South State Correspondent

APRIL 23, 2015

Bankers are faced with loan pricing decision each and every day. Many bankers have a good intuitive sense of loan pricing, however, in today’s ultra-competitive environment being able to verify the gut feeling with a quantitative model can be very comforting. This week we introduced Smart Loan Express , our new risk-adjusted relationship pricing model (priced to start at $80 per month for any size bank) and when we did, we discovered that many bankers have a misconception of what a pricing mod

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Abrigo

APRIL 23, 2015

'A new bill proposed on April 16 aims to increase the exam cycle period for a larger pool of community banks. The bill, spearheaded by Senator Joe Donnelly, D-Ind., and Senator Pat Toomey, R-PA., would make more banks eligible for an 18-month exam cycle as opposed to the norm of a 12-month schedule. OCC guidance on Community Bank Supervision states all national banks must receive a full-scope, on-site exam at least annually.

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Community Bank Community Survey FDIC 150

Jeff For Banks

APRIL 19, 2015

'If you were asked what one industry trend will change the face of banking forever, what would you say? I did that very thing to dozens of bankers that attended their respective state banking associations'' Executive Development Programs (EDP). And their answers gave me a more positive outlook for our future. I teach Bank Profitability for the Washington, Utah, and Montana Bankers'' Associations EDP programs.

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Jack Henry

APRIL 22, 2015

'Author: Eric Wilson, ewilson@profitstars.com. Wearable technology is all but certain to become a big factor in how people interact with the world around them. And, with the Apple Watch scheduled to begin shipping later this week, this evolution seems likely to happen very quickly. Of interest to banks and credit unions, experts expect payments to be one of the applications particularly suited to wearable devices.

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Payments Apple Mobile Technology 86

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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

APRIL 20, 2015

'In branch banking, there was always the dilemma in gathering customers. The number of customers a branch would attract was a mathematical function based on location of the nearest competing branch, services/products, brand and price. All things being equal, customers tend to choose the branch that is the closest. Lower the price of a product, increase the brand value (marketing) or offer some unique services/products, and a branch could pull from a wider service area and increase market share.

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Technology Branding Marketing 214

Banking 2020

APRIL 22, 2015

The level of hype surrounding wearable technology almost seems undeserved, particularly given the relative lack of adoption. Sure, there are cool new devices emerging on a regular basis, the early adopters are like kids in a candy store, and it’s already had a big effect in activities like fitness. But for a discipline that’s actually been around for quite a while—an eternity in tech time—it’s surprising how few people have embraced the new capabilities.

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Policies Exercises Trends Technology 79

CFPB Monitor

APRIL 24, 2015

Anthony C. Kaye. Despite the CFPB’s efforts to build support for the Department of Defense’s proposal to significantly expand Military Loan Act coverage, it now appears that the proposal may be put on hold. The DoD proposal would revise the scope of “consumer credit” subject to MLA restrictions to include, regardless of term or amount, all unsecured open-end lines of credit, credit cards, payday loans, vehicle title loans, refund anticipation loans, deposit advance loans, and installment l

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National Cards Report Industry 76

South State Correspondent

APRIL 22, 2015

On this Earth Day, we are happy to report that doing right by the Earth can also help your borrowers and shareholders. When you underwrite your next loan on a commercial property, it might make sense to understand the property’s “walkability” or ability to walk from the property to nearby amenities such as public transportation, markets, parks and shops.

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Retail Marketing Report 203

Abrigo

APRIL 21, 2015

'Loan review is a periodic review of bank and credit union loan portfolios in order to gauge their overall risk profiles. The assessment of loan portfolio quality is then provided to senior management and the board of directors. This assessment often provides an early warning of deterioration (s) in credit quality and allows management to take steps to mitigate the risks.

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Training Guidelines Study Policies 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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Banking 2020

APRIL 23, 2015

Today’s successful banking institutions must quickly adapt to dynamic business environments, deploy new technologies, and deliver consistent online services to meet their customer’s needs – anytime, anywhere, and with whatever device they choose. Success for banks will in large part, be based on their data center and networking infrastructure.

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Online Compliance Data Operations 75

ABA Community Banking

APRIL 22, 2015

'While some banks embrace new tech, many lag Management Lines of Business Technology CSuite.

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South State Correspondent

APRIL 21, 2015

'CenterState Bank needed a risk-adjusted pricing model that can go into the field and speed up the sales process. The goal was to not only have a state-of-the-art model that uses live credit, interest rate and prepayment information but gives the lender confidence that the loan is competitive in the market and can get internally approved. We also needed the application to be easy to use and available on laptops, tablets and smartphones.

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Abrigo

APRIL 20, 2015

'Much like peanut butter and jelly, social media and content marketing are two things that go together in the world of forward-thinking marketers and business owners. So how does a firm get started using social media to build their valuation practice? Given the competing pressures on business valuation professionals or accounting firms that have developed this area of the business, neither of these two topics are likely to take high priority on your daily to-do list.

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social media Marketing Groups Leadership 150

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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.

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Banking 2020

APRIL 21, 2015

'One of the great benefits that technology brings financial institutions and consumers alike is the ability to streamline processes. We recently spoke with Paul Socia, President and CEO at Miramar Federal Credit Union to discuss how his credit union is using technology to do just this. In a few sentences, can you tell us a bit more about Miramar Federal Credit Union?

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US Technology California Customer Experience 63

ABA Community Banking

APRIL 21, 2015

'More banks find it possible to get past security questions, where other factors come into play Technology Risk Management Outsourcing/Cloud Operational Risk.

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Security Risk Management Operations Management 62

The Emmerich Group

APRIL 23, 2015

'How do you get people to do what they’re supposed to do—not sometimes, not sorta, but consistently and for real? This month I met an executive who said something that shocked me. He said that only 40 percent of their people are meeting their goals. FORTY percent!!! Yikes. Imagine what it does to the bottom line to let 60 percent of people off the hook from doing what they are expected to do.

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How To Meeting Management Course 28

Fintech Labs Insights

APRIL 24, 2015

This week, Capital One launched a national marketing promotion with Uber that provides a 20% rebate on rides for one year. And unlike many (most?) card offers, it's good for both new and existing Capital One customers. However, it applies only to the bank's Quicksilver cash-back card, so I'm out of luck with my Capital One Venture card. But they did throw us non-Quicksilver customers a bone yesterday, with an email ( see below ) offering two free Uber rides (up to $30 each).

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Capital Cards Analysis America 24

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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

Banking 2020

APRIL 24, 2015

Below are interesting stories the Banking.com staff has been reading over the past week. Articles via Mobile Payments Today, BAI Banking Strategies, The Financial Brand, Bank News. Study: improved security is key to success for mobile banking: A recent survey from RateWatch revealed that while mobile banking may be struggling to attract new customers, those already using it are doing so more often.

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Millennials Innovation Security Mobile 46

ABA Community Banking

APRIL 21, 2015

'What are you going to do about it? Risk Management Blogs Beyond the Bank Cyberfraud/ID Theft.

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Data Risk Management Management 66

The Financial Brand

APRIL 19, 2015

'Could the Apple Watch or other wearable technologies be the branch of the future for an expanding universe of digital consumers?

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Apple Technology Payments 23

Celent Banking

APRIL 23, 2015

*As mentioned in an earlier blog, the persistence of the “branch is dead” debate seems to be to betray the deeply invested interests on each side of the debate. In many financial institutions, digital and physical channels still have separate reporting structures (Figure 1). In Celent’s October 2014 survey of North American financial institutions, we found that less than a third of responding FIs have a single person responsible for all delivery channels.

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Survey Mobile Millennials ATM 183

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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.

Lending

Tomorrow's Transactions

APRIL 23, 2015

'[Neil McEvoy] A blockchain solution, as many people have observed, is best suited to environments where there are a great many actors, some of whom may be untrustworthy. Such as, for example, financial services markets. A British man, Mr Navinder Singh Sarao has been arrested , and faces extradition to the United States, accused of market manipulation, allegedly causing a 1,000 point drop in the Dow Jones index in 45 minutes and leading to personal enrichment to the tune of $40 million from tha

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blockchain Marketing Examples United States 43

ABA Community Banking

APRIL 22, 2015

'Owning “cool,” can they eclipse banks on trust and privacy too? Retail Banking Payments Customers Mobile.

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Retail Mobile Payments 54

The Financial Brand

APRIL 20, 2015

'The Financial Brand highlights a dozen creative and beautifully designed projects from CUNA''s 2015 Diamond Award winners.

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Marketing Branding 21

Celent Banking

APRIL 21, 2015

One of the great advantages of being a Celent analyst is that we’re able to look at banking advances around the world and share what we learn with our clients and readers. This week I’d like to focus on a few interesting developments in the United Kingdom. The unifying theme this time around is innovation linked only by geography. Barclays’ Blue Rewards.

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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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