Experience 72

Customer Experience Retail San Diego Study 72

Social Assurance

NOVEMBER 19, 2021

” -Jaime Faulker, Social Assurance Client Growth Manager. . ” -Jaime Faulker, Social Assurance Client Growth Manager. The second marketing goal financial brands found significant was in the areas of digital marketing and technology. A good budget doesn’t necessarily mean spending more , it means spending smarter.

Marketing 29

Marketing Branding Marketing Strategies Strategy 29

Abrigo

AUGUST 25, 2021

Takeaway 1 Many tasks consumers once did in person have been transformed by digitalization – including retail banking. Takeaway 2 A consumer loan origination system can help FIs offer a fully digital retail lending experience. The disruption in retail has also affected retail banking. Lean into Digital Adoption.

Lending 195

Lending System Community Retail 195

NCR

MARCH 7, 2016

In the past couple of years, there’s been a flood of stories describing—or celebrating, or bemoaning—the eminent demise of the local bank branch. No one denies that online and mobile tools—particularly the deluge of apps that banks have developed and released—have changed many customers’ interaction with the local retail outlet.

Study 40

Study Mobile Comparison Online 40

Banking 2020

MAY 12, 2015

A blog like this may not seem like the forum to talk about undertaking an Olympic triathlon, but it actually makes perfect sense. Innovation in Banking: These travails seem very distant from my professional life, but I had all these thoughts in mind during a visit to a federal credit union. But it worked. eventually.

Innovation 40

Innovation Digital Banking Survey Exercises 40

Abrigo

MARCH 24, 2021

Growing loans, earnings are banks' top challenges in 2021. The top banking challenges in 2021 are growing loans and earnings, according to Independent Banker’s recent 2021 Community Bank CEO Outlook survey. Increasing Loans and Earnings are Top Priorities Financial institution executives are taking steps to address these issues.

Lending 221

Lending Technology Survey Examples 221

Abrigo

DECEMBER 19, 2019

Finding new ways of achieving growth amidst the complex banking landscape is going to be a top goal for many financial institutions. Finding new ways of achieving growth amidst the complex banking landscape is going to be a top goal for many financial institutions. If only it could be that simple.

Lending 195

Lending Fraud Community FDIC 195

William Mills

JUNE 16, 2016

Perhaps the most important reason consumers have embraced new banking technologies is the emergence of an on-demand, on-the-move economy. A recent TechCrunch article postures that, “For now, the banks that get it love the fintech startups more than you’d guess.” What the heck is fintech and why do we care? billion in 2010.

Fintech 40

Fintech Industry User Experience US 40

William Mills

JUNE 16, 2016

Perhaps the most important reason consumers have embraced new banking technologies is the emergence of an on-demand, on-the-move economy. A recent TechCrunch article postures that, “For now, the banks that get it love the fintech startups more than you’d guess.” What the heck is fintech and why do we care? billion in 2010.

Fintech 40

Fintech Industry User Experience US 40

Alex Jimenez

APRIL 7, 2024

In late 2022, as the US unemployment rate hit a nine-year high, bank executives met to discuss changes in their strategy. Some reported that they were de-prioritizing digital transformation in favor of cost-cutting. Many banks seemed to be doing that in the past two years, despite accelerating innovation during the pandemic.

Innovation 87

Innovation Management Strategy America 87

Abrigo

JULY 9, 2021

Takeaway 1 Many financial institutions have recently accelerated their digital transformation plans amid the coronavirus pandemic. Fintech and banking. Accelerating digital transformation plans. Those moves will play important roles in preparing banks and credit unions for growth as the economy recovers.

Management 195

Management Resources Lending Training 195