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Preparing for Section 1071

Abrigo

The NPRM provides instructions for collecting and reporting data points, a sample data collection form, and some new definitions. Many community banks and credit unions have typically been exempted from this data collection in the past. It isn’t just a compliance program problem or a data management problem. CRE Lending.

Lending 195
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The 2015 GonzoBanker Awards

Gonzobanker

Community bank marketing resources. With market opportunity heating up and big bank and big credit union competitors hitting hard, too many community banks lack marketing resources … or they have 2X more spending in sponsorships than the campaigns, analytics and digital sales improvements that actually bring in new business.

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The complex impact of fintech and legacy systems on banking

Insights on Business

The simplest theoretical way to solve that problem is to buy a challenger bank and slowly migrate customers to a new, continuously evolving infrastructure. Once migration is done, close the old bank. I agree that one of the biggest threats to banks is the heavy presence and disconnected nature of legacy systems.

System 70