South State Correspondent

JUNE 3, 2015

A traditional bank is organized along a hierarchical structure. The CEO presides over executive vice presidents that head up various divisions supported by senior vice presidents, then vice presidents and so on. Commercial loans, retail, branches, mortgages, etc. all report up to their chain of command. Most banks are essentially organized along product lines with a rough geographical overlay so that every region has a representative for each product.

Regional 223

Regional Retail US Report 223

Abrigo

JUNE 4, 2015

Chances are, most business valuation professionals took accounting, finance or economic classes in college – courses that focused on areas to provide them general competency in their jobs today. It’s less likely that many of these valuation professionals took marketing classes , especially not one that incorporated the seismic shifts that have occurred in our digitally connected economy over the last decade.

Survey 174

Survey Strategy Resources Course 174

Finer Points

JUNE 2, 2015

The recent guilty pleas and fines against five of the world’s largest financial institutions demonstrate not that regulators are finally cracking down on megabank crime, but that it’s still business as usual on Wall Street. Five global banks pled guilty to conspiring to manipulate interest rates and foreign currency exchange markets and have to pay […].

Regulation 174

Regulation Marketing Washington 174

Celent Banking

JUNE 5, 2015

A highlight of my year is the Boulder Summer Conference on Consumer Financial Decision Making put on by the Leeds Business School’s Center for Research on Consumer Financial Decision Making. An event geared towards academics, its rigor is a refreshing complement to the work that I see from market practitioners at traditional industry shows. A handful of private sector folks come each year, but most are from academia or policy; being able to bridge the two worlds is extraordinarily refreshing.

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Conference Taxes User Experience Nebraska 163

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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

JUNE 4, 2015

We estimate that roughly 15% of banks under $1B in assets currently use a loan pricing model (in-house or purchased). For banks under $250mm in assets, that percentage is substantially smaller. Furthermore, of banks under $1B, the percentage that uses a true RAROC model (risk-adjusted return on capital) is almost insignificant (we estimate that number to be less than 1%).

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Capital 207

Gonzobanker

JUNE 3, 2015

“There are only two kinds of people who are really fascinating: people who know absolutely everything and people who know absolutely nothing.” — Oscar Wilde. Gonzonians, one of the realities of banking in 2015 is that there’s just a lot more to know than there used to be. Pick a topic: changing consumer behavior, new technology, industry disruptors, new payments players, vendors, products—and on and on.

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Management Examples Lending Conference 120

Jeff For Banks

JUNE 1, 2015

Lately I have been asked to opine on bank Board compensation. Although not a compensation expert by any means, I suspect I am being asked for an outside-the-box opinion. This reminds me of one of my colleagues favorite quotes; "those that live outside the box have never been in it." But with most areas that are outside of my technical expertise but within my industry expertise, I tend to revert to common sense.

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FDIC Industry Groups Management 88

South State Correspondent

JUNE 2, 2015

It is a long held precept in banking that when lending on a commercial property, the majority of lease terms should extend past a loan’s maturity. For example, if most of the leases are three years in term, then a bank will often only want to make a three-year loan with the belief that the contractual string of lease cash flows will mitigate credit risk.

Lending 188

Lending Examples 188

Abrigo

JUNE 2, 2015

For more than 30 years, the number one vehicle in America by sales is the Ford F-series line of trucks. More than three-quarters of a million were sold in 2014, continuing its reign as the top vehicle since 1981. The Toyota Camry, the first car on the 2014 list, ranked fourth overall with more than 428,000 new to the road. The top-selling SUV, the Honda CR-V, came in eighth among the most popular vehicles, according to automotive site Good Car Bad Car.

Lending 150

Lending San Antonio CA Sacramento 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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CFPB Monitor

JUNE 3, 2015

Barbara S. Mishkin. The CFPB has launched “a first-of-its-kind nationwide initiative to provide financial counseling services to people with disabilities who are working or transitioning into the workforce.” The program is named “ROADS to Financial Independence.” ROADS stands for “Outcomes. Achieve Dreams. Succeed.” The initiative is based on the CFPB’s view that “in-person, individualized guidance delivered at trusted and accessible locations&

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DC Alabama Delaware Austin 85

Jack Henry

JUNE 3, 2015

Author: Pat True, RTrue@profitstars.com. According to the Commercial Finance Association’s annual survey, asset based lending (excluding factoring) commitments rose to $216 billion by the end of 2014, with funded balances reaching $90 billion. This represents a 12.3% increase in funded balances from 2013. Overall credit line utilization rose 41% for the year.

Lending 78

Lending Capital Survey Trends 78

Banking 2020

JUNE 4, 2015

According to a recent commissioned consumer survey , conducted by Forrester Consulting on behalf of eGain, on the biggest pain points of customer service journeys is the lack of knowledge among agents. An online study of 5,000 consumers in the US uncovered the worst aspects of getting help from customer service contact centers. Allowed to pick up to two options, consumers cited the following three as the biggest pain points: According to the report, the research also yielded insights across indu

Retail 67

Retail Maine Online Study 67

Javelin Strategy & Research

JUNE 3, 2015

At Finnovate Spring, Moven demoed Bank 4.0. Moven is a reloadable debit card and mobile app. Just like Fitbit tracks your physical activity, Moven tracks your spending by category and will compare your current spending with your past spending behavior. It’s as if a prepaid card had a love child with Mint that grew up to be an older, more mature debit card that is able to track your money in real-time.

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Fintech Comparison Millennials Cards 62

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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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CFPB Monitor

JUNE 3, 2015

Barbara S. Mishkin. The CFPB will be participating in a “ Debt Collection Dialogue ” to be hosted by the FTC and the New York AG on June 15, 2015 in Buffalo, NY. Greg Nodler, CFPB Senior Counsel for Enforcement Policy and Strategy, is scheduled to be a presenter. The program will focus on recent enforcement actions, consumer complaints about debt collection practices, and compliance issues.

Regulation 83

Regulation New York Policies Compliance 83

ABA Community Banking

JUNE 5, 2015

A day in the life of AML, from soccer scandals to former legislators to terrorists Compliance Blogs AML & Fraud BSA/AML.

Fraud 66

Fraud Compliance 66

Your Full Potential

JUNE 2, 2015

Not very pleasant to think about, right? Sorry but the reality is that there are some companies and organizations that are in danger of slipping off the radar. In the vast majority of cases, I firmly believe that steps can be taken to reverse course; however, in order to do that, affected organizations must accept that they are in danger, resolve to take action to “right the ship” and then ACT before it’s too late.

Company 30

Company social media Leadership Course 30

Javelin Strategy & Research

JUNE 3, 2015

At Finovate Spring, Moven demoed Bank 4.0. Moven is a reloadable debit card and mobile app. Just like Fitbit tracks your physical activity, Moven tracks your spending by category and will compare your current spending with your past spending behavior. It’s as if a prepaid card had a love child with Mint that grew up to be an older, more mature debit card that is able to track your money in real-time.

Fintech 40

Fintech Comparison Cards Management 40

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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

CFPB Monitor

JUNE 4, 2015

John D. Socknat. The CFPB has issued a report that discusses the results of a focus group study it conducted on reverse mortgage advertisements and a consumer advisory about such advertisements. The report is entitled “A close look at reverse mortgage advertisements and consumer risks.” In conducting its study, the CFPB interviewed 59 homeowners age 62 and older in focus groups and in one-on-one interviews in Chicago, Los Angeles, and Washington, D.C.

Groups 81

Groups Los Angeles Report Chicago 81

ABA Community Banking

JUNE 1, 2015

C-level collaboration produces results Management Lines of Business Technology Blogs Making Sense of it All Vendor Management.

Management 65

Management Technology 65

The Emmerich Group

JUNE 4, 2015

According to a recent study by Teresa Amabile and Steven J. Kramer, when 600 managers were asked to rank the impact on employee motivation and emotions of the five workplace factors that are commonly defined as significant influencers—incentives, recognition, interpersonal support, clear goals, and support for making progress—they identified “recognition for good work” as Numero Uno.

Study 28

Study Survey Management 28

Javelin Strategy & Research

JUNE 2, 2015

As we discussed in MasterCard’s Security Matters , conventional wisdom indicates that card not present fraud will skyrocket as the United States shifts to EMV over the course of the next few years. Typically, this analysis is accompanied by analogies to balloons – as one end of the fraud “balloon” is squeezed, the rest expands.

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Fraud United States Cards Analysis 40

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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

CFPB Monitor

JUNE 4, 2015

Peter N. Cubita. Yesterday, the House of Representatives approved an amendment to H.R. 2578, the Fiscal Year 2016 Commerce, Justice, and Science Appropriations Act, that would bar the use of appropriated funds by the Department of Justice to bring Fair Housing Act enforcement actions that rely on an allegation of liability under the HUD Disparate Impact Rule.

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New Jersey Texas Community 65

ABA Community Banking

JUNE 3, 2015

Automation key for many organizations Compliance Compliance Management.

Compliance 74

Compliance Management 74

Fintech Labs Insights

JUNE 1, 2015

Years after the financial crisis, lenders remain reluctant to fund borrowers with less than perfect credit. LoanNow combines more than a decade of experience in lending, top engineering talent (“most of our team is ex-Amazon” the LoanNow team tells me), and a fresh approach to managing risk to provide better loan programs to the subprime borrowing population.

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San Jose Missouri Utah Groups 25

The Financial Brand

JUNE 1, 2015

Nearly half of all Americans save virtually nothing. In fact, most are only one minor emergency away from a major financial catastrophe.

America 26

America Marketing 26

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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