South State Correspondent

JANUARY 6, 2016

On Monday, we made the comment that when the Fed Funds rate goes up (and hence the Prime rate), loan quality usually improves during the short run. Some of you wanted to see proof of this, as the notion is counterintuitive as higher rates usually place strain on debt service coverage for floating rate loans. Today we present the empirical data as well as an explanation on how rates and credit risk is correlated.

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Data 203

Finer Points

JANUARY 6, 2016

Welcome to 2016, community bankers! We had a prolific year of advocacy in 2015, and I want to thank all of you for doing your part. ICBA is again primed and ready to hit the ground running in Washington on a number of fronts. But we can’t forget that diligence alone will not ensure another […].

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Accenture

JANUARY 8, 2016

Some big themes dominate Payments today, and each is likely to endure for many years. Sibos 2015 in Singapore brought them into sharp focus – specifically: Big Data Analytics, Cyber-security, Bank & FinTech Hubs, Cryptocurrencies/Blockchain Technology, Trade Finance and APIs. Read more.

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Big Data Analytics Cyber Security Data 155

Abrigo

JANUARY 8, 2016

Some accountants bristle at the idea of selling their services. This may be because of past experiences with stereotypically pushy salespeople or because of past experiences trying to sell that resulted in awkwardness or rejection. Or it may simply be because accountants are afraid of harming the trust that has been developed between them and their clients.

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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

Lending

South State Correspondent

JANUARY 4, 2016

The truth is that your bank should discuss balance sheet rebalancing every time credit spreads or rates are expected to materially change, any time the risk tolerance of the bank changes or at least once per year. 2016 just happens to coincide with the start of a rising interest rate cycle so now is the perfect time to have that conversation with your board and management team if you haven’t done so already.

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Management 200

Accenture

JANUARY 7, 2016

These are exciting times in the banking industry. We are seeing an acceleration of innovation on many fronts, and particularly in marketing and distribution. We saw examples of this on display at the third annual Global Distribution & Marketing Innovation. Read more.

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Abrigo

JANUARY 8, 2016

A lengthy report released recently by the U.S. General Accounting Office (GAO) highlights the challenges that regulatory changes bring to financial institutions. The GAO acknowledged that community banks, credit unions and their professional industry associations reported increased compliance burdens and reduced activity in specific business activities, such as certain mortgage lending, as a result of Dodd-Frank.

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South State Correspondent

JANUARY 7, 2016

Bankers are bombarded with views, opinions and predictions. Now that the FOMC raised interest rates by 25 basis points and has embarked on a tightening cycle, most economists, pundits and correspondent salespeople are trying to convince community bankers of their specific rate view. But bankers should be circumspect of others’ rate views and should not buy into one rate path but instead consider various possible interest rate paths.

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Community 174

Bank Innovation

JANUARY 7, 2016

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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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Accenture

JANUARY 6, 2016

In previous posts on cyber risk we’ve examined what this risk looks like today, and where it’s coming from. Today I’d like to talk about a strong approach to addressing cyber risk: cyber resilience. As noted in my first post, Read more.

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Abrigo

JANUARY 6, 2016

Glatt Consulting, a leading credit union consulting firm, publishes a proprietary Credit Union Industry HealthScore each quarter. The HealthScore, based on a 5-point scale (0 reflects poor health, 5 reflects exceptional health), calculates overall credit union health by grading them on 11 ratios, including net worth, ROAA, operating expense, efficiency, charge-offs, delinquency, deposits, loan-to-share, asset growth and membership growth.

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South State Correspondent

JANUARY 5, 2016

Yesterday, when we discussed making macro allocation decisions, we mentioned being proactive in setting risk tolerances.

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Community Bank Community 174

CFPB Monitor

JANUARY 6, 2016

Barbara S. Mishkin. The CFPB has issued its third report entitled “Report of the Consumer Financial Protection Bureau Pursuant to Section 1017(e)(4) of the Dodd-Frank Act.” That Dodd-Frank section requires the CFPB’s Director to submit an annual report to the House and Senate Committees on Appropriations “regarding the financial operating plans and forecasts of the Director, the financial condition and results of operations of the Bureau, and the sources and application of funds of the Bureau,

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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.

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Cisco

JANUARY 7, 2016

“One of these days the ground will drop out from beneath your feet One of these days your heart will stop and play its final beat One of these days the clocks will stop and time won’t mean a thing” “These Days”, Dave Grohl, Foo Fighters As we kick-off 2016, the time is now for industry decision-makers to make a profound difference in the way Insurance business is transacted.

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Industry Big Data Customer Experience Digital Strategies 69

Abrigo

JANUARY 5, 2016

Did you miss them? Read the most popular business valuation articles published by Sageworks in 2015. Visit the Valuation Blog to read the latest. Most common challenges facing business valuation professionals. The process of valuing a business combines both art and science and can be arduous. Generally speaking, a detailed, comprehensive analysis and the ability to develop accurate projections and assumptions are necessities.

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South State Correspondent

JANUARY 5, 2016

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CFPB Monitor

JANUARY 5, 2016

James Kim and Jeremy T. Rosenblum. A federal district court has refused to dismiss the lawsuit filed by the CFPB in December 2013 against CashCall, several related companies and their principal, which asserted UDAAP violations based on the defendants’ efforts to collect loans that were purportedly void in whole or in part under state law. The companies allegedly funded, purchased, serviced and collected online payday loans made by a tribally-affiliated lender the CFPB did not sue.

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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

SWBC's LenderHub

JANUARY 6, 2016

The title of this morning’s piece, “Avoid the Pain Trade” comes from the head of a trading desk I once worked on. Our global desk head offered us this sage advice right about the time all of us were in four or five different variations of the “Pain Trade.” While the advice offered little value with regard to trading or risk management, it did provide some good gallows humor, so we had that going for us.

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Risk Management US Management Marketing 60

Gonzobanker

JANUARY 4, 2016

In an industry where the top five institutions control more than half the market share, it amazes me how few of the 6,000 other banks are taking advantage of shared insights and resources to compete. There is strength in numbers, and there’s absolutely no reason for community bankers to try to compete against players a hundred times bigger on their own.

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Disruptive Finance

JANUARY 5, 2016

I wrote this article for The Market Mogul, a new platform for finance professionals. For consumers and businesses, banking hasn’t changed much for the last few decades. From current accounts to saving accounts, credit cards and mortgages, we “consume” banking in pretty much the same way our parents did. Other industries on the other hand have seen(.).

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Fintech Cards Industry Marketing 58

CFPB Monitor

JANUARY 8, 2016

Richard J. Andreano, Jr. The CFPB has issued a request for information (RFI) seeking information on what changes to the CFPB’s HMDA Resubmissions Guidelines may be appropriate. The RFI responds to comments received by the CFPB in connection with its final HMDA rule issued in October 2015 that it consider changes to the Resubmission Guidelines to reflect the expanded data to be collected under the final rule.

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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

Javelin Strategy & Research

JANUARY 7, 2016

Table of Contents 1. Summary Summary. Despite its age, the EMV payment card standard has stood the test of time due to its constant evolution. Each EMV update has resulted in greater security, yet fraudsters have remained undeterred in their efforts to find workarounds. And with the final major bastion of magnetic-stripe cards finally converting, fraudsters will be more motivated than ever to break the standard.

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Security Trends Innovation Cards 53

Jessica Ellerm

JANUARY 7, 2016

A number of well known companies, banks included, have successfully leveraged network effect strategies to create not only hugely profitable businesses but products and services that over time, continue to increase in value as the networks increase in size. Could fintech startups do the same? If they were to try and replicate the strategies of their forebears, the banks, probably not.

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blockchain Strategy US Fintech 42

Disruptive Finance

JANUARY 3, 2016

This is an article I previously wrote for Financial News. When mentoring start-ups, I sometimes hear a pitch like this: “With our revolutionary fintech service, we are looking to get 10,000 customers in the first year and need $300k of funding”. This immediately tells me I am talking to a first-time entrepreneur – or that(.).

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Fintech 47

CFPB Monitor

JANUARY 7, 2016

Barbara S. Mishkin. According to Politico, David Silberman will replace Meredith Fuchs as the CFPB’s acting Deputy Director beginning next week. Mr. Silberman has been serving as the CFPB’s Associate Director for research, markets, and regulations since 2011. The CFPB has not yet announced this appointment or the status of its search for a new Deputy Director.

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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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