South State Correspondent

DECEMBER 1, 2015

A couple of weeks ago we discussed how quantitative banks can win more loan business by going after the two ends of the credit spectrum(usually Grade 2 and Grade 5 loans) that most community banks misprice ( HERE ). In that article, we show how banks that utilize a credit model have a distinct advantage against banks that don’t leverage a model particularly vulnerable in losing high-quality (Grade 2-type) borrowers.

Community Bank 192

Community Bank Community 192

Abrigo

DECEMBER 4, 2015

Sageworks banking industry experts are winding down a busy year of disseminating information and facilitating discussions on regulatory changes, such as the FASB’s upcoming move to the current expected credit loss model (CECL), and on best practices for portfolio risk management and credit analysis. Sageworks consultants have hosted and spoken at roughly two dozen regional and national events and industry conferences attended by hundreds of banking and credit union executives, regulators and ind

North Carolina 150

North Carolina Ohio DC Regional 150

Finer Points

NOVEMBER 30, 2015

The following op-ed originally appeared Nov. 9 on American Banker’s BankThink blog. It is no wonder that the banking industry strongly opposes the Financial Accounting Standards Board’s proposed reforms to loan-loan loss reserve calculations. The proposal would force community banks, in particular, to completely overhaul their approach to lending. Even some FASB members and more […].

Community Bank 147

Community Bank Community Lending Industry 147

Celent Banking

NOVEMBER 30, 2015

Fintech is booming. In 2013, according to a report by Accenture and CB Insights , total investment into Fintech was just less than $4 billion. By 2014 it ballooned to more than $12 billion globally, with 750 deals. Many are claiming the death of traditional banks, but I´m not sure these claims have merit. Banks are surely slow to move with trends, but the barriers to entry act to partially insulate the industry from rapid disintermediation.

Fintech 116

Fintech Report Innovation Trends 116

Advertisement

With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.

Analysis

South State Correspondent

DECEMBER 3, 2015

Hopefully, your bank has pulled all your advertising and major marketing campaigns around products for the months of November and December as those two months are the most ineffective to promote bank products. Not only are people and businesses distracted during those times, but banks have to compete against a barrage of other advertising and marketing messages from retailers.

Marketing 190

Marketing Analytics Retail 190

Insights on Business

DECEMBER 3, 2015

For years, the primary sources of information about customers for banks – indeed, for most industries – were databases of structured data that fit neatly into rows and columns. Think transactions, account opening and closings, different kinds of accounts (checking, savings, investment) and the amounts therein. It was easy to discern the who and the what within this structure.

Data 112

Data social media Trends Training 112

CFPB Monitor

DECEMBER 4, 2015

Wendy Tran and Richard J. Andreano, Jr. The CFPB released the Home Mortgage Disclosure (Regulation C) Small Entity Compliance Guide on December 1, 2015. According to the CFPB, the purpose of the Compliance Guide is to provide an accessible summary of Regulation C, in light of the final rule amending the Home Mortgage Disclosure Act (HMDA) which we summarized here.

Compliance 73

Compliance Resources Regulation Data 73

South State Correspondent

NOVEMBER 30, 2015

It is December, which means many travelers will be taking last minute flights in order to make sure they qualify for the next loyalty tier. Just as airlines have perfected customer engagement through loyalty tiering, so to can banks.

How To 174

How To 174

Abrigo

NOVEMBER 30, 2015

By Ryan Himmel, CPA, Founder & CEO, TaxResearchPro By now, many accounting firms have a website. Firms are motivated to have a site because other firms in the area have one and most clients expect it. Still, saying you have a website is not enough. You should be able to assess whether or not it is actually helping your firm grow. What's the purpose of your website?

Marketing Strategies 150

Marketing Strategies Strategy Taxes Resources 150

Advertisement

Download the latest edition of GoDocs' "The Lender's Guide to Automating the Complex Loan." This comprehensive guide offers financial institutions valuable insights into document automation for complex commercial loans. It unpacks the intricacies of complex loans and showcases how an automation platform like GoDocs — the leading commercial loan closing platform — delivers impressive benefits and ROI to any FI.

Lending

Insights on Business

DECEMBER 3, 2015

For years, the primary sources of information about customers for banks – indeed, for most industries – were databases of structured data that fit neatly into rows and columns. Think transactions, account opening and closings, different kinds of accounts (checking, savings, investment) and the amounts therein. It was easy to discern the who and the what within this structure.

Data 70

Data social media Trends Industry 70

Independent Banker

DECEMBER 1, 2015

Mark Mohr, Sean Kouplen, Leonard Morel, Bruce Jensen. For the second year, ICBA recognizes the exceptional work of the individual employees of community banks with its. Community Banker of the Year award program. The association accepted nominations online during the month of September, allowing anyone to recommend a community banker for consideration.

Community 70

Community Tulsa Texas Utah 70

Jack Henry

DECEMBER 2, 2015

By Lauren Gleim, lgleim@jackhenry.com. Pop Quiz : Think of five words that describe yourself. To help, here are mine: Wife. Inquisitive. (Dog) Mom. Dependable. Hiker. What does your list reveal about your identity? The words you chose likely reflect adjectives, roles or personality traits that are important to you and how you want others to perceive you.

Branding 69

Branding How To Marketing 69

CFPB Monitor

DECEMBER 3, 2015

Barbara S. Mishkin. A blog post about payday lending, “Reframing the Debate about Payday Lending,” posted on the New York Fed’s website takes issue with several “elements of the payday lending critique” and argues that more research is needed before “wholesale reforms” are implemented. The authors are Robert DeYoung, Ronald J.

Study 65

Study Lending New York Kansas 65

Advertisement

Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w

Cards

Insights on Business

DECEMBER 3, 2015

For years, the primary sources of information about customers for banks – indeed, for most industries – were databases of structured data that fit neatly into rows and columns. Think transactions, account opening and closings, different kinds of accounts (checking, savings, investment) and the amounts therein. It was easy to discern the who and the what within this structure.

Data 70

Data social media Trends Industry 70

SWBC's LenderHub

DECEMBER 1, 2015

The way financial institutions transact and communicate with borrowers has evolved, due in large part to changes in technology and a shifting consumer mindset. Likewise, as your customer base shifts to a larger number of Gen Y— or Millennials, as they're often referred—traditional forms of communication will likely fall on deaf ears. According to Entrepreneur , 85% of Millennials in the U.S. own a smartphone, so one can conclude that the best way to reach and market to this demographic is digita

Millennials 65

Millennials Groups Technology Marketing 65

Jeff For Banks

DECEMBER 1, 2015

“[Sample] Bank has reinvented banking with the opening of the [Branch of the Future]. To experience the future of banking today, simply step across the threshold.” So went the 2012 press release announcing the opening of the next generation of the bank branch. At June 30, 2014, that branch had $23 million in total deposits, down $1 million from one year ago.

Pennsylvania 60

Pennsylvania Community Bank Community Taxes 60

CFPB Monitor

DECEMBER 4, 2015

Tristram Q. Wolf. Two weeks ago, we reported on an article published by the American Banker, which alleged certain inaccuracies and flawed practices in the CFPB’s consumer complaint database, citing several current and former employees of the Bureau. This week, CFPB Director Richard Cordray wrote a sharp rebuke of the American Banker’s article, claiming that it was “riddled with inaccuracies about the database and how it works.”.

System 60

System Policies Compliance Company 60

Advertisement

Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se

Community Bank

ABA Community Banking

DECEMBER 2, 2015

Fargo Dome visit shows how “saturation events” can dam up text streams Technology Payments Blogs Beyond the Bank Mobile.

Mobile 58

Mobile Technology Payments 58

Banking 2020

NOVEMBER 28, 2015

As the US comes out of its first post-EMV liability shift months, it’s worth looking at how chip cards have evolved over the years to improve security and how lessons learnt in other countries have made smart cards more secure than ever. While EMV cards are undoubtedly more secure than traditional mag stripe cards, there have been, and continue to be, certain vulnerabilities that can be exposed by fraudsters.

Fraud 49

Fraud Cards Security Analysis 49

Bankelele

DECEMBER 2, 2015

Finally a breakthrough for depositors has been reached at Imperial Bank after 1.5 months of anguish: Kenya Commercial Bank and Diamond Trust Bank will pay depositors of Imperial Bank their deposits, up to Kshs 1 million ($,9800) each. This means that 44,300 or 89% of the banks’ depositors will get their money within a few weeks at branches of KCB or DTB.

40

40

CFPB Monitor

DECEMBER 1, 2015

Barbara S. Mishkin. As we have previously observed, banks and other companies subject to the CFPB’s jurisdiction face the possibility that the CFPB could begin using its authority under Sections 1031 and 1036 of the Dodd-Frank Act (which proscribe unfair, deceptive or abusive acts or practices) to regulate cybersecurity policies and procedures. For companies also subject to the FTC’s jurisdiction, the threat of FTC regulation of their cybersecurity policies and procedures became significantly mo

Security 60

Security Company Data Policies 60

Advertisement

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.

Course

ABA Community Banking

DECEMBER 4, 2015

Bottomline, you’ve got to fight—and show you can improve the bottomline Human Resources Management Blogs UNconventional Wisdom.

Marketing 52

Marketing Resources Management 52

Banking 2020

DECEMBER 4, 2015

Articles via PYMNTS.com, Banking Exchange, Business Insider, American Banker. MetaBank Bumps Up V-Card Strategy: MetaBank and StoneEagle struck a five-year extension of their partnership, which sees StoneEagle linking MetaBank’s Meta Payment Systems corporate clients into virtual B2B payment technologies. Going for mobility: According to a report recently issued by five Federal Reserve district banks, mobile banking may be necessary to meet the needs of customers, but FIs are still trying to d

Mobile 47

Mobile Payments Digital Banking Millennials 47

Your Full Potential

DECEMBER 1, 2015

How about if we just dive right in? Here are 10 ways to motivate, energize, and inspire your team: Don’t tell them. SHOW them. Employees (the great ones, at least) want to know the work they’re doing is making an impact. Show them results, numbers, and provide feedback that clearly communicates how valuable their efforts are. Be kind. Nobody wants to work for an autocrat.

Meeting 36

Meeting Capital Report Resources 36

CFPB Monitor

NOVEMBER 30, 2015

Barbara S. Mishkin. Director Cordray is scheduled to be a panelist at the Financial Inclusion Forum to be held in Washington, D.C. on December 1, 2015. Hosted by the U.S. Department of the Treasury and the U.S. Agency for International Development, the forum is intended to “explore ways to foster greater access to safe and affordable financial services for everyone.” Director Cordray’s panel will address “How Government Can Support Financial Inclusion.” The forum

Washington 60

Washington Industry Marketing 60

Advertisement

Discover the key benefits of portfolio loans and learn how to streamline your lending process with our infographic, "5 Things Lenders Need to Know About Portfolio Loans & Their Documentation." Find out how portfolio loans can maximize borrower potential by consolidating multiple properties under a single loan, reducing paperwork, and lowering closing costs.

Lending