Abrigo
JANUARY 29, 2015
'By Natasha Closs, Director of ProfitCents Consulting & Advisory Services. An ongoing challenge for accountants and other financial services professionals is attracting new clients. In fact, bringing in new clients is at or near the top of the list of challenges facing accounting firms of all sizes, and it’s a top priority among specialists, such as forensic and valuation accountants, as well.
South State Correspondent
JANUARY 29, 2015
'If you want to win more loan business here is a tactic that experienced bankers know that many loan officers don’t. This should be part of every loan officers training (we work it in) and is handy to have in your back pocket for those rate-focused borrowers.
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Celent Banking
JANUARY 29, 2015
'My wife and I decided that it was time. Time to introduce our 2 daughters to a bank and open their own accounts. Our girls are old enough (ages 8 and 6) to understand what a bank is, plus they hear their daddy talk way too much about banks. So far, their birthday money has been stored in their collection of wallets, piggy banks or ziploc bags. They are no strangers to financial education as we have talked before about the different uses for money and the importance of saving.
SWBC's LenderHub
JANUARY 29, 2015
'In my last post , we took a look at three financial products (prepaid cards, check cashing services, and payday loans) that are popular with Gen Y. We discussed why millennials prefer to use them and offered some ideas on how to attract and retain Gen Y with these products. In this post, I''m going to delve deeper and explore the importance of convenience.
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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
CFPB Monitor
JANUARY 29, 2015
'Peter N. Cubita and Richard J. Andreano, Jr. The U.S. Supreme Court heard oral argument last week in Texas Department of Housing and Community Affairs v. The Inclusive Communities Project, Inc. — the case presenting the issue of whether disparate impact claims are cognizable under the Fair Housing Act (FHA). Two prior cases presenting this issue were settled after merits briefing but before oral argument was heard in the Supreme Court.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Abrigo
JANUARY 28, 2015
'By Brad Spence, Director of Sageworks Valuation Solution. It’s a classic conundrum – to build versus to buy. Make dinner at home versus take-out. While there are certainly people constructing their own coffee table – measuring, cutting, sanding and staining – most will drop a bill or two on a vintage-looking wood piece to prop up our feet after a long day.
South State Correspondent
JANUARY 27, 2015
'While some banks are challenged to expand or even maintain loan balances, the industry has experienced impressive loan growth over the last four and one-half years. The below graph shows the Federal Reserve data for loan balances for all banks excluding the top 25 largest banks (the top 25 largest banks follow a similar path). This data covers from 2007 to the present and shows how loan growth, particularly over the past year, has been strong.
Celent Banking
JANUARY 28, 2015
'Yesterday Apple announced its results for Q1 2015: revenue of $74.6 billion, profit of $18 billion over the three months, apparently the largest quarterly corporate earnings of all time. While these numbers are hugely impressive, of course, the payments industry was looking for any hints of Apple Pay performance. This is what we learned: On enabling consumers: Apple sold over 74 million units of phones, mostly iPhone 6/ 6+, which is ~9 million more than expected by the investment analysts.
Jack Henry
JANUARY 28, 2015
'Author: Derik Sutton, DSutton@ProfitStars.com. In part one of this blog post we discussed what UI/UX is and why it’s important. In part two we will highlight some specific UI/UX influences and some best practices to consider when evaluating your digital channels. Let’s start with a UI/UX influence that you may have noticed more and more lately. Have you noticed how much the web and mobile web have been taken over by cards?
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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
CFPB Monitor
JANUARY 29, 2015
'Barbara S. Mishkin The American Bankers Association has sent a letter to the CFPB urging it to take down from its website its new mortgage interest rate calculator tool. The CFPB launched the new tool earlier this month, in conjunction with its highly publicized report that found nearly half of consumers do not shop among multiple lenders before applying for a mortgage loan.
Jeff For Banks
JANUARY 24, 2015
'Prediction : The Federal Reserve''s Comprehensive Capital Analysis and Review (CCAR) and its complementary Dodd-Frank Act Stress Testing (DFAST) will meet its intended purpose, to better ensure financial institutions have sufficient capital during times of economic duress. But not why you think. If you look at Citigroup''s or BofA''s leverage ratio today versus 2006 or 2007, it is clear that they carry far more capital than before the financial crisis.
Abrigo
JANUARY 27, 2015
'Following three successful years in Nashville, Tennessee, the 2015 Risk Management Summit heads to a new city this September. Bank and credit union executives and leading industry experts will convene September 23-25 in Chicago, Illinois, for the premier banking conference covering the ALLL and stress testing. Given pending changes to the ALLL as a result of the FASB’s CECL model, continued challenges within the allowance and increasing focus on stress testing , the Summit is designed to
South State Correspondent
JANUARY 26, 2015
'If your bank has ever tried to introduce an environmentally-friendly checking account, then this will resonate with you – Ask a customer in a survey would they sacrifice interest to support the environment and more than 70% of your respondents will say “yes.” At a different time, ask potential customers in a branch to actually open a green checking account, and less than 5% will do so.
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Celent Banking
JANUARY 26, 2015
'It’s 2015, the mid-point of the decade and a good time to start looking at major trends in Asian financial services over the next five to ten years. One of the major themes will be regional integration, which is another way of saying the development of cross-border markets. There are at least two important threads here: the ongoing internationalization of China’s currency, and the development of the ASEAN Economic Community (AEC) in Southeast Asia.
SWBC's LenderHub
JANUARY 23, 2015
'Are you offering a value-added product to support your equity lending process? If the answer is no, you should know that right now, more than ever, is the ideal time to be doing so. With current renewed interest in equity lending programs and the refinance market on the decline, this is the perfect time to reconsider what value-added support products you offer.
CFPB Monitor
JANUARY 28, 2015
'Barbara S. Mishkin The Financial Services Roundtable and CFPB are joining forces in a nationwide public-private initiative to promote effective financial education. According to an announcement posted on the Roundtable’s website, the CFPB and Roundtable plan to work together to facilitate the gathering and sharing of information about effective financial education strategies, to encourage adoption of financial education initiatives, especially in K-12 schools and in the workplace, and to
Jack Henry
JANUARY 23, 2015
'Author: Derik Sutton, DSutton@ProfitStars.com. Part 1: What is UI/UX and why is it important? By now you’ve heard of UI/UX. You may have even referenced it in a conversation about a particular website, app, or other technology interface. For most people it’s the most technical way they know how to say “I like this” or “I don’t like this.”. UI/UX belongs to the larger descriptor, design, which further complicates this post because that term is often broadly used and hard to define.
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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.
Abrigo
JANUARY 22, 2015
'According to a recent survey from four Federal Reserve Banks, small regional and community banks have the highest approval rate for small business loans. Over the first half of 2014, these banks, with an approval rate of just under 60 percent, beat out large national banks (31 percent), large regional banks (45 percent) and online lenders (38 percent).
South State Correspondent
JANUARY 21, 2015
'As our community banking delegation finishes off our second week in India, and before we head to the Middle East, we wanted to recap what we learned from meeting with some of the top bankers and government officials in order to give a taste to our readership of what banking is like in this most amazing country. American bankers would feel right at home as banking isn’t all that different save for the fact that the Indian culture and economy throws in a few obstacles.
Celent Banking
JANUARY 25, 2015
'The media has been abuzz with reports of Toppan Printing’s plan to introduce an electronic system to facilitate the sale of home loans. In light of this, in this edition we want to consider straight through processing and its possibilities and implications in the financial services industry. The proliferation of bank ATMs has largely driven cash transactions from banks, bank branches, and cashier windows.
Gonzobanker
JANUARY 19, 2015
'Holly ralph lauren italia madison celebrates her 32n longer birthday a n chateau. “Peepshow”That by end hollywood and this is because holly’s days”Platinum blonde bombs terrible holly madison wowed the crowd on the re closed carpet a to she celebrated her 32n ve had birthday a longer chateau nightclub showrooms at the the capital on in the future night:Las vegas’ dear relative dazzled in relation to a gol r sparkle dress in the vicinity versace for s and red sparkl
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CFPB Monitor
JANUARY 28, 2015
'Barbara S. Mishkin A new CFPB report entitled “Financial well-being: The goal of financial education” describes the CFPB’s initial research into how people acquire financial capability. The CFPB states in the report that it undertook the research specifically to inform financial education and improve consumer outcomes. According to the CFPB, its “overarching objective” was to determine how to define and measure the success of different financial literacy strateg
SWBC's LenderHub
JANUARY 15, 2015
'In my post titled Gen Y: Why They''re Every Institution''s ''White Whale'' (and What You Can Do to Conquer Them) , I explored how financial institutions are facing, perhaps, their biggest challenge yet: attracting and retaining millenials—like me. It seems this is largely a result of underestimating the valuable banking opportunities Gen Y presents, plus the fact that institutions are overlooking all the data that shows Gen Y''s approach to personal finances is vastly different than any other g
Abrigo
JANUARY 21, 2015
'The world is increasingly digital. Favorite songs, memorable moments and solitaire are all housed on a small, thin rectangle likely tucked away in a pocket. The techies and bankers alike knew that a mobile wallet was next. And why shouldn’t it be? Peek inside nearly any brick-and-mortar retailer and you’ll see a wave of smartphones in-hand, people waiting for their turn to step to the register and make their purchase.
South State Correspondent
JANUARY 20, 2015
'When rates rise there are two main offsetting effects on the value of bank’s loans. On one hand, rising rates usually mean an improvement of both the general economy and of a particular sector. Not only is demand improving, but some sectors, consumer products for example, are more sensitive to improving economic conditions. On the other hand, rising interest rates is also is a result of a rise in the price level of inputs such as labor, raw materials and rents.
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