Sat.Jun 13, 2015 - Fri.Jun 19, 2015

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Starring Into The Cost of Funding Debate – DDA, Betas and Duration

South State Correspondent

We need your help on this one. If you have a pen and paper, keep it handy as we will ask you to write down one number related to your bank. First, let’s define the concept. In statistics , the correlation coefficient is a measure of the linear dependence between two variables X and Y, with a value that ranges between +1 and −1 inclusive. A correlation of 1 is perfect positive correlation, 0 is no correlation, and −1 is a perfect negative correlation.

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Is the branch the newest digital channel?

Celent Banking

The branch is an important channel is every bank, but the risen of digital raises two questions: what’s its role in with a digital engagement model, and how should banks think about its value? First, consider some of the challenges of the traditional branch for the modern, digital consumer: Branches suffer from lack of talent availability. The best person for the job is not always going to be in the right location at right time.

Video 195
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Define your business core, then strengthen it

Abrigo

In a recent Sageworks webinar, we explored the importance of sole proprietors and small business valuation teams maintaining a strong work and life balance. This balance is, in many ways, the core of their ability to be successful in their work. Like training for a high impact sport such as football, you must have a strong physical and mental core to win.

Exercises 150
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Common Sense Prevails on Capitol Hill

Finer Points

Sometimes common sense really can prevail in Washington. It’s been known to happen before, but the latest example was the House’s recent removal of an onerous amendment that would have drastically increased IRS reporting requirements. This particular amendment would have required banks to send a 1099-INT form to any depositor who earned any amount of […].

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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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The New Year’s Countdown Small Business Account Promotion

South State Correspondent

Ahh, Summer – the taste of watermelon, the smell of BBQ and the struggle to keep from getting an iPhone-tan line as we text from the pool. We have been waiting all winter to start complaining about the summer heat and now we get our chance. Regardless of what you have planned for the dog days of summer, the season is also the time to start planning your winter account promotions.

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More Trending

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How to stress test your ag portfolio

Abrigo

According to recent data, lenders are seeing elevated agricultural loan demand largely as a result of tighter profit margins among producers. The report, from the Federal Reserve Bank of Kansas City , stated that demand could remain high since futures markets for fall crops show prices are likely to remain low because of the potential for another record harvest.

How To 150
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Establish Your Seal Team 6 – Use Data to Leverage High Performers

Gonzobanker

The notoriety of Seal Team 6, also known as the Naval Special Warfare Development Group (DEVGRU), hit center stage in recent years with missions all over the world resulting in publicity, books and movies. The team comprises the Navy’s best of the very best. It is so exclusive that the highest performers have to be invited just to participate in an exhaustive tryout that lasts several months.

Data 102
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Using Personal Combined Balances for Business Accounts

South State Correspondent

Only an estimated 60% of banks allow customers to use combined balances of multiple products (both other deposit accounts and/or loans) to offset minimum balance requirements or average balance requirements in order to have their monthly account fees waived. Very few community banks allow personal/retail accounts to contribute to the combined balance requirements of their business accounts.

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Digital Bank or FinTech? You’re not a digital bank…

Banking 4 Tomorrow

If you listen to the Breaking Banks AM Radio Show today (also available via stream and podcast) you’ll hear a spirited rematch of the Great Digital Banking Debate that Michal Panowicz and I had on Twitter a few weeks ago. The debate concluded with a split decision – Twitter declaring the FinTech team the winner, […].

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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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Five Ideas to Build an Accountability Culture at Your Bank

Jeff For Banks

I recently spoke at the ABA CFO Exchange in Nashville on building an accountability culture. Talking banker accountability to a room full of CFOs is like a politician telling senior citizens that Social Security benefits should remain untouched. It was a friendly audience. I tried to be provocative. For example, it has been my experience that when discussing accountability, CFOs sometimes fall into the trap of talking about other departments.

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CFPB issues seventh Semi-Annual Report

CFPB Monitor

Barbara S. Mishkin. The CFPB has issued its seventh Semi-Annual Report to the President and Congress covering the period from October 1, 2014 through March 31, 2015. The 190-page report recycles information from previously-issued CFPB reports and reviews ongoing and past developments, all of which we have already covered in previous blog posts. By way of aggregate statistics, the report indicates that in the six-month period it covers, CFPB supervisory actions resulted in financial institutions

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Why 3 and 5-Year Loan Maturities May Not Be The Best Idea

South State Correspondent

If truth be told, banks think very little on where to set their commercial loan maturities. That could be a mistake as setting maturity not only impacts credit and liquidity risk, but also has a significant impact on profitability. Today, we will step through two different loan structures to demonstrate the difference in both credit risk and risk-adjusted return.

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Banking Better Than Before

Jack Henry

Author: Craig Laures, CLaures@profitstars.com. Banking professionals are always looking for a way to “do better.” Doing better comes in many shapes and sizes. To some, banking better might mean improved earnings, innovation, enhanced risk mitigation, growth or expansion, and new lines of business. To others it could mean the opportunity to further serve a greater good or additional giving to charitable programs.

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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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Before You Freak About Google’s Mobile Update, Read This

SWBC's LenderHub

If you keep up with current events, you may have heard the buzz about Google’s new mobile-friendly update. It essentially makes mobile optimization a bigger factor in determining how highly you will be ranked in Google's search results. And, if you haven’t read beyond the apocalyptic-sounding headlines, you may be thinking, “oh %^&*! We need to make our site mobile NOW before our site falls off the face of the Earth (as far a Google is concerned)!

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CFPB blinks on TRID rule effective date

CFPB Monitor

Richard J. Andreano, Jr. CFPB Director Cordray issued a statement yesterday afternoon indicating that the CFPB will propose to delay the effective date of the TILA/RESPA Integrated Disclosure (TRID) rule until October 1, 2015. The CFPB has previously resisted calls from industry and lawmakers for a delay in the TRID rule’s scheduled August 1 effective date.

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Our Vote For The $10 Bill

South State Correspondent

Who fits the "bill" for the new ten? In case the US Treasury asks, we are ready. .

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Cyber, other tech risks shadow boardrooms

ABA Community Banking

Strategic planning increasingly dominated by tech discussions Blogs Community Banking Blog CSuite Community Banking.

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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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After The Planning: 3 Things To Do NEXT

Your Full Potential

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. But they still need to be informed about the organization’s performance and benchmarks and time must be carved out to have this important discussion.

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New report shows negative effect of CFPB’s contemplated payday loan proposals on credit availability

CFPB Monitor

Barbara S. Mishkin. A new report prepared by Charles River Associates for the Community Financial Services Association of America (CFSA) found that the CFPB’s contemplated proposals for payday (and other small-dollar, high-rate) loans would cut small payday lenders’ revenues by 82 percent on average, potentially forcing these lenders to close many existing stores.

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This Week’s Reads: Bank, Biometrics, Financial Literacy

Banking 2020

Below are interesting stories the Banking.com staff has been reading over the past week. Articles via CircleID, Huffington Post, Biometric Update.Bank launches with a bang: General availability for.bank starts on June 23 rd and it looks like there is already high interest in the domain name. Moving from financial literacy: Only 58% of college students reported they felt prepared to manage money while in college.

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New cyber security tool in works by OCC

ABA Community Banking

Comptroller calls for public/private collaboration Risk Management Cyberfraud/ID Theft.

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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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Delve into The EastAfrican 

Bankelele

#TEAat20 #TEA@20. The EastAfrican has several sections, as outlined in the app, and that is what makes reading it so interesting to read every week. The first is the news section. It’s a newspaper after all, but one with a difference. While Kenyan newspapers have screaming headlines about the opposing political factions or a shocking crimes, the East African is analytic from the headline onwards.

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Company that entered into CFPB consent order loses motion to dismiss class action

CFPB Monitor

Barbara S. Mishkin. A California federal judge has rejected the attempt of Castle & Cooke Mortgage, LLC, the mortgage company that entered into a consent order with the CFPB in November 2013 to settle charges that it violated the Regulation Z loan originator compensation rule, to dismiss two counts of an amended class action complaint filed against it by a consumer who received redress under the consent order.

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Strategic Planning: 3 Tips for Success

Your Full Potential

3 Considerations for Strategic Planning. The best organizations plan. They do so meticulously. It is an ongoing process for many. However, despite its ongoing nature, there is also a need for a focused meeting or session of some kind. The best organizations and companies know this. They understand that if they’re not planning….they’re not growing.

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Mobile payment adoption—not so fast

ABA Community Banking

Should already be mainstream, based on previous predictions Payments Mobile.

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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.