Sat.Dec 19, 2015 - Fri.Dec 25, 2015

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Building Franchise Value: The Bank Brand

South State Correspondent

To understand the point of this article, you are going to have to go out and purchase the two t-shirts in the picture. Both have the following selling points: “100% cotton,” “Ribbed crew neck,” and, get this for clarity – “short sleeves.” The one on the right will set you back about $3.16 and can be purchased at Target, JC Penny’s or wherever fine underwear is sold.

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Be a profit center: Add value to your consulting engagements

Abrigo

By Adam Blitz, Principal and Consultant at GetBlitzed Solutions CPA’s can be invaluable. However, CPA’s often dive into accounting work that only meets the compliance requirements. It’s common knowledge that clients need tax returns or financial statements completed and submitted in a timely manner. It’s also well known that the information derived from these resources can be crucial in strengthening a client’s ability to reach their goals.

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Making Blockchain Real For Business – What Does This Mean? And What Is Next?

Insights on Business

This past Thursday The Linux Foundation, IBM and several major Banks and Tech firms made an exciting Blockchain announcement. The Open Ledger Project , as it is known, will be looked back on as a pivotal moment in time. The most important driver behind this initiative is making Blockchain real for business … developing the technology as fast and securely as possible to allow industry to realize the huge potential that Blockchain and shared ledger technology can have.

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Creating Sales Champions, Even in a Challenging Market

Jack Henry

Pat True, RTrue@profitstars.com. There is a formula which lights the path of every extraordinary performer, whether in the field of sports, sales or any other walk of life. It has to do with the old adage of being a “student of the game.” Today, when we hear that term, we think of individuals who have risen to the top in their field. A current example would be Peyton Manning.

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

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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Post-Holiday Storytelling To Increase Bank Earnings

South State Correspondent

Who doesn’t like the Frank Capra classic It’s a Wonderful Life ? It is not only about a banker doing good, but it has all the elements of a great story – good opening, interesting characters, a high story arc, conflict and satisfying resolution. Not only should every banker keep the classic in mind because of the heartwarming story, but the film holds the key to better bank marketing.

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CFPB announces adjustments to HMDA/TILA asset-size exemption thresholds

CFPB Monitor

Barbara S. Mishkin. The CFPB has announced annual adjustments to two asset-size exemption thresholds. First, the CFPB is making no change to the asset-size exemption threshold under HMDA/Regulation C which is currently set at $44 million. Banks, savings associations, and credit unions with assets at or below $44 million as of December 31, 2015 will continue to be exempt from collecting HMDA data in 2016.

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Making Blockchain Real For Business – What Does This Mean? And What Is Next?

Insights on Business

This past Thursday The Linux Foundation, IBM and several major Banks and Tech firms made an exciting Blockchain announcement. The Open Ledger Project , as it is known, will be looked back on as a pivotal moment in time. The most important driver behind this initiative is making Blockchain real for business … developing the technology as fast and securely as possible to allow industry to realize the huge potential that Blockchain and shared ledger technology can have.

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Mission Accomplished!

SWBC's LenderHub

Let me start out by saying, “It’s not all Janet Yellen’s fault.” It is not her fault that Saudi Arabia has engaged the rest of the oil-producing world in a supply-driven, market-share death match. It's not her fault that China’s economy is far weaker than originally thought just six months ago. It is not her fault that Europe is, well…Europe. It’s not even her fault that the recovery from the 2007–2009 financial explosion resulted in a gigantic commodity bubble that is now threatening to bring f

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A financial institution couldlearn a thing or two from a Harley rider

Matt Wilcox Pro

New Year thought: Not just frequency, but loyalty ONE FINE DAY amid the airline deregulation of the early 1980s, a visionary at American Airlines reasoned that it would cost nothing—and might just earn goodwill—to give unsold seats to frequent customers. In no time, the idea bled into other airlines and, later, into other verticals, from [.

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The State of Automation in Financial Services 2024 Report

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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Money transfer complaints highlighted in CFPB December 2015 complaint report

CFPB Monitor

Barbara S. Mishkin. The CFPB has issued its December 2015 complaint report which highlights money transfer complaints and complaints from consumers in Georgia and the Atlanta metro area. General findings include the following: As of December 1, 2015, the CFPB handled approximately 770,100 complaints nationally, including approximately 21,000 complaints in November 2015.

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Making Blockchain Real For Business – What Does This Mean? And What Is Next?

Insights on Business

This past Thursday The Linux Foundation, IBM and several major Banks and Tech firms made an exciting Blockchain announcement. The Open Ledger Project , as it is known, will be looked back on as a pivotal moment in time. The most important driver behind this initiative is making Blockchain real for business … developing the technology as fast and securely as possible to allow industry to realize the huge potential that Blockchain and shared ledger technology can have.

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Banking's Total Return Top 5: 2015 Edition

Jeff For Banks

For the past four years I searched for the Top 5 financial institutions in five-year total return to shareholders because I grew weary of the persistent "get big or get out" mentality of many bankers and industry pundits. If their platitudes about scale and all that goes with it are correct, then the largest FIs should logically demonstrate better shareholder returns.

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Beware, The Chargeback Cometh!

Javelin Strategy & Research

With black Friday come and gone, merchants should take a moment away from their merriment about floods of customers and brace themselves for a different kind of flood - chargebacks. Two trends converge to make this holiday season excruciating for merchants. First, EMV disrupts comfortable patterns at the point of sale, especially for merchants who decided to wait to activate EMV terminals until after the holiday rush.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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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CFPB enters into consent order with operator of consumer lead resale business

CFPB Monitor

Barbara S. Mishkin. The CFPB announced last week that it has entered into a consent order with an individual who had operated a defunct business that resold consumer leads to settle charges that the business sold leads to debt collectors who used the information to deceive and threaten consumers into paying debts they did not owe. The debt collectors had been named as defendants in a complaint filed by the CFPB in federal district court in Atlanta in March 2015.

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Making Blockchain Real For Business – What Does This Mean? And What Is Next?

Insights on Business

This past Thursday The Linux Foundation, IBM and several major Banks and Tech firms made an exciting Blockchain announcement. The Open Ledger Project , as it is known, will be looked back on as a pivotal moment in time. The most important driver behind this initiative is making Blockchain real for business … developing the technology as fast and securely as possible to allow industry to realize the huge potential that Blockchain and shared ledger technology can have.

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Get the message: ISO 20022 standard to drive economic benefits

NCR

Implementation of the ISO 20022 messaging standard for electronic payments could produce savings worth billions. This is the message from the Canadian Payments Association (CPA), which foresees significant benefits from migration to the standard. The CPA reckons that adopting ISO 20022 would lead to costs savings of as much as CA$4.5 billion over five years simply from the elimination of checks – a billion of which were written last year.

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Is it the Beginning of the End for Card Data Breaches?

Javelin Strategy & Research

The situation couldn’t have been much more choice for cybercriminals and the fraudsters they supported. Billions of transactions were facilitated by payment data that would at some point be transmitted across systems under the control of organizations with strict cybersecurity policies and strong controls – where it was practically untouchable – it would often cross unsecured systems accessible from anywhere.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.

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“Bring us your complaints”

ABA Community Banking

People will talk, so reap some benefits for your bank. How Regions handles customer beefs Retail Banking Compliance Customers Compliance Management Consumer Compliance.

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The 3 Biggest Lies Told to Community Bankers

The Emmerich Group

I’ve been eavesdropping in on conversations at banking conventions for the last 18 months and I have to tell you…I’m a little shocked. Because again and again, I’ve heard very smart bankers repeat three… lies to one another. Now, I don’t think they’re “liars”—in fact, I’m sure they’re not. But I do think that they’ve lost their grip on the truth. So, today, right here, I’m going to debunk many of these so that you can inoculate yourself from them before you, too, are infected by these things tha

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This Week’s Reads: Banking Innovation, Mobile Payments and Retail Spending

NCR

Articles via The Financial Brand, Banking Exchange, NCR Blog. Three barriers to banking innovation: For banks to succeed in the coming year, they need to focus on customer satisfaction, exploring new ways to improve management and technology innovation , which is outlined in this article. Mobile payments growth exceeds ecommerce: As the number of technology users continues to rise, so does the number of mobile payments.

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Number ONE Most-Read Blog Post of 2015: 10 Ways To Motivate Your Employees

Your Full Potential

Drum roll…… We’ve arrived at YFP’s MOST-READ blog post of 2015!! It’s fitting since it provides suggestions on how to motivate, energize, and inspire employees! The link and text are below. From all of us at Your Full Potential and ABSURD! Leadership , we wish you the Happiest of Holidays and peace, joy, and success in the New Year!

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

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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Is EMV a payments catalyst?

ABA Community Banking

Adopted for security, EMV may be a short stop on a better payments journey Payments Blogs UNconventional Wisdom Online.

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IBM To Keynote at The Block Chain Conference Feb. 10

Tech and Finance

IBM will deliver the keynote presentation at The Block Chain Conference February 10that the Mission Bay Conference Center in San Francisco. The conference theme is “Doing Business with Block Chains, Distributed Ledgers and Smart Contracts” – with a unique on block chains and distributed ledgers to underpin business applications. “A key mission of The Block Chain Conference is to educate business innovators and technology architects from companies deploying enterprise IT of the potential ben

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Who do you trust most to protect payments?

NCR

The rise of alternative payment platforms is posing a sizeable risk to traditional financial institutions. But before banks bemoan the fact that they’re losing revenue to new market entrants, they ought to consider why consumers are going elsewhere. While banks haven’t exactly carved a great name for themselves post-crisis, it seems consumers still resolutely trust them to handle their payments.

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Most Read Posts Of 2015: #2 “After The Planning Session: 3 Things To Do Next”

Your Full Potential

Coming in at #2 of our most read posts: After the Planning: 3 Things To Do Next. It is vital that organizations go through a process of introspection, self-critiquing, and quality assessment. For many companies, this kind of analysis is conducted during a Strategic Planning session. The issue is that not every employee gets to attend those meetings.

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Addressing Top Enterprise Challenges in Generative AI with DataRobot

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.