South State Correspondent
DECEMBER 11, 2014
'It is hard to tickle the cockles of a banker’s heart with a holiday gift mostly because most bankers don’t know where the cockles of their heart are. Contrary to what the press might have everyone believe, we do have them and the reality is they are outsized. Banker’s, as a generalization, are among the nicest, most caring, patriotic and honest as you will find in any industry.
Abrigo
DECEMBER 12, 2014
'Do you recall your first few years post-grad? You may yearn for fewer responsibilities (and wrinkles) and more “free” time of ages 22 through your mid to late 20s, or you may remember it less fondly in a small apartment with many roommates and less in the bank. No matter if that time in your life skews positively or otherwise, your career was in a very different place than it is now.
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Finer Points
DECEMBER 11, 2014
'Reasonable people can disagree. I’ve always firmly believed that individuals can look at the same set of facts and come to differing conclusions without necessarily holding any lingering animosity or disrespect. So when ICBA announced its strong concerns with the nomination of Antonio Weiss for a leading role at the Treasury Department, we did so […].
Celent Banking
DECEMBER 11, 2014
'This is the time of the year when we begin to cast our eye back to 2014 as well as forward to 2015, and reflect on the top trends we are seeing in the market. One of the constants over the last few years in our annual Top Trends in Retail Payments report (coming up again in January 2015) has been our commentary on the ups and (mostly) downs of NFC and contactless payments.
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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
South State Correspondent
DECEMBER 9, 2014
'2015 is poised to be a critical time for banks. Changing interest rates, credit spreads and industry economics add up to an environment where boards can really make a difference in a bank’s future. Here are five areas that are often overlooked, but are conversations critical to have in the name of good corporate governance: .
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Gonzobanker
DECEMBER 8, 2014
'Yet here we are, months past the April 8, 2014, deadline and you still have a whopping 24% market share. Why does everyone love you and cling to you when there is much better software out there? Why has Microsoft forsaken you? Like most things, there are many reasons for all of these factors. No one simple answer encases all the complications associated with Windows XP migration issues.
Celent Banking
DECEMBER 7, 2014
'I’ve just returned from my last conference of the year, the excellent and intimate NetFinance Interactive held in rainy (sic) San Diego. I’ve been talking about the importance of emotions, feelings and the ineffable in banking for the last two years, and this conference was the first time that this theme has been widespread among presenters and in conversation.
South State Correspondent
DECEMBER 8, 2014
'It is an age old tradition in banking that management firsts asks the business lines for their budgets and then takes those budgetary estimates and turns them into revenue and/or profit targets for the sake of compensation. While having sales goals is better than not having goals, basing the goals off budget hurts the budgetary process and results in sub-optimal sales incentive response to drive behavior.
Abrigo
DECEMBER 11, 2014
'In September, the Office of the Comptroller of the Currency (OCC) published final guidelines designed to “strengthen the governance and risk management practices of large financial institutions.” The guidelines apply to institutions with more than $50 billion in assets, and the effective date of the guidance varies by asset size. For institutions over $750 billion, this guidance is effective immediately upon the Nov. 10, 2014 effective date.
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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
CFPB Monitor
DECEMBER 11, 2014
'Barbara S. Mishkin Last week, the CFPB published a Federal Register notice stating that it was developing a form to allow companies to “proactively participate” in its online company portal for viewing and responding to consumer complaints. Although the CFPB’s proposed form, the “Company Portal Boarding Form,” was not available when the notice was published, the proposed form as submitted by the CFPB to the Office of Management and Budget can now be viewed.
ABA Community Banking
DECEMBER 11, 2014
'Book Review: Handbook suits both Digital Aliens and Digital Natives Management Lines of Business Technology Core Systems Vendor Management Blogs Books for Bankers.
South State Correspondent
DECEMBER 10, 2014
'We recently visited Australia in order to experience the culture, domestic beers and visit bank branches (and not necessarily in that order). On the 15-hour plane ride to Sydney we had the luxury of catching up on movies one of which was “American Hustle.
Abrigo
DECEMBER 10, 2014
'If you intended to start a new health regimen after the first of the year, you would start planning for the change, right? Maybe you’d research gym memberships or look into the cost of joining a programmed diet. Perhaps you’d start reading motivational articles to psych yourself up for the new commitment. At a minimum, you’d stock your pantry with healthy food choices or begin making a list for the grocery store.
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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
CFPB Monitor
DECEMBER 11, 2014
'Barbara S. Mishkin In conjunction with its field hearing today on medical debt collection, the CFPB released a study that “describes characteristics of the medical and non-medical collections tradelines on consumers’ credit reports and the processes by which they appear and disappear.” However, what deserves to be the headline grabber is the CFPB’s accompanying announcement that “the major consumer reporting agencies will be required to provide regular accuracy re
Jack Henry
DECEMBER 10, 2014
'Author: Allen Eaves, Jr., allen@gladtech.net. The holidays are here and with all the cheer and bustle of the season’s festivities comes an ugly annual uptick in fraud instances. Often the scurry to find the best gifts at the best deals creates the perfect environment for the cyber equivalent of the Grinch to do his worst.
Matt Wilcox Pro
DECEMBER 12, 2014
'Email Marketing Lessons from the Direct Mail Dark Ages Part 2: The Good From the moment the U.S. Constitution gave Congress the power to establish post offices, marketers went to work learning how to make direct mail pay. Over time, direct mail marketers began noting techniques that seemed to work most often and on a [.
Abrigo
DECEMBER 9, 2014
'Community banks are expanding their loan portfolios to include more small business loans, according to the most recent Community Bank Performance report by the FDIC. Loans across categories increased, with commercial and industrial loans growing at the fastest rate, roughly 5.3 percent over the 3rd quarter of 2013. These expansions can come with growing pains, including identifying new customers to whom the bank can make loans, creating more rigorous and objective credit analysis policies and t
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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.
CFPB Monitor
DECEMBER 12, 2014
'Barbara S. Mishkin On December 11, the CFPB announced lawsuits against two student loan debt relief companies alleged to have deceived borrowers into paying upfront fees for federal student loan repayment benefits that are available for free. The action against College Education Services LLC and its individual owners, which was filed jointly by the CFPB and the Florida Attorney General in a Florida federal district court, alleged that the company violated the Telemarketing Sales Rule (TSR), the
Javelin Strategy & Research
DECEMBER 9, 2014
'The Target data breach is just one in an unending series of privacy exposures that create anger, disbelief and fear. Yet just as sure as it was not the first, it won’t be the last and trying to hold back unauthorized access to private data is akin to trying to hold back the sea. Yes we need better data security, and industry initiatives like PCI are vital to doing so, but with increased automation more individuals, applications and connected devices will create more access requirements, i
Tomorrow's Transactions
DECEMBER 12, 2014
'How are a we doing on the road to digital money? Here’s a round the world, whistlestop tour of some countries who seem to be pulling ahead of the pack in the race to a fairer and more efficient economy. Someone sent me a link to an article about world cashlessness on CNBC. It uses the results of MasterCard report to make a top 10 list of countries heading towards cashless economies.
Abrigo
DECEMBER 8, 2014
'After developing an MBL strategy, the next step is to define lending policies to ensure the success of the strategy. This will help to satisfy regulatory requirements and alleviate unnecessary pressure on employees by reducing subjectivity in the loan decisioning process. When developing institution-specific policies, be sure to pay careful attention to the following policy areas: • Cash flow analysis.
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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.
CFPB Monitor
DECEMBER 10, 2014
'Barbara S. Mishkin In his remarks last week at the Columbus Metropolitan Library, Director Cordray spoke about the partnerships that the CFPB is building with public libraries around the country to promote accessible financial education information for consumers. Director Cordray noted that the Columbus Metropolitan Library system was one of the first nine public libraries from across the country that joined the CFPB’s national pilot project.
ABA Community Banking
DECEMBER 7, 2014
'App-only banks remain on the cusp—for now Retail Banking Blogs Making Sense of it All Channels.
Tomorrow's Transactions
DECEMBER 10, 2014
'I don’t know whether we need a real names system but we do need a real reputation system. Maybe this is where banks can find a role in the new economy. The kind people at Barclays invited me along to their “Distributed Banking” workshop to explore some new possibilities around the blockchain, cryptocurrency, digital identity, cloud computing and such like.
Javelin Strategy & Research
DECEMBER 9, 2014
It has been a newsworthy month in the world of bill payment startups. In a matter of weeks, Zumbox and Manilla announced they would close, and Intuit reportedly is in talks to plunk down $350 million to buy Check, arguably the best personal finance app in the market today. Check serves as an example to financial institutions that the new definition of “PFM” centers on mobile apps that enable on-the-go consumers to tackle on-the-go financial decisions more smartly.
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