Jeff For Banks

MARCH 15, 2014

'This week I did my annual tour of the West, teaching Bank Profitability in the Executive Development Program for the Washington, Oregon, and Utah Bankers'' Associations. As part of the day-long curriculum, we discuss industry trends. And since I have dozens of next generation leaders in the class, I ask them, what is the next game-changing trend in our industry?

Industry 115

Industry Oregon Utah Washington 115

Javelin Strategy & Research

MARCH 25, 2014

The Internal Revenue Service sounded a loud warning shot today for all you Bitcoin users: Stop calling it a virtual “currency.” In the eyes of the taxman, it’s anything but – and that means taxpayers now must confront a raft of ways in which Bitcoin must be reported and taxed.

Bitcoin 40

Bitcoin Taxes Report 40

Tefkin

MARCH 12, 2014

In the last years, most of the focus on innovation in financial services has been, it seems, on banking (investing and lending) and payment. Comparatively, fewer startups have been addressing the insurance space. This is about to change and the opportunity space is amazing. To give a few numbers, non-life insurance market world-wide in 2011 was estimated at $1,877.2 billions.

Comparison 34

Comparison Lending Examples Data 34

Money and Payments

MARCH 16, 2014

'Pierre Petit, deputy director general (payments and market infrastructure) of the European Central Bank, has outlined the ECB’s views on European retail payments. He made his remarks at the EPCA Summit 2014, where he defined the role of the European Retail Payments Board (ERPB) and the follow-up on the SecurePay recommendations on access to payment accounts.New players to be part of drive towards integrated European payments marketThe ERPB is to become a forum for driving the further developmen

Conference 28

Conference Retail Payments Meeting 28

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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

Lending

Jeff For Banks

MARCH 8, 2014

'As financial institutions’ commercial credit portfolios have expanded in recent quarters, regulators have increasingly warned against growing so quickly that risk management standards and processes fall behind. Indeed, credit risk is expected to remain a top examiner focus in the coming months, given the low-yield environment and pressure on financial institutions.

Analysis 91

Analysis Risk Management Lending Industry 91

Jeff For Banks

MARCH 29, 2014

'It is annual report season, meaning publicly traded financial institutions are finalizing their 2013 numbers and submitting their 10k''s to the Securities and Exchange Commission (SEC). In preparation for meetings, I frequently read 10k''s. If you haven''t read a 10k, it will win no literary awards, especially for originality. This was abundantly clear while I was reading a 10k and forgot the bank.

Strategy 102

Strategy Texas San Antonio Fort Worth 102

Jeff For Banks

MARCH 3, 2014

'I learn a lot from bankers and industry experts as I visit their offices, speak to them on the phone or at industry events. Occasionally they will offer an insight that I think my Twitter followers would find interesting. Since I estimate my Twitter community only reads about 10% of their tweet stream, and so many of my blog readers do not follow Twitter, below are selected quotes that I tweeted since version 6.

Branch Strategies 91

Branch Strategies FDIC Strategy Industry 91

Jeff For Banks

MARCH 25, 2014

'Much has been said about the challenge in making branches profitable. But what has been measured? The below graphic, taken from my employer''s database of hundreds of branches, highlights how challenging it is to generate spread in our historically low interest rate environment. The stability of the trend signifies how long the Federal Reserve has kept interest rates low.

Groups 89

Groups Trends Marketing 89