Abrigo
JANUARY 28, 2015
'By Brad Spence, Director of Sageworks Valuation Solution. It’s a classic conundrum – to build versus to buy. Make dinner at home versus take-out. While there are certainly people constructing their own coffee table – measuring, cutting, sanding and staining – most will drop a bill or two on a vintage-looking wood piece to prop up our feet after a long day.
South State Correspondent
JANUARY 29, 2015
'If you want to win more loan business here is a tactic that experienced bankers know that many loan officers don’t. This should be part of every loan officers training (we work it in) and is handy to have in your back pocket for those rate-focused borrowers.
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Celent Banking
JANUARY 29, 2015
'My wife and I decided that it was time. Time to introduce our 2 daughters to a bank and open their own accounts. Our girls are old enough (ages 8 and 6) to understand what a bank is, plus they hear their daddy talk way too much about banks. So far, their birthday money has been stored in their collection of wallets, piggy banks or ziploc bags. They are no strangers to financial education as we have talked before about the different uses for money and the importance of saving.
CFPB Monitor
JANUARY 29, 2015
'Barbara S. Mishkin The American Bankers Association has sent a letter to the CFPB urging it to take down from its website its new mortgage interest rate calculator tool. The CFPB launched the new tool earlier this month, in conjunction with its highly publicized report that found nearly half of consumers do not shop among multiple lenders before applying for a mortgage loan.
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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
Abrigo
JANUARY 29, 2015
'By Natasha Closs, Director of ProfitCents Consulting & Advisory Services. An ongoing challenge for accountants and other financial services professionals is attracting new clients. In fact, bringing in new clients is at or near the top of the list of challenges facing accounting firms of all sizes, and it’s a top priority among specialists, such as forensic and valuation accountants, as well.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Celent Banking
JANUARY 28, 2015
'Yesterday Apple announced its results for Q1 2015: revenue of $74.6 billion, profit of $18 billion over the three months, apparently the largest quarterly corporate earnings of all time. While these numbers are hugely impressive, of course, the payments industry was looking for any hints of Apple Pay performance. This is what we learned: On enabling consumers: Apple sold over 74 million units of phones, mostly iPhone 6/ 6+, which is ~9 million more than expected by the investment analysts.
Gonzobanker
JANUARY 28, 2015
'Banking today is one tough contact sport. Finding revenue growth, driving efficiencies, integrating mergers and improving the customer experience are all activities full of toil and thousands of execution details. Unfortunately, alongside the real gritty world of banking, our industry regularly creates buzzwords designed to bring a new sense of optimism and future promises of a land where managing a bank won’t be so damn stressful.
Abrigo
JANUARY 27, 2015
'Following three successful years in Nashville, Tennessee, the 2015 Risk Management Summit heads to a new city this September. Bank and credit union executives and leading industry experts will convene September 23-25 in Chicago, Illinois, for the premier banking conference covering the ALLL and stress testing. Given pending changes to the ALLL as a result of the FASB’s CECL model, continued challenges within the allowance and increasing focus on stress testing , the Summit is designed to
South State Correspondent
JANUARY 26, 2015
'If your bank has ever tried to introduce an environmentally-friendly checking account, then this will resonate with you – Ask a customer in a survey would they sacrifice interest to support the environment and more than 70% of your respondents will say “yes.” At a different time, ask potential customers in a branch to actually open a green checking account, and less than 5% will do so.
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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
Celent Banking
JANUARY 26, 2015
'It’s 2015, the mid-point of the decade and a good time to start looking at major trends in Asian financial services over the next five to ten years. One of the major themes will be regional integration, which is another way of saying the development of cross-border markets. There are at least two important threads here: the ongoing internationalization of China’s currency, and the development of the ASEAN Economic Community (AEC) in Southeast Asia.
CFPB Monitor
JANUARY 28, 2015
'Barbara S. Mishkin In a new compliance bulletin (2015-01), the CFPB reminds supervised financial institutions, including nonbanks, of their obligations regarding the disclosure of confidential supervisory information (CSI). The bulletin is intended to assist supervised entities in complying with the CFPB’s regulations governing the use and disclosure of CSI (12 CFR Part 1070).
Jack Henry
JANUARY 28, 2015
'Author: Derik Sutton, DSutton@ProfitStars.com. In part one of this blog post we discussed what UI/UX is and why it’s important. In part two we will highlight some specific UI/UX influences and some best practices to consider when evaluating your digital channels. Let’s start with a UI/UX influence that you may have noticed more and more lately. Have you noticed how much the web and mobile web have been taken over by cards?
South State Correspondent
JANUARY 28, 2015
'If you’re a bank that keeps a loan pipeline report, chances are you have some excellent data that will form the basis of making your bank more efficient.
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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.
Celent Banking
JANUARY 25, 2015
'The media has been abuzz with reports of Toppan Printing’s plan to introduce an electronic system to facilitate the sale of home loans. In light of this, in this edition we want to consider straight through processing and its possibilities and implications in the financial services industry. The proliferation of bank ATMs has largely driven cash transactions from banks, bank branches, and cashier windows.
Jeff For Banks
JANUARY 24, 2015
'Prediction : The Federal Reserve''s Comprehensive Capital Analysis and Review (CCAR) and its complementary Dodd-Frank Act Stress Testing (DFAST) will meet its intended purpose, to better ensure financial institutions have sufficient capital during times of economic duress. But not why you think. If you look at Citigroup''s or BofA''s leverage ratio today versus 2006 or 2007, it is clear that they carry far more capital than before the financial crisis.
SWBC's LenderHub
JANUARY 29, 2015
'In my last post , we took a look at three financial products (prepaid cards, check cashing services, and payday loans) that are popular with Gen Y. We discussed why millennials prefer to use them and offered some ideas on how to attract and retain Gen Y with these products. In this post, I''m going to delve deeper and explore the importance of convenience.
Banking 2020
JANUARY 27, 2015
'New opportunities for economic growth are taking center-stage across the globe. Burgeoning regulations like BASEL III, individual liquidity adequacy assessment etc. and corresponding liquidity pressures, which were aimed at making the banking system shock-proof are indicating an erosion of growth in many high potential markets. This could be due to the not-so-easy availability of credit and high credit cost.
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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.
CFPB Monitor
JANUARY 28, 2015
'Barbara S. Mishkin The Financial Services Roundtable and CFPB are joining forces in a nationwide public-private initiative to promote effective financial education. According to an announcement posted on the Roundtable’s website, the CFPB and Roundtable plan to work together to facilitate the gathering and sharing of information about effective financial education strategies, to encourage adoption of financial education initiatives, especially in K-12 schools and in the workplace, and to
ABA Community Banking
JANUARY 30, 2015
'Remove the blinders, consultant advises, and build social communities Retail Banking Technology Channels.
Tomorrow's Transactions
JANUARY 29, 2015
'The relationship between the blockchain and the internet of things may turn out to be especially rich because the blockchain means that the virtual world can be constrained to be like the physical world. I happened to be looking at something Simon Dixon had written about Bitcoin and noticed that he’s included a few quotes about it from famous people.
Banking 2020
JANUARY 29, 2015
'Bitcoin is one of those things that uncertainty revolves around. While Bitcoin has become an increasingly popular option as a payment platform, there are those who still speculate that Bitcoin is on its way to the pile of other discarded fads. On the other hand, there are those that still rally for the crypto currency, citing current economic data as the premise of their argument for Bitcoins success.
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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.
CFPB Monitor
JANUARY 28, 2015
'Barbara S. Mishkin A new CFPB report entitled “Financial well-being: The goal of financial education” describes the CFPB’s initial research into how people acquire financial capability. The CFPB states in the report that it undertook the research specifically to inform financial education and improve consumer outcomes. According to the CFPB, its “overarching objective” was to determine how to define and measure the success of different financial literacy strateg
ABA Community Banking
JANUARY 27, 2015
'Show how seriously your bank takes risk management Duties Risk Management CSuite Compliance/Regulatory Community Banking.
Bankelele
JANUARY 26, 2015
'Last week, Mwalimu SACCO became the majority shareholder of Equatorial Commercial Bank (ECB), acquiring 51% of the bank for Kshs 1.6 billion (~$18 million). The acquisition was cleared after no objections were received from the Central Bank of Kenya (CBK), Competition Authority of Kenya (CAK) and Sacco Societies Regulatory Authority (SASRA). There was another objection, but not from any of the regulators, who were aware of the issues raised.
Banking 2020
JANUARY 26, 2015
'Below are interesting stories the Banking.com staff has been reading over the past week. Articles via Mobile Payments Today, Banking Exchange, The Financial Brand, American Banker and Bank Innovation. Omnichannel banking: A consumer-first, not bank-first, experience: The days of bank branches being the only way consumers could access their financial information are long gone.
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