South State Correspondent

JANUARY 19, 2016

In case you are one of the few banks that don’t track direct (Internet) banks in your deposit surveys you should, as they continue to lead the market when it comes to deposit pricing. Our MarketRates Insight rate survey’s set off alarms when Discover Bank moved their retail money market rates up 5 basis points at the end of last month, while their 5-year certificate of deposit rates raised 20 basis points to 2.20%.

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Groups Survey Retail Marketing 183

Accenture

JANUARY 19, 2016

Innovation and the digital revolution are helping bring needed services to people who have previously not had access to banks. In a report developed with Care International UK, Accenture estimates that the market for those who are un- or under-banked. Read more.

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Innovation Marketing Report 155

Abrigo

JANUARY 22, 2016

Click here to read the entire whitepaper written by Tim McPeak "A ship is always safe at the shore, but that is not what it is built for.” – Albert Einstein Banks generate most of their revenue by lending money, and lending money, by definition, involves a certain amount of risk. “The effective management of all types of risk, including the credit risk inherent in making loans, is what allows some banks and credit unions to thrive in times where others fail,” says Tim McPeak a Risk Management Co

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Resources Lending Risk Management Compliance 150

Celent Banking

JANUARY 19, 2016

Many large financial institutions spent in excess of $25 million on rolling out failed enterprise risk management frameworks during the 2000’s. So why try again? Well for many obvious reasons, the most notable of which has been the large scale failure of institutions to manage their risks and the well-editorialized consequences of those failures. The scale of fines for misconduct across financial services is staggering and damage to the banking industry’s reputation will be long-lasting.

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Risk Management Management Regulation Policies 100

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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 21, 2016

If you want to change the face of your bank, one of the fastest ways to do it is by changing the compensation structure.

Lending 200

Lending 200

Abrigo

JANUARY 21, 2016

Progressive accounting firms seek consulting opportunities so their firms can take advantage of more lucrative advisory service offerings. At Sageworks, recent feedback from industry thought leaders and CPAs providing advisory services have highlighted a key benefit to this move. Often the amount of time taken to complete certain advisory services is less than traditional compliance engagements that would yield the same return.

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Compliance Resources Comparison Industry 150

CFPB Monitor

JANUARY 19, 2016

Steven D. Burt. On January 11, Elena Babinecz, a CFPB attorney, spoke as part of a panel relating to the revised HMDA rule at the Winter Meeting of the Consumer Financial Services Committee of the Business Law Section of the American Bar Association. Ms. Babinecz confirmed that the CFPB is engaged in a follow-up policymaking process to allow the public to provide input on privacy concerns relating to new data that those subject to HMDA’s reporting requirements are required to collect, rec

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Data Examples Report Meeting 78

South State Correspondent

JANUARY 20, 2016

Falling energy prices have been front and center in the headlines lately, which is a good thing for retail-oriented banks. Experienced retail bankers understand that consumers often react to lower energy prices by treating it as a windfall and increasing their savings rate. Statistically, the correlation over the last 5 years is that energy prices explain approximately 68% of the savings rate – a correlation that is exceedingly predictive.

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Trends Retail 163

Insights on Business

JANUARY 22, 2016

Digital forces are transforming industries beyond recognition. Big data, mobility, social media and cloud computing are changing the way people live, work and think – and forcing banks to develop new strategies to meet ever-shifting customer expectations. Time is of the essence. Today’s banks face fierce competition from start-ups, fin-techs and more.

social media 79

social media Analytics Innovation Big Data 79

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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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Abrigo

JANUARY 20, 2016

Information overload seems to be an occupational hazard for anyone spending time on the internet these days, particularly on social media channels. Coupled with the fact that new social media platforms pop up on what seems like a daily basis, it can be tough for financial professionals to sift through the noise and find actionable, relevant insight in the Facebook and Twitter-spheres.

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social media New York Maryland Taxes 150

SWBC's LenderHub

JANUARY 22, 2016

Over the years, credit unions have strived to differentiate themselves from banks, and banks have done likewise. More recently, financial institutions have begun to go a step further--not only distinguishing themselves as a bank or credit union, but also as the BEST bank or credit union. Those who want to be seen as the best are trying to stand out among their peers by providing a better, more powerful “borrower experience.

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Groups 73

CFPB Monitor

JANUARY 19, 2016

Barbara S. Mishkin. The CFPB has published notices in the Federal Register announcing that it is seeking applications from persons interested in becoming members of its Academic Research Council (ARC), Consumer Advisory Board (Board), Community Bank Advisory Council (CBAC), or Credit Union Advisory Council (CUAC). Appointments to the ARC and Board are typically for three years and appointments to the CBAC and CUAC are typically for two years.

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Groups Community Community Bank Industry 60

Insights on Business

JANUARY 21, 2016

Digital forces are transforming industries beyond recognition. Big data, mobility, social media and cloud computing are changing the way people live, work and think – and forcing banks to develop new strategies to meet ever-shifting customer expectations. This is the time of the next generation bank. Time is of the essence. Today’s banks face fierce competition from start-ups, fin-techs and more.

social media 70

social media Analytics Innovation Big Data 70

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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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Abrigo

JANUARY 19, 2016

Politicians and pundits debating these days how candidates can win will often discuss the importance of “playing to the base,” that core group of supporters who will be loyal voters and will evangelize for the candidate. At the same time, campaign players and watchers also acknowledge that it’s important to reach out to voters who perhaps previously never considered the candidate in order to expand the pool of likely supporters.

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Taxes Regional Compliance Survey 150

SWBC's LenderHub

JANUARY 19, 2016

It was another bloody week for commodities and risk markets, with crude oil breaking through $30 a barrel last Friday morning. The collapse in oil has gotten so bad that it seems to be changing the fundamental inflation outlook of some of the most hawkish Federal Open Market Committee (FOMC) members at the Fed.

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Marketing 60

Jeff For Banks

JANUARY 16, 2016

Into 2016 We Go This is no way to ring in a new year! US stocks fell 6% to 7% during the first week of January, following world stock markets in a downward spiral. It is the worst first week of trading in years, maybe ever. There were several drivers of this nervous selling activity. First and foremost, China is at it again. Its stock markets are said to have led the world markets plunge, with clumsy attempts by their regulators’ circuit breakers to stem declines actually making them worse.

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Community Bank Atlanta Data Marketing 60

Insights on Business

JANUARY 22, 2016

Digital forces are transforming industries beyond recognition. Big data, mobility, social media and cloud computing are changing the way people live, work and think – and forcing banks to develop new strategies to meet ever-shifting customer expectations. Time is of the essence. Today’s banks face fierce competition from start-ups, fin-techs and more.

social media 70

social media Analytics Innovation Big Data 70

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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

Abrigo

JANUARY 18, 2016

How an electronic tax return reader provides more time for advisory services As accountants and their staff scramble to complete client W-2s and 1099s to meet other deadlines related to the start of tax season, it’s hard to see an end to the crazy schedules. However, before you know it, it will be time to meet with clients to conclude your work and present their tax returns and financials.

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Taxes Meeting Analysis Data 150

Banking 2020

JANUARY 22, 2016

In a few sentences, can you tell us about Ventura County Credit Union? Ventura County Credit Union (VCCU) is the oldest and largest community credit union headquartered in Ventura County, California. Our mission is to deliver unparalleled services — from checking and savings accounts and credit cards to auto, personal, home loans and beyond — in order to improve the financial well-being of our members and the community at large.

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Community Fraud California US 57

ABA Community Banking

JANUARY 22, 2016

Silence, stonewalling, and silos can all lead to compliance problems Compliance Risk Management Blogs Common Sense Compliance Compliance Management Compliance/Regulatory.

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Compliance Risk Management Management 48

Insights on Business

JANUARY 22, 2016

Digital forces are transforming industries beyond recognition. Big data, mobility, social media and cloud computing are changing the way people live, work and think – and forcing banks to develop new strategies to meet ever-shifting customer expectations. Time is of the essence. Today’s banks face fierce competition from start-ups, fin-techs and more.

social media 70

social media Analytics Innovation Big Data 70

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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

Abrigo

JANUARY 18, 2016

Are you ready for CECL? The Financial Accounting Standards Board (FASB) is expected to release final guidance in Q1 for the current expected credit loss ( CECL ) model. Implementation will not be required until 2019 or 2020, but banks are looking to start preparing now. Professionals from Sageworks and CliftonLarsonAllen will be hosting a two-part webinar that will help institutions put together an implementation plan for CECL and choose a methodology for estimating credit losses.

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Examples Data Trends Capital 150

Banking 2020

JANUARY 21, 2016

By Dominic Venturo, Chief Innovation Officer, U.S. Bank. New technologies and the growing number of mobile devices have prompted banking institutions to rethink their traditional way of doing business. Transactions are rapidly shifting from branches and handshakes, to apps and fingerprints, maybe someday even an iris scan. But just because the technology is available, does it mean we should use it?

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Survey Innovation Technology Industry 49

ABA Community Banking

JANUARY 22, 2016

FATF mutual evaluations and the impact on the AML environment Compliance Blogs AML & Fraud BSA/AML.

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Fraud Compliance 58

Disruptive Finance

JANUARY 18, 2016

"Join the European FinTech Awards and Conference where innovative and disruptive FinTech companies are awarded. Meet 400 hand picked entrepreneurs, bankers, investors and advisors, extend your network and develop business.".

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Fintech Conference Meeting Innovation 40

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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