South State Correspondent

JUNE 25, 2015

As of yesterday, general registration for the.BANK web domain extensions opened and an estimated 4,000 domains were applied for. Approved by ICANN in 2008, financial organizations and trade associations banded together to establish an fTLD Registry Services, an entity that would control these “financial top level domains” (fTLDs). Open on a limited basis since May, yesterday was the first day any bank could apply.

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Strategy Industry 223

Abrigo

JUNE 25, 2015

If you’re craving an omelet the next time you sit down at your favorite restaurant, you may need to reconsider your order. If eggs are even on the menu at your local haunt, your dish may carry a higher price tag than the last time you dined out. The egg shortage , brought about by a bird flu virus that wiped out nearly 50 million chickens (and turkeys) on commercial farms earlier this year, has left all parties – from the farmer to restaurateur and the consumer – impacted.

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Community Bank Sacramento Lending Wisconsin 164

Celent Banking

JUNE 26, 2015

I’m just back from a very interesting week in London at the Marketforce-sponsored “The Future of Digital Banking” forum. I served as Chairman for Day 1 of the two-day conference and had a front-row view of the proceedings. The theme of the conference was that customer-centricity and innovation need to be the guideposts to a bank’s transformation from a bricks-and-mortar operation into a digital enterprise.

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Digital Banking Conference User Experience Operations 154

Gonzobanker

JUNE 22, 2015

Do you know the strategy of the bank or credit union that you work for? a) Yes. b) No. c) This is a trick question, right? If you chose a), congratulations! Self-deception regarding life’s realities is a great coping strategy. You won’t go far in life, but it won’t matter because you’ll convince yourself that you did. If you answered b), don’t feel bad.

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Strategy Survey Course Exercises 119

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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 24, 2015

When it comes to commercial customer service, next to execution, there is nothing better to garner satisfaction than becoming a trusted financial advisor. As community bank relationship managers, we can be the foremost trusted advisors to our commercial customers. Given that we have seen multiple business and real estate cycles for hundreds of customers, and experienced banker possess the knowledge, insight and the ability to analyze a specific financial situation to then offer prudent, custom

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Community Bank Community Management 199

CFPB Monitor

JUNE 25, 2015

Marc Patterson. The CFPB has issued its formal proposal to delay the effective date of the TILA-RESPA Integrated Disclosures (TRID) rule until Saturday, October 3, 2015. The new effective date comes only a week after the CFPB announced it would delay the effective date until October 1, 2015 due to an administrative error that was made in the rules disclosure and review process.

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Industry System Software 98

Jeff For Banks

JUNE 22, 2015

Chris Cox, the head of Regions Bank eBusiness unit, was quoted in Bank Technology News on how personal financial management (PFM) tools will soon be part of a customer's everyday interaction with their bank once they login. I believe him. But will they do it through your financial institution? In a separate article, Jim Marous of The Financial Brand, opined that Mint, a PFM tool that "screen scrapes" financial information from various financial institutions and aggregates it into their tool, is

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Tools Branding Training Apple 88

South State Correspondent

JUNE 22, 2015

Chances are your bank has a “pipeline report.” This is a report that details all the qualified prospects, their potential transactions, their value and where they are in the sales process. If your bank is on top of its sales game, it likely has this report by customer relationship so that loans, deposits and services are all on one report and can be managed.

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How To Report Management 188

Abrigo

JUNE 23, 2015

Aswath Damodaran is a business valuation expert and professor of Finance at NYU Stern School of Business. In this video, he reviews the importance of valuation and offers 3 main reasons why valuations fail—bias, uncertainty, and complexity. Damodaran presents the importance of being aware of the subjective nature of valuation and he discusses how valuation is simple, but we make it complex.

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Video Maine Marketing Company 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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SWBC's LenderHub

JUNE 23, 2015

It’s a fact that change comes easier to some versus others. While some embrace change as a chance for a new beginning, others look at it as a departure from the norm, extra work, and a chance of failure. Some want to forge ahead, and others want the status quo to remain until they are gone.

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Risk Management Marketing Management Lending 83

CFPB Monitor

JUNE 22, 2015

Barbara S. Mishkin. Rohit Chopra, the CFPB’s outgoing Student Loan Ombudsman, has sent a letter to Google to alert the company that “student loan debt relief scammers may be targeting student loan borrowers through the company’s search products.” In his letter, Mr. Chopra describes some of the efforts of federal and state law enforcement agencies to stop such scammers.

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Google Analysis Trends Data 81

South State Correspondent

JUNE 23, 2015

Last week we ran a blog with the concept on an idea for a new relationship account and a New Year’s countdown promotion to go with it ( HERE ). In response, many bankers asked our ideas for a summer promotion to gain new customers.

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Abrigo

JUNE 22, 2015

On June 18th, the board of the National Credit Union Administration (NCUA) unanimously approved five items , including a proposed rule aimed at modernizing member business lending (MBL). The rule would provide greater flexibility and autonomy for credit unions to better meet the needs of their members. Small business lending at credit unions has continued to increase over the last several years.

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Lending Regulation Policies Meeting 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

JUNE 23, 2015

Quick access to financial information right when you need it. That core premise of mobile banking could get a big boost from the emerging wearable tech market in the next few years as more consumers embrace the convenience of at-a-glance notifications and actions. The overall wearables category is still in its infancy. IDC recently projected a compound annual growth rate of 45.1% over the next five years, to 126.1 million units.

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Apple Management Mobile Video 75

CFPB Monitor

JUNE 25, 2015

Brian D. Pedrow and Dee Spagnuolo. Just days after the release of the final diversity standards under Section 342 of the Dodd-Frank Act, several prominent lawmakers and business leaders have criticized the new standards for not going far enough to promote diversity and inclusion within the financial services industry. The standards were issued jointly on June 9 by six federal agencies—the Federal Reserve Board, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corp., the N

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CA Regulation Policies Industry 79

ABA Community Banking

JUNE 24, 2015

Deploy budgets for growth, not just "keeping lights on" Technology Blogs UNconventional Wisdom Core Systems.

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System Technology 80

Jack Henry

JUNE 24, 2015

Author: Milton King, MKing@profitstars.com.

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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

JUNE 26, 2015

Below are interesting stories the Banking.com staff has been reading over the past week. Articles via ABA Banking Journal, CU Today, Bank Innovation. Five tips for staying ahead in mobile retail banking: Nearly 75% of Americans say their relationships with banks are primarily transactional. Design, mobile deposit and omnichannel strategies can all help banks stay relevant.

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Retail Mobile Strategy Study 43

CFPB Monitor

JUNE 25, 2015

Barbara S. Mishkin. The CFPB has published notices in today’s Federal Register seeking comments on the following information collections: “Consumer Response Government and Congressional Boarding Forms.” The notice states that the CFPB has developed portals for state and federal agencies and congressional offices to view and search consumer complaint data.

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Survey National Data Marketing 75

ABA Community Banking

JUNE 21, 2015

Read reports—don’t let others interpret for you Compliance Blogs AML & Fraud BSA/AML.

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Fraud Compliance Report 72

Bankelele

JUNE 26, 2015

At the IBM Research Africa Lab in Nairobi today, there was a briefing before a US Trade delegation on the upcoming visit by US President Obama. Kamal Bhattacharya, the Vice president – IBM research Africa, said the Lab is IBM’s only commercial research lab on the African continent (opened in 2013), and only the 12th research lab (in 70 years).

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Georgia US Leadership Regional 34

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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

The Emmerich Group

JUNE 25, 2015

I’ve seen it happen a million times. Managers tell me, “But we told them what to do, showed them how to do it…and they’re still not doing it.” Financial institutions actually have more of a challenge with this. Because every work day involves quantifiable numbers, the assumption by managers is that everything can be controlled—including people. The typical management approach to increased sales usually involves setting some sales goals, putting together an incentive program, and then complaining

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Management How To Leadership 28

CFPB Monitor

JUNE 25, 2015

Barbara S. Mishkin. In its Summer 2015 Supervisory Highlights , which covers supervision work generally completed between January and April 2015, the CFPB highlights legal violations resolved using non-public supervisory actions involving consumer reporting, debt collection, student loan servicing, mortgage origination and servicing, and fair lending.

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Report Lending Policies Regulation 69

ABA Community Banking

JUNE 23, 2015

Some mobile banking users would provide DNA for quicker authentication Risk Management Cyberfraud/ID Theft.

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Mobile Risk Management Management 57

Bankelele

JUNE 24, 2015

Recent stuff in the newspapers (mainly the Business Daily ), Kenya Gazette (some of the just-approved deals were first announced two years ago) and press releases. $1 is about 95 Kenya shillings (and about 90 when deals were formulated). Overall. Earlier this month, the Financial Times (FT) reported that mergers and acquisition (M&A) activity in Africa has fallen to its lowest level in more than a decade, as a result of collapsing commodity prices, political volatility and an anticipated

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Groups National Capital Phoenix 34

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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