South State Correspondent
MARCH 11, 2015
'Below you can download an Excel worksheet that will help you calculate the cost of your capital. Your cost of capital is important to know for several reasons. Mostly, it gives your board and shareholders a yardstick in which to gauge a bank’s return. Produce over your cost of capital and you will be able to attract more capital.
Abrigo
MARCH 12, 2015
'By Erik Lively, Regional Valuation Consultant, Sageworks. Accountants and other financial professionals know that the quality of industry data can make a substantial difference in business valuation services, whether it’s for a valuation engagement or for a calculated value to help develop a business improvement plan. Good industry data can make the process of developing a business valuation easier, and it can provide confidence in the final or calculated value.
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Celent Banking
MARCH 13, 2015
'Capgemini recently hosted a few dozen consultants and industry analysts to Chicago for their two-day Analyst and Advisor Day event. The presentations were held at the firm’s very impressive Accelerated Solutions Environment facility, with its dramatic curved glass exterior and prime views across the Chicago River to the famous Merchandise Mart. Unfortunately, it was typical Chicago winter weather with sub-zero windchills and snow flurries, but for those who braved the conditions it was a very
Finer Points
MARCH 11, 2015
'ICBA’s national convention is always an incredible experience. If you haven’t witnessed nearly 3,000 members of the community banking industry in the same place at the same time, you should make a point to do so at least once in your career. But there was something special about this year’s convention. There was a feeling, […].
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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
South State Correspondent
MARCH 9, 2015
'In one of our blogs last week ( HERE ) we discussed how banks must differentiate their product from their competitors to maximize profits. One important parameter in our discussion highlighted the amortization term for real estate loans and how 30-year amortization terms were taboo at most banks.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
CFPB Monitor
MARCH 13, 2015
'Bowen "Bo" Ranney. In its Winter 2015 Supervisory Highlights , which covers supervision work generally completed between July and December 2014, the CFPB highlights legal violations resolved using non-public supervisory actions involving debt collection, consumer reporting, overdraft practices, mortgage origination, and fair lending. The report indicates that recent supervisory resolutions in the areas of payday lending, mortgage servicing, and mortgage origination resulted in remediati
Jeff For Banks
MARCH 7, 2015
'In the name of head scratchers, Square 1 Financial of Durham, NC, one of the most successful startup banks in a generation, is turning over the keys to PacWest, a California bank. The deal left me scratching my head, because at first glance it made little sense that a bank with Square 1''s earnings trajectory would sell. Niche banks are a growing part of our financial institutions landscape.
South State Correspondent
MARCH 12, 2015
'Ahh, that high-net worth customer – many banks covet the profitability and prestige of banking a customer with $1 million of balances or more, but few banks have products designed to attract that kind of relationship.
Abrigo
MARCH 9, 2015
'The latest FDIC Quarterly Banking Profile was just released and the industry continues to be led by the nation’s community banks. The positive trends from the third quarter of 2014 continued for the industry sub-set. Net income was up almost 28% over the fourth quarter of 2013 led by higher net operating revenue and lower loan loss provisions.
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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
CFPB Monitor
MARCH 11, 2015
'Barbara S. Mishkin. In addition to the bill introduced last week by Republican Congressman Randy Neugebauer that would replace the CFPB’s director with a five-member commission, four other CFPB reform bills have been introduced by Republican Congressman Sean Duffy. A series of similar bills were approved by the House Financial Services Committee in November 2013 and incorporated into a bill that passed the House in March 2014 but never reached a vote in the Senate.
SWBC's LenderHub
MARCH 12, 2015
'eurovector | Shutterstock. During my days as an independent consultant, companies most often asked me to help them build their strategic direction. My first question was as reflexive as swatting a mosquito on the back of my neck. “Can I get a copy of your competitive analysis?” That was usually followed by a blank stare.
South State Correspondent
MARCH 12, 2015
'Ahh, that high-net worth customer – many banks covet the profitability and prestige of banking a customer with $1 million of balances or more, but few banks have products designed to attract that kind of relationship.
Abrigo
MARCH 12, 2015
'By Erik Lively, Regional Valuation Consultant, Sageworks. Accountants and other financial professionals know that the quality of industry data can make a substantial difference in business valuation services, whether it’s for a valuation engagement or for a calculated value to help develop a business improvement plan. Good industry data can make the process of developing a business valuation easier, and it can provide confidence in the final or calculated value.
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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.
Banking 2020
MARCH 10, 2015
'Daily, I have been reminded by the government, that the signs of economic recovery are all around me. It certainly doesn’t feel that way, but it leads to an interesting discussion about economic change. Small business has always been the axiom of contributing factors to the success of the US economy. But in modern reality, the prevailing thought was that the economy had to be led by banks.
CFPB Monitor
MARCH 13, 2015
'Alan S. Kaplinsky. Taking its inspiration from Elvis Costello’s song lyrics, “peace, love and understanding” is how the FTC describes its “cooperative relationship” with the CFPB in a blog post about the reauthorization of the Memorandum of Understanding (“MOU”) entered into by the two agencies on January 20, 2012. The MOU had an initial term of three years, and when it was signed, Chris Willis wrote about the MOU’s implications for nonbank entities.
South State Correspondent
MARCH 9, 2015
'Here Is The Next Generation Of Deposit Account Tiering [Video].
Abrigo
MARCH 10, 2015
'Tax and audit season got you down? For all in the accounting industry, it’s the time of year that means longer days, pots of coffee, and staring at spreadsheets and W-2 forms ad nauseam. You may be teetering dangerously close to the point of sleeping under your desk at night. This post on the blog “How Should We Account for Me” sums it up nicely. The only thing keeping you from cracking during busy season may just be a little bit of levity.
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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.
Banking 2020
MARCH 12, 2015
'It’s not a buzzword, and it can’t always be clearly defined, but it’s vital. Mobile. Cloud. Big Data. The Internet of Things. Some technology buzzwords become so embedded in the lexicon they reach cliché status at warp speed. It’s not that the concepts themselves aren’t valid—in fact, they’re absolutely vital. However, they’re also so broad they mean everything and nothing at the same time.
CFPB Monitor
MARCH 13, 2015
'Jenny N. Perkins. On March 10 th , the CFPB held a public field hearing in Newark, New Jersey to address the release of its arbitration report to Congress. The event featured opening remarks from Director Richard Cordray, as well as commentary from consumer groups, industry representatives and members of the public. According to Director Cordray, the report was based on the CFPB’s review of: 852 consumer finance agreements; 1800 consumer finance arbitration disputes; 3500 individual consumer fi
ABA Community Banking
MARCH 7, 2015
'There’s more than one way to diversify—choose what makes sense for your bank Business Credit Lines of Business Risk Management Blogs Risk Adjusted Credit Risk Community Banking.
Abrigo
MARCH 9, 2015
'The latest FDIC Quarterly Banking Profile was just released and the industry continues to be led by the nation’s community banks. The positive trends from the third quarter of 2014 continued for the industry sub-set. Net income was up almost 28% over the fourth quarter of 2013 led by higher net operating revenue and lower loan loss provisions.
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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.
Jack Henry
MARCH 11, 2015
'Author: Barbara Vega, BVega@profitstars.com. I am awaiting The World Wildlife Fund to be on red alert for the recovery of the Loyal Business Customer. The population of the Loyal Business Customer that once banked with the local institution because of personal relationships and formed trust is diminishing in population at an accelerated rate. According to this Aite report , among businesses with more than $1 million in annual revenue, about 1/3 are using non-financial institution providers.
CFPB Monitor
MARCH 12, 2015
'Barbara S. Mishkin. The CFPB has announced that it will hold a field hearing on payday lending on. March 26, 2015 in Richmond, Virginia. Like other CFPB field hearings, the event will feature remarks from Director Richard Cordray, as well as testimony from consumer groups, industry representatives, and members of the public. At his appearance last week before the House Financial Services Committee, Director Cordray indicated the CFPB would soon be convening a small business panel to provide in
ABA Community Banking
MARCH 10, 2015
'Malware helps crooks hold computers hostage Risk Management Cyberfraud/ID Theft.
Javelin Strategy & Research
MARCH 13, 2015
'For decades, the U.S. financial industry has toyed with heavier integration of physical characteristics as a proof of identity. Over the last five years, the clamor to do so has progressively increased, with little to show for it. Even with the hype, most people have limited interaction with any biometric system on a regular basis. One was inclined to say that biometrics are the authentication of the future – but probably always will be.
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