Bank Innovation
JULY 1, 2015
What’s the latest thinking and analysis in banking innovation? Bank Innovation offers these sponsored white papers to give you a peak into what some of the industry’s top experts are thinking about the future and innovations.
Accenture
JULY 6, 2015
In the Accenture Technology Vision 2015 for Banking, we explore five digital trends that reinforce our strategy for banks to become Everyday Banks. The first trend we explore is the Internet of Me. We know that personalized experiences are a. Read more.
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South State Correspondent
JULY 30, 2015
Several banks offer a retail or business checking account that you can customize to your liking. In fact, BBVA Compass just rolled out their customized checking offering this quarter called “Clear Choice Checking.” The advantage is clear in that you give the customer the option to pick and choose what account attributes would give them the most value.
Abrigo
JULY 30, 2015
Banking industry experts expect the FASB’s long-discussed move to the Current Expected Credit Loss (CECL) model will be finalized by the end of the year, but many bank and credit union professionals may be finding that, as Tom Petty once sang, “The waiting is the hardest part.”. Waiting for clarity on the final standard is difficult, because financial institutions are anxious to determine how the transition from an incurred-loss model will affect the allowance for loan and lease losses (ALLL) an
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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
Celent Banking
JULY 30, 2015
I have heard banks ask, “How to we use digital channels to bring traffic into the branch?”. The rational is straightforward. After years of promoting self-service channels, branch foot traffic is declining – along with the sales opportunities that foot traffic represents. It’s a logical question, but the wrong question. A better question would be, “How do we enable effective customer engagement on their terms regardless of the channels involved?
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Jeff For Banks
JULY 11, 2015
How difficult is it to get to know someone that, well, you don't know? Very. Many of my readers know me. I'm not sure this is a good thing. Colleagues used to tell me that when meeting someone I should use "Jeff Lite". Just so you know. I'm not sure there is a Jeff Lite. Most of my readers, however, don't know me. And the benefits of having a blog is that I can write what I want.
Accenture
JULY 1, 2015
Non-performing loans (NPLs) is always an area of concern for banks where the economic uncertainty persist, like in Europe. The NPLS’ impact on lenders’ profitability of is twofold: a net loss on loans not recovered, and an increase in costs. Read more.
South State Correspondent
JULY 29, 2015
Now that we have officially kicked off strategic planning season, it is time for all banks to review their lines of businesses to see where they want to add or subtract capital over the next several years. Running a profitable bank is a simple equation of more profitable products to more profitable customers in a profitable way. Unfortunately, there are many banks with this equation exactly backwards – they try to sell unprofitable products to unprofitable customers through an inefficient proces
Abrigo
JULY 29, 2015
In its semiannual report last month, the Office of the Comptroller of the Currency (OCC) noted that the banking industry has loosened its standards for underwriting loans, bolstering the credit risk for financial institutions. While an increase in risk might be a red flag to the regulatory agencies, the reason many banks, particularly smaller institutions, have lowered their underwriting standards for auto, home or commercial real estate loans is simply to be able to compete in the changing indu
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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
Celent Banking
JULY 24, 2015
Corporations have historically parked excess cash in their demand deposit accounts to take advantage of earnings credit allowances. Each month, the bank calculates the earnings allowance for a client’s accounts by applying an earnings credit rate to available balances. The earnings allowance is then used to offset the cost of cash management services.
Independent Banker
JULY 30, 2015
Amending Louisiana’s laws to better address financial crimes, electronic documents and unclaimed property. By Robert Taylor. Since 2008 the Louisiana Bankers Association has sponsored more than 50 pieces of state legislation to help Louisiana community banks and their customers. After the financial crisis, the LBA, working closely with the LBA Government Relations Council, which is comprised of every member bank using a one-bank, one-vote process, has been able to deregulate numerous fees banks
Matt Wilcox Pro
JULY 31, 2015
Whatever happened to Clinkle? You may recall not long ago when an app by the name of Clinkle was on the tip of every tongue in the payments industry. The brainchild of wunderkind Lucas Duplan, Clinkle looked to be a game changer. No longer. According to Forbes, the company is struggling, losing dollars and employees [.
Accenture
JULY 13, 2015
For the last decade, the Accenture Global Consumer Pulse Research study has annually tracked the intentions and actions of consumers around the world. This year’s study included a sampling of more than 23,000 customers in 33 countries, including 16,000 banking. Read more.
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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.
South State Correspondent
JULY 28, 2015
Recently, Toshiba Corporation made the news for inflating earnings by at least $1.2B over the last seven years. Executives had to resign in disgrace. We are not interested in casting aspersions at Toshiba, but we do believe that at least one reason for this corporate governance failure is a lack of appropriate corporate values. The company’s public core statement is “Committed to people and to the future.
Abrigo
JULY 28, 2015
By definition, analytical procedures is a process of analytically detecting ways to decrease time and increase efficiency. This process can appear daunting at times because of the numerous comparisons of financial information that must be made when working on a client’s statements. The overall goal for an auditor is to identify unusual or unexpected balances as well as areas of discrepancy that could jeopardize the o the financial health of a client.
Celent Banking
JULY 21, 2015
Last Wednesday I attended IBM’s analyst presentation on Transforming Banking and Financial Markets with Data. The crux of the presentation was the benefits of big data and cognitive analytics for financial markets. The return from better understanding the desires of an individual bank customer are well understood and IBM did a good job of illustrating the up-lift.
Independent Banker
JULY 30, 2015
In Texas, data security, debit card surcharges and compensation for records searches become legislative issues. By Steve Scurlock. Throughout the 84th Texas legislative session this year, the Independent Bankers Association of Texas focused on several proactive agenda items intended to address issues of importance as directed by IBAT’s legislative committee and board of directors.
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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.
CFPB Monitor
JULY 31, 2015
Kim Phan. In a blog post on the CFPB website, the CFPB advocated on behalf of veterans with service-connected disabilities, who face obstacles when transitioning back to civilian life and working to become financially secure. The CFPB emphasized that individuals with disabilities have the right to fair treatment in the financial marketplace and access to tools that can help them improve their financial lives.
Accenture
JULY 23, 2015
Digital banking is here—from online banking and mobile payments to direct mortgages and payments—but it comes with fast-paced customer demands, unconventional foes, disruptive technology, tighter regulations and a host of other challenges for financial institutions. Banks that want to meet. Read more.
South State Correspondent
JULY 28, 2015
Bank of America just released their second annual “Bank of America Trends in Consumer Mobility Report” and it shows consumer’s growing reliance on smartphones. The report finds that 38% of respondents are never away from their phones and only 7% entirely shut down on vacation. In addition, 36% of smartphone users check their phone constantly while 89% of adults check their smartphones at least several times per day.
Abrigo
JULY 28, 2015
The demand for business valuations continues to grow with the improvement of the economy and the rise of baby boomer retirement. Performing high quality valuations has become more important than ever before to meet client expectations and compete in the industry. To reach the true value of a company, one must have a comprehensive understanding of each factor that goes into the calculation.
Advertiser: Data Robot
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.
Jack Henry
JULY 29, 2015
Author: Penny Webb , PWebb@profitstars.com. There has been a lot of talk (and some actual movement) in the financial service industry around the increased use of biometrics. The use of biometrics as a layer of security has long been an option for authentication efforts initiated from a personal computer, but there was lackluster acceptance in most segments of the payments industry.
Independent Banker
JULY 30, 2015
In New York, IBANYS plays creative offense and strong defense on several issues. By John Witkowski. The Independent Bankers Association of New York State has been actively advocating for several initiatives to enhance community banking and the communities and customers our members serve. We also have been playing what has become an annual game of intense defense—opposing a number of proposals that would enhance and expand the fields of membership and powers of tax-exempt credit unions.
CFPB Monitor
JULY 30, 2015
Barbara S. Mishkin. The Texas Bankers Association (TBA) announced on its website that it has filed a Freedom of Information Act (FOIA) Request with the CFPB to obtain all documentation the CFPB requested from bank software processors on the overdraft activity of their bank customers. The FOIA request relates to orders issued by the CFPB in November 2014 to financial services core processors that required the processors to provide information and data about the overdraft services they provide for
Accenture
JULY 31, 2015
My previous post introduced Global Structural Reform (GSR) and how new regulatory and compliance concerns are fundamentally changing the nature of the financial services marketplace. Developing big-picture insight around the trends inherent in GSR can go a very long way. Read more.
Advertiser: Trellis
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.
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