South State Correspondent
JANUARY 5, 2015
'Community banks need to make a plan to upgrade their current core system to one that handles real-time processing in order to stay competitive. It is crazy the amount of cost and energy our bank (like almost all banks) spends on mimicking a real-time environment, the risk associated with such and how much of an operational hindrance a batch environment is.
Abrigo
JANUARY 8, 2015
'Business valuation services are among the highest-growing niche services among Top 100 accounting firms, according to Accounting Today. One aspect of providing this service, however, is notoriously time-consuming and frustrating: Writing business valuation reports. At the same time, it’s crucial that you produce a quality report, according to Rod Burkert, who teaches a course on business valuation report writing and who is founder of Burkert Valuation Advisors LLC.
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Celent Banking
JANUARY 8, 2015
'I travel. A lot. And in the spirit of full disclosure, Delta and Starwood are my go-to airline and hotel chain. It helps that they have a mutually reinforcing arrangement whereby I receive miles for my Starwood stays and SPG points for my Delta flights. It just so happens that I’d already settled on these two, so I didn’t have to change my alliances, but on balance, even had I been another hotel patron, this alliance would have weighed heavily when deciding where to lay my head on the road.
Finer Points
JANUARY 5, 2015
'Happy 2015. I am humbled and grateful for the opportunity to kick off another year representing the nation’s community banks, an industry that has made its mark through honest dealing, community involvement and personalized customer service. Over the holidays, I read an article that reminded me just how good all of us have it who […].
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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
South State Correspondent
JANUARY 8, 2015
'The Kansas City Fed released an interesting research paper titled The Effect of Risk and Organization Structures on Bank Capital Ratios. The research looks at how risk and a bank’s organizational structure impacts its capital levels. In times of stress, does a bank holding company (BHC) structure help protect a bank or hurt it?
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
SWBC's LenderHub
JANUARY 8, 2015
'Lending is a vital component of your business, and you simply can’t afford to lose valuable loans to competitors. Effective lending strategies combined with a well-trained and engaged staff can and should deliver immediate, significant and sustainable double digit loan portfolio growth across all product lines year after year.
CFPB Monitor
JANUARY 5, 2015
'Barbara S. Mishkin The CFPB has issued its second 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,
South State Correspondent
JANUARY 7, 2015
'There are approximately 94.5 thousand branches in the United States, which on a per capita basis, puts us in the middle of the global pack. China and India, of course, are very underbanked by that measuring stick, while Spain and Italy are extremely overbanked.
Abrigo
JANUARY 5, 2015
'Institutions nationwide saw improvements in credit quality and higher loan growth in 2014. As they look to continue the positive trend, we are likely to see increased activity in the mergers and acquisitions (M&A) market. With the number of commercial banks continuing to decrease, 5,636 as of Q3 2014 from 6,110 as of Q3 2012 according to FRED data , many expect the overall number of commercial banks to decrease even further – largely as a result of M&A activity rather than bank fa
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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
Jeff For Banks
JANUARY 5, 2015
'With all of the scholarship on leadership, what could I add to the conversation? I have my ideas. And if we reflect on the decline of our industry, an honest in-the-mirror assessment of bank leadership merits discussion. In 2004 I wrote an article for a banking industry association entitled Lead Like Lincoln. The article identified three traits that were critical to Lincoln''s success: Vision, Communication, and Commitment.
ABA Community Banking
JANUARY 9, 2015
'“You used to call me paranoid—pressure—but even you cannot avoid—pressure”* Compliance Blogs AML & Fraud BSA/AML.
South State Correspondent
JANUARY 6, 2015
'For many community banks, a concentration in real estate lending may be an issue. This is especially concerning given the recent decrease in capitalization (cap) rates across many geographies and property classes.
CFPB Monitor
JANUARY 5, 2015
'Barbara S. Mishkin The CFPB has issued its fourth annual report to Congress on its workforce. The Dodd-Frank Act requires the CFPB to submit an annual report that includes a Recruitment and Retention Plan, Training and Workforce Development Plan, and Workplace Flexibilities Plan. Titled “Growing our Human Capital,” the report states that the CFPB had 1,419 employees as of September 2014.
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Long Lasting Ideas
JANUARY 5, 2015
'A generation ago, bankers could count on young people –piggy banks in hand — riding their parents’ coattails to the neighborhood branch. As the years passed a kid who opened a savings account at 10 opened a checking account or a student loan at the same bank before heading off to college at 18. In a few years, that meant a mortgage, a college fund for their children, or an IRA.
Banking 2020
JANUARY 8, 2015
'Banks have one of the largest IT budgets of any industry, but what exactly are organizations getting for the money? Powering innovation starts with transforming technology and its use. Almost every enterprise has a story about attempting to transform its operations, but ultimately coming up short because it lacked the IT bandwidth to finish the venture.
ABA Community Banking
JANUARY 4, 2015
'Consensus on this oft-used term’s meaning eludes Technology Blogs Making Sense of it All.
CFPB Monitor
JANUARY 8, 2015
'Barbara S. Mishkin The CFPB continues to seek comments on its plans to launch in the winter of 2015 what it describes as “a multi-site financial education demonstration project to provide one-on-one and group financial counseling/coaching services to individuals with disabilities transitioning into the workplace or already employed.” The project has two goals.
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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.
Bankelele
JANUARY 6, 2015
'It’s a new year, and with it comes the reintroduction of the capital gains tax (CGT) in Kenya. This is not the first time it’s appeared (it was suspended in 1985), but previous attempts to reintroduce it in 2007 and 2011 were set aside by parliament. This time it has stuck and is now the law, with the a 5% tax imposed on the transfer of land, buildings and investment shares.
Banking 2020
JANUARY 9, 2015
'Below are interesting stories the Banking.com staff has been reading over the past week. Mobile Apps Are The Branches Of The Future – The Financial Brand. Comfort Zones: Acclimating Consumers to Mobile Banking– Nielson. 10 Big Ideas to Improve Your Bank in 2015 – American Banker. ? Macy’s makes omnichannel play with sweeping reorganization– eWeek.
ABA Community Banking
JANUARY 7, 2015
'Customer-centricity ranks high for business clients as much as for consumers Management Lines of Business Technology.
CFPB Monitor
JANUARY 7, 2015
'Barbara S. Mishkin According to the Wall Street Journal , the CFPB is making two changes in leadership. Tony Alexis, who previously served as Deputy Director of Enforcement Field Litigation and is currently serving as Acting Director of Enforcement, will become the CFPB’s Director of Enforcement. Mr. Alexis served as an Assistant United States Attorney in the District of Columbia for 13 years.
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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.
Banking 2020
JANUARY 5, 2015
'At the end of 2014, Long Island-based NEFCU finished their “Pay It Forward,” community program. Going into local areas during the summer of 2014, NEFCU would treat unsuspecting Long Islanders to a good deed or small favor. In the final weeks of November, NEFCU made a grand gesture to locals who had endured hardship by gifting five residents with $1,000 checks.
ABA Community Banking
JANUARY 7, 2015
'Digital can tie in with social feeds Retail Banking Blogs Social Media Channels.
Tomorrow's Transactions
JANUARY 7, 2015
'Gift certificates and gift cards are going virtual, in which mode they are becoming money. Where might they go in the future? I haven’t had a chance to look for the latest figures for the last holiday season (if they are in) but certainly last holiday season the trend was already clear: gift certificates are huge and getting bigger. Gift certificates are the most-desired present for the eighth straight year and, as was discussed at length at the Tomorrow’s Transactions Forum back in
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