Abrigo
OCTOBER 25, 2014
'Singer-songwriter Joni Mitchell was referring to environmental impacts when she sang, “Don’t it always seem to go/That you don’t know what you’ve got/Till it’s gone” in "Big Yellow Taxi." But chances are, many accountants have the same thought after a client leaves the practice – especially someone who was with the firm for several years.
South State Correspondent
OCTOBER 28, 2014
'Last week the boys and girls at the Joint Regulators (The FFIEC, plus SEC, HUD and others) rolled out the final rule (Final Rule) set (found HERE ) that structures risk retention under Section 941 of the Dodd-Frank Act for bank assets destined for securitizations.
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Celent Banking
OCTOBER 30, 2014
'The game is afoot! The announcement from The Clearing House regarding real-time payments last week came as no surprise – indeed, it felt inevitable. The Federal Reserves’ significant work around the topic, and their clear determination that it would happen, seems a clear indication that they wouldn’t rest until it was delivered. The question then is how will it be delivered.
Independent Banker
OCTOBER 29, 2014
'Josh Guttau believes that the long-term competitiveness of community banks will heavily depend on their having great analytical skills and technology. Josh Guttau in Iowa on making decisions with data. Josh Guttau. CEO and Chief Financial Officer. of the $290 Million-Asset. TS Banking Group in Treynor, Iowa. IB: What single word best describes the current community banking industry?
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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.
Abrigo
OCTOBER 27, 2014
'With the fourth quarter of 2014 well underway, both banks and credit unions are in the midst of reporting their results from the previous three months. While Q3 reports will trickle in over the coming days to meet the end of October deadline, a crucial piece of the puzzle the financial community and economists will be looking at is loan growth rates.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Celent Banking
OCTOBER 27, 2014
'Corporate mobile has been a popular topic for a number of years now. While many banks have launched solutions, corporate adoption has stagnated. 66% of respondents to a Capital One survey indicated. “security challenges with sensitive corporate data” as their number one barrier to adoption. There are other reasons for slow adoption of corporate mobile, but this one is quite interesting and can be challenging to overcome.
Independent Banker
OCTOBER 29, 2014
'Out of Mom and Dad’s basement, millennials are primed to become your next best customers. By Ed Avis. Meet Jack Bauhs, your next customer. He’s a high school senior who lives in suburban Chicago. He is aware of the value of shopping local, he carries $10 or $15 in his pocket, and he knows that he has a lot to learn about financial things. And technology is important to him.
Abrigo
OCTOBER 28, 2014
'Have you ever wondered why your accounting firm lost out on a recent engagement? Do you get frustrated when clients show little interest in utilizing the firm’s additional services that are offered? A lot of accountants may assume that they lost a potential client because another firm presented a lower estimate. Or it may seem as though a client is too stubborn to consider thoughtfully the benefits of receiving strategic advice or financial planning assistance.
South State Correspondent
OCTOBER 29, 2014
'About 70% of all men have worried about genetically programmed hair loss since the days of Julius Caesar (who incidentally had a serious comb over). As a man ages, somewhere around his early twenties, hair loss takes place and no amount of Rogain, head massages, Cayenne pepper rub or goose dropping treatment can replace it. Similar to Male Pattern Baldness, some banks are genetically programmed to lose younger customers.
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Celent Banking
OCTOBER 29, 2014
'I’ve just returned from a two-week swing through Asia, with stops and roundtables in Tokyo, Singapore, Melbourne and Sydney. Along with my colleague Neil Katkov I was fortunate to meet a large number of clients and market participants, both banks and their ecosystem partners, in a series of more than two dozen meetings. In each country Celent hosted a half-day session on digital innovation.
Independent Banker
OCTOBER 29, 2014
'Finding the right place, at the right pace in a volatile and uncertain mobile marketplace. By Collin Canright. It’s become a familiar story, usually with a new splash. Large banks and nonbanks, merchants and technology companies are pressing to solidify their inroads into the financial transaction business. Research and everyday observation show how consumers are increasingly using mobile technologies.
Abrigo
OCTOBER 29, 2014
'Multifamily, commercial and automotive loans are driving loan growth among banks in the Northeast, but increasing risk will draw fresh attention from regulators to ensure recent and future growth is sound, the Office of the Comptroller of the Currency said recently. The OCC on Oct. 28 released a report detailing substantially improving conditions among OCC-regulated banks in its Northeastern District, defined as Connecticut, Delaware, the District of Columbia, eastern Kentucky, Maine, Maryland,
South State Correspondent
OCTOBER 29, 2014
'Banking is competitive. Luckily, community banks have a number of competitive advantages over national banks. However, if you ask the average banker, it doesn’t feel that way, particularly when it comes to loan pricing and community banks are forced to compete against 10-year, 3.90% fixed rate loans. Then again, many community bankers state that they cannot compete against the national banks because of higher cost of funding.
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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
Jack Henry
OCTOBER 29, 2014
'Author: Jason Schwabline, JSchwabline@jackhenry.com. Like looking for Waldo in a crowded scene, everyone in the financial industry is searching for the ultimate branch of the future. But are we looking too close to ourselves? Hoping that it miraculously appears right in front of us? Well I am not a psychic, but I have seen the branch of the future.
Independent Banker
OCTOBER 29, 2014
'First Lieutenant Jeff Sabatke (back row, third from left) and the 3rd Platoon “Punishers” with A Company 20135 at Camp Adder in Iraq in 2011. Taking care of soldiers in Iraq before serving customers back home in Minnesota. By Jeff Sabatke. I was one of the last thousand troops out of Iraq, and this is my story as a U.S. Army Infantry Platoon leader who became a community banking manager.
Abrigo
OCTOBER 30, 2014
'1. Be eerily similar to your competitors. Many accountants will come to the spooky realization that firms who compete in the same market will likely have the same basic offerings, mostly because accounting services are pretty standard across the board. And while your firm’s qualifications and experience may be fantastic, the truth is, it’s unlikely your prospects and customers can see much difference between yours and those of top competitors.
Gonzobanker
OCTOBER 30, 2014
'“After finding no qualified candidates for the position of principal, the school board is extremely pleased to announce the appointment of [David S.] to the post.” - Actual announcement sent to parents. Last week, I had the pleasure of spending two days with a group of nine HR managers at a GonzoBanker Roundtable discussing their successes, challenges and issues.
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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
OCTOBER 30, 2014
'Alan S. Kaplinsky I am pleased to introduce my new colleague Bo Ranney to our blog readers. Bo joins Ballard Spahr’s Consumer Financial Services Group after having spent three years at the CFPB. I expect Bo to be a valuable resource to our clients, particularly in preparing for CFPB exams and in dealing with CFPB examiners during the course of an ongoing exam.
Independent Banker
OCTOBER 29, 2014
'Thinking ‘mobile’ for customer emails will ensure the message gets through. By Elizabeth Judd. Roughly half of all emails sent to consumers are now being opened on a mobile device, according to projections by Knotice Inc., an advanced data management company in Akron, Ohio, that periodically studies how companies’ emails are read. Patti Renner, Knotice’s director of marketing, points out that this news should concern any community bank that is not sending out mobile optimized emails, or emails
Abrigo
OCTOBER 31, 2014
'The majority of professionals love technology. It makes not only your personal life easier, but running your small business or CPA firm, too. But when is too much technology just too much? Sageworks asked Don West, a member of the AICPA''s Information Management and Technology Assurance Section''s CITP Credential Committee the best ways to protect one''s self and business online. --.
Banking 2020
OCTOBER 30, 2014
'Financial institutions are always looking for new ways to attract customers and give the best look and feel to their brand. For our most recent FI Highlight, we spoke with Dianne Larsen, senior vice president, director of marketing, Banner Bank. Dianne shared insight on Banner Bank’s recently redesigned website and new marketing initiatives to further their approach as a “ super community bank.”.
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.
CFPB Monitor
OCTOBER 27, 2014
'Richard J. Andreano, Jr. The CFPB has posted its 2015 final lists of Rural and Rural or Underserved Counties on its website. The CFPB has previously posted lists of such counties for calendar years 2011-2014. The lists are relevant to exemptions in several CFPB mortgage rules, including the CFPB’s rule requiring creditors to establish escrow accounts for certain first-lien higher-priced mortgage loans.
Independent Banker
OCTOBER 28, 2014
'Gathering and reporting bankwide data is becoming a competitive norm. By Karen Epper Hoffman. In a world where information can be the most valuable currency, community banks are gathering more of their internal data. They have lots of options. According to Mark Dittman, CEO of IBT Inc., a bank software provider in Cedar Park, Texas, most community banks gather data well for reporting purposes.
Banking 2020
OCTOBER 28, 2014
'Google isn’t just a verb—it’s become a fundamental part of the daily experience by serving as an entry point into where we go and what we do, everywhere and all time. In the most basic sense, Google searches offer a peek into the zeitgeist. That’s why the annual study tracking Google search trends in the banking industry, as seen in the Financial Brand , typically makes for interesting reading.
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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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