South State Correspondent

SEPTEMBER 16, 2015

Yesterday, the new operating system came out for iPhones and iPads and its pretty slick. Moreover, Apple announced last week some radical new enhancements to almost every product. No matter what your view is on Apple you have to admire a company that continues to strive for improvement and relevance. You would be hard-pressed to find another company in this world that has the 2x per year pace of innovation that Apple does.

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Celent Banking

SEPTEMBER 18, 2015

When I’m feeling a bit flip, I tell clients that Celent goes to a lot of conferences so that they don’t have to. Don’t get me wrong: conferences are worthwhile, and you have a lot of serendipitous conversations. But they’re also time away from the office, and, to be honest, not every minute is completely productive. With that in mind, I’ll describe my very-high level takeaways of Finovate Fall 2015, held earlier this week at the New York Hilton.

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Mobile Conference New York blockchain 179

Accenture

SEPTEMBER 15, 2015

With mobile payments propositions launching thick and fast – Apple Pay, Samsung Pay, Android Pay, Zapp to name a few, how can banks and other payment service providers (PSPs) ensure that these propositions are adopted quickly, and what can they. Read more.

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Abrigo

SEPTEMBER 17, 2015

Valuation is as much an art as it is a science, and it is commonly considered to be a statement of opinion rather than a mathematically proven fact. The numbers, models and metrics are not the only factors of a business valuation. In his video of an introduction to valuation, Professor Aswath Damodaran states, “every valuation has a story, it’s less of a science and less about the numbers than we think.

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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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South State Correspondent

SEPTEMBER 15, 2015

If the Federal Reserve does make a change in their target Fed Funds and Reserve rate on Thursday it will have many banks scrambling to take another look at their rates on deposits and their own asset-liability positions as it pertains to how fast their loans will reset (given floors, fixed rates, etc.). Unfortunately, few banks will stop to look at their fee structure on their deposit accounts.

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Accenture

SEPTEMBER 14, 2015

In my recent posts, I’ve discussed key elements of the digital transformation for an Everyday Bank. You need to move at the right speed, balancing disruption and core transformation. You need the right roles to govern a successful transformation. And, Read more.

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Abrigo

SEPTEMBER 16, 2015

Member business lending (MBL) has been a hot topic in the financial services community this summer, particularly as the industry awaits finalization of the NCUA’s rule changes. While credit union lending to businesses has been on the rise over the last several years, both in terms of dollars and the number of credit unions that offer MBL services to their members, the proposed changes could perpetuate further growth in this area.

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South State Correspondent

SEPTEMBER 14, 2015

A good banker can sometimes tell that a number set is wrong just by looking at it. Today, we are going to teach you a trick that all bankers should know in order to help stop fraud, help in credit analysis and will be invaluable in M&A. We have even attached a calculator at the end to help you put it into practice. It doesn’t matter if the banker is a loan officer, a teller or a CEO.

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Celent Banking

SEPTEMBER 17, 2015

As one year anniversary of Apple Pay approaches, banks have to make more decisions about their mobile payments strategy. Android Pay launched in the US a few days ago, and Samsung Pay is expected to be available there soon as well. Should a bank just stick with Apple Pay or enable their cards with all the “pays”? Should they consider alternative options, such as their own HCE-based, or depending on the market, even SIM-based NFC solutions?

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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

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Jeff For Banks

SEPTEMBER 13, 2015

Last weekend, a bunch of friends got together for our annual Fantasy Football (FFL) draft. My first pick: Tom Brady (8th overall). I'm feeling pretty good about it since he threw four touchdown passes in week one. But it got me thinking about who would be my picks if I were assembling a fantasy banking team. So I thought I would give it a shot. First, I needed to decide positions needed.

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Abrigo

SEPTEMBER 15, 2015

Credit unions are on the rise, as indicated by the NCUA in the second quarter of 2015. Last week the NCUA reported that the total number of credit union members had surpassed the 101 million mark, and overall lending was up as of the close of Q2. According to the credit union regulatory body, membership in federally insured credit unions grew to 101,084,138, as of June 30th.

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South State Correspondent

SEPTEMBER 16, 2015

We recently discussed how banks should be treating interest rate floors ( Here ). Today we want to cover the converse structure – the interest rate cap. We are going to review how banks are using caps on loans and how some banks have been using balance sheet caps to manage interest rate risk. We will share some general observations and our recommendations.

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Celent Banking

SEPTEMBER 16, 2015

I’m heading into Finovate in a couple of hours. The UN general assembly is in town, and the only reasonable Starwood hotel I could find was the Aloft in Harlem. It’s amazing that this hotel has exactly the same feel as its counterpart at the Denver Airport…but I digress. I’m writing because Aloft has a cool feature called Keyless Entry. Very simply, I checked in on my SPG app, was given my room (which puzzled the clerk as I tried to check in again – apparently I didn’t even need to stop at the f

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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

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Jack Henry

SEPTEMBER 16, 2015

Author: Marvin McConaghy, MMcConaghy@ProfitStars.com. Over the years, I’ve sat through more than my fair share of factoring software demos where I’ve heard first-hand the war stories of factors. Some of the best were from those who started small, built their portfolios to an impressive size, and then hit a wall. They found out hard and fast that the old way of doing things would no longer cut it.

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Software 83

Banking 2020

SEPTEMBER 14, 2015

Mobile banking grows more ubiquitous every year. 52 percent of smartphone owners with a bank account use mobile banking, according to the Federal Reserve , and more than half of users log in at least 2 to 3 times a week. There is good reason for this momentum. Mobile banking is convenient and makes it easy for people to stay on top of their finances.

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CFPB Monitor

SEPTEMBER 16, 2015

Barbara S. Mishkin. The CFPB has announced that a meeting of its Community Bank Advisory Council is scheduled for September 30, 2015 in Washington, D.C. Director Cordray will be in attendance and there will be a discussion of consumer challenges in payments. In July 2015, the CFPB released a list of nine “ Consumer Protection Principles ” that were intended to express the CFPB’s “vision of consumer protection in new faster payments systems.”.

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Celent Banking

SEPTEMBER 14, 2015

This is the next – I have a terrible feeling its not the last though – of seeing the cards world through the eyes of a consumer. The story so far is contained in three previous posts, with the last reporting that my card details were skimmed (we assume) in the US. This post however looks at the experience at home. As a consumer, we often get warnings from our banks about phishing attacks – we will never do this, our emails will look like this, etc.

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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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SWBC's LenderHub

SEPTEMBER 15, 2015

Social media is everywhere, and everyone is using it; it is a part of everyday life. People use it to keep up with trends, find out news and celebrity gossip, keep up with family and friends, and to show others what they have been doing in their lives. Social media is defined by the Federal Financial Institutions Examination Council (FFIEC) as a form of interactive online communication in which users can generate and share content through text, images, audio, and video via multiple platforms inc

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ABA Community Banking

SEPTEMBER 18, 2015

Are banks or “disruptors” better placed to win consumer hearts and wallets? Lines of Business Retail Banking Channels Viewpoints.

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CFPB Monitor

SEPTEMBER 17, 2015

Barbara S. Mishkin. Since opening its doors for business, behavioral economics has played a central role in the CFPB’s regulatory agenda. Behavioral economists posit that consumers are not rational decision makers and instead have certain frailties or weaknesses that lead them to make decisions that they would later recognize as not in their own best interest.

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Banking 2020

SEPTEMBER 17, 2015

Millions of U.S. students will be heading to college this fall. Whether your children are two or 12, they will be registering for classes and purchasing those freshmen dorm room essentials before you know it. With that in mind, saving for college should be on the top of every parent’s checklist. While it’s important to start a college savings fund as soon as possible, note that it’s never too late to start.

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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.

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Javelin Strategy & Research

SEPTEMBER 15, 2015

So hot is Fintech right now that it is possible to attend a conference every day of the week. Apparently some people do that – I come across my nomadic circle of friends in exotic locations (read – Orlando) throughout Spring and Fall, looking increasingly tarnished and feral as the conferences, breakfast buffets and airport layovers take their toll.

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ABA Community Banking

SEPTEMBER 17, 2015

Will Justice Department’s policy on cooperation change corporate attitudes? Management Compliance Blogs AML & Fraud CSuite BSA/AML.

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Your Full Potential

SEPTEMBER 16, 2015

Aristotle once said, “Those who know, do. Those that understand, teach.”. I think we can all agree that Aristotle was a pretty smart guy. Numerous studies have shown that the human brain responds best to goals that are presented as directives. That is, they are more effective when some kind of action is included. I’m hoping that Aristotle wouldn’t mind if I render his observation in a more direct manner.

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Banking 2020

SEPTEMBER 15, 2015

Payment security and speed go hand in hand, according to the Federal Reserve and NACHA. The Fed’s recently unveiled plan to roll out real-time payments in the U.S. is growing closer to becoming a reality with the formation of a Board Advisory Group that will help NACHA realize its plans to create faster and more secure payments that meet the needs of banking institutions, merchants and many others.

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