Sat.May 16, 2015 - Fri.May 22, 2015

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Projected Probabilities of Default In The Golden Age of Commercial Credit

South State Correspondent

The 20’s and 30’s were known as the Golden Age Of Aviation and today is a particularly special day in aviation history as it marks the 88 th anniversary of Charles Lindbergh becoming the first person to fly across the Atlantic and the 83 rd anniversary of Amelia Earhart doing the same in the first female solo transatlantic crossing. In similar fashion, we are in the Golden Age Of Commercial Credit and today marks the day when commercial credit has never been better in the history of banking.

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How will the Apple Watch and other tech evolutions impact banking?

Abrigo

That five-inch screen is ready to move to your wrist, and, perhaps surprisingly, that affects a lot more than just your wallet. It’s not just the technology industry that is constantly evolving – many other industries must also remain adaptable to the changing landscape of the American consumer. One such industry is banking. While many bank and credit unions are consistently updating their financial technology behind the scenes to ensure smooth back-end processes, tech upgrades for consumer-faci

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Same-day ACH: is anyone excited?

Celent Banking

This week’s NACHA vote in favor of mandatory rules changes enabling same-day ACH settlement is no surprise. Some of the press coverage suggests this represents some sort of significant achievement. Really? By March 2018 (when the network is currently expected to be able to fully support systemwide changes) I predict there will be industrywide consensus on the inadequacy of the measure.

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Does Your Tech Plan Pass the Sniff Test?

Gonzobanker

Following some longstanding Federal Financial Institutions Examination Council guidance, examiners are making sure banks have technology plans and that these plans meet the regulations. As a result, banks are taking a hit from examiners at a rate that rivals door dings in an outlet mall parking lot. About 70% of banks I’ve worked with do not have a strategic technology plan that will pass muster in their next regulatory exam.

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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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How to Motivate Lenders

South State Correspondent

Larger banks are paying their lending staff higher compensation than smaller competitors are paying their teams. The difference in the same market, similar seniority and position can be as much as 100% when factoring salary, bonus, profit sharing and stock incentives. It can be difficult for a community bank to attract the lending talent it needs, but we point out that many community banks are succeeding by investing in their culture and building an environment that goes beyond traditional com

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More Trending

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Blind Spots in Banking: Fraud, Branches & the Brains of Gen Y

Jack Henry

Author: Lee Wetherington, lwetherington@jackhenry.com. Bankers often fancy themselves “numbers people”. Interest rates. Balance sheets. Performance metrics. Bankers will calculate a Return on Anything (ROA) and Everything (ROE). So, if there is a subset of our species who are rational, surely it’s bankers. Right? Wrong. Bankers are no more rational than the rest of us.

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CFPB Holds a Field Hearing on Student Loan Servicing Issues

CFPB Monitor

Jon T. Pearson. On May 14th, the same day that the CFPB launched a public inquiry into student loan servicing loan practices (the “Request for Information”), the CFPB held a public field hearing in Milwaukee, Wisconsin to address issues with the student loan servicing industry. After a brief introduction by Zixta Martinez, Assistant Director of Community Affairs for the CFPB, Under Secretary of the U.S.

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Should Your CRE Concentration Concern You?

South State Correspondent

If you are a large bank, the share of commercial real estate (CRE) as a percentage of your balance sheet is likely slightly less than 5%. However, if you are a community bank, the share is likely over 20%, and growing. Even when viewed as a percentage of Tier-1 capital, larger banks hold about four times for commercial real estate exposure. That is a pretty big difference and CEOs (plus risk managers) should at least be asking the question as to why. .

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What to consider when pricing business valuations

Abrigo

A recent survey by Pepperdine University found that 64 percent of business owners intend to transfer their ownership interests within the next 10 years. For those considering selling their business, a valuation professional could be seen as friend or foe – either delivering the good news that their business is worth what they anticipated (or more), or possibly relaying a much-needed wake-up call.

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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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Bank Board Reports: War and Peace or Cliff Notes?

Jeff For Banks

Today, Board reports closely resemble War and Peace. Why? The same reason regulators focus on the little things. to CYA! We don't want to be criticized that our Board was uninformed, so that little embarrassment about the audit exception that turned into employee fraud is on page 262 of your Board report. You mean you didn't see it? That's on you, fella.

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CFPB launches financial coaching initiative

CFPB Monitor

Barbara S. Mishkin. The CFPB has announced the launch of its Financial Coaching Initiative which targets. recently-transitioned veterans and economically vulnerable consumers. (The CFPB first announced its plans for launching the program in 2013, at which time it was expecting a 2014 launch date.). The CFPB is calling the Financial Coaching Initiative its first program paid for by the CFPB’s Civil Penalty Fund (CPF).

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The Disaster Banking Account

South State Correspondent

For banks looking to help their communities plus expand their relationship with their local county municipality, the Disaster Account Set (DAS) is an underutilized product with a strong and growing need. For any given disaster, be it a hurricane, earthquake, tornado or other event that displaces a material section of the population, there is an outpouring of support and donations.

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FI Highlight: East River Bank

Banking 2020

Banks and credit unions alike often find themselves wondering how they can further connect with their local communities. In this FI Highlight, Christopher McGill, president and CEO of East River Bank in Philadelphia, discusses how his bank’s marketing initiatives are helping to drive community engagement. In a few sentences, can you tell us a bit more about East River Bank?

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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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Cyber war escalates

ABA Community Banking

Risk-tech investment to zoom, and bad guys go “a-whaling” Risk Management Blogs Making Sense of it All Cyberfraud/ID Theft.

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U.S. Dept. of Education proposes new restrictions on campus financial products

CFPB Monitor

John L. Culhane, Jr. The U.S. Department of Education has issued proposed revisions to its Title IV Higher Education Act (HEA) cash management rules that include significant new restrictions on financial products used to disburse credit balance funds to students. Credit balances result when the amount of Title IV HEA program funds credited to a student’s account exceeds the amount of tuition and fees, room and board, and other allowed charges.

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Finovate Showed That Fintech is Becoming Personal. Will Banks Have the Confidence to Be “Creepy” Too?

Javelin Strategy & Research

Every few years I like to go back and re-read a clever little article called Imagining the Google Future. In 2006, CNN tapped a group of tech gurus and futurists to cook up four visions for the company’s evolution. With a decade of hindsight, a few of the details look a bit silly. But on the whole the article actually has aged well and they got quite a bit right: Chrome quickly dethroned IE and Firefox.

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Are You Walking On Eggshells?

Your Full Potential

You’ve probably seen posts on Facebook about how people hate going to work. Or their boss sucks. Or they feel like they’re stuck. I saw a post recently from one of my friends that got me thinking. She said, “why do I tolerate the ongoing feeling that I have to walk on eggshells at my company? It feels like I can’t say or do anything right.” I replied to her post with a simple question, “why DO you tolerate it?”.

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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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Can IoT recapture customer relationships?

ABA Community Banking

“Internet of Things” could put banks back at center stage Management Blogs UNconventional Wisdom CSuite.

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FDIC to hold teleconference on CFPB mortgage rules

CFPB Monitor

Barbara S. Mishkin. The FDIC’s Division of Depositor and Consumer Protection will hold a teleconference on. May 21, 2015 on implementation of the CFPB’s mortgage rules. FDIC staff will share observations made by FDIC examiners during initial examinations since the rules became effective in January 2014. In addition, FDIC staff will highlight a number of practices currently used by some institutions to ensure compliance with the mortgage rules.

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Finovate Showed That Fintech is Becoming Personal. Will Banks Have the Confidence to Be "Creepy" Too?

Javelin Strategy & Research

Every few years I like to go back and re-read a clever little article called Imagining the Google Future. In 2006, CNN tapped a group of tech gurus and futurists to cook up four visions for the company’s evolution. With a decade of hindsight, a few of the details look a bit silly.

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 Bond Moment: May 2015

Bankelele

Chase Bank Kenya launched a Kshs 10 billion ($108 million) bond today. It matures in 7 years,, will pay about 13% return with a minimum investment is Kshs 100,000 ($1,080). The first trance of the multi-currency bond will be for Kshs 3 billion with a green shoe option of another Kshs 2 billion. Centum Investments have launched a Kshs 6 billion (~$65 million) bond that pays about 13% over 5 years.

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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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Can you last 24 hours without smart phone?

ABA Community Banking

It’s today’s lifeline, the Wombat says. Can you make it one day untethered? Retail Banking Blogs Beyond the Bank Channels.

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Shelby regulatory relief bill would create GLBA annual privacy notice exception

CFPB Monitor

Kim Phan. In addition to the numerous mortgage-related provisions in Senator Shelby’s regulatory reform bill entitled the “Financial Regulatory Improvement Act of 2015,” the bill contains a provision directed at the annual financial privacy notice required by the Gramm-Leach-Bliley Act (GLBA), which is implemented by Regulation P. In October 2014, a CFPB amendment to Regulation P became effective that allows financial institutions that meet certain requirements to deliver ann

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The Thing About Progress….

Your Full Potential

The renowned Austrian philosopher Ludwig Wittgenstein wrote, “the thing about progress is that it always seems greater than it really is.”. There is certainly truth in that statement. How many times have you heard (or said yourself) that “we’re making progress” after a meeting or when giving a report? Chances are, it’s probably more than you would care to admit.

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Time for a Radical Obligectomy?

The Emmerich Group

Something’s gotta give. New research shows that employees are exhausted to the core. The stresses of the workplace are so far beyond the good ol’ days. Remember when we used to take lunches together every day off site? Me neither. Well, it’s been a long time, anyway. And trends have a way of, well…trending. The load isn’t likely to lighten anytime soon.

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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.