South State Correspondent

MAY 11, 2015

Community banks continue to look for ways to control expenses. One effective way to minimize overhead costs is to outsource non-critical or non-differentiated tasks to third party vendors who are able to perform the function cheaper and/or faster. Banks have increased the breadth of outsourced processes and functions: everything from check processing, website management, payment solution and even some underwriting analysis and sales leads.

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Community Bank Community Analysis Management 207

Celent Banking

MAY 15, 2015

Over the last ten days I’ve spent time at two different conferences, Finovate and SAP’s SAPPHIRE NOW. Two very different conference models generated serendipity where I wouldn’t necessarily have expected it. Both shows were rife with partnership possibilities. SAP spoke continually of the partnership ecosystem, realizing that one of its values is bringing partners together, while at Finovate, the notion of small companies going direct to consumer by themselves was basically dead – they realize t

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Conference Apple Bitcoin Maine 159

Abrigo

MAY 14, 2015

With more than 142 million users per month and 77 million local reviews , you’ve likely used Yelp’s website or mobile app to source a great Italian restaurant or locate the nearest bakery when you’re craving something sweet. But the review-based community extends far beyond ravioli and cannoli. Just about any need, including accounting services, can be searched for and rated via Yelp.

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Online social media San Francisco Taxes 150

Jeff For Banks

MAY 9, 2015

"What gets measured, gets managed." Why did we need Peter Drucker to point this out? Educators are forever carping about standardized tests because they are spending a lot of time on teaching kids to improve their test scores. Baseball players are measured on batting average, on base and slugging percentages. So they are spending significant energy to improve them.

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Strategy Taxes Lending National 98

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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

MAY 11, 2015

Daniel Björkegren, an economist at Brown University in Providence, released research that shows that banks can predict how likely someone was to pay back a loan based on cell phone call metadata. After analyzing data from 3,000 borrowers from a bank in Haiti — the number of calls, the length, frequency and who was called, Björkegren found the bank can reduce consumer loan defaults by 43 percent.

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Analytics Data 199

Abrigo

MAY 13, 2015

While business owners are the captains of the ship, in many cases they operate leanly -- with a small crew or perhaps no crew at all. With more than 70 percent of all businesses in the U.S. owned by sole proprietors , a significant number of people control their professional destiny, but may not have the skills or experience to steer their ship safely.

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social media Company Video Regional 150

Jack Henry

MAY 13, 2015

Author: Jenny Roland-Vlach, JRoland-Vlach@jackhenry.com. If you find yourself in need of a stark reminder on how quickly time passes by, consider this: May marks one year since the FFIEC officially announced their focus on cybersecurity for financial institutions. Even though official guidance is still pending, the FFIEC has been using the past year to continue underscoring the importance of cybersecurity.

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Training Management Risk Management Security 91

South State Correspondent

MAY 14, 2015

In order to give you the most current perspective on our banking industry, we have compiled the latest data and have attached a complete presentation at the bottom of this blog post. The summation of the quarter while small and large banks improved slightly, the mid-level asset sized banks produced either flat or lower return on equity (ROE) ratios.

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Community Bank Community Industry Data 197

CFPB Monitor

MAY 12, 2015

Barbara S. Mishkin. In a complaint filed yesterday in a California federal court, the CFPB alleges that two related companies offering a biweekly mortgage payment program and their individual owner engaged in deceptive telemarketing acts or practices that violated the Telemarketing Sales Rule and abusive and deceptive acts or practices that violated the Consumer Financial Protection Act.

Company 89

Company Payments California Online 89

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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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Abrigo

MAY 12, 2015

Normal. 0. false. false. false. EN-US. X-NONE. X-NONE. Normal. 0. false. false. false. EN-US. X-NONE. X-NONE. One of the more challenging components of tax return analysis is analyzing global cash flow with multiple pass-through entities – especially without double-counting or leaving cash flow out. Linda Keith, president of Linda Keith CPA, recently partnered with Sageworks to lead a webinar aimed at clarifying the confusion on pass-through entities.

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Guidelines Taxes Video How To 150

Banking 2020

MAY 12, 2015

*José Resendiz originally spoke on this topic during an NCR Corporation TEDx Talk in April 2015. A blog like this may not seem like the forum to talk about undertaking an Olympic triathlon, but it actually makes perfect sense. It didn’t just make me better at my job, it taught me to approach my work in an entirely different way. Specifically, it taught me about customer empathy and experimentation as two good tools to use in innovation.

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Innovation Digital Banking Survey Exercises 81

South State Correspondent

MAY 13, 2015

Commercial real estate (CRE) lending for banks continues to be at near-record tight spreads because of the favorable economics. Property prices are up an average of 4.7% for the first quarter and are now 8.2% above their peak levels from back in 2007. At this pace, that is almost a 19% annualized rate. April’s Senior Loan Officer Opinion Survey indicates that banks continue to see stronger demand for CRE loans with 45% of them reporting easing their lending standards by tightening spreads.

Lending 177

Lending Survey Report 177

CFPB Monitor

MAY 15, 2015

Richard J. Andreano, Jr. On May 12, 2015 Senator Richard Shelby (R-AL) released a draft of a regulatory reform bill entitled the Financial Regulatory Improvement Act of 2015. The draft bill addresses various residential mortgage lending issues, a number of which are summarized below. The draft bill is scheduled for markup on May 21, 2015. TRID Safe Harbor.

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Study Policies Lending Industry 86

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Abrigo

MAY 11, 2015

Commercial lenders could continue to see elevated demand for agricultural loans – particularly for short-term financing to cover operating expenses -- thanks to tight profit margins for many producers. “Loan volumes for almost all farming purposes rose at commercial banks, as many producers contended with tighter profit margins” during the first quarter, said a recent report from the Federal Reserve Bank of Kansas City.

Kansas City 150

Kansas City Lending Kansas Operations 150

Jack Henry

MAY 11, 2015

Back in November, Jack Henry & Associates and Microsoft announced the introduction of the innovative new Branch Anywhere application for Microsoft Windows and Surface Pro 3. The Branch Anywhere app allows banks to centrally manage all aspects of customer info and allows bank employees to become mobile branch managers who can better meet their clients by safely and securely accessing important customer and account information from any location.

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Mobile Meeting Innovation Management 81

South State Correspondent

MAY 13, 2015

Commercial real estate (CRE) lending for banks continues to be at near-record tight spreads because of the favorable economics. Property prices are up an average of 4.7% for the first quarter and are now 8.2% above their peak levels from back in 2007. At this pace, that is almost a 19% annualized rate. April’s Senior Loan Officer Opinion Survey indicates that banks continue to see stronger demand for CRE loans with 45% of them reporting easing their lending standards by tightening spreads.

Lending 163

Lending Survey Report 163

CFPB Monitor

MAY 11, 2015

Barbara S. Mishkin. On March 14, 2015, the House Financial Services Committee’s Subcommittee on Housing and Insurance will hold a hearing on “TILA-RESPA Integrated Disclosure: Examining the Costs and Benefits of Changes to the Real Estate Settlement Process.” While the witnesses have not yet been announced, it is likely that the hearing will feature a renewed call from subcommittee members for the CFPB to provide a grace period from enforcement of the TILA-RESPA integrated disc

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Industry Operations 85

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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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Matt Wilcox Pro

MAY 13, 2015

ONE DAY IN 1995, McArthur Wheeler took it upon himself to rob two Pittsburg banks. When policed arrested him a few hours later, he was astonished to learn that they had identified him from surveillance videos. You see, he taken the precaution of painting his face with lemon juice. Doubtless the science behind Wheeler’s reasoning [.

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Marketing Video 65

ABA Community Banking

MAY 11, 2015

Need for a true "culture of compliance" greater than ever Compliance Blogs AML & Fraud BSA/AML Compliance Management.

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Compliance Fraud Management 75

South State Correspondent

MAY 14, 2015

Report 150

Report 150

CFPB Monitor

MAY 12, 2015

Barbara S. Mishkin. In a new compliance bulletin ( Bulletin 2015-02 ), the CFPB “reminds” creditors of their obligation not to discriminate against applicants because their income includes vouchers from the Section 8 Housing Choice Voucher (HCV) Homeownership program. The CFPB states in the bulletin that it “has become aware of one or more institutions excluding or refusing to consider income derived from the Section 8 HCV Homeownership Program during mortgage loan application

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Compliance Regulation Policies Training 83

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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.

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Banking 2020

MAY 14, 2015

With huge budgets, it’s time for financial services CIOs to start running their IT department like a Fortune 500 CEO, relentlessly identifying and eliminating money pits. Consider the names of some of America’s most recognizable organizations. According to the Fortune 500 ranking, Hershey has revenues of more than $7 billion, Motorola takes in $8.7 billion, and popular toymaker Mattel is credited with almost $6.5 billion in revenue.

Cyber Security 53

Cyber Security Software Study Industry 53

ABA Community Banking

MAY 14, 2015

SNL Report: Could Florida community banks be on the verge of significant loan growth? Management Financial Trends Community Banking.

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Florida Community Bank Community Trends 59

Your Full Potential

MAY 11, 2015

A recent study estimated that 32 BILLION dollars is wasted globally because of unproductive meetings. I’ve never been a big fan of meetings. Let me clarify that – I don’t like having meetings or attending meetings just to “meet.” I also don’t like meetings that do not have an agenda, a start time, and an end time. Think about it – have you ever walked out of a meeting thinking, “what was the point of that?

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Meeting Management Study Course 34

CFPB Monitor

MAY 14, 2015

Barbara S. Mishkin. In March 2015, the CFPB issued a request for information on 12 topics relating to the credit card market. The request set a due date of. May 18, 2015 for comments. In a notice published in yesterday’s Federal Register, the CFPB has extended the comment period for four of the topics until. June 17, 2015. The four topics are online disclosures, grace periods, add-on products, and debt collection.

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Cards Policies Online Marketing 83

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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