South State Correspondent
JUNE 11, 2015
The now famous Ally Bank commercial of 2012 that asked two kids if they want a pony goes down as one of the most effective in banking history. Two girls are asked if they want a pony, and while the girl in blue gets a toy pony, the girl in orange gets a real pony. Disappointment ensues to the Blue Kid and the moral, of course, is even kids know it’s wrong to treat others differently.
Celent Banking
JUNE 12, 2015
This week Apple announced that Apple Pay will finally make its debut in the UK. Most of us expected that after the US launch, Canada and the UK would be the next countries for Apple Pay as it expands internationally. Those of us here were hoping it would happen by April, but it looks like it will now finally be arriving in July. The UK market has many ingredients for Apple Pay to succeed.
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Abrigo
JUNE 12, 2015
Marketing your valuation business is more important than ever. With the rise of social media and other new communication techniques, industries that may have once been considered “traditional” must seek new ways to engage potential clients and to reengage existing clients. While many business professionals can still keep their companies afloat with a smile and a handshake, there is no doubt that the world has changed and will continue to do so.
SWBC's LenderHub
JUNE 9, 2015
Email marketing is a great and cost-effective way to reach your target audience—both prospects and current customers for cross selling opportunities. When done correctly, it can yield astounding results. No, really— 66% of consumers have reported that they've made a purchase as a result of an email they received.
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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
JUNE 9, 2015
Now that the economy has healed, liquidity is plentiful and bank performance is on the verge of getting back to normal, we thought we would revisit what a bank’s capital structure looks like and the associated loss given defaults for each. In 2015, we sit in the middle of an ideal story that can be told about banking that goes along the lines of record credit quality for new origination, the highest barriers to entry the industry has ever seen, higher interest rates, better bank regulatory super
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Abrigo
JUNE 12, 2015
Agricultural lenders are reporting increases in non-performing farms loans and decreased farmland values, according to the latest Agricultural Lender Survey conducted by the Kansas State University Department of Agricultural Economics. Lenders reported that over the past three months, total farm dollar volume rose and is expected to increase in the short- and long-term for all categories.
Jack Henry
JUNE 10, 2015
Author: Mark Messick, MMessick@profitstars.com. Do you remember the days when financial institutions (FI) didn’t have websites? For those millennials out there who just fell out of their chair, yes, there was a time when banks and credit unions didn’t have websites. What we heard in those days was that community-based banking was a relationship business and that FI’s knew their client base so well they didn’t “need” a website.
South State Correspondent
JUNE 8, 2015
When analyzing your bank’s commercial real estate (CRE) portfolio, there is one metric that means more than all the rest of the other factors combined. Of course, that one factor is debt service coverage and recent performance helps explain why spreads are contracting as much as they are. Calculating changes in a property’s cash flow account for almost 60% of commercial loan’s default risk.
Celent Banking
JUNE 11, 2015
About a year ago, I decided to embark on a journey of researching vendors and service providers in card management and transaction processing (CMTP). While I have been writing extensively about emerging payments (and will continue to do so), the reality is that many of these payments still rely on cards and the supporting infrastructures. Yet, as the transaction types proliferate, some of those older infrastructures are struggling to cope.
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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
Abrigo
JUNE 11, 2015
The main philosophy behind a global cash flow (GCF) is to spread all parts of a relationship (people, businesses and related real estate) to measure their financial health and cash flow individually, then collectively on a “global” level. The important take-away here is to try and view individuals, businesses and their real estate as a holistic, singular “net” cash flow from which the bank or credit union can determine the borrowers’ ability to pay debts.
CFPB Monitor
JUNE 9, 2015
Richard J. Andreano, Jr. Two days after announcing a proposed consent order with a mortgage company and its CEO to settle charges that the company paid bonuses and higher commissions to loan officers in violation of the Regulation Z loan originator compensation (LOC) rule, the CFPB announced a second settlement with another mortgage company involving alleged violations of the LOC rule.
South State Correspondent
JUNE 6, 2015
Interesting research from JP Morgan below using CoreLogic data that shows their stress test (similar to the Fed's CCAR scenarios) to various negative, severe and depression scenarios ranked by what city would suffer the most. Makes us remember what a 20% retrenchment would look like. . .
Banking 2020
JUNE 9, 2015
Midsize banks (those with deposits between $2 billion and $33 billion) have traditionally been the leaders of customer satisfaction in the banking industry, but technology has advanced to the point where big banks and regional banks are closing the gap. These larger institutions—once the most vocally criticized by consumers during the recession—are making considerable improvements in personal interactions with customers, minimizing the occurrence of problems and strengthening brand perceptions.
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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.
Abrigo
JUNE 9, 2015
Memorial Day unofficially kicked off summer, a time of year that often prompts auditors to begin reflection on what type of accounting firm they want to be. Whether you went on vacation with friends or family for the long holiday or continued to work away in the office, your mind has likely been running to ways you can improve your accounting firm by implementing practices that will increase efficiency for the inevitable audit season.
CFPB Monitor
JUNE 11, 2015
Christopher J. Willis. Yesterday, the CFPB finalized its larger participant rule for nonbank auto finance companies, making them subject to supervision after the effective date of the rule. But the Bureau’s press release and newly-released auto finance examination procedures , to me, are even more significant, because they signal areas of future concentration for the Bureau in examinations of both banks and nonbanks in the auto finance space.
South State Correspondent
JUNE 10, 2015
In the course of our work with community bankers, we deal with hundreds of banks across the country and talk to thousands of lenders. Competition is intense and every lender is looking for an advantage against the national or regional bank. A better product, faster service, or insightful advice can translate into additional loans, better spreads or additional fee income.
Banking 2020
JUNE 12, 2015
Below are interesting stories the Banking.com staff has been reading over the past week. Articles via Business Standard, American Banker, Credit.com, Wall Street Journal. Passwords are passé; biometrics is the future of banking: Banks are beginning to use biometrics to help authenticate customers, adding a level of convenience to banking for both consumers and financial institutions.
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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.
ABA Community Banking
JUNE 7, 2015
Paying with mobile closer to ubiquity Payments Making Sense of it All Mobile.
CFPB Monitor
JUNE 11, 2015
Barbara S. Mishkin. The CFPB, together with the Solicitor General, has submitted an amicus brief in Hawkins v. Community Bank of Raymore , the case in which the question before the U.S. Supreme Court is whether the Equal Credit Opportunity Act (ECOA) applies to loan guarantors. The Court agreed to hear the case in March 2015 and is expected to hear oral argument in the Court’s term that begins in October 2015.
Bankelele
JUNE 9, 2015
Comparing performance to last quarter and a year ago. Compared to last quarter, the portfolio is down 3% while the NSE 20 share index is down 10% since February 2015. The Stable. Bralirwa (Rwanda) ↓. Centum (ICDCI) ↓. Diamond Trust ↓. Equity -. KCB ↓. Kenya Airways ↓. Kenya Oil ↓. Mumias ↓. NSE ↑. Safaricom ↑. Scangroup ↓. Stanbic (Uganda) ↓.
The Emmerich Group
JUNE 11, 2015
Chasing your tail is never a flattering or productive exercise. Most executives are exhausted by the constant need to “run” the business. Can you relate? Michael Gerber’s The E-Myth Revisited, talks about something that can make your life easy — The Franchise Prototype. Think McDonald’s. Think Starbucks. Think UPS. Successful businesses create impenetrable systems –“the system runs the business, and the people run the system.
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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.
ABA Community Banking
JUNE 8, 2015
Part 2: Cyber risks that small firms face and how to understand their scope Risk Management CSuite Cyberfraud/ID Theft Community Banking.
CFPB Monitor
JUNE 8, 2015
Barbara S. Mishkin. In a memo to state banking associations, the American Bankers Association raises concerns about the costs to industry of the CFPB’s use of its expansive authority to gather information under Section 1022 of the Dodd-Frank Act. As indicated in the memo, to inform its rulemaking process on overdraft protection services, the CFPB ordered three financial services core processors in November 2014 to provide significant amounts of information and anonymized data about the ove
Bankelele
JUNE 9, 2015
#TEAat20 #TEA@20. The EastAfrican newspaper has a nice website that has most of the stories in the newspaper. But for some people, they still need and want to read the actual paper. This is because a great deal of value from reading a newspaper can be derived from items that are usually not posted online such as paid notices and advertisements. Or sometimes, as a fan of the The EastAfrican you’re not able to get a physical copy – you may have traveled somewhere that’s far from a superm
Fintech Labs Insights
JUNE 8, 2015
TransferWise , a startup that prides itself on being a “clever new way to beat bank fees” recently released a few stats. The company, whose product launched in 2011, is now enabling customers to transfer more than $760 million (£500 million) across the globe every month. At this volume, TransferWise has seized 2% of the market share in UK-based global remittances.
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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