South State Correspondent

DECEMBER 29, 2014

'The new bank application department at the FDIC was a little slow in 2014. Before the recession, it was common for the FDIC to get 250 applications per year and approve 159 of those. In 2014, only Primary Bank (in organization) filed an application (still pending). Part of the issue is that if you are crazy enough to want to start a bank you are probably too dysfunctional to handle the management of a bank.

FDIC 223

FDIC Management 223

Celent Banking

DECEMBER 30, 2014

'Everyone in banking is talking about “Digital.” Celent has hosted fascinating roundtables on the topic, and it’s the basis of one of our three themes. And yet, there’s a startling lack of consensus on what Digital means. There’s a famous proverb of a group of people in a dark room who touch different parts of an elephant; each describes a completely different experience.

Digital Banking 199

Digital Banking Retail Groups Report 199

Abrigo

DECEMBER 29, 2014

'The benefits of segmentation within the Allowance for Loan and Lease Loss calculation are many. Institutions can gain more insight into sub-segmented performance, conduct more sophisticated loss methodologies such as migration analysis and can make better-informed lending decisions over time. However, as the old adage goes, there certainly can be “too much of a good thing,” and a tipping point exists in which institutions run the risk of over-segmentation.

Handbook 150

Handbook Analysis Risk Management Management 150

Jeff For Banks

DECEMBER 28, 2014

'Thank you, my readers, for taking the time to read Jeff For Banks. I appreciate all of you. If you were curious why I enjoy working with community financial institutions, below is my weak attempt at explaining myself. Hey, I recorded while on vacation, so there''s that! But the over-riding message is: Let''s go get the big boys in 2015! Happy New Year everyone!

Community 95

Community Community Bank Groups 95

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South State Correspondent

DECEMBER 30, 2014

'Early this year, we strongly recommended that banks changing their mindset when it comes to protecting against hackers ( HERE ). Instead of thinking of IT perimeter security, banks need to assume the bad guys are going to get through their perimeter defenses and need to design their system in order to compartmentalize information. We even provided banks our cyberattack plan that would have been helpful for any bank that found themselves in Sony’s loafers.

System 207

System Security 207

Abrigo

DECEMBER 27, 2014

'An accountant''s workload is much more than just tax preparation and number crunching. According to a 2014 IBISWorld report, financially-cognizant companies are increasingly turning to their accounting firms for advice on how to reduce inefficiencies in daily operations and eliminate unnecessary costs. Because accountants are among the most trusted business professionals, this puts them in a positive light for offering additional advisory services to clients.

Compliance 150

Compliance How To Taxes Operations 150

ABA Community Banking

JANUARY 1, 2015

'SNL Report: Network trims help chop efficiency ratio by four percentage points Management Financial Trends Retail Banking Channels.

Trends 80

Trends Retail Management Report 80

CFPB Monitor

DECEMBER 29, 2014

'Alan S. Kaplinsky “Waiting for the CFPB’s arbitration study” isn’t the title of a new play but it does describe the study’s status as we enter the final hours of 2014. Since the CFPB sent letters to payday lenders in August 2014 demanding copies of certain of their standard loan agreements for use in connection with the arbitration study, I have been skeptical about continued statements from CFPB officials that the study would be completed by the end of 2014.

Study 74

Study Data 74

Banking 2020

DECEMBER 30, 2014

'It may be tempting the fates to even ask, but here are some critical questions heading into 2015: Are we poised to enter an economic boom? Could we even be hearkening back to the ’90s—a time of raging entrepreneurialism, virtually full employment and widespread investments? And is the banking industry set to be both the primary driver and a major beneficiary?

Course 66

Course Marketing Industry Regional 66

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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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Tomorrow's Transactions

DECEMBER 29, 2014

'A national digital money system may well be the best way to solve the big problem of small change, but beware the warnings from history! The topic of currency popped up again this week because I happened to see a tweet from one of my favourite AFC Wimbledon fans, the Sky economics editor, Ed Conway. He was commenting on some of the ongoing troubles in Greece.

System 53

System National US Mobile 53

ABA Community Banking

DECEMBER 28, 2014

'New attacks take shape as old threats persist Risk Management Blogs Making Sense of it All Cyberfraud/ID Theft.

Risk Management 89

Risk Management Management 89

CFPB Monitor

DECEMBER 29, 2014

'Barbara S. Mishkin Adjustments to two asset-size exemption thresholds were published by the CFPB in today’s Federal Register. First, the CFPB has increased the asset-size exemption threshold under HMDA/Regulation C which is currently set at $43 million. Banks, savings associations, and credit unions with assets at or below $44 million as of December 31, 2014 are exempt from collecting HMDA data in 2015.

Regulation 74

Regulation Meeting Operations Data 74

Jack Henry

DECEMBER 30, 2014

Security 102

Security Online Mobile 102

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The Emmerich Group

JANUARY 2, 2015

'You’ve decided to create and implement a killer strategy. So where do you look for ideas? There are hundreds of tried and true strategies out there. Some have taken companies from just marking time to the big time in no time. But which ones should you consider? Why not consider all of them? Too many companies won’t even consider strategies outside of their own industry.

Strategy 28

Strategy Industry Company Innovation 28

ABA Community Banking

DECEMBER 31, 2014

'Chilling effect? Or extreme performance incentive? Compliance Risk Management Blogs Common Sense Compliance BSA/AML Compliance/Regulatory.

Compliance 69

Compliance Risk Management Management 69

CFPB Monitor

DECEMBER 29, 2014

'John L. Culhane, Jr. In an effort to build support for the Department of Defense’s proposal to significantly expand Military Loan Act coverage, the CFPB has released a report entitled “The extension of high-cost credit to servicemembers and their families.” The DoD proposal would revise the scope of “consumer credit” subject to MLA restrictions to include, regardless of term or amount, all payday loans, vehicle title loans, refund anticipation loans, deposit adva

FDIC 68

FDIC Analysis Study Policies 68

The Financial Brand

DECEMBER 30, 2014

'Advanced analytics allows banks and credit unions to reduce costs, increase revenue, eliminate risks and improve the consumer experience.

Analytics 29

Analytics Big Data Data Marketing 29

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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.

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Fintech Labs Insights

DECEMBER 31, 2014

'For the past 10 years, I''ve done a year-end post looking at holiday promotions at the largest U.S. banks. And surprisingly, fewer banks than anytime since 2004 were running holiday messages in the days before Christmas. This year, only four of the 20 largest banks referenced the holidays on their homepages. That compares to nine banks last year , eight in 2012 , and 10 in 2011.

Maine 23

Maine Cards Florida Capital 23

ABA Community Banking

JANUARY 2, 2015

'There’s a world of help out there for helping our world Blogs UNconventional Wisdom Viewpoints Revenue.

59

59

Social Assurance

DECEMBER 31, 2014

'Tonight you may sing, or at least listen to the familiar New Year’s Eve tune “Auld Lang Syne” meaning, “long long ago”. In this social media-driven world, just what is long long ago? What is important for social media marketers is the habits they form. Because these traditions are born from habits that are celebrated. 1996: Nokia released the 9000 phone with a QWERTY keyboard.

social media 12

social media Trends Mobile Strategy 12

The Financial Brand

DECEMBER 29, 2014

'Cross-selling in banking requires the use of customer analytics to build appropriate offers and deliver effective communication.

Analytics 24

Analytics Strategy 24

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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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Abrigo

JANUARY 1, 2015

'Some of the biggest banking stories in 2014 centered on massive data breaches at top retailers, M&A activities, and regulatory changes like the IASB’s IFRS 9 Financial Instruments. And, as is the case with every year’s end, the media has speculated on what could make headlines in 2015. American Banker recently touched on a potentially interesting trend within their roundup of the 10 big ideas for banking in 2015 – the concept of financial institutions developing their own

Management 163

Management Compliance Regulation Data 163

ABA Community Banking

JANUARY 1, 2015

'SNL Report: Recent legislation will help community banks make standards Management Financial Trends CSuite Community Banking.

Community Bank 53

Community Bank Community Trends Management 53

ABA Community Banking

DECEMBER 30, 2014

'Future line of business reaches critical inflection point reached for Management Lines of Business Payments.

Payments 58

Payments Management 58

ABA Community Banking

DECEMBER 30, 2014

'Many blame retailers while failing to take basic actions themselves Payments Risk Management Online Cards Cyberfraud/ID Theft.

Risk Management 49

Risk Management Retail Cards Online 49

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