South State Correspondent

JULY 21, 2015

Banks stumble on how to create an enduring brand. It’s hard given that one checking account looks much like another. However, if they can brand water, bananas and vodka, we can certainly brand a bank. Just be glad your bank has a product that customers can see and touch, because Intel had a tough job branding its hardware that was never seen. Despite that, Intel was wildly success with its “Intel Inside” branding effort and serves as a case study of why you want to invest in a brand.

How To 250

How To Case Study Branding Study 250

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.

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Big Data Data Analytics Resources 162

Finer Points

JULY 20, 2015

You’ve heard the old line that an elephant is a mouse built to government specifications? We’re all familiar with how government spending tends to grow rather than shrink. An equally troubling tendency perhaps even more familiar to community banks is the way governments often apply a cookie-cutter approach to their policies. Regulations are inherently rigid […].

Regulation 155

Regulation Community Bank Policies Community 155

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.

Digital Banking 150

Digital Banking Meeting Regulation Mobile 150

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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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South State Correspondent

JULY 23, 2015

It is a cliché in Silicon Valley that every start-up seems to call itself the next Uber of something. If not, Uber, then it is “AirBnB, but for _ “. However, a Philippine startup Coins.ph might be on to something that is a combination of both of those disrupters. “Teller,” Coin.ph ‘s new smartphone app allows users to get cash from other users in a secure and convenient manner.

ATM 214

ATM Security 214

Abrigo

JULY 21, 2015

Business valuations are one of the fastest-growing services offered by accountants. With a projected growth of nearly three percent each year through 2019, the industry is truly thriving. Much of the demand comes from the shift in business owner demographics as our nation’s baby boomers reach retirement age and step onto the path of valuing and selling their companies.

How To 150

How To social media Industry Examples 150

Accenture

JULY 22, 2015

I’m excited to announce that we are now open for submissions to the Efma Accenture Innovation Awards for 2015. Presented at the Efma Convention in Amsterdam on October 28, 2015, these awards are a wonderful opportunity for banks to showcase. Read more.

Innovation 150

Innovation Marketing 150

South State Correspondent

JULY 20, 2015

When a bank forecloses on commercial property (or has the option to foreclose) there is always a question of do you spend energy working out the property in hopes that the value comes back or do you sell the property and take the capital charge? To answer the question, we looked at analysis on 150 loans whose underlying financed properties had payment problem and analyzed appraised values over a period of time to determine when a bank should either push the borrower to liquidate the property or

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Analysis Capital Payments 207

Gonzobanker

JULY 21, 2015

“A satisfied customer — we should have him stuffed!” -Basil Fawlty, Fawlty Towers. Most anybody in the industry knows that financial institutions outsource more than they did five years ago, and they will have outsourced more in another five. There are very valid reasons for this trend. The biggest we see is that banks are finding it increasingly difficult to attract and retain key areas of talent – disaster recovery management, data center penetration/breach, data communicatio

Management 107

Management System Data US 107

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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

JULY 22, 2015

Author: Eric Flick, EFlick@jackhenry.com. According to the FFIEC, “It is the responsibility of an institution's board and senior management to ensure that the institution identifies, assesses, prioritizes, manages, and controls risks as part of the business continuity planning process.”.

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Management Guidelines 97

Accenture

JULY 20, 2015

Digital disruption has opened up the competitive playing field in banking. Fintech start-ups are influencing customer expectations and affecting specialized revenue streams. Other players include large digital leaders who are extending banking services into non-banking digital ecosystems where they are. Read more.

Digital Strategies 150

Digital Strategies Strategy Fintech Banking Trends 150

South State Correspondent

JULY 22, 2015

The countdown to higher rates continues despite the drama in Greece and the retracement of China. There is little ambiguity that rates will increase shortly and the question we would like to address is how banks should position their balance sheets for the expected shape of the yield curve. Put another way, what will be the shape of the yield curve in the future and what are the implications for loans, securities and deposit structures?

Security 197

Security 197

CFPB Monitor

JULY 22, 2015

Marc Patterson. The CFPB has issued a final rule postponing the effective date for all provisions of the TILA-RESPA Final Rule and Amendments to October 3, 2015. The final rule also includes certain technical amendments to reflect the new effective date. The provisions of the final rule related to the delay in the effective date, are effective immediately upon publication in the Federal Register in order to move the effective date for TILA-RESPA Final Rule and Amendments from Saturday, August

Compliance 91

Compliance System Industry Report 91

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SWBC's LenderHub

JULY 23, 2015

We are all very familiar with the stereotypical salesperson: Aggressive, money-hungry, over-the-top personality who will tell you anything to get you out the door with the product he or she is peddling. But in the past few decades, as society has caught on to the cunning tactics of salespeople, sales culture has experienced a shift in paradigm toward a more trusting, educational variety of sales.

Management 87

Management 87

Accenture

JULY 20, 2015

Regulators in financial services continue to make new rules—and for good reason. The goal is to increase resilience in banks and financial institutions around the world. These structural reform regulations—constituting Global Structural Reform (GSR)—are significantly changing the traditional ways of. Read more.

Regulation 150

Regulation Risk Management Management 150

Jeff For Banks

JULY 24, 2015

The Crisis Begins If your country was in default on its debt, in economic distress, and almost out of cash, would you vote “no” to a potential deal to get out of immediate trouble? Even if it meant spending less money- that you don’t have? None of us would do that, but tell that to the Greeks. 60% of them voted “no” in a national referendum on July 5 th and thus rejected a deal with creditors and the likely chance to stay in the Euro.

Puerto Rico 85

Puerto Rico Community Bank Community Risk Management 85

CFPB Monitor

JULY 20, 2015

Scott M. Pearson. The CFPB has issued a complaint report which it describes as “the first in a new series of monthly reports to highlight key trends from consumer complaints submitted to the Bureau.” In addition to providing overall data on complaint volume, each monthly report will spotlight a particular product and geographic location.

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Report Milwaukee Comparison Wisconsin 89

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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.

Lending

Banking 2020

JULY 23, 2015

Want to woo consumers? Time to fluff up the psychologist’s couch. More and more professionals in the financial industry are finding that tips and tricks from that old Psych 101 class hold true when it comes to working with consumers and customers. Think about it: Consumer behavior is a term that describes how consumers think, feel and react. Psychology is a discipline that seeks to understand behaviors.

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Survey Marketing Industry Groups 72

ABA Community Banking

JULY 24, 2015

Some risks will lie in other areas, as crooks capitalize on bankers’ distraction by new rules Risk Management Blogs UNconventional Wisdom Viewpoints Cyberfraud/ID Theft Feature Feature3.

Risk Management 72

Risk Management Fraud Capital Management 72

SWBC's LenderHub

JULY 24, 2015

Staying safe in the workplace is crucial for any company, but the word safe doesn't always have to have the same meaning. For many financial institutions, safe doesn’t mean placing a lid on your coffee so that it doesn't burn you—it can mean so much more than your typical safety measures. Investment officers always have their financial institution’s portfolios safety top of mind.

Management 60

Management Maine Capital Marketing 60

CFPB Monitor

JULY 20, 2015

Kim Phan. The law firm Covington & Burling LLP has filed a Freedom of Information Act (FOIA) lawsuit against the CFPB in Washington, D.C. federal district court seeking information relating to the CFPB’s report on, “ Consumer Voices on Credit Reports and Scores.” Covington argues that the information requested, “is necessary for the public to verify the quality of the study’s methodology.

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Washington Groups Report Data 69

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Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.

Lending

Banking 2020

JULY 21, 2015

When you open a small business it’s easy to think that you’re going to be a banking pro. You’re basically an expert at personal banking, after all, so what can be so different about small business banking? Turns out, plenty. Getting a strong grasp on your small business finances early on will make your life a lot easier in the long run. Here are the basics of small business banking: 1.

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How To Taxes Security Google 70

ABA Community Banking

JULY 24, 2015

Good experiences with Apple and HP contrast with some banks’ unhelpful desks Management Lines of Business Blogs Talking Credit.

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Meeting Apple Management 79

Javelin Strategy & Research

JULY 20, 2015

On Friday, PayPa l’s split from eBay became official and today the firm started trading on the stock market as PYPL. As of noon, PayPal was valued over $50 billion. A key reason PayPal grew to such as massive size is that consumers trust PayPal to an unmatched level. Trust is essential for conducting financial transactions and PayPal is more trusted than any other member of the “Gang of Five,” which includes Amazon, Apple, Facebook or Google.

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Branding Apple Google Mobile 55

CFPB Monitor

JULY 24, 2015

Barbara S. Mishkin. The Senate Judiciary Committee held a hearing yesterday entitled “The Administrative State v. The Constitution: Dodd-Frank at Five Years.” The hearing was focused on constitutional issues relating to the Dodd-Frank Act, including the constitutionality of the CFPB. The witnesses were: The Honorable C. Boyden Gray of Boyden Gray & Associates, PLLC: Deepak Gupta of Gupta Wessler PLLC; Professor Neomi Rao of George Mason University School of Law; Professor Adam J.

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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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