South State Correspondent
FEBRUARY 26, 2015
'One of the biggest assets a bank has goes untapped in probably 95% of banks. Everyday term sheets are produced on loans, customer problems are handled and new ideas arise. Unfortunately, management hasn’t put a system in place, and because bankers are busy it is hard to carve out 20 minutes to share their experience and knowledge with their co-workers.
Abrigo
FEBRUARY 26, 2015
'With spring comes the promise of warmer temperatures, irises and snapdragons, along with March Madness college basketball rivalries and the start of baseball season. While tax accountants may not be able to see the light at the end of the busy season tunnel yet, the spring is sure to come. And when it does, and the W-2s and I-9s stop flooding in, some accountants and firms may want to transition from compliance work to more value-added advisory services.
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Celent Banking
FEBRUARY 27, 2015
'Over a year ago, we published a 2014 edition of our annual Top Retail Payment Trends Report ( 2015 edition is here ), in which we distinguished between app-based wallets – majority of mobile payments solutions in the market at that point – and device-based wallets. We suggested that payments would become ever tighter integrated into the device and the operating system (OS) and that we will see the emergence of device-based wallets, “which store securely on the phone a token as
Independent Banker
FEBRUARY 24, 2015
'Winning connections with Gen Y customers come with a few unspoken protocols of marketing and communication etiquette. By Kathryn Jackson Fallon. Four Rules of Engagement. 1. Seek permission. Texting millennials enters their private zone. Ask permission before texting or emailing them, and don’t abuse the privilege of your direct access with over-communication. 2.
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Matt Wilcox Pro
FEBRUARY 27, 2015
'Ever sat down for a chat with a Peppered Moth? Prior to the Industrial Revolution, the Peppered Moth flourished in the forests of England. Well, the light-colored ones did. They alit on tree trunks and blended in. Life wasn’t so easy for their dark-colored siblings. They struck such a contrast with the surrounding trees that they [.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
South State Correspondent
FEBRUARY 25, 2015
'If you want an eye-opening experience, at your next bank board meeting ask your board three questions: 1) What is your bank’s long-term strategy; 2) What is the current value proposition; and 3) What are the major changes that are currently taking place in the banking industry? Chances are you will be disappointed. Your bank is not alone, as we routinely ask the above questions to bank boards during strategic planning sessions all across the country and find the answers lacking.
Abrigo
FEBRUARY 25, 2015
'By Brad Spence, Director of Enterprise & Valuation Teams, Sageworks. Think performing quality business valuations is important? Consider this statistic: Roughly one in every three business-sale engagements for brokers over the last 12 months ended without a transaction, and unrealistic asking prices were a major factor in the failed deals, a recent survey says.
Celent Banking
FEBRUARY 25, 2015
'South Korea’s government has begun to move to permit internet-only banks. It is in discussion with a group of financial institutions, vendors and other institutions, and the outline for internet-only banking services will be set up around April. In South Korea, most banks, we can say all banks, already offer direct banking including internet, mobile and smartphone, and many customers are accustomed to them.
Independent Banker
FEBRUARY 24, 2015
'Total Return. A combination of factors determine every bond’s ultimate performance. By Jim Reber. During my 20-plus years of dealing with community bankers, either as an investment strategist, sales rep or business-development manager, I have come to understand that certain buzz words fall on deaf ears. As a consequence, supply-siders, like your bank’s brokers, tend to avoid using them during a sales pitch.
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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202
Gonzobanker
FEBRUARY 25, 2015
'In January a lifelong friend of mine married a super cool woman he met on a blind date. No Tinder, FarmersOnly, eHarmony, or ChristianMingle – just a good, old-fashioned love match arranged by a mutual friend. Ah… love. Makes you think of your core vendor, no? Core vendors are kinda like a blind date. You envision a gorgeous, funny and smart mystery person, but really you just hope your date’s visible scabies scarring is minimal and that you don’t end up hog-tied in the back of a creepy p
CFPB Monitor
FEBRUARY 25, 2015
'Barbara S. Mishkin. The CFPB has issued a proposal to suspend for one year the Truth in Lending Act/. Regulation Z requirement for issuers of open-end credit cards to send their credit card agreements to the CFPB quarterly for posting in a public database on the CFPB’s website. The suspension would not affect the TILA/Reg Z requirement for such issuers to post their credit card agreements on their own publicly available websites.
South State Correspondent
FEBRUARY 24, 2015
'In loan pricing and structuring, our loan trading and hedging desk often sees dozens of loans per day. We look at loans from banks all across the nation, including our own, and one area that could be improved is the quantification of lease risk in commercial real estate.
Abrigo
FEBRUARY 24, 2015
'It may still be early in the New Year, but the U.S. economy is looking promising for 2015. A resurgent job market (with 257,000 U.S. jobs added in January , following two very strong months in November and December) is most telling, and leaving many Americans with smiles on their faces. Along with steady job creation, wages are also on the rise. January also pointed to an average hourly wage shift – rising 12 cents to $24.75 in January, a jump of 0.5 percent.
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Celent Banking
FEBRUARY 26, 2015
'The branch is dead, long live the branch! Controversy around the wisdom (or not) of investing in the branch channel amidst rapidly growing digital banking adoption is showing no signs of letting up. Consider three articles published in the past week: Bank Innovation covering Associated Bank branch closures to fund digital channel initiatives. BTN coverage of Wells Fargo branch/digital convergence alongside the banks’ steadfast advocacy for maintaining its massive branch presence.
Independent Banker
FEBRUARY 24, 2015
'Years in the Making. New proposed mortgage reforms follow extensive ICBA outreach. By Elizabeth Eurgubian. The Consumer Financial Protection Bureau’s new proposals to reform its qualified mortgage rules follow years of ICBA advocacy. The ICBA and community bank campaign to improve those rules has included a comprehensive study on their impact that was released before the CFPB announcement of its proposed changes, which are expected to be formally adopted.
Jack Henry
FEBRUARY 25, 2015
'Author: Clarke Farmer, CFarmer@ProfitStars.com. CEOs and Chief Lending Officers, have you ever met a young lender that seemed to see his/her shadow while out on a business development call? Then, just like the groundhog, that lender will retreat back to the burrow with nothing more than a prospect’s business card. If so, then you are not alone. In the last 60 days, I had several conversations with bank executives in Minneapolis, Oklahoma City, Fresno and Atlanta on that very topic.
CFPB Monitor
FEBRUARY 25, 2015
'Barbara S. Mishkin. As he has done in prior years , Director Cordray spoke earlier this week to the National Association of Attorneys General. His prepared remarks focused on the familiar theme of “the four Ds” that create obstacles for consumers in the financial services marketplace–deceptive marketing, debt traps, dead ends, and discrimination.
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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.
South State Correspondent
FEBRUARY 23, 2015
'In the quest for greater profitability, one strategy that we are employing here at CenterState Bank is the move to be less transactional and more relationship based products. While lots of banks say they are about the relationship, few banks can point to anything more concrete other than delivering “the personal touch.” Having good people and an accessible CEO is just the price of entry for relationship banking.
Abrigo
FEBRUARY 18, 2015
'By Brad Spence, Director of Enterprise & Valuation Teams, Sageworks. Standards – whether they relate to academics, safety or business practices – help people identify acceptable levels of quality, and standards are used in nearly all aspects of our lives. Without standards, for example, it’d be harder to tell whether a student is making adequate educational progress.
Celent Banking
FEBRUARY 24, 2015
'Last week, Samsung announced the acquisition of LoopPay, a US-based smartphone payment solution vendor. It has been receiving attention as it may be poised to bring further growth to Samsung’s smartphone. The strength of LoopPay technology is broad versatility. Its technology enables smartphone payment at a touch to a magnetic card reader. Most existing smartphone payment services require the implementation of a dedicated payment terminal, and ApplePay is not an exception.
Independent Banker
FEBRUARY 24, 2015
'Biometric authentication systems expand in options and practicality. By Katie Kuehner-Hebert. Technology companies are releasing ever-more sophisticated and accessible biometric authentication systems for banks, from real-time voice recognition, to fingerprint and ear scans, to facial scans via selfies, to detecting an individual’s particular behavior patterns.
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Jeff For Banks
FEBRUARY 21, 2015
'Another day, another convoluted organizational structure that includes “small business bankers” that are dispersed into the branch network to shore up branch capabilities. If not small business bankers, it’s “cash management officers”, or “business development officers”. Why add a protective wrap of additional employees around your branches? Because branch staff are too busy with operational duties to go out into the community and pro-actively hunt for business.
CFPB Monitor
FEBRUARY 25, 2015
'Alan S. Kaplinsky. We recently wrote about two studies , one by Professor Ronald Mann and the other by Professor Jennifer Lewis Priestley, that cast serious doubt on the benefit to payday loan borrowers of an ability-to-repay requirement and limits on rollovers for payday loans, two elements that the CFPB is expected to include in its payday loan proposal.
South State Correspondent
FEBRUARY 19, 2015
'As many of you heard, Charles Barkley got into a verbal battle with the General Manager for the Houston Rockets, Daryl Morey, last week. The money quote was Sir Charles’ Luddite-like statement that Morey is “one of those idiots who believes in analytics.” Part of that is Charles being Charles, but part of that is the all-too-common fear of the unknown and fear of anything new.
Abrigo
FEBRUARY 17, 2015
'Following the recent recession, U.S. commercial bank loan portfolios have continued to expand. As of the third quarter of 2014, the total value of portfolios was $7.4 trillion, up from $6.5 trillion at the end of the third quarter of 2011. Which areas of lending and what banks are driving the expansion? A recent issue of Banking Insights , published by the Federal Reserve Bank of St.
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