Sat.Aug 02, 2014 - Fri.Aug 08, 2014

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Innovation in Spain: A Way Forward for Banks Globally?

Celent Banking

'Innovation is global. This isn’t too revolutionary of an idea, neither is it new nor original. Yet, increasingly, conversations with banks, especially in the US, reveal that many institutions aren’t looking too far outside of their market, let alone their vertical, industry, or country, for inspiration on how to innovate. In effect, this is giving an outsized impression by bankers of innovation in banking.

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Take Charge: Combat Call Report Encroachment with ICBA Petition

Finer Points

'Before I was ever a community banker, I was a cadet at the Virginia Military Institute and an officer in the U.S. Army. One of the core principles instilled in me during my military training was the importance of never giving up ground—of always looking for opportunities to take ground from the enemy. Well, in […].

Virginia 157
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Better Together (Part 1 of 3)

Matt Wilcox Pro

'428 Reasons Digitally Engaged Customers Matter Hint: Each reason is a percent If an average 428 percent increase in fee income is small potatoes to your bank, you can skip this article and my breakout session at next month’s ABA Marketing and Retail Conference. I won’t be offended. After all, the other breakout [.

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Execute the Lip Service Out of Your Digital Transformation

Gonzobanker

'If information is the new currency, why don’t we treat it as such? For decades banks built layers of dual control checks and balances for staff that handle the Benjamins. We have paid couriers millions to move bags of greenbacks between branches. Yet now that information has supplanted the almighty dollar as the critical factor for achieving a competitive advantage, we apparently could care less as we watch this new digital currency fall from the back of the armored truck and blow down the info

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Dear Mr./Ms. Bank Regulator

Jeff For Banks

'My firm will occasionally provide feedback on correspondence to our clients'' regulators. Today we did just that. Our advice: don''t come off as combative. Since hitting send on that e-mail, I reflected on how a half Italian, half Irish firebrand like myself became so melancholy. Truth is, I haven''t. I thought about what we should have said to the regulator, versus the sweet words I was encouraging our client to use.

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How to Write a Social Media Policy for Your Financial Institution

Long Lasting Ideas

'The expansion of social media in the workplace and for personal use has made it vital for financial institutions to include a specific social media policy within its policies and procedures. In the past it was easier to manage social media use by restricting access to sites on company systems, but smart phones and the acceptance of using social media in marketing communications has changed the landscape.

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If You Want Loyalty, EARN It!

Your Full Potential

'Hello friends! It’s been a while since my last post on this blog. For that, I apologize. However, my “vacation” from blogging was necessary so I could complete the work associated with my company’s next initiative that I’ll be announcing a little later on this year. OK – back to the blog! Do you know what they call a leader with no followers? Just another guy or gal.

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The Surprising Banking Giant Behind New Savings Site Sumday

Fintech Labs Insights

'BNY''s Sumday.com homepage Last week, the Internet discovered an interesting new savings site called Sumday ( note 1). It has responsive design, a cute intro video, and social media integration. But it also has something that few trendy fintech plays have, a $230 billion dollar parent, BNY Mellon. I''ve published something like 2 million words about retail banking and technology and this may be the first time "BNY Mellon" (or Bank of New York) has appeared.