June, 2022

How To Prepare For The Risk of Stagflation in Banking

South State Correspondent

We recently posted an article ( HERE ) about how the Federal Reserve is bursting the everything bubble, and this will cause pain for some banks in the form of interest rate, credit, and liquidity risk.

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Savvy banks look to AI to regain customers’ trust


The pandemic has shown us the dangers of putting efficiency above all else. Systems and processes, at organizations around the world, that were tuned close to perfection were upended when an unexpected catastrophe struck.

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Top 15 banks reveal secrets of digital success


The top 15 global banking giants are generating their combined revenues and profits at a pace that’s well ahead of the average performance of their smaller competitors.

Toast heats up restaurant payments competition

Payments Dive

As Toast adds services, the Boston startup is taking business from larger rivals and fintech peers, analysts say

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How to Choose the Best Automated Documentation System for Commercial Loans

Not all automated loan doc prep solutions are created equal. That is why we have put together a checklist to help you evaluate potential partners and find the best-automated documentation system for your requirements and needs.

2022 Best Community Banks to Work For Award

Independent Banker

Be recognized as one of community banking’s best employers. In a tight labor market, companies need to do all they can to attract and retain the best and brightest.

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Preparing For the 7 Waves From The Fed Hike

South State Correspondent

Last week the Federal Reserve hiked interest rates by 75 basis points – its most significant hike since 1994.

Loan Betas: A Key ALM Assumption for NIM as Rates Rise


What Are the Loan Betas in Your Plan for Rising Interest Rates? Loan betas, or how rates for new and repriced loans will act as interest rates rise, are critical ALM inputs for NIM forecasts. . You might also like this webinar, "Banking in a Rising Rate Environment: Myth Busters Panel." WATCH .

European banks gain vital edge in race to the cloud


European banks are starting to overcome the obstacles that slowed their shift to cloud computing. And in the race to recover lost ground, they can learn from the experiences of their counterparts in the US and Asia.

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PayPal changes up its pricing

Payments Dive

In a move that could increase or decrease charges for merchants, the company said it aims to better distinguish between personal and commercial payments on its system

Digitally Transforming the Engagement Experience for Financial Institutions

Customer experience has become a key differentiator. Learn how to launch your digital transformation by incorporating two customer experience trends into your digital transformation strategy: self-service & personalization.

Brad M. Bolton: Working through difficult times

Independent Banker

Photo by Chris Williams. Working through any difficulty or crisis at your community bank won’t be a walk in the park, but it may lead to an experience for which you’re truly grateful. As a community banker, you’re either going through a crisis or you’re preparing for one.

Why You Shouldn’t File Income Tax Returns Earlier Than June 1st


Always file your ITR promptly? Looking to file your ITR before June? Hold your horses. Here’s why you shouldn’t. Are you the sort of person that rushes to file their income tax return as early as possible so that it’s done and dusted?

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The Crypto Wallet for Web 3.0 – Why It Needs To Be In Your Strategic Plan

South State Correspondent

Set aside the noise of cryptocurrency for a second and focus on the potential of a new digital asset, or crypto, wallet. The crypto wallet can be the centerpiece of customer engagement for Web 3.0 and can be used for a myriad of new applications.

For Ag Lenders, Farm Outlook Warrants Watching


Ag Sector Outlook Presents Opportunity and Risk for Lenders Higher prices for agricultural producers and continued gains in farmland values are meeting rising interest rates and input costs. You might also like this webinar, "How to Position Yourself for High-Yielding Ag Loan Growth." WATCH.

Digital Commercial Lending Technology Case Study: Increasing Loan Volume and ROI

In this Commercial Lending Case Study, you'll discover how to leverage digital lending technologies to accelerate growth and leapfrog the competition in the private lending market. A new and innovative approach to mortgage lending — growing lending volume by orders of magnitude.

New ESG laws will force big changes on banks


Banks in Europe need to prepare for the biggest set of regulatory changes since the aftermath of the 2008 global financial crisis. They’ll soon have to comply with sweeping sustainability rules drafted by national governments and financial services regulators.

Lawsuits over Zelle pile up

Payments Dive

Bank of America and Wells Fargo have both been sued recently by consumers who allege they were defrauded by scam artists using Zelle payments

Who were ICBA’s Top Lenders of 2022?

Independent Banker

The Peoples Bank helped the Jones family of Legacy Dairy in Hiseville, Ky., relaunch their business. From left, Ally Jones; bank chairman, president and CEO Terry L. Bunnell; and Doug, Genelle and Jagger Jones. Photo by Linkes Photography.

Why the Banking Industry Needs to Embrace the Metaverse

Banking Exchange

Together with new technology and the onset of the COVID-19 pandemic in March 2020, there has been a marked change in customer behavior The Economy Technology Feature Feature3 Mobile Online Tech Management. 1Technology

The Non-QM Market Experiences a Remarkable Comeback: Check Out the Industry Guide

As the commercial lending market evolves, non-QM loans are becoming increasingly popular. Check out this eBook for a detailed look at the benefits of non-QM loans, how to maneuver your way through, and what the future may bring.

Use This Framework for Better Bank Innovation

South State Correspondent

Every bank wants to be “innovative,” but the truth is innovation is difficult. Add to that a bank’s resource constraints, compliance demands, budget goals, legacy IT infrastructure and talent gaps, and innovation for a bank is extremely difficult.

The Fed’s ELE Tool for CECL: What It Is and Isn’t


New Fed Tool: ELE for 2023 CECL implementation The Federal Reserve's new Expected Loss Estimator, or ELE, tool for CECL is a spreadsheet-based option for smaller financial institutions to implement the current expected credit loss standard.

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Why money in the metaverse is a huge opportunity for banks


You can divide the history of money into five epochs, with each creating a new paradigm for the exchange of value. We are about to enter the next one—and it might just mean that the idea of money will come full circle. Direct exchange of the goods being traded is the oldest form of value….

BNPL extends to gas, groceries

Payments Dive

Buy now-pay later providers have made their financing services more available for everyday purchases, offering consumers a tool to deal with inflation

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A Comprehensive Guide to Construction Loan Issues for the Commercial Loan Market

Understand how to mitigate risk & protect the interest of all parties with this exclusive, must-have guide outlining important issues for commercial construction lending & best practices.

How community banks can help young homebuyers

Independent Banker

Photo by Ridofranz/iStock. As house prices skyrocket, student loan debt grows and wages stagnate, many Gen Zers and millennials are watching their homebuying dreams move out of reach. But there are ways community banks can help mortgage-seekers get on the property ladder. By Beth Mattson-Teig.

Know Your Rights! Credit Card Billing Rules from July 1st, 2022


Here’s everything you need to know about Credit Card billing, effective from July 1st, 2022, as defined by the RBI’s guidelines around Credit and Debit Card issuance released in April.

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A Tumultuous Week Comes to a Close

South State Correspondent

A Tumultuous Week Comes to a Close. We mentioned on Monday to tighten your seat belt as it could be a wild ride this week and that prediction certainly came true.

Prevention is the Key to Stopping Elder Financial Exploitation & Fraud


Elder fraud prevention and education Learn strategies for recognizing and reporting elder fraud and exploitation. . Would you like other articles on BSA/AML training in your inbox? Takeaway 1 Elder abuse, exploitation and fraud continue to rise as the baby boomer generation ages.

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CMBS Lending on the Rise: Uncover 10 Common Myths of Securitized Lending

CMBS Lending is an established and growing industry that is, once again, rising to the top as a significant source of permanent loan financing. Learn the truth about CMBS lending and why it might be the best financing solution.