Abrigo

OCTOBER 9, 2014

'This article is the second in a two-part series on top concerns and growth strategies of community banks. Part I focused on bankers’ greatest concerns, while this section will focus on growth strategies. Everyone in the banking industry seems to be asking the same question these days: How can we facilitate growth? We can find answers in the August Bank Director’s 2014 Growth Strategy Survey , which asked executives from banks of all sizes across the United States about their growth

Community Bank 237

Community Bank Strategy Community Survey 237

South State Correspondent

OCTOBER 6, 2014

'Football coaches, like bankers, often ignore the data. Take 4 th down conversions for example. We see this week after week where college and NFL coaches punt or kick a field goal where statistics indicate that they should go for it. Look at the chart below and you can see that coaches normally don’t go for a 4 th down conversion (by a factor of more than 5) unless they are put in a situation where they have to, usually in the 4 th quarter.

Examples 223

Examples Data 223

Finer Points

OCTOBER 6, 2014

'A new report exposing the New York Fed’s coddling of Wall Street megabanks—particularly Goldman Sachs—is making waves in Washington. And why shouldn’t it? The ProPublica report exposes the New York Fed’s culture of deference to the megabanks it is charged with regulating as well as its marginalization of the few examiners who have spoken out. […].

Community Bank 192

Community Bank Community New York Washington 192

Celent Banking

OCTOBER 6, 2014

'We usually talk about how hard it is for the financial industry to innovate at the right pace, and doing the right bets. In my opinion Latin America lags a little bit behind, in part for not having anything similar to the US’ Silicon Valley. We see though, increasing efforts to generate the environment and providing places for the ecosystem to mingle.

Conference 176

Conference America Innovation Industry 176

Advertisement

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

Abrigo

OCTOBER 7, 2014

'In a recent survey conducted in partnership by the Federal Reserve and the Conference of State Bank Supervisors ( CSBS ), over 1,000 community bankers weighed in on a range of hot button issues facing their organizations in 2014. Among the topics in discussion was the continued upward trend in merger and acquisition (M&A) activity and further consolidation of the bank market as a whole.

Trends 232

Trends Capital Community Industry 232

CFPB Monitor

OCTOBER 10, 2014

'Kim Phan The CFPB and the FTC have announced that the agencies will host a joint roundtable entitled, “Debt Collection and the Latino Community,” on October 23, 2014. The roundtable will examine how debt collection and credit reporting issues affect Latino consumers, especially those who have limited English proficiency (LEP). Consumer advocates, industry representatives, state and federal regulators, and academics have been invited to exchange information on a range of issues.

Community 123

Community Report Regulation Strategy 123

Celent Banking

OCTOBER 9, 2014

'I was able to attend Oracle’s Open World at the end of September, and although it conflicted with Sibos, it was an extravaganza. While there I sat down with some of the folks involved with core systems; they outlined the interesting way they’re thinking about progressive transformation (briefly, how to migrate core systems gradually; the opposite of a “big bang” approach).

Cleveland 165

Cleveland Course Lending System 165

Abrigo

OCTOBER 8, 2014

'This article is the first in a two-part series on top concerns and growth strategies of community banks. Regulatory compliance. Loan growth. Risk management. These are all phrases that resonate with community bankers. Data from Bank Director’s 2014 Growth Strategy Survey in August confirms that these are bankers’ greatest concerns. Source: 2014 Growth Strategy Survey.

Community Bank 192

Community Bank Community Strategy Risk Management 192

South State Correspondent

OCTOBER 9, 2014

'In the movie Forrest Gump, Bubba talks about 21 kinds of shrimp preparations, but only lists a couple (our preference is the shrimp gumbo). In the 1975 Paul Simon hit, the singer claims that there are 50 ways to leave your lover, but only list five.

207

207

Advertisement

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

Report

CFPB Monitor

OCTOBER 7, 2014

'Marc Patterson On October 1, 2014, the CFPB staff and Federal Reserve Board co-hosted a webinar that addressed questions about the Final TILA-RESPA Integrated Disclosure Rule that will be effective for applications received by creditors or mortgage brokers on or after August 1, 2015. The webinar focused on the Loan Estimate and addressed specific questions regarding the content of the Loan Estimate form that relate to corresponding provisions of the Closing Disclosure.

Taxes 114

Taxes Payments Industry Compliance 114

Celent Banking

OCTOBER 8, 2014

'Clients following our payments research will know of our interest in Zapp. Zapp is a new UK payment method that utilises the Faster Payments scheme. Zapp is a way for the merchant to create a Faster Payment in the consumers device (mobile/tablet/laptop) using a wide variety of methods (bar code, SMS, QR code, etc). This provides all the relevant data – value, account details, etc.

Retail 163

Retail Payments Cards Examples 163

Abrigo

OCTOBER 7, 2014

'Baby boomers have been driving and are expected to continue to drive an increase in the sale of businesses in the next decade, given their influential ownership of private companies. In fact, a survey of deal advisors earlier this year by Pepperdine Private Capital Markets Project , the International Business Brokers Association and M&A Source, found that baby boomers made up 65 percent of new clients trying to sell and 41 percent of client buyers.

Hawaii 171

Hawaii Training Compliance Guidelines 171

South State Correspondent

OCTOBER 8, 2014

'Many banks have their certificates of deposits modeled on their asset-liability systems without optionality. That is, they treat the final maturity as gospel with little weight given towards repayment. This could be a mistake, as just assuming the forward curve is accurate, CD’s are set to exhibit about a 20% shorter duration than modeled.

System 207

System 207

Advertisement

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.

US

SWBC's LenderHub

OCTOBER 8, 2014

'If you have a rock star team of loan officers, and I’m sure you do, chances are they are offering Guaranteed Asset Protection (GAP) to each one of your auto loan borrowers. There’s no question to either financial institutions or borrowers, that due to many of its benefits, GAP is a necessary auto loan protection product that should be purchased whenever a customer finances a new car, truck, or SUV with you.

Lending 107

Lending 107

Jeff For Banks

OCTOBER 4, 2014

'So said John Authers in a recent Financial Times article. And I believe him. Bankers have been killing banks for decades. We do it by dismissing change. We do it by implementing "me too" or business as usual strategies in a changing world. We do it by accepting mediocrity. We do it by relying on the payments system or the difficulty in switching banks to retain customers.

Technology 107

Technology Cyber Security FDIC Strategy 107

Abrigo

OCTOBER 10, 2014

'During last month’s webinar, How to Create and Implement a Marketing Plan in Your firm , speaker Bonnie Buol Ruszczyk, President of bbr marketing, discussed a number of tactics accountants can use to establish a marketing strategy for their firm. Bonnie shared how having a plan in place allows accountants to set benchmarks to review the success of their marketing efforts.

Marketing Strategies 170

Marketing Strategies Strategy Marketing How To 170

Gonzobanker

OCTOBER 6, 2014

'High performing mid-size banks are spending double what their low performing peers are spending on data communications circuits. That’s right, twice as much. And if that news isn’t mind-blowing enough, get a load of this: they’ve been doing it for years, according to The Cornerstone Performance Report. Gonzobankers, what would make one institution pay twice as much as another for data lines?

Branch Strategies 100

Branch Strategies Technology Data Management 100

Advertisement

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

CFPB Monitor

OCTOBER 9, 2014

'Kim Phan Today, the CFPB held a forum to learn more about how consumers are impacted by checking account screening policies and procedures. The CFPB recognizes that checking accounts are one of the most widely used financial products by consumers, but the CFPB has expressed concerns that screening practices may be preventing consumers from gaining access to basic checking accounts.

Policies 92

Policies Report Meeting Tools 92

Jeff For Banks

OCTOBER 10, 2014

'There are a number of challenges that nearly every financial institution faces, in my experience. Regulatory over-reach, check. Compliance woes. Got it. Branch under-utilization. Ditto. One such omnipresent challenge is how to blow up thick-walled organizational silos to serve the customer well over several banking and neo-banking disciplines. The below video highlights some of my ideas on how bankers can break down barriers to win more of their customers'' business.

How To 89

How To Video Compliance Groups 89

Banking 2020

OCTOBER 8, 2014

'*Disclosure: Banking.com is powered by Digital Insight. The Digital Age is here, and with it is an ongoing change in consumer behavior. As consumer preferences are changing as quickly as technology, it’s a challenge for financial institutions to keep up. Outdated business models and limited resources could spell missed revenue potential. How are you keeping up with your evolving customers’ needs?

Strategy 97

Strategy Resources Tools Innovation 97

Jack Henry

OCTOBER 8, 2014

'Author: Rob Hudecek, rhudecek@profitstars.com. During my initial training as a student pilot, there was one maxim from my flight instructor that has stood out above all: “If you are not doing something, you are doing something wrong.” Inaction can often lead to undesirable results (including, as a pilot in training, not being able to use the airplane again).

Training 83

Training Survey Groups Taxes 83

Advertisement

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

CFPB Monitor

OCTOBER 7, 2014

'Joel E. Tasca Yesterday, the U.S. Supreme Court invited the Solicitor General to file a brief to express the Obama administration’s views on whether certiorari should be granted in a consumer case involving an important issue of statutory standing. In the case – Spokeo v. Robins – the issue is whether a plaintiff asserting a private cause of action under the federal Fair Credit Reporting Act has the requisite injury-in-fact for Article III standing when his complaint alleges no injury other tha

United States 76

United States ATM America Google 76

Matt Wilcox Pro

OCTOBER 6, 2014

'The encouraging, the ouch, and the plus ça change The payment industry and the payment-fraud industry are locked in a perpetual arms race. Each time our side develops bigger and badder defense weapons, the bad guys set to work inventing bigger and badder assault weapons. And so it goes, back and forth. One year from [.

Fraud 74

Fraud Industry Payments 74

ABA Community Banking

OCTOBER 10, 2014

'“People talking without speaking, people hearing without listening” * Compliance Blogs AML & Fraud BSA/AML Compliance/Regulatory.

Compliance 96

Compliance Fraud 96

Tomorrow's Transactions

OCTOBER 8, 2014

'Why is there only one Bank of England? Only one Pound Sterling and one interest rate throughout the UK? The Head of the Competition and Markets Authority says that competition in currency is “welcome”. So what is he going to do about it? I’m thinking about currency and competition because, and I imagine I’ll get trolled for saying this, but I had good fun arguing with some of the Bitcoin folk at Innotribe this year.

Bitcoin 61

Bitcoin cryptocurrency blockchain social media 61

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.

Marketing