Gonzobanker

DECEMBER 17, 2021

THE BANKER AWARDS. Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. Doug Larson. Gonzo readers, 2021 was just plain schizophrenic.

Fintech 147

Fintech Strategy Leadership Lending 147

Independent Banker

FEBRUARY 28, 2023

It happens every time they open a checking account, apply for a mortgage, make a direct deposit, log into a bank’s website or chat with a banker, and more. Community banks own an enviable amount of data, but not all are leveraging it to its fullest extent. We can take that data and we can reach that person online,” Catalano says. “If

Community Bank 129

Community Bank Community Marketing Data 129

PYMNTS

JANUARY 23, 2020

Africa’s richest woman, Isabel dos Santos, is facing money laundering and mismanagement charges, while a banker implicated in the case – Nuno Ribeiro da Cunha, 45 – was found dead in his Lisbon apartment, according to multiple media reports on Thursday (Jan. billion fortune. dos Santos had a 42.5 The investigation was launched in 2018.

National 131

National New York Conference Resources 131

Gonzobanker

MARCH 9, 2022

Bank executives should take these new deals’ valuations as a sign that the free market sees the future of finance as unbundled from the traditional industry structure. These levels of revenue and EBITDA multiples have never been seen in the history of core banking platforms. Let’s take a closer look at each deal: Finxact Goes To Fiserv.

Financial Technology 149

Financial Technology Technology Fintech Community 149

Gonzobanker

DECEMBER 22, 2020

Bankers started the year with good business plans, strong balance sheets, and optimism. Banks and credit unions had to fundamentally change their delivery, support and relationship management models at scopes and speeds that were unheard of. Even George Bailey would have given you the thumbs up. ” – Hunter Thompson.

Idaho 181

Idaho Community Industry Strategy 181

Gonzobanker

MAY 17, 2022

As technology buyers, banking executives need to up their game on tech purchases and technology performance management. Tech companies trying to support a bank stack have no easy task. For regional and community banks there has never been a more frustrating time to be a buyer versus a builder of financial technology.

Technology 145

Technology Regional Community Bank Community 145

Jeff For Banks

AUGUST 2, 2021

In June 2021, we were up to six locations, $327.6 In 2021, we are up to over $70 million, mostly investment properties. He exemplifies the best of next generation bank leadership, with eyes wide open to the next iteration of banking in our rapidly changing environment. It was so awesome I asked if I can reprint here. million in loans.

Community Bank 78

Community Bank Community Minnesota Metro 78

Gonzobanker

JANUARY 12, 2023

Anyway, I want to really sexy-up the investor deck this time and even use some of this stuff in our annual report. Anyway, I want to really sexy-up the investor deck this time and even use some of this stuff in our annual report. So, Tony my man, I need you to help me make our presentation look really edgy… you know, up-to-date.

Training 78

Training Strategy Meeting Marketing 78

PYMNTS

OCTOBER 6, 2017

5), Alenka Grealish, senior analyst at Celent, penned an article for American Banker with a prediction: The small business (SMB) credit space is headed for a “shake-up.” The company, based in the U.K., Helping employees access financing, the company said, could lead to more effective employees at the workplace.

Lending 152

Lending Capital Marketing Report 152

PYMNTS

APRIL 17, 2020

The Paycheck Protection Program (PPP) is a $350 billion segment of a $2 trillion federal stimulus package signed into law under the CARES Act earlier this month. On April 3, the federal government launched a heretofore unprecedented program to funnel money to U.S. small businesses hit hard by the coronavirus pandemic.

Community Bank 149

Community Bank Community Maine Georgia 149

Abrigo

JULY 25, 2023

Financial institutions will have different appetites, so they will have time to learn about it and learn from the activity of others.” - Russ Chacon, VP of Product Management, Abrigo Here are some fast facts about FedNow instant payments to help financial crime professionals get up to speed: Not mandatory; no implementation deadline.

Fraud 195

Fraud Payments Security Resources 195

Gonzobanker

JULY 19, 2017

While new core system vendors bring more modern architecture and user interfaces to the table, bankers need to do their homework before signing on with these players. C-level chiefs, ambitious marketing managers, and all other manner of bosses get their heads inflated about the cool new core system vendor technology that’s coming.

System 70

System Conference Technology Software 70

Jeff For Banks

MARCH 31, 2018

So worries New Jersey Banker's Association CEO John McWeeney since state-owned bank advocate Phil Murphy was elected governor. According to the Investment Company Institute , money market funds stood at $2.8 When they bought Strong Asset Management. But they have over 76,000 customers that signed up already.

FDIC 60

FDIC New Jersey Pennsylvania Community Bank 60

PYMNTS

MARCH 2, 2018

and India drove a surge in FinTech venture capital funding in 2017, and Accenture Financial Services Senior Managing Director Julian Skan pointed to the B2B business model as a significant presence in this trend. where slower economic growth and industry uncertainties due to Brexit have been an issue, it is an encouraging sign.”.

Fintech 118

Fintech Capital blockchain Lending 118

Jeff For Banks

DECEMBER 16, 2022

I call this "pulling into the pits" in my book: Squared Away-How Can Bankers Succeed as Economic First Responders. Twenty-six percent of the bank is owned by the Board, Executive Management, and the ESOP. And I am weary of the persistent "get big or get out" mentality of many industry pundits. Its headquarters is the only location.

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

FICO

JUNE 9, 2022

It is a kiosk game with a waist-high playing surface with five holes, where plastic “moles” reside; these moles randomly pop up out of their holes, but quickly drop back down into them. Digital transformation – the apex deployment of enterprise intelligence – is supposed to help companies build fully customer-centric solutions.

Analytics 52

Analytics Strategy Management Customer Experience 52

South State Correspondent

MARCH 15, 2023

While we wrote about the root cause of the failure of Silicon Valley Bank (SVB) HERE , the lessons of the current banking crisis go beyond interest rate risk management. This article highlights ten not-so-evident lessons of the banking crisis that every banker must consider going forward. This is compared to about 40% at most banks.

social media 195

social media FDIC Branding Management 195

Gonzobanker

SEPTEMBER 4, 2018

Customers love digital self-service—right up until they don’t, and then they want a live person. In our work with banks and credit unions around the country, an unavoidable truth comes up again and again: Even the flashiest digital strategy falls flat without the backing of a strong contact center. Phone menus dead-end.

Technology 117

Technology Resources Fraud Strategy 117

PYMNTS

JULY 28, 2017

Even though the short same-day ACH settlement windows will reduce credit risk, financial institutions will likely want to continue putting businesses through a full ACH underwriting process,” wrote MineralTree CEO BC Krishna in an article in 2015 for American Banker on the potential impact of Same Day ACH on B2B payments.

Data 103

Data Payments Cards Analytics 103

Gonzobanker

DECEMBER 4, 2019

Both firms declined to disclose the acquired companies’ revenues. On the other hand, bank and credit union cultures have struggled with analytics that have historically been supplied (culturally, pushed , often up hill) as infrastructure buys from cost centers. Recent acquisitions illustrate how data is driving fintech valuations.

Analytics 100

Analytics Lending Fintech Leadership 100

Gonzobanker

JULY 28, 2014

Let’s just get this out of the way right up front: most bankers rank going through a formal system selection process right up there with a trip to the dentist. So, having dispensed with the pleasantries we’ll move right along and in the spirit of Kramer, just say “Giddy Up!”. Online Applications and Borrower Portal.

System 103

System Lending Data US 103

Jeff For Banks

MARCH 14, 2020

Sign up for my health plan's virtual doctor visit portal. Here is what my family is doing to reduce the risk of contracting or spreading coronavirus: 1. Washing hands with greater discipline for 20 seconds per wash. Which is difficult. I'm singing the "Baby Shark" song. Coughing and sneezing into our elbows. In case we need it.

ATM 78

ATM Policies US Management 78

PYMNTS

APRIL 11, 2018

If Blue Suit’s kids were on the soccer team with the applicant’s kids, then the banker would likely consider that person trustworthy and would agree to the loan, regardless of how likely the customer truly was to pay it back. Blue Suit would listen to the customer’s pitch and decide whether to lend that person money. On April 24 at 1:00 p.m.

Lending 100

Lending Regulation Google Risk Management 100

PYMNTS

AUGUST 10, 2016

What have the powerhouses Starbucks and Airbnb managed to do better than anyone else? Clerico has built WePay from the ground up through his innate love of people and by building relationships with customers to provide them with a payments platform that is exactly what they want and need. BC: Well, no day is ever the same.

Payments 100

Payments Software Innovation Bitcoin 100

Jeff For Banks

JANUARY 8, 2017

With all of the scrutiny, negative press, and regulatory change, I don't experience many bankers having fun, either. The investors changed the management team, moved the headquarters, and dreamed big. What I do see at good performing financial institutions is the get sh*t done attitude. But even that is inconsistent.

New Jersey 60

New Jersey Capital Regulation Training 60

Independent Banker

DECEMBER 31, 2022

We recently spoke with community bank CEOs from across the country to gain insights on how they’re proactively positioning to manage risks and take advantage of growth opportunities in the coming year. Following some respite in 2022, community bankers are bracing for a tougher economic landscape ahead in 2023. By Beth Mattson-Teig.

Community Bank 91

Community Bank Community Tampa North Carolina 91

Independent Banker

OCTOBER 29, 2014

Millennials have the greatest lifetime value of any customers that a bank can win today, and we’re the most up for grabs,” says Jason Dorsey of The Center for Generational Kinetics, which helped develop ICBA’s generational study on millennials. Out of Mom and Dad’s basement, millennials are primed to become your next best customers.

Millennials 110

Millennials Community Bank social media Community 110

Independent Banker

JULY 31, 2022

In 2022, things changed with whiplash speed, as the Fed hiked interest rates to quell inflation, the mortgage refinance market dried up and the effects of macro changes, from the Russian invasion of Ukraine to a talent shortage, began to be felt keenly. Jeff Reynolds, managing director at Darling Consulting Group in Newburyport, Mass.,

Strategy 135

Strategy Community Bank Louisville Community 135

South State Correspondent

APRIL 24, 2023

This article gives bankers a background on what it is, its risks, and how it will change everything from your infrastructure to your hiring practices. Tell it to text your customers as one of its goals, and it will sign up for a messaging app and send out a text. Instead of automation, banks can now have intelligent automation.

social media 195

social media Data Marketing Technology 195

Gonzobanker

MAY 22, 2014

As an experienced contract negotiation and vendor management consultant, I frequently find myself in the middle of tension between banks and vendors. If vendors really want to be the FI’s “partner,” then the companies simply have to change up how I see them behaving today. But, one company? Not really.

Management 99

Management Mobile Technology Marketing 99

Banking 2020

MARCH 10, 2015

Daily, I have been reminded by the government, that the signs of economic recovery are all around me. The signs of change are around us, but it’s more likely that the US economy is rearranging itself rather than simply recovering under the old umbrella of Wall Street. My answer, combine the best of both worlds.

Community 40

Community Lending Capital Conference 40

Independent Banker

NOVEMBER 13, 2014

Millennials have the greatest lifetime value of any customers that a bank can win today, and we’re the most up for grabs,” says Jason Dorsey of The Center for Generational Kinetics, which helped develop ICBA’s generational study on millennials. Out of Mom and Dad’s basement, millennials are primed to become your next best customers.

Millennials 87

Millennials Community Bank social media Community 87

South State Correspondent

OCTOBER 28, 2022

Our teams just returned from back-to-back weeks at the Gartner Symposium in Orlando and Money 20/20 in Las Vegas. Gartner focused on technology infrastructure, while Money 20/20 was around fintech and payments. Despite those challenges, we pulled out the top ten needle-moving ideas and ten smaller, exciting ideas to bring to your organization.

Conference 195

Conference Technology Las Vegas Trends 195

Gonzobanker

MAY 23, 2017

You’re about to do battle with a table full of cufflink-wearing sales managers and attorneys. To bankers with a sense of scale and perspective, bellying up to the table with these reps from companies with $10B in sales can be a little daunting if not outright terrifying. Here are four ways to do that: 1.

Community 60

Community ATM Community Bank Course 60

Jeff For Banks

DECEMBER 12, 2015

A banker told me yesterday that if I wanted headlines in American Banker , put FinTech in my copy. So far I'm up to five mentions. Aside from interest rate risk, vendor management is high on the list. If looking for a FinTech (seven) partner, follow your vendor management procedures. You know who you are.

Fintech 60

Fintech Capital Cards Bitcoin 60

Gonzobanker

APRIL 23, 2018

We selected and implemented a customer relationship management system. For all the helping and observing I do, there is nothing like being on the hook for getting a system up and running to make me really appreciate how difficult it is to do right. People link to companies. Companies link to projects. Clean data matters.

Training 60

Training System Management Company 60

Gonzobanker

JULY 21, 2016

In a prior life, I negotiated large scale enterprise resource management software contracts in the retail and logistics industries (SAP, PeopleSoft, Oracle and so on). In fact, up until the late ’90s one of the largest vendors didn’t have a list price. The pricing for these services was usually rationalized across these industries.

System 60

System Software Technology Industry 60