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Solving the Three-Body Problem in Banking

South State Correspondent

Banking has a similar physics problem when management juggles strategy, risk/profitability, and customer behavior. This article will discuss the challenge of managing three potentially opposing forces and look towards physics to help us solve the mystery. Here, customer behavior is known, monitored, and managed.

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From CRE to Corporate Culture – BIG Ideas from 2020 ThinkBIG: Manage Risk. Drive Growth.

Abrigo

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. CRE Lending. SBA Lending.

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Key takeaways from ThinkBIG 2024: Insights for banks and credit unions

Abrigo

You might also like this on-demand webinar, "Navigating uncertain times: Strategies for risk management and compliance." Deposit environment Managing credit quality in a fluctuating economy A primary concern of attendees is the resilience of credit quality amidst economic fluctuations.

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Wells Fargo Stops Lending Services For Some Used-Car Dealers

PYMNTS

The bank confirmed that it would no longer be accepting loan applications from independent shops, which sell used cars a lot of the time as opposed to the brand-new models sold by bigger dealers. On Monday (June 1),Wells Fargo announced new hires for a risk-management team.

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Why community banks should partner with fintechs

Independent Banker

A recent report by Cornerstone Advisors found that bankers are either strongly interested in or already working with fintechs in three main areas: digital account opening (71%), mobile wallets (41%) and fraud/risk management (47%). Fraud and risk management. Digital account opening. Think about it this way,” Potts says.

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15 Twitter accounts every bank executive should follow

Abrigo

His recent research reports have covered SMB lending, alternative lenders and automating commercial lending. 4) @KarenGMills – Former SBA administrator in the Obama administration, Mills is now a senior fellow at Harvard Business School, writing and Tweeting about small business, lending and fintech. Learn more here.

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The BaaS Gold Rush is On

Gonzobanker

infrastructure and the capacity to manage a BaaS strategy to significantly complement the core business. To do this, banks can leverage their competencies in payments, lending, operations, and risk management while using the earnings generated from BaaS to transform their core business.