Independent Banker

MAY 31, 2022

Community banks have a choice about addressing the problem: Remain vulnerable or be vigilant. Fraud and cybercrimes continue to increase, causing challenges for community banks. But there’s plenty community banks can do to meet this challenge. Fraud and cyber attacks are on the rise, and at great expense to the industry.

Community Bank 134

Community Bank Community Fraud Texas 134

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

MARCH 6, 2017

The ABA has a new report out on how banks are using social media, and much of the report focuses on using Twitter, Facebook, LinkedIn and the like to boost customer service, make connections in the community and recruit staff. His recent research reports have covered SMB lending, alternative lenders and automating commercial lending.

social media 150

social media Lending Community Community Bank 150

South State Correspondent

APRIL 10, 2023

This development should strongly motivate community banks to consider the benefits of loan-level hedging. The graph below shows loan repricing buckets for three asset-sized groups of banks: under $1B, $1B to $3B, and over $25B in assets. The proportion of fixed-rate loans has increased for community banks over the past four years.

Community Bank 195

Community Bank Community Security Capital 195

PYMNTS

JUNE 26, 2018

CPAs [(certified public accountants)] play a key role in the small business community as trusted business advisors,” said AICPA Vice President of Small Firm Interests Carl Peterson in a statement.

Groups 101

Groups National Compliance Lending 101

Abrigo

DECEMBER 17, 2021

For banks and credit unions, this often means a deep understanding of regulations and compliance and adhering to the institution's risk management standards. Lending & Credit Risk. Portfolio Risk & CECL. Lending & Credit Risk. Credit Risk Management. Asset/Liability.

Fintech 195

Fintech How To Innovation System 195

Gonzobanker

FEBRUARY 23, 2022

Early adopters are earning prestige while investors and a hoard of community banks explore the opportunity to tap into this new source of revenue. According to internal Cornerstone research, over the past five years, out of a sample group of 34 banks that offer BaaS, NII grew 67% compared to an industry median of 31%.

Community Bank 133

Community Bank Strategy Risk Management Fintech 133

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. Numerated , a business lending origination platform, partnered with Finastra for a LaserPro integration.

Fintech 103

Fintech Software Illinois Lending 103

CFPB Monitor

SEPTEMBER 21, 2015

The CFPB announced the appointment of new members to its Consumer Advisory Board, Community Bank Advisory Council, and Credit Union Advisory Council. New members to the Consumer Advisory Board will serve three-year terms and new members to the Community Bank and Credit Union Advisory Councils will serve two-year terms. Kathleen C.

Groups 60

Groups Los Angeles San Francisco Community Bank 60

Abrigo

NOVEMBER 15, 2019

Key Takeaways Effective credit risk review promotes lending agility. Many of the objectives of a credit risk review system support business goals. Effective credit risk review promotes lending agility. However, many community financial institutions derive a significant portion of income from lending.

System 150

System Lending Compliance Risk Management 150

CFPB Monitor

AUGUST 22, 2016

The CFPB has announced the appointment of new members to its Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council. Community Bank Advisory Council Members. Dion Kidd Johnson, President, Chief Operating Officer and Chief Risk Officer, Western Bank, Alamogordo, NM.

San Antonio 60

San Antonio Kansas City Groups CA 60

Abrigo

JUNE 28, 2023

Takeaway 3 Recommended reports on AML and fraud metrics for the board include those on high-risk customers and trends on types of fraud and suspicious activity seen. They wear many hats, especially in smaller community banks and credit unions. One essential obligation of BSA Officers is reporting to the board of directors.

Compliance 195

Compliance Fraud Report Trends 195

Independent Banker

MAY 2, 2016

At The Bank of Tioga, we preserve the local touch and serve our clients and communities well. We ignite prosperity in all the communities we serve through community reinvestment, lending to local businesses, and providing educational opportunities for the community and our employees. The Bank of Tioga. Tioga, N.D.

North Dakota 70

North Dakota Community Bank Community Risk Management 70

FICO

NOVEMBER 25, 2020

Petr Kapoun, chief risk officer at Home Credit Russia, part of the Home Credit Group, describes how the lender used loan pricing optimization software from FICO to optimize loan pricing. He notes that this is similar to credit scoring, which was met with scepticism initially but is now almost universally used in lending. .

Video 52

Video Risk Management Analytics Retail 52

Abrigo

MAY 1, 2020

Group health care benefit cost documentation : Showing total costs paid for all health care benefits, including insurance premiums paid by the organization under a group health plan for all employees and company owners (excluding employee withholdings for their portion of contributions to the plan). Lending & Credit Risk.

Taxes 195

Taxes Lending Payments Report 195

Independent Banker

SEPTEMBER 25, 2014

Saving money by conducting inside risk management and compliance reviews. As a group, community banks spend substantial funds hiring outside consultants to help with various management functions, and a substantial share of dollars are spent to help oversee their risk management and compliance activities.

Community Bank 70

Community Bank Compliance Risk Management Community 70

CFPB Monitor

MAY 18, 2016

.” The forum will bring together representatives from banks, financial technology companies, and community and consumer groups to discuss developments, opportunities, and challenges related to financial innovation.

Innovation 68

Innovation Washington Risk Management Fintech 68

Gonzobanker

DECEMBER 22, 2020

And how did community banks and credit unions respond to the COVID craziness? Financial institutions went from having no PPP lending program at all to funding their first loan in 90 days – and this with literally last-minute regulatory guidance. Jill is continually demonstrating just how loud a $300 million community bank can roar!

Idaho 181

Idaho Community Industry Strategy 181

Gonzobanker

DECEMBER 17, 2021

million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. Goes to Eric Sprink, Coastal Community Bank , Everett, Wash. SoFi’s March acquisition of Golden Pacific Bancorp for $22.3 Has it worked? 82% to over 2.3%

Fintech 147

Fintech Strategy Leadership Lending 147

Jeff For Banks

NOVEMBER 7, 2015

Me to a community banker: Why don't you offer more options than real estate secured lending to help fund early stage businesses? Banker: Because that's not community banking. I've been in this business over 20 years and still don't know the definition of community banking. In other words, be a General Bank. Seems risky.

Community Bank 60

Community Bank Community Baltimore Lending 60

Gonzobanker

MARCH 6, 2020

In recent years, many financial institutions have been focused on improving their digital delivery capabilities, often at the expense of their operational groups. But how do financial institutions determine if these operations groups are optimizing processes and staffing to drive profitability and gain market share?

Operations 93

Operations System Groups Technology 93

Abrigo

MARCH 13, 2020

Key Takeaways In today's uncertain economic climate, community financial institutions must resolve to manage risk and drive growth. Abrigo’s 2020 Business Lending Readiness Survey identified a number of pain points that thwart business lending growth, from document gathering to lengthy loan turnaround time.

Community 195

Community Lending Analytics Survey 195

Jeff For Banks

MARCH 29, 2013

Optum Bank is owned by UnitedHealth Group, a health insurer, to specialize in Health Savings Accounts. Here is another Industrial Bank that has a specific niche, lending to homeowners for home improvements through construction contractors or home improvement supply dealers. Many community bankers would roll their eyes at such banks.

Utah 89

Utah Strategy North Carolina Risk Management 89

Jeff For Banks

JUNE 2, 2023

The old borrow short, lend long strategy. Economists cite as the main culprit the collapse of the subprime mortgage market — defaults on high-risk housing loans — which led to a credit crunch in the global banking system and a precipitous drop in bank lending. To fight inflation, the Fed raised rates aggressively (familiar?).

FDIC 78

FDIC Community Bank Regulation Lending 78

Gonzobanker

MARCH 24, 2020

Gonzo bankers, we are facing events that will cause an immediate impact on the small businesses in our communities and in our portfolios, and now more than ever we need to show our stuff! Once it has grouped the relationships, the focus turns to developing the action plans for each segment. small business market.

Groups 68

Groups Strategy Guidelines Operations 68

Independent Banker

JULY 28, 2016

Establishing a comprehensive Compliance Management System. The typical scenario from such programs places a group of participants in demanding, problematic or adversarial situations for which they must bond as a team and develop viable solutions. Just how can your community bank do all of those things? By Mary Thorson Wright.

Compliance 70

Compliance Training Community Bank Regulation 70

Abrigo

MAY 8, 2024

Seeing generative AI use cases can help bankers, risk managers, and financial crime professionals better understand it. They can more easily consider how to harness genAI's power to enhance their operations, compliance, risk management, and member or customer experience.

Examples 195

Examples Fraud Resources Risk Management 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. Photo by Linkes Photography.

Community Bank 172

Community Bank Community National Philadelphia 172

Abrigo

SEPTEMBER 14, 2022

Financial institutions, fintech companies, and other small business lenders will need to begin collecting a wide array of small business lending data under the Consumer Financial Protection Board’s (CFPB) proposed small business lending data collection rule. The proposed rule , unveiled Sept. They just weren’t coming very soon.

Lending 195

Lending Data Regulation Community 195

Lex Sokolin

JULY 1, 2019

fee on Binance, $600M of Tether printed, $200M in DeFi lending This is what it looks like, this change in the atmosphere, the fireflies all lighting up as the night comes in. You don’t get more quantitative and institutional in finance than this group of people. Finance in motion— $1B moved for $0.02 We are here. We are in it.

Bitcoin 40

Bitcoin System Software blockchain 40

Jeff For Banks

MARCH 14, 2020

As the spread of coronavirus, known as COVID-19, continues to be a growing concern across the country, we’re taking extra precautions to protect you, our teammates and the communities we serve. As it evolves, you can always find the latest information here on Truist.com.

ATM 78

ATM Policies US Management 78

Abrigo

MARCH 24, 2021

The top banking challenges in 2021 are growing loans and earnings, according to Independent Banker’s recent 2021 Community Bank CEO Outlook survey. Nevertheless, many financial institution executives have taken – and are taking – steps that will help address their top concerns related to lending and profitability. Optimize Technology.

Lending 221

Lending Technology Survey Examples 221

Fintech Labs Insights

SEPTEMBER 25, 2015

The biggest pure-equity round went to Finovate alum, CoverHound , an insurance portal gaining favor with the VC community. Auto lending marketplace lender. Risk management. Mobile P2P lending platform. Funding to the fintech sector maintained pace this week with another quarter-billion ($234.3 Source: P2P-Banking.

San Francisco 12

San Francisco Company Fintech San Jose 12

Gonzobanker

DECEMBER 20, 2019

Mark Turner, Executive Chairman of the Board, WSFS Bank – We have to give the nod to an early 2019 retirement of Turner, who had one hell of a run in 12 years at the helm of a great community and wealth bank. billion of assets under management. It was always clear how much Jones loves his credit union, his team and his community.

Idaho 148

Idaho Conference Data Marketing 148

Tefkin

MAY 6, 2015

Beyond, if you think of insurance as a class of exotic financial products, is there a possibility for larger scale disintermediation similar to banks and alternative lending possible for carriers and alternative insurance funds. One way to think about it is perhaps to start again from the definition of insurance itself. Wikipedia).

Industry 50

Industry Examples Google Big Data 50

Gonzobanker

OCTOBER 30, 2014

Last week, I had the pleasure of spending two days with a group of nine HR managers at a GonzoBanker Roundtable discussing their successes, challenges and issues. Well, here’s a news flash: whatever old school ideas might have prevailed about this group, it’s time to re-think them. Not so with HR. And it’s all happening fast.

Resources 96

Resources Training Tools Analytics 96

Gonzobanker

MARCH 21, 2017

The buyer might be an established core player, or it might be a lending competitor of D+H that wants a core anchor. With more than 100 solid community bank installs and a few large credit unions, it would be a shame to have it wither within a global financial corpocracy. Either double down on U.S. Either double down on U.S.

Phoenix 60

Phoenix Lending System US 60