South State Correspondent

NOVEMBER 18, 2014

'At our core, banks are risk-adverse. It’s a good thing too, as we are all more leveraged than the average hedge fund such that each decision is amplified. Every time the sun comes up it is a roll of the dice as the market forces of credit, interest rate, liquidity and a dozen of other risks assault a bank. What separates success from failure is a bank’s ability to understand what risks to avoid, what risks to broker, and what risks to exploit.

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Risk Management Tools Management Marketing 268

Abrigo

NOVEMBER 21, 2014

'Final guidance on the Current Expected Credit Loss (CECL) model has been an anticipated event in the eyes of bankers and other financial professionals. Its release marks the end of the incurred loss model in accounting for expected losses and brings with it a slew of process changes in the way financial institutions collect data and perform their ALLL calculations.

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Community Bank Analysis Community Video 225

Celent Banking

NOVEMBER 20, 2014

'Three things came across my Twitter feed the same afternoon. Consider the following and see if you think they are related: “When we depend too much on our GPS, we lose the will and skill to explore.”. Tom Peters via Twitter, 20 November 2014. “A creative person is by definition inefficient. She/he is wandering along odd paths, backtracking; the life well-lived is mostly detours.”.

Analytics 169

Analytics Innovation Data Technology 169

CFPB Monitor

NOVEMBER 21, 2014

'Jeremy T. Rosenblum Director Cordray’s remarks to the Clearing House yesterday should unsettle bankers and payday lenders alike. In his talk, Director Cordray challenged bankers to bow to the inevitable. He suggested that sooner, rather than later, the industry should invest the billions of dollars required to build a payment system with “faster and even real-time payments” where “the interests of consumers remain at the top of [bankers''] minds.” The system envisi

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System Operations Payments Course 114

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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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South State Correspondent

NOVEMBER 20, 2014

'Many banks, including us, make the mistake of talking about being a relationship bank, but market on transactions. We tout checking products, loans and business banking solutions and then wonder why our product per customer count is not higher or our lifetime value is not larger.

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Data US Groups Marketing 220

Jeff For Banks

NOVEMBER 19, 2014

'I posed this question to a Fed economist today. Her answer: lack of capital. The above chart is from a Federal Reserve Bank of San Francisco Economic Letter: Slow Business Start-ups and the Job Recovery published in July. But in strategic planning retreats that I moderate, community financial institutions insist that they lend to small businesses. In fact, when I recently spoke to a group of New York bankers, I opined that community FIs would lend to small businesses only if they have three yea

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Jack Henry

NOVEMBER 19, 2014

'Author: Lauren Gleim, lgleim@jackhenry.com. With Thanksgiving one week away, it’s that time of year we share our appreciation for those around us. Your friends and family will gather together to share in holiday traditions, maybe watch some football and feast on delicious food. Since I am such a sentimental gal, I’d like to share my appreciation by helping you with a little mobile marketing.

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South State Correspondent

NOVEMBER 16, 2014

' . Leaders of the G20 Nations met over the weekend and agreed to introduce new banking regulations that will result in deposits being treated more like an investment and less like "cash and cash equivalents." Watch our animated video to learn more and get our take on what it could mean for community banks.

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Community Bank Video Community National 207

Abrigo

NOVEMBER 17, 2014

'In the 2014 J.D. Power Small Business Banking Satisfaction Study , small business owners indicated that a key component of a positive banking experience is the relationship they have with their account manager. The survey was released on October 28, 2014, and polled business owners from across the country. The survey found that, for instances where the account manager is not viewed as a trusted advisor or there is no, one manager of the account, there is a a significant decrease in satisfaction

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Survey Lending Study Management 225

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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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SWBC's LenderHub

NOVEMBER 18, 2014

'Steve is in his 60’s and stands more than 6’5”. He has white, wild hair, but is bald on top. His voice is deep and booming as he leans back in his chair and gestures with huge hands high above his head. His white mustache dances as he laughs. His wink lets you know he is glad to share his knowledge. I often described him as a wizard.

Risk Management 87

Risk Management Management 87

CFPB Monitor

NOVEMBER 20, 2014

'John L. Culhane, Jr. In a new blog post , the CFPB provides credit reporting advice to service-disabled veterans who take advantage of federal student loan forgiveness available from the Department of Education for veterans who receive a 100 percent disability rating from the Department of Veterans Affairs. The CFPB encourages veterans who use this benefit to confirm that their student loan servicer is providing correct information about their loan discharge to credit bureaus.

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Report Industry Examples Company 83

South State Correspondent

NOVEMBER 19, 2014

'Banks all understand interest rate risk, so understanding how hedging managing risk is an easy one. However, there is currently a conflict with banks that on one hand say they don’t believe rates are going up so taking more fixed rate exposure is acceptable, yet have a rate view of that of the forward curve (which does show rates going up). This issue is compounded by the fact that these very banks mostly have loan growth for 2015 exceeding GDP (3%) which would indicate faster than expected exp

Lending 191

Lending Management 191

Abrigo

NOVEMBER 21, 2014

'Now that banks have filed their third quarter financial reports , what did the lending picture look like last quarter? Specifically for businesses, are commercial loans on the rise? Nationally, the picture is a fine one. Total commercial and industrial (C&I) loans across all 6,600+ U.S. banks is up $157 billion from the same period in 2013. However, Q3 commercial lending is down from the beginning of 2014 (quarter ending 3/31/2014) by about $67 billion.

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Lending South Carolina Miami Community Bank 188

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Banking 2020

NOVEMBER 18, 2014

'With four generations in the workforce for the first time ever and financial services seeing tech and retail taking their best performers, how can you make sure you’re hiring the right talent and keeping them there? The latest in Heidrick and Struggles ‘ LeadershipTV™ explains how financial services need to hire outside their comfort zone, and the ways they can keep top, creative talent happy.

Retail 75

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CFPB Monitor

NOVEMBER 21, 2014

'Barbara S. Mishkin The CFPB has issued its financial report for its 2014 fiscal year, which ended on September 30, 2014. Perhaps most illustrative of the CFPB’s growth are the report’s statistics on the CFPB’s employees and funding. The report indicates that the number of CFPB employees grew from 663 in FY 2011 to 1,443 in FY 2014.

Report 79

Report Lending Operations 79

Gonzobanker

NOVEMBER 16, 2014

'Local pharmacy admits mistake in polo mount meds. A florida pharmacy performances that medication that it trained for 21 polo desired form of transport that di male erectile dysfunction at a bradenton tournament eliminate the weekend contained the home and property incorrect take of an ingredient. Jennifer beckett, t matt chief carrying out officer of franck’s druggist, s health in a state psychologic that an intern genuinely company investigation found that”Variety strength of a he

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Abrigo

NOVEMBER 15, 2014

'Much like the internet was once considered a fad, the same was said not so long ago about social media. Earlier this year, Facebook reported more than 1.35 billion active users logging on monthly. That’s roughly 20 percent of the world population. Take a second to allow that to sink in; it is an incredible statistic. The social network truly connects people.

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social media Community United States America 171

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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

Banking 2020

NOVEMBER 17, 2014

'Is your financial institution systemically important? Chances are that even many financial services professionals aren’t familiar with that phrase, but they soon will be. That’s because, according to the Financial Stability Board (FSB), corporations in this hallowed category are so integral to the international financial system that, if they go under, it could potentially affect large swaths of the global economy.

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System Taxes Course Regulation 70

CFPB Monitor

NOVEMBER 20, 2014

'Richard J. Andreano, Jr. The CFPB has issued a new bulletin ( Bulletin 2014-03 ) that is intended “to remind creditors” of their ECOA/Regulation B obligations with respect to consideration of public assistance income and relevant standards and guidelines regarding verification of Social Security Disability Insurance and Supplemental Security Income (together, Social Security disability income).

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Guidelines Security Lending Regulation 79

Gonzobanker

NOVEMBER 16, 2014

'Pharmacy is actually the sued in polo horses deaths. W resources fretting hand b regular, florida. (A acidity)A florida lab people who mixed a concoction of supple ent elements that officials say complete 21 polo indy earlier this year claims t he still pharmacy let go her for those speaking with investigators there was. Th at heart ‘s i j a whistle blower complaint lodged in march against franck’s drug store in ocala.

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Florida Resources Community 60

Abrigo

NOVEMBER 18, 2014

'Many of the world’s biggest brands have interesting back stories to their famous names and slogans. It’s been part of the folklore with coffee maker Maxwell House that President Theodore Roosevelt coined its “good to the last drop” slogan sometime around 1907. The story will likely never be deemed as fact, but The Theodore Roosevelt Association does claim they know of a credible witness who can attest that the conversation took place.

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Branding Online Taxes Meeting 170

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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.

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ABA Community Banking

NOVEMBER 20, 2014

'An expert''s family experiences illustrate how benefits may outweigh risks Retail Banking Payments Viewpoints Channels Online.

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Bitcoin Retail Online Payments 79

CFPB Monitor

NOVEMBER 20, 2014

'Barbara S. Mishkin The Office of Inspector General’s (OIG) work plan , updated as of November 7, 2014, indicates that the OIG’s ongoing projects include audits of the CFPB’s information security program, pay and compensation program, distribution of civil penalty funds, public consumer complaint database and headquarters renovation costs.

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Compliance System Security 74

Tomorrow's Transactions

NOVEMBER 20, 2014

'It might, in some circumstances, be better for both the banks and their customers if they let someone else deal with payments – leaving banks free to concentrate on core business. In Edward Castronova’s excellent book “ Wildcat currency – how the virtual money revolution is transforming the economy ” he makes, to my mind, a succinct and penetrating observation on the regulatory environment for our industry.

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System Retail Payments Mobile 61

Banking 2020

NOVEMBER 21, 2014

'Below are interesting stories the Banking.com staff has been reading over the past week. Visionary FinTech Leaders Talk About The New Banking Customer Experience Model – Forbes. Top 5 Digital Banking Myths – The Financial Brand. In Liberia, Mobile Banking to Help Ebola-affected Women Traders – Huffington Post. ?Snapchat introduces instant mobile payments – CBS News.

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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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