January, 2016

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Innovation Opens Doors for Banks in Emerging Markets

Accenture

Innovation and the digital revolution are helping bring needed services to people who have previously not had access to banks. In a report developed with Care International UK, Accenture estimates that the market for those who are un- or under-banked. Read more.

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Loan-pricing models: What to consider

Abrigo

Financial institutions that structure and optimize pricing for loans are able to make sure they are adequately compensated for the risk they are taking. Instead of pricing loans based on a “gut feel” or a request to match or beat competitors’ rates, institutions that utilize loan-pricing models incorporate a more methodical approach. Benefits of loan pricing This methodical approach can help ensure the best loan and terms are matched to the borrower so that the financial institution makes the sa

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Does Your Bank Trust Too Much In Trust?

South State Correspondent

Before there was banking, there was trust services. Discussed by Homer and then Aristotle, the concept has its roots in both Roman and Islamic law. However, it was English law in the 12 th century that had to perfect the structure for noble landowners to pass their estate on to the next generation. As anyone that has seen Game of Thrones will attest, that can get messy.

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Banks and Fintech: Friends or Foes?

Celent Banking

The question in the title of this post has become a rather hot topic lately. Earlier this week, I was kindly invited to join the panel on “what’s hot in Fintech” at Citi’s Digital Money Symposium, and it was one of the central questions we debated as a group. My colleague Stephen Greer has also discussed Bank-Fintech relationships on these very pages, for example, see here and here.

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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Top 10 Payments Predictions For 2016

Insights on Business

What do you think will happen in 2016? Here are my top 10 payments predictions: # 1 Wallet Wars. Clarity around who will dominate the wallet market becomes cloudy. # 2 Apple loses its shine. Initial Apple Wallet momentum slows. Competition fights back with alternatives. # 3 Banks fight back. The demise of banks is greatly overstated. Banks get smart and start investing in their future. # 4 Blockchain.

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More Trending

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Big data analytics and cybersecurity take center-stage in payments systems

Accenture

Some big themes dominate Payments today, and each is likely to endure for many years. Sibos 2015 in Singapore brought them into sharp focus – specifically: Big Data Analytics, Cyber-security, Bank & FinTech Hubs, Cryptocurrencies/Blockchain Technology, Trade Finance and APIs. Read more.

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Optimizing Capital: Challenges and Opportunities for Financial Institutions

Abrigo

The following is an excerpt from the Sageworks whitepaper "Optimizing Capital: Challenges and Opportunities for Financial Institutions". Serving customers and helping them achieve their financial goals are often identified by bank and credit union executives as their organizations’ top objectives. Whether it is Wells Fargo (with $1.6 trillion in assets and thousands of employees) or tiny Oakwood State Bank in Texas (with $6.5 million and two employees), financial institutions understand the impo

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Banking Judo –Turning Size To Your Advantage With Credit

South State Correspondent

Having more bankers to throw at a borrower or more assets to flaunt does not make a bank more effective. Strategy beats size every time, but bankers need to be smart how to position themselves against large banks. When it comes to loan mix, community banks need to be careful to assemble their assets with enterprise risk in mind. In particular, the increase in commercial real estate (CRE) and specifically, High Volatility Commercial Real Estate (HVCRE) is starting to be a concern.

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Is the tablet banking honeymoon over?

Celent Banking

Only a couple years ago, as mobile banking was growing rapidly, and the conversation around development strategies was at its height, tablets played a prominent role in channel strategies at the largest and most digitally mature institutions. The consumer interest in tablets over the last year or two, however, has plateaued—even waned. Tablet is nowhere near dead, but sales have started to level off.

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The State of Automation in Financial Services 2024 Report

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

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Bold Thinking For The Next-Generation Bank

Insights on Business

Digital forces are transforming industries beyond recognition. Big data, mobility, social media and cloud computing are changing the way people live, work and think – and forcing banks to develop new strategies to meet ever-shifting customer expectations. Time is of the essence. Today’s banks face fierce competition from start-ups, fin-techs and more.

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15 Minutes With … Scott Badley

Independent Banker

Scott Badley says his informal work attire matches his casual management style. Scott Badley. Vice President. for the $240 Million-Asset. CSB Bank in Capac, Mich. IB: Tell us about your marketplace. Badley: We have a cool blend of communities. Some are heavily farming communities. Most of them have their own unique downtown or town-proper character.

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Core banking: Cost base and capability – where striking the right balance is imperative for future-fitness

Accenture

A bank’s core banking system is the underlying engine that drives and supports its key activities. It’s such an embedded and integral part of any bank that there might be a temptation to take it for granted. This would be. Read more.

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Mitigating Risk (and legal action) with Business Intelligence and Client Relationships

Abrigo

By Jeff Borschowa Author, Freelance Writer, Speaker, Growth Specialist at Dream Practice Possible Errors Accounting is a risky business. Many accountants I know, myself included, worry about what could happen if we were to be sued. The sad reality is that accounting professionals are a target and are at risk for malpractice lawsuits. If we are conducting audit and review engagements, there is a real risk that an accountant may: • Fail to notice suspicious activity • Miss signs of fraud • Misinte

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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How To Deliver “Wow Lending” At Your Bank

South State Correspondent

If you are a bank that believes delivering superior service is a function of being friendly and knowing your customers, then likely your bank lacks a strategic advantage. To truly deliver differntiating customer service, you not only have to find customers that care about banking and their financial future, but your bankers need to care more about your customer’s future than they do.

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Celent Banking - Untitled Article

Celent Banking

Many large financial institutions spent in excess of $25 million on rolling out failed enterprise risk management frameworks during the 2000’s. So why try again? Well for many obvious reasons, the most notable of which has been the large scale failure of institutions to manage their risks and the well-editorialized consequences of those failures. The scale of fines for misconduct across financial services is staggering and damage to the banking industry’s reputation will be long-lasting.

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Creating Long-Term, High-Value Banking Customers With Micro-Segmentation

Insights on Business

All companies, especially financial services firms , segment their customers to fine-tune their marketing based on unique circumstances. For example, a couple considering purchasing their first house has different needs than a couple saving for retirement. But that’s a pretty wide segment, and there can be a lot of variations within those groups. How do you go deeper into those segments to give customers more personalized service?

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Q&A on Agency Action

Independent Banker

Anticipating safety and soundness exam issues in 2016. As in past years, community bankers will have a dynamic regulatory environment to contend with in 2016. Safety and soundness concerns will remain a prominent driver of that supervisory dynamic for community banks. Karen Thomas, ICBA’s senior executive vice president–government relations and public policy, talked with Independent Banker about safety and soundness examination issues community bankers are likely to encounter in the year ahead.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.

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Innovation Awards Showcase Dynamism of Banking Sector

Accenture

These are exciting times in the banking industry. We are seeing an acceleration of innovation on many fronts, and particularly in marketing and distribution. We saw examples of this on display at the third annual Global Distribution & Marketing Innovation. Read more.

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Obstacles to an effective loan review

Abrigo

Click here to read the entire whitepaper written by Tim McPeak "A ship is always safe at the shore, but that is not what it is built for.” – Albert Einstein Banks generate most of their revenue by lending money, and lending money, by definition, involves a certain amount of risk. “The effective management of all types of risk, including the credit risk inherent in making loans, is what allows some banks and credit unions to thrive in times where others fail,” says Tim McPeak a Risk Management Co

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5 Things Bankers Need To Know About Deposit Pricing For 2016

South State Correspondent

Last week we wrote about how some banks are already starting to raise rates and how banks are adding deposits due to lower energy prices creating more disposable income. In the past, we have also showed how today depositor, given the rate environment, is more fee / attribute sensitive, than rate sensitive. Because of the confluence of trends, community banks must make sure to get their deposit pricing right in order to optimize their positioning.

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Financial industry outlook 2016: Innovation will find its way back

ZootBlog

Over the past several years as banks focused on staying in compliance with myriad new regulations, innovation slowed—nearly to a standstill. In 2015, I predicted it would be the year banks took back banking. That was certainly true for our clients. They forged partnerships with companies that have come to be known as disruptors in our industry, gave mobile banking new meaning, and focused on creating a great customer experience.

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Addressing Top Enterprise Challenges in Generative AI with DataRobot

The buzz around generative AI shows no sign of abating in the foreseeable future. Enterprise interest in the technology is high, and the market is expected to gain momentum as organizations move from prototypes to actual project deployments. Ultimately, the market will demand an extensive ecosystem, and tools will need to streamline data and model utilization and management across multiple environments.

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Top 10 Payments Predictions For 2016

Insights on Business

What do you think will happen in 2016? Here are my top 10 payments predictions: # 1 Wallet Wars. Clarity around who will dominate the wallet market becomes cloudy. # 2 Apple loses its shine. Initial Apple Wallet momentum slows. Competition fights back with alternatives. # 3 Banks fight back. The demise of banks is greatly overstated. Banks get smart and start investing in their future. # 4 Blockchain.

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Clarifying the Ruling

Independent Banker

Applying the U.S. Supreme Court’s decision on disparate impact. Last year the U.S. Supreme Court held that financial institutions could be held liable for neutral practices that pose adverse lending decisions against certain borrowers, even when there is no intent to discriminate, but with restrictive guidelines. Lilly Thomas, ICBA’s vice president–senior regulatory counsel, talked with Independent Banker about what impact the high court’s ruling could have on the fair lending examinations for c

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Cyber security: Are you cyber resilient? (You better be)

Accenture

Cyber security is a top-of-mind issue with no easy answers and no absolute protections. Cyber attacks are frequent, evolving, costly—and no retail bank is totally immune. Becoming cyber resilient A recent Accenture point of view challenges financial services organizations to. Read more.

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Stuck in compliance: The Grim Reaper of accounting firms

Abrigo

Progressive accounting firms seek consulting opportunities so their firms can take advantage of more lucrative advisory service offerings. At Sageworks, recent feedback from industry thought leaders and CPAs providing advisory services have highlighted a key benefit to this move. Often the amount of time taken to complete certain advisory services is less than traditional compliance engagements that would yield the same return.

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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.