South State Correspondent

SEPTEMBER 10, 2015

In our older home, we have some uneven floors which we are trying to level. We laid out shims, measured distances, marked dips and aligned levels. While some boards are now level, we now have some edge strips that are not flush and some bridges with wide gaps. We decided to solve the problem once and for all (no we didn’t sell the house) - we hired a master carpenter to let him fix our bad floors.

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Celent Banking

SEPTEMBER 9, 2015

I´ve recently had multiple conversations with financial institutions about the trend of unbundling financial services by fintech startups. In fact, it’s hard to discuss the future of the industry without touching on it. Articles from Tanay Jaipuria , Tech Crunch , and CBInsights speak openly about inexorable disruption. They all tell a fairly similar story.

Millennials 212

Millennials Fintech Bitcoin Industry 212

Finer Points

SEPTEMBER 10, 2015

By Terry J. Jorde Congratulations, community bankers! This week we saw once again that our industry’s hard work and determination on behalf of regulatory relief can achieve tangible results in Washington. Following passionate advocacy from ICBA and community bankers, regulators issued a proposed rule to simplify community bank call reports and laid out their plan […].

Community 188

Community Washington Community Bank Regulation 188

Accenture

SEPTEMBER 8, 2015

According to our recent Global Consumer Pulse Research, non-traditional competitors are gaining ground with banking consumers. Forty-four percent of consumers across industries globally say they would consider products and services from companies that are not generally considered part of traditional. Read more.

Industry 154

Industry Company Digital Banking 154

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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

SEPTEMBER 8, 2015

Three weeks ago we gave bankers a quick way to translate commercial real estate portfolios into a common rating using simplified methodology ( HERE ) in order to quickly access their portfolio or a portfolio for purchase. We received many comments from bankers wanting to know more of a detailed approach to accessing credit by loan type and wanting to know how C&I fit into a ratings construct.

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Celent Banking

SEPTEMBER 7, 2015

…but something far more valuable. So for this post to make sense, you ought to read my last 2 posts, about my experience of using my credit card in the US. The first talked about the customer experience, and how varied it was. Some of the quirks were allegedly to improve security, yet offered no perceivable additional security. When asked, the retailers I spoke to saw EMV as offering no better security and a worse customer experience.

San Francisco 146

San Francisco Customer Experience Cards US 146

Accenture

SEPTEMBER 10, 2015

In an earlier post I talked about risk management spending and whether money is being allocated to the right places. Managing the investment across finance, risk and technology is important, but it isn’t the only step banks and financial institutions. Read more.

Course 151

Course Risk Management Management Technology 151

South State Correspondent

SEPTEMBER 10, 2015

Hotel lending has been one of the best performing loan sectors for banks. Both property prices and net operating cash flow have outperformed almost every other bank lending class over the last two years, yet loan pricing has stayed consistently in the 250 to 350 spread range. Moreover, if done correctly, hospitality customers tend to be some of the most profitable with an average risk-adjusted return on equity well over 30%.

Lending 207

Lending Operations 207

Abrigo

SEPTEMBER 10, 2015

As credit unions await the finalization of the National Credit Union Administration’s (NCUA) proposed changes to rules for business lending, they may do well to remember Spider-Man’s creed that “With great power comes great responsibility.” That’s because the proposed rule shifts from prescriptive rules to a principles-based approach that eliminates detailed collateral requirements and portfolio limits and instead focuses on broader principles for commercial lending activities.

Risk Management 150

Risk Management Lending Management Resources 150

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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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Jeff For Banks

SEPTEMBER 7, 2015

American Banker recently published their annual Top 50 Banks to Work For compendium. I am proud to say that a few of the winners are clients. Why the pride? My firm does not specialize in happiness. We specialize in strategy and profitability. So why would I care if clients were lauded for bringing job satisfaction to their employees? It's all about perspective.

Analysis 88

Analysis Strategy US Groups 88

Accenture

SEPTEMBER 8, 2015

In February this year, a White House Summit on Cyber Security devoted a whole day entirely to payments. Subsequently, the Wall Street Journal published an article highlighting actions that companies like Visa and MasterCard are taking to address cybersecurity where. Read more.

Cyber Security 150

Cyber Security Security Payments Company 150

South State Correspondent

SEPTEMBER 8, 2015

Long an issue of banks and public policy is the fact that more than half of American’s under save and 25% of households have no material savings at all. Yet, Americans spend more than $70B annually on various lotteries. The crossroads of that fact set is the reason why Congress passed legislation that in December of 2014 allows banks and credit unions to offer accounts that are eligible for randomly selected “savings promotion raffles” so long as their state of domicile doesn’t prohibit it.

Policies 188

Policies 188

Abrigo

SEPTEMBER 8, 2015

The baby boom generation is often marked by the free-spirited popularized during the 1960’s and 1970’s. The same generation that preached “peace, love and understanding” also funneled that spirit into some of the most successful entrepreneurial ideas ever, like the iPod and the Roomba. Now, as the generation ages , many of those entrepreneurial minds will look to sell their businesses.

Training 150

Training Compliance Industry Management 150

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Jack Henry

SEPTEMBER 9, 2015

Author: Barbara Vega, BVega@profitstars.com. As a product manager for a payment software solutions group, a request I frequently get from customers is, “Can you make these two products talk to each other?” It sounds like a relatively simple request. All it is direct communication or integration between one software product and another. How hard can that be?

Software 85

Software System Groups Data 85

CFPB Monitor

SEPTEMBER 9, 2015

John L. Culhane, Jr. When examining banks and companies subject to CFPB supervisory authority for FCRA compliance, CFPB examiners will look at whether the bank or company has followed FCRA requirements for use of background checks on employees and job applicants. Those requirements were the subject of a recent letter by FTC staff to a California company.

Compliance 78

Compliance California Policies Regulation 78

South State Correspondent

SEPTEMBER 11, 2015

To those innocent victims in the Towers, their families, friends and the public service workers that gave their lives 14 years today - We will never forget. To the military and government workers that showed the terrorist our response - that you for your service. . .

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SWBC's LenderHub

SEPTEMBER 10, 2015

It’s not often that you hear about a credit union doing something technologically innovative on the national news—if ever. But, how often do you hear about a technology firm offering innovative financial services? If you answered, “about five minutes ago,” you’ve definitely been paying attention.

Fintech 69

Fintech National Innovation Technology 69

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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

ABA Community Banking

SEPTEMBER 11, 2015

As models proliferate in all banks, regulators demand detailed process to police them ALCO Management Duties Risk Management Operational Risk ALCO Beat.

Risk Management 69

Risk Management Management Meeting Regulation 69

CFPB Monitor

SEPTEMBER 11, 2015

Barbara S. Mishkin. The CFPB, together with the DOJ, has filed a second amicus brief in Spokeo, Inc. v. Robins , the case pending before the U.S. Supreme Court in which the issue is whether a plaintiff who cannot show any actual harm from a violation of the Fair Credit Reporting Act (FCRA) nevertheless has standing under Article III of the U.S. Constitution to sue for statutory damages in federal court.

Exercises 78

Exercises Report Operations 78

Banking 2020

SEPTEMBER 9, 2015

By Tom White, CEO & Co-Founder, iQuantifi. Graduation season has come and gone, thrusting thousands of wide-eyed graduates into the real world in search of their first job. In addition to earning a salary replete with benefits, graduation marks the first time that many millennials will need to set a budget, create short and long-term financial goals and set financial priorities.

Millennials 61

Millennials ATM Survey Marketing 61

Your Full Potential

SEPTEMBER 9, 2015

Allegedly, when John Adams met George Washington for the first time just prior to the outbreak of the Revolutionary War, he turned to a colleague and told him that Washington “would be leading something someday.” We all know how that went. Some people are natural born leaders. I truly believe this. Of course, there is another viewpoint that leadership has to be learned.

Leadership 61

Leadership Washington Strategy Course 61

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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

SEPTEMBER 11, 2015

Even if whiskey & soda and bourbon & soda both make you drunk, it’s not the soda Compliance Blogs UNconventional Wisdom CFPB.

Policies 71

Policies Compliance 71

CFPB Monitor

SEPTEMBER 9, 2015

Barbara S. Mishkin. A Florida federal district court has entered a preliminary injunction against several companies and an individual who were named as defendants in a complaint filed by the CFPB in August 2015 charging them with violations of the Consumer Financial Protection Act (CFPA) and Telemarketing Sales Rule (TSR). The complaint alleges that the defendants operated debt relief businesses that charged advance fees in violation of the TSR.

Company 73

Company Florida Operations 73

Banking 2020

SEPTEMBER 7, 2015

In 2012, the city of New York passed legislation known as the Responsible Banking Act. There was plenty of complexity, but at its heart the law set up a local board to review segments of the banking industry every two years, specifically to evaluate how financial services institutions with more than $6 billion in city deposits are doing their part to help less fortunate communities.

New York City 58

New York City New York Community Industry 58

Bankelele

SEPTEMBER 10, 2015

Tracking changes compared to five years ago. Gotten Cheaper. Utilities: An electricity in June 2015 showed that consumers incurred costs of 251(US) cents per kilowatt hour, and forex adjustment ones of 40 cents per kwh. Five years ago it was 340 cents per kwh while forex was 57 cents per kwh. Communications: Call rates are between Kshs 2 – 4 per minute, compared to Kshs 8 five years ago, and SMS are now Kshs 1.

Branding 36

Branding US Mobile Industry 36

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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