South State Correspondent

FEBRUARY 17, 2015

'The war of corporate banking is being fought over cash management. Unfortunately, many community banks are at a disadvantage because they''re under-armed. Most of the deficiency stems from strategy as it is rare we hear of a bank where building out their cash management offerings is a priority. That is a mistake, as dollar-for-dollar expanding your corporate cash management suite is one of the best investments you can make given its high return.

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Management Community Bank Community Strategy 235

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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St. Louis Lending Community Bank Regional 190

Celent Banking

FEBRUARY 18, 2015

'Celent’s Innovation and Insight Day is about a month away, and I couldn’t be more excited. We have great external speakers bookending the day, and we’ll be exploring exciting technology implementations with 18 Model Banks in five categories (plus Celent’s Model Bank of the Year): • Digital. • Omnichannel. • Legacy and Ecosystem Transformation. • Innovation and Emerging Technologies. • Payments.

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Innovation social media Kansas New York 153

SWBC's LenderHub

FEBRUARY 17, 2015

'Caitlin Regan, "Cheers Bar," CC By 2.0. I vaguely remember hearing the theme song from the 1980s sitcom, "Cheers," as a kid when I would visit my grandparents'' house during the summer. It was always on right before the 10 p.m. news, and even to this day, when I hear the opening score, I see my grandmother''s orange and brown paisley couch and smell the scent of homemade tortillas (a constant and wonderful staple in my grandmother''s kitchen!).

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South State Correspondent

FEBRUARY 18, 2015

'For many banks, loan structuring is a one size fits all effort. Like Henry Ford said about the Model T –Customer can have any color they would like in the car as long as it was black, banks say that their value proposition is service, yet offer few choices when it comes to loan structuring.

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Video 233

Independent Banker

FEBRUARY 16, 2015

'A Second Cyberdefense. By Noah W. Wilcox, Grand Rapids State Bank. Information is the new coin of the realm, and financial information is the most widely prized. Today protecting rapidly escalating volumes of faster-moving information has become one of the most pressing technology challenges for businesses and other organizations. Nowhere is this more consequential than in the cybersecurity undertaken by the nation’s financial sector, including community banks.

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Maine Community Bank Industry Community 107

CFPB Monitor

FEBRUARY 17, 2015

'Ryan J. Richardson and Richard J. Andreano, Jr. Late last week, on February 12, the CFPB announced actions against three mortgage companies for alleged violations of Regulation N , the Mortgage Acts and Practices Advertising Rule. Among other restrictions, Regulation N bars any commercial misrepresentation of the relationship between a credit provider and a government.

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Lending Regulation Taxes Groups 99

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.

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Houston Management Analytics Data 207

Abrigo

FEBRUARY 16, 2015

'One of the topics continually making headlines in banking today is the cost of regulation. Members of Congress are currently debating the topic – whether smaller financial institutions are being negatively impacted by regulations like the Dodd-Frank Act – within a Senate Banking Committee hearing on regulatory relief for small banks and credit unions ( American Banker offers five takeaways from the Committee’s first hearing ).

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Community Bank Community Regulation Lending 150

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Independent Banker

FEBRUARY 16, 2015

'What’s in store for mobile in 2015? By James DeBello. In 2014, mobile deposit capture technology became a staple for more than 3,000 banks and 33 million Americans. With the rapid adoption and ongoing acceptance of banking with a smartphone and smartphone camera, the banking industry is poised for even more growth in mobile banking in the coming year.

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San Diego Mobile ATM Trends 101

Gonzobanker

FEBRUARY 18, 2015

'I think ever since GonzoBanker’s mother ship, Cornerstone Advisors , was founded over 13 years ago, Bank Director has hosted its “Acquire or Be Acquired” conference (or, as all the regulars call it, “AOBA”) in our back yard here in sunny Scottsdale or Phoenix, Ariz. Well, my partner Steve Williams and I finally broke down and attended. Here is a recap of the flurry of activity at this year’s event.

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Conference Community Phoenix Arizona 93

Jack Henry

FEBRUARY 18, 2015

'Author: Karen Crumbley, karenc@gladtech.net. C YBERSECURITY: During the final quarter of 2014, the “ FFIEC Cybersecurity Assessment General Observations ” and the “ Cybersecurity Threat and Vulnerability Monitoring and Sharing Statement ” documents were released. This documentation included findings from the Cybersecurity Examination Work Program – a survey that came from more than 500 community financial institutions (FIs) where they were evaluated by the FFIEC for preparedness to mitigate cyb

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Compliance Survey Community 78

Banking 2020

FEBRUARY 17, 2015

'For everyone from lazy millennials in the suburbs to disadvantaged denizens in under-developed regions, this is a game-changer. It almost seems inevitable. Just as the onset of online banking capabilities upended traditional industry practices, the slew of mobile banking apps now on the market, and the heavy adoption of those technologies by ‘millennials’ in particular, was bound to make even online banking look old-fashioned.

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Mobile Online Millennials Course 78

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Independent Banker

FEBRUARY 16, 2015

'Community banks should prepare for several significant new ACH rules in 2015 and 2016. Here are a few. By Jennifer L. Kirk. Unauthorized entry fee. The ACH Network wants to rid itself of unauthorized entries, and the new strategy is to fine Originating Depository Financial Institutions that send unauthorized entries. In a nutshell, for every ACH transaction that is returned as R05, R07, R10, R29 or R51, the ODFI will incur a fee that will range from $3.50 to $5.50.

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Industry Community Bank Payments Operations 97

ABA Community Banking

FEBRUARY 18, 2015

'Book Review: Good decisions aren’t just about Big Data Management Blogs CSuite Books for Bankers Community Banking.

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Data Big Data Community Bank Community 82

CFPB Monitor

FEBRUARY 18, 2015

'Barbara S. Mishkin. Isaac Boltansky of Compass Point has issued an estimated timeline for the CFPB’s payday loan rulemaking that includes a July 2015 expected date for the CFPB’s release of a proposed rule. Mr. Boltansky estimates that the CFPB will initiate a small business panel pursuant to the Small Business Regulatory Enforcement Fairness Act (SBREFA) this month, conclude the SBREFA process in April 2015, and issue its proposal in July 2015.

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Lending 65

Banking 2020

FEBRUARY 19, 2015

'Whether you’re a national or local financial institution, it’s important to make sure you have initiatives in place that help you connect with members of your local community. Apollo Bank , a locally-owned bank in the Miami area, is doing just this. We recently spoke with Eddy Arriola, Chairman of Apollo Bank, to learn more about their initiatives and how other financial institutions can learn from them.

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Miami Community Leadership Florida 76

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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.

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Independent Banker

FEBRUARY 16, 2015

'New skills for today’s internal auditors. By Brian Pye. Internal auditors are responsible for more than reviewing loan files, completing a wire transfer audit or assessing controls over investments. Today, they must have an effective relationship with their audit committee and supervisors, continuous training, and a short- and long-term audit plan that addresses their bank’s changing needs and risks.

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Management Training Minneapolis Meeting 95

ABA Community Banking

FEBRUARY 20, 2015

'Smaller banks can combine data science and advanced analytics for profitability Technology CSuite Community Banking.

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Big Data Data Community Bank Analytics 70

CFPB Monitor

FEBRUARY 19, 2015

'Barbara S. Mishkin. Five prominent industry trade groups sent a letter to the CFPB yesterday seeking “to engage the CFPB in a constructive dialogue” on the study of indirect auto financing commissioned by the American Financial Services Association. The study, which was conducted by Charles River Associates, found that the CFPB’s proxy methodology for measuring disparities in auto dealer reserve was “conceptually flawed in its application and subject to significant bias and estimat

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Study Groups National Regulation 60

Tomorrow's Transactions

FEBRUARY 20, 2015

'The figures show very clearly that Bitcoin isn’t being used as a retail payment mechanism. Will it ever be? I wouldn’t think so, but that doesn’t mean that cryptocurrency will never be used in retail. There was a post I saw the other day, I apologise for forgetting who wrote it, arguing that because US merchants have to pay such high fees for taking payment cards, Bitcoin will find traction with that community and grow, so that Bitcoins will be worth $5,000 each or something.

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Bitcoin Retail cryptocurrency Cards 51

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Independent Banker

FEBRUARY 16, 2015

'Special functions and features to draw prized smartphone-tethered customers. By Phil Britt. With mobile banking and mobile payments the financial services topics du jour, vendors are promoting several features and functionalities as “must-have” options, but there are really only a handful that set apart the capabilities of one community bank over another financial institution, according to consultants.

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Mobile Community Bank Community ATM 91

ABA Community Banking

FEBRUARY 18, 2015

'“Tsunami” of 575+ million chip cards may swamp consumers by yearend Payments Risk Management Cards Cyberfraud/ID Theft Feature Feature3.

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Cards Groups Risk Management Management 61

CFPB Monitor

FEBRUARY 18, 2015

'Barbara S. Mishkin. The FTC recently sent a letter to the CFPB reporting on the FTC’s 2014 activities related to compliance with the Equal Credit Opportunity Act and Regulation B. Although the FTC has authority to enforce the ECOA and Reg B as to nonbank providers within its jurisdiction, the letter does not include any specific 2014 FTC enforcement activity.

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Report Policies Big Data Lending 60

Banking 2020

FEBRUARY 20, 2015

'Below are interesting stories the Banking.com staff has been reading over the past week. Articles via Banking Exchange, The Financial Brand ,Wall Street Journal and BankThink. Millennials likely to embrace nontraditional services: According to a recent survey conducted for FICO, millennials (aged 18-34) are more likely to use nontraditional services like Apple Pay or Google Wallet, proving that banking alternatives have the potential to grow rapidly if properly designed and executed.

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Millennials Innovation Mobile Samsung 44

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