South State Correspondent
DECEMBER 4, 2014
'If you are looking for a new product to offer to generate fees, deposits and new customers, you should be the bank in your area that carries the SmartBiz SBA application. SmartBiz is a complete SBA loan web application that banks can co-brand or private label to allow small business customers the ability to apply for, and close, SBA 7(a) loans under the Small Loan Advantage Program.
Abrigo
NOVEMBER 29, 2014
'It’s high time for a foundational shift in the resources bankers use to calculate the ALLL. Years ago, using spreadsheets was by far and away the best option – primarily because it was the only option. To those in the early 20th century, the typewriter was the most efficient way to write letters and the Model T was the latest and greatest in transportation.
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Celent Banking
DECEMBER 1, 2014
'The rumors have been swirling for some time now that Moven was going to sign up a Canadian bank. This was announced today and I read about it in The Globe and Mail. Curiously, the article is titled, “ TD Bank helps its customers pinch pennies with new app.” What does this mean exactly for Moven and TD? Is TD going to start a digital only bank/account or are they merely going to add PFM capabilities?
SWBC's LenderHub
DECEMBER 4, 2014
'When coaching our financial institution clients on how to sell SWBC’s products (like GAP, MMP, credit life insurance, etc.), our training team encourages participants to provide ongoing feedback. We want to know if the tactics and messaging we taught them worked in a real-life sales situation—and, more importantly, we want to know if they didn’t work.
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.
South State Correspondent
DECEMBER 3, 2014
'Bank marketing used to consist of some in-branch brochures, print ads and a couple events per year. Now, it is about social media, shared experiences and interactive digital engagement. Given the increase in earnings at banks and the pent up capital expenditure demand at many businesses, banks are primed to boost their marketing efforts like never before. 2015 is the year the banks get savvy about their use of mobile channels, content marketing and personalization.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Celent Banking
DECEMBER 2, 2014
'Celent recently released two reports looking at the state of banks and credit unions: And Then There Were None: The Disappearance of Community Banks and Catch CU: The Ongoing Evolution of the Credit Union Market. The analysis within each report shows a clear trend towards industry consolidation. The number of commercial banks in the US is declining rapidly, from 11,462 at the end of 1992 to 5,809 in 2014, while credit unions in the US went from 10,316 in 2000 to 6,491 in 2014.
CFPB Monitor
DECEMBER 1, 2014
'Barbara S. Mishkin The CFPB has announced that it plans to host its first “Research on Consumer Finance” conference in Washington, D.C. on May 7-8, 2015. The announcement includes a call for research papers to be submitted by January 16, 2015. The CFPB seeks complete papers or detailed abstracts that include preliminary results dealing with “the ways consumers and households make decisions about borrowing, saving, and financial risk-taking; how various forms of credit (mortga
South State Correspondent
DECEMBER 2, 2014
'Like Degas obsessed with dancers, bankers have been brought up to obsess over the composition of their loan portfolio. Egged on by our examiners, auditors and random pundits, we slice and dice our loan portfolios as if it means something and pat ourselves on the back when we can show a nice pie chart with lots of even looking slices. The reality is many of our sectors move together and offer little in the way of diversification.
Abrigo
DECEMBER 2, 2014
'To provide a report card on industry status and performance, the FDIC publishes a Quarterly Banking Profile. Results from the third quarter were just released, and while overall results were positive, community banks in particular excelled. They performed better than a year ago and also outperformed the industry as a whole. In short, they had stronger loan growth and higher net interest margins compared to the entire industry.
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Gonzobanker
DECEMBER 2, 2014
'It’s been a good three weeks since the new iPhone 6 arrived in the mail. It was a bittersweet moment as I had regretfully given up my iPhone 4S, primarily out of the geeky obsession that it was rumored to be the last product in which Steve Jobs was able to oversee development from start to finish. True or not, it led me to keep that phone much longer than my Samsung-loving family could bear.
CFPB Monitor
DECEMBER 1, 2014
'John L. Culhane, Jr. The CFPB has announced that it will hold a field hearing on medical debt collection in Oklahoma City, OK on December 11. The hearing will include remarks from Director Cordray and testimony from consumer groups, industry representatives, and members of the public. The CFPB has previously flagged medical debt collection as an area of concern.
South State Correspondent
DECEMBER 1, 2014
'Call it a social media fail, but late last Friday we posted this picture of an office Halloween costume that made us laugh given the cinnamon rolls in her hair. We thought she totally nailed the costume and used the heading “Nailed Princess Leia.” Unfortunately, we had a technical malfunction and the application that we use to manage social media failed to post the picture.
Abrigo
DECEMBER 1, 2014
'Credit unions have seen an unprecedented uptick in business-related loans in recent years, according to the Credit Union National Association’s (CUNA) U.S. Credit Union Profile. From June 2007 to December 2012, MBL volume increased 66 percent, growing from $26.04 billion to $43.16 billion. As many credit unions are just beginning to develop or expand member business lending (MBL) programs, it is important develop or tighten a sound MBL strategy to ensure long-term success in managing risk
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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
DECEMBER 3, 2014
'Author: Brian Sneed, bsneed@profitstars.com. I saw a news story the other day about the amount of money we spend during the holiday season. Everyone is out buying presents for loved ones. The story reminded me how important it is to protect yourself against fraud while holiday shopping. But it also made me think - what about data security at your work place?
ABA Community Banking
DECEMBER 2, 2014
'Don’t fight the last war. Booz Allen says third-party, wireless, alternative payments risks all to expand Technology Risk Management Cyberfraud/ID Theft.
Matt Wilcox Pro
DECEMBER 1, 2014
'Email Marketing Lessons from the Direct Mail Dark Ages Part 1: The Bad We who do email marketing are heirs of an earlier profession known as “direct mail.” It is still practiced, profitably I might add, by holdouts. Perhaps you know some. Or perhaps you read about direct mail in a marketing history book. Though [.
Abrigo
DECEMBER 5, 2014
'Whether your accounting firm is small, medium or large, one of the biggest issues you’re facing is attracting and retaining clients. Survey after survey, including a recent one by Accounting Today , finds this to be among the top issues keeping accountants awake at night. But most accountants know that it’s not just the number of clients you attract or retain that’s important to the practice; it’s also what kind of clients they are.
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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 4, 2014
'Barbara S. Mishkin The CFPB has published a notice in today’s Federal Register stating that the CFPB is developing a form to allow companies to “proactively participate” in its online company portal for viewing and responding to consumer complaints. According to the notice, the CFPB’s proposed form, the “Company Portal Boarding Form,” will “serve to streamline information collection” from companies seeking to register to use the company portal an
ABA Community Banking
DECEMBER 5, 2014
'Today’s consumer wants worlds to blend on handhelds Retail Banking Blogs Social Media Channels.
Banking 2020
DECEMBER 4, 2014
'We’ve come a long way from Nigerian chain letters. Those with a memory for the unintentionally hilarious can well remember those gems. They typically involved a wealthy individual who needed help moving millions around, and was willing to pay out huge sums of money in return for any assistance. As social engineering it was crude in the extreme, preying on the weaknesses of individuals lured by the prospect of a quick buck (or millions of bucks).
Tomorrow's Transactions
DECEMBER 3, 2014
'What’s the big picture around banking, payments and innovation? Maybe the new paradigm will be the bank as facilitator of innovation rather than innovator. Maybe we want banks to be boring and efficient. In the opening talk at this year’s NetFinance Interactive , Vince Hruska of City National Bank made the very good point that innovation in banking is harder (for a variety of reasons) than innovation in a whole range of other areas and focused on mobile as an area where you see innovation
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CFPB Monitor
DECEMBER 5, 2014
'Alan S. Kaplinsky “There’s blogging, and then there’s blogging well. And really, an argument can be made that anything but the latter really isn’t blogging at all.”. So begins Above the Law ’s commentary on Law Blogs and I’m happy to report that our CFPB Monitor fared exceptionally well. We started the blog in 2011 to coincide with the creation of the Bureau and President Obama’s nomination of Richard Cordray to lead it.
ABA Community Banking
DECEMBER 5, 2014
'In business banking, community bankers can’t be replaced by smartphones Lines of Business Risk Management Blogs Talking Credit Credit Risk Community Banking.
Banking 2020
DECEMBER 1, 2014
'Consider the difference between 2:29 minutes and 1:20 minutes: It’s not very long, just a little bit more than the time it takes to read a blog post like this. Yet in that short span we can find a perfect snapshot of modern-day banking. According to data recently released by mobile banking app developer Malauzai Software, that first figure of 2:29 minutes is how long an average mobile session lasted with a business banking user; the second refers to the average consumer transaction.
Tomorrow's Transactions
DECEMBER 2, 2014
'As Oscar Wilde said, “When bankers get together they talk about art. When artists get together, they talk about money.”. As many of you will know, it has become a tradition to judge the Future of Money Design Competition at Consult Hyperion’s annual Tomorrow’s Transactions Forum in London in the Spring, recognising the role that art plays in helping us to understand what fintech might do and what transactions might become, beyond the limited imaginations of us in the industry.
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