PYMNTS

APRIL 16, 2020

Accelerated data sharing has become a focal point for small business lenders and FinTechs looking to speed up the time it takes for SMBs to apply for and receive much-needed funding. This week’s look at the latest in bank-FinTech collaborations and open banking initiatives finds a focus on small business lending: In the U.K.,

Data 167

Data Lending Regional Fintech 167

Abrigo

JUNE 5, 2023

Banking reports to inform risk management and strategy These reports on capital, growth, and liquidity help financial institutions spot warning signs. They help manage and shape strategy in volatile economic and industry conditions. the Community Bank Leverage Ratio (CBLR) and the minimum Tier 1 leverage ratio).

Report 195

Report Risk Management Capital Data 195

Abrigo

FEBRUARY 2, 2015

The banking industry has seen a steady stream of media attention since 2008, much of it in the form of stories about data breaches linked to major retailers or mega banks’ profits. Risk management issues were also a high-ranking hurdle to growing banks, with 26 percent calling it a concern for 2015.

Community Bank 150

Community Bank Community Regulation Survey 150

South State Correspondent

OCTOBER 26, 2023

The discussions were healthier, more compliance-focused, and with little expectations that banks were going to offer crypto to their customers any time soon. Sunday Programming: consisted of a federal lobbying track, AI Summit, Small Business, Fraud, running a fintech, cannabis banking, and modernizing the banking core system.

Conference 221

Conference Las Vegas Fraud Case Study 221

Abrigo

SEPTEMBER 7, 2023

Adapt to a dynamic banking environment with real-time lending & credit data Lender dashboards and reports showing the lending pipeline, pricing trends, emerging risks, workflow bottlenecks, etc. You might also like this on-demand webinar, "Identifying emerging CRE risks." Explore Abrigo Connect.

Report 195

Report Lending Trends Data 195

Abrigo

NOVEMBER 10, 2014

According to CB Insight , community bankers felt Q3 was a light one in terms of regulatory compliance. However, the Q3 2014 Banking Compliance Index (BCI), shows otherwise. According to the data, the average financial institution spent an additional $45,264 in Q3 to manage regulatory changes.

Risk Management 170

Risk Management Community Bank Compliance Community 170

Abrigo

DECEMBER 2, 2021

Indeed, deposit levels to transaction accounts among community banks exploded 74% to $896.5 31, 2019, and June 3, 2021, according to the Community Banking in the 21st Century report. It's "business as usual" as far as expectations for compliance staff to remain alert for illicit financial activity. Learn More.

Conference 195

Conference San Antonio Lending Fraud 195

Abrigo

APRIL 19, 2016

In the paper, the OCC defined responsible innovation as: The use of new or improved financial products, services, and processes to meet the evolving needs of consumers, businesses, and communities in a manner that is consistent with sound risk management and is aligned with the bank’s overall business strategy.

Innovation 150

Innovation Fintech Risk Management Community Bank 150

Abrigo

DECEMBER 17, 2021

What customer service feature could we add to get an edge over other banks or credit unions? Use data points to solidify your vision and determine the right vendor to help realize your institution’s goals. Lending & Credit Risk. Credit Risk Management. Lending & Credit Risk. Risk Ratings.

Fintech 195

Fintech How To Innovation System 195

Abrigo

MARCH 2, 2023

You might also like this whitepaper, "Best practices for purchasing bank or credit union software" DOWNLOAD Takeaway 1 As Southwest Airlines learned, technology shortcomings create enormous costs in the short-term and in the future. But experts say that would be a mistake.

Technology 195

Technology Lending Community Software 195

South State Correspondent

JANUARY 4, 2023

In addition to these technology-oriented improvements, there are also a variety of process improvements that many banks can make that are cost-free. Moving all customers to digital statements, restructuring compliance reviews and employee onboarding are just some of the more popular efforts that banks are undertaking in 2023.

Community Bank 195

Community Bank Capital Training Lending 195

ABA Community Banking

JULY 25, 2018

Even if the new data protection rules haven’t touched you yet, the data world is changing Management Compliance Risk Management Community Banking.

Risk Management 40

Risk Management Community Bank Compliance Community 40

Gonzobanker

SEPTEMBER 21, 2023

NYMBUS secured Series D financing (led by Insight Partners), partnered with Hurdlr for small business banking; with Atty Bank, Saint Louis Bank ’s legal community bank; and with Roger, Citizens Bank of Edmond ’s military niche bank. Stripe raised Series I financing.

Fintech 103

Fintech Software Illinois Lending 103

Independent Banker

OCTOBER 1, 2022

AmTrust recently worked with one community bank client that was the target of a ransomware attack that shut down its branches for two weeks. The bank was only able to get fully up and running after it paid a negotiated ransom.”. You actually see more instances of issues with the smaller businesses.

Montana 152

Montana Policies Resources FDIC 152

Independent Banker

JULY 28, 2016

Establishing a comprehensive Compliance Management System. Does it sound like “reality compliance”? The demands of managing regulatory compliance are uncontested, and depending on the disposition of the participants inside and outside of the bank, compliance management exists with varying degrees of problems and adversity.

Compliance 70

Compliance Training Community Bank Regulation 70

Abrigo

JULY 30, 2015

Will I still be in compliance with capital ratios? And given that Basel III is out and effective, will I be in compliance with fully phased-in Basel III capital ratios?”. In addition, institutions – especially community banks -- have operational concerns, McNairy added. “Do Do not overload at adoption.

Data 150

Data Community Bank Capital Compliance 150

Gonzobanker

MARCH 6, 2020

Problem: Loan boarding QC, often performed manually and subject to human error and significant data integrity issues. Loan and deposit operations processes often utilize myriad systems to manage daily work. Technology: The ‘Must Have’ List Is Growing.

Operations 93

Operations System Groups Technology 93

Abrigo

OCTOBER 23, 2015

Portfolio stress tests can provide a number of benefits beyond compliance with regulatory expectations, Behringer said recently at the 2015 Risk Management Summit hosted by Sageworks. For additional insight on stress testing, access the complimentary whitepaper, Actionable Stress Test Results for Community Banks.

Capital 150

Capital Analysis Examples Risk Management 150

Gonzobanker

APRIL 28, 2016

According to Cornerstone Advisors research , roughly six in 10 community bank and credit union CEOs are concerned with the regulatory burden. Some loyal GonzoBankers were participants and I’ll reiterate my thanks for the painstaking work it took to collect the data. appraisal management) and reporting.

Regulation 60

Regulation Management Community Bank System 60

Abrigo

MAY 8, 2024

WATCH Takeaway 1 Understanding generative AI and how peers are using AI and genAI helps financial institution leaders and management vet the technology and related risks. Takeaway 2 Generative AI models emulate data put into them to generate apparently new content such as text, images, audio, or video.

Examples 195

Examples Fraud Resources Risk Management 195

Gonzobanker

DECEMBER 17, 2021

GonzoBanker of the Year – Bank. There are lots of entrepreneurial leaders in the banking space today, but this year the nod goes to Randy Chesler at Glacier Bancorp. Goes to Eric Sprink, Coastal Community Bank , Everett, Wash. How can the banking industry compete for future talent while focused on memos?

Fintech 147

Fintech Strategy Leadership Lending 147

Jeff For Banks

JULY 8, 2017

and hitting the lower end when the weak economic data smacks them in the face. If the Fed was motivated by the data, or their moves “data dependent” as they always claimed, they would not have raised interest rates. Weak readings on employment, housing data, and retail sales won’t stop them. I do not take this lightly.

Marketing 60

Marketing Community Bank Security Data 60

Abrigo

SEPTEMBER 14, 2022

What banks need to know as the CFPB gets closer to its final rule Banks, credit unions, and other creditors may be required to collect more data for each application under a new rule. You might also like this webinar: "Fortify Your Loan Policy to Effectively Manage Credit Risk." Proposed Rule.

Lending 195

Lending Data Regulation Community 195

Independent Banker

JUNE 30, 2022

Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. First Southern Bank.

Community Bank 172

Community Bank Community National Philadelphia 172

Social Assurance

JULY 1, 2014

What we found was that there were 1,776 banks/1,947 credit unions on Facebook while there were 706 banks/995 CU’s on Twitter. Data doesn’t lie. Marketing doesn’t have time, compliance doesn’t have time, who has time to manage this? Your local community want to hear from you.

social media 22

social media Handbook Community Tools 22

ABA Community Banking

MAY 24, 2019

Key takeaways from the OCC’s Semiannual Risk Perspective. The post Rosy Economic Picture Shapes Risk Outlook appeared first on ABA Banking Journal.

Risk Management 61

Risk Management Community Bank Community Compliance 61

Gonzobanker

MAY 21, 2019

The following memo outlines my assessment and recommendations concerning our purchase of Acme Bank, a $5 billion institution located in Metropolis, USA. Acme has doubled its size in the past five years with acquisitions of smaller community banks. The post Imagine … If Amazon Bought Your Bank appeared first on Gonzobanker.

Customer Experience 112

Customer Experience Analytics Management Operations 112

ForwardBanker

DECEMBER 28, 2017

Well, the end of the year is quickly approaching which is a great time to recap another great year for our blog. I just wrapped up my fifth year of being editor of the blog and I am excited about some of the changes we’ve seen this year. We did a reorganization of the existing.

Meeting 33

Meeting Big Data Risk Management Community Bank 33

Gonzobanker

DECEMBER 22, 2015

To those community bankers claiming their growing Compliance departments say no to everything. How about fighting harder with better examples and holding compliance officers as accountable as everybody else. Community bank marketing resources. Somebody-Call-the-Whaambulance Award. Did we hear a whaaaa?

Community Bank 60

Community Bank Apple Community Technology 60

Gonzobanker

DECEMBER 22, 2014

Bank Acquisition of the Year - BB&T Corp. Nice community bank culture fit between the two as well. Bank Merger of the Year – California United Bank and 1 st Enterprise Bank in Los Angeles. Execution Matters Big-Time Award – Data warehouse. takes Susquehanna Bancshares Inc.

Los Angeles 101

Los Angeles Apple Risk Management California 101

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking.

Fintech 195

Fintech Community Regional Technology 195

Gonzobanker

SEPTEMBER 5, 2017

Under the DFA, banks that cross over $10 billion in assets face costly regulations such as DFA stress testing, Consumer Financial Protection Bureau oversight and Durbin Amendment compliance, which caps banks’ interchange income. Have regulatory compliance costs skyrocketed as feared? ERM/COMPLIANCE COSTS.

Risk Management 60

Risk Management Compliance Survey Cards 60

Gonzobanker

DECEMBER 19, 2016

The Millenials as Funding Award – Goes to Dime Community Bank for attracting press attention when it appealed to hipsters in Brooklyn as a means of funding its powerful commercial real estate niche. The FinTech Partner Best Practice Award – Goes to Cambridge Savings Bank and SigFig for their digital investment platform partnership.

Utah 60

Utah System Community Marketing 60

Gonzobanker

DECEMBER 19, 2016

The Millenials as Funding Award – Goes to Dime Community Bank for attracting press attention when it appealed to hipsters in Brooklyn as a means of funding its powerful commercial real estate niche. A Gonzo community bank being a leader and not a fast follower – that’s pretty cool! Check it out on YouTube. Award – MCX.

Utah 60

Utah System Community Marketing 60

Fintech Labs Insights

SEPTEMBER 1, 2015

Advisor Software is a Cloud provider of sophisticated wealth management and digital investment advice APIs and apps for financial services enterprises. Alfa-Bank offers a wide range of products and operates in all sectors of the financial market, including corporate and retail lending. Make better financial decisions with better data.

Company 12

Company Software Analytics Mobile 12

CFPB Monitor

JULY 5, 2022

While fair lending has already been identified as a priority for banking regulators by the Biden Administration, the GAO report, particularly its findings regarding the decline in annual fair lending examinations and deficiency findings leading to matters requiring attention at smaller banks, could further fuel the OCC’s focus on fair lending.

Lending 78

Lending Report Policies Handbook 78