Abrigo

APRIL 8, 2015

'By Bakley Smith, CFA Strong businesses have a solid handle on their financial reality, and the cash flow statement is an excellent, if not the best, measure of a company’s ability to generate cash in excess of cash invested. Over a sufficiently long period of time, all businesses have to generate positive cash flow or they will go out of business. Forecasting the statement of cash flows is a valuable exercise for a business for several reasons.

Taxes 279

Taxes New York City Exercises Policies 279

South State Correspondent

APRIL 8, 2015

'We have written a number of blogs on the relationship between commercial loan pricing, loan-to-value (“LTV”), amortization terms and riskiness of leverage. Our major theme is that the common secondary source of repayment (liquidation of collateral) is much less consequential than the common first source of repayment (cash flow). There are a few reasons why this is the case.

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Finer Points

APRIL 7, 2015

'Wow. I don’t think there’s much more you can say with the flurry of activity going on at ICBA and throughout the community banking industry right now. Coinciding with last week’s kickoff of Community Banking Month and the final countdown to the ICBA Washington Policy Summit, ICBA also launched Community Banker University. So at the […].

Community Bank 126

Community Bank Community Washington Policies 126

CFPB Monitor

APRIL 9, 2015

'Richard J. Andreano, Jr. The CFPB has announced the settlement of an enforcement action against a California-based mortgage lender for alleged deceptive advertising practices, including the use of advertisements that the CFPB claimed falsely led consumers to believe that the company was affiliated with the U.S. government. The consent order requires the lender to pay a civil penalty of $250,000.

Regulation 86

Regulation California Company Payments 86

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Abrigo

APRIL 9, 2015

'The OCC defines “top down” stress testing as “applying estimated stress loss rates under one or more scenarios to pools of loans with common risk characteristics.” This method of stress testing provides deeper insight into a financial institution’s portfolio or portfolio segment during stressed scenarios. For top down stress testing to be performed properly, banks and credit unions must appropriately segment their portfolio into pools of like characteristics, to which loss rates can then be app

Data 163

Data Risk Management Capital Regional 163

Jeff For Banks

APRIL 10, 2015

'Two brutally cold winters in a row! By this time, we have all had enough of the cold, the polar vortex, the snow, the freezing rain, the ice, and the potholes that are left on our roadways to harass and frustrate us. At least we are not in Boston. We need a change of seasons! A New Year of Volatility 2015 ushered in a whole new season of volatility in the bond and stock markets.

Philadelphia 79

Philadelphia US Study Boston 79

CFPB Monitor

APRIL 9, 2015

'Barbara S. Mishkin. Yesterday, the CFPB announced that it had filed a lawsuit against “the ringleaders of a robo-call phantom debt collection operation, their companies, and their service providers.” This is the same lawsuit filed in federal district court in Atlanta that we blogged about on Monday, and as we indicated, the service providers named as defendants included payment processors that processed credit card and debit transactions for the debt collectors.

Operations 85

Operations Atlanta Fraud Compliance 85

Abrigo

APRIL 10, 2015

'When confronted with multiple clients, each requiring days of your time or your employees’ time to produce a customized valuation report, it is common to ask: How can I make this process easier? How can I make this process more productive for my bottom line? In speaking with financial professionals daily, the Sageworks team has generated a few recommendations that any valuation professional can follow to streamline the valuation report-writing process. 1) Get the documents, all the documents Wh

How To 150

How To Report Examples Software 150

South State Correspondent

APRIL 7, 2015

'One of the unspoken cults in America is youth sports. Youth sports is a perfect place to project your adult shortcomings, fears, dreams, hopes and aspirations on to your child all under the guise of teaching teamwork. If uncontrolled, it can become an obsession and the next thing you know you are flying to some distant city, spending thousands of dollars to play a tournament that doesn’t matter.

America 199

America 199

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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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Jack Henry

APRIL 8, 2015

'Author: Lauren Gleim, lgleim@jackhenry.com. “Hi there, I’m Lauren. Nice to meet you!” It takes just a quick glance to evaluate someone when you first meet them. First impressions establish the relationship and are hard to reverse. No pressure, right? When you first meet someone whether in a social setting or at work, you engage with that person. A friendly smile and a handshake can go a long way.

social media 78

social media Marketing Customer Experience Meeting 78

Banking 2020

APRIL 7, 2015

'Millennials are uninterested in their financial futures. Right? Wrong. According to a recent survey from iQuantifi , a virtual financial advisor, found that millennials actually think about the future of their finances. Where they come up short? Having a comprehensive financial plan. iQuantifi, found that while almost three quarters (72%) set financial goals, very few (20%) have a plan to achieve those goals.

Millennials 75

Millennials Survey US Online 75

Abrigo

APRIL 6, 2015

'Few bankers enjoy having a federal examiner onsite, conducting a safety and soundness examination. It can lead to bottlenecks, additional reports that must be prepared, lost focus for bank or credit union executives, stress for board members and, in some situations, a bad report from examiners. How can you cheat the "test"? While it may not be cheating, seeking advice from peer banks or credit unions is an easy way to gauge what questions will arise during an exam or what feedback other institu

Survey 150

Survey Report Cards 150

South State Correspondent

APRIL 6, 2015

'Bankers are a conservative bunch. For instance, we like to refrigerate our soy sauce, ketchup and mustard. Why? Have we heard of someone keeling over due to bad condiments? Millions of restaurants keep their condiments on tables for months at a time. The high acidic content and salt in all three make bacteria and mold unlikely, yet thousands of bankers harm perfectly warmed food by putting cold condiments on them, not to mention degrade the taste of the condiment.

Management 188

Management 188

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CFPB Monitor

APRIL 7, 2015

'Keith R. Fisher. The U.S. Supreme Court’s recent decision in Perez v. Mortgage Bankers Ass’n invalidated a significant line of D.C. Circuit case law known, after the leading case, as the Paralyzed Veterans doctrine. A case involving a series of contradictory Department of Labor interpretations of whether mortgage loan officers are exempt from minimum wage and overtime guarantees, Perez holds that the Paralyzed Veterans doctrine is incompatible with the plain language of the Administrative Pro

Regulation 69

Regulation America 69

ABA Community Banking

APRIL 7, 2015

'Book Review: Paul Smith’s book of stories serves as leadership guide Human Resources Management Blogs Books for Bankers.

Leadership 73

Leadership Resources Management 73

Javelin Strategy & Research

APRIL 8, 2015

'Mobile Wallets Go Up. Apple Pay’s long awaited release last October ignited a furry of moves, announcements, and acquisitions in the mobile wallet space. For a full analysis, check out our new report: 2015 Gang of Five: Apple Pay vs. Android Pay vs Samsung Pay vs PayPal “Pay”? Samsung is Apple’s top competitor for U.S. smartphone marketshare. Naturally, when Apple Pay came out, Samsung needed to respond.

Mobile 54

Mobile Samsung Apple Google 54

Banking 2020

APRIL 9, 2015

'How can you use everyday experiences to fuel innovation? It’s a question that Digital Insights’ Chief Innovation Officer José Resendiz regularly asks his team. Under Jose’s leadership, an innovation-focused team called DI Labs takes a unique approach to innovation by looking at other industries for inspiration, observation and experimentation. NCR’s Everyday Made Easier blog wrote: Looking to Other Industries for Inspiration.

Innovation 52

Innovation How To Leadership Industry 52

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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

APRIL 7, 2015

'Barbara S. Mishkin. The CFPB’s Community Bank Advisory Council is scheduled to meet in Washington, D.C. on April 22, 2015. According to the meeting agenda , following a welcome by Director Cordray, there will be a discussion of credit scores and credit reporting, and its implications for small financial institutions. That discussion will be led by Corey Stone, the CFPB’s Assistant Director, Credit Information and Deposits Markets.

Community Bank 69

Community Bank Meeting Community Washington 69

ABA Community Banking

APRIL 6, 2015

'Take closer look at processor bills Payments Blogs Beyond the Bank Mobile Cards.

Mobile 65

Mobile Cards Payments 65

Tomorrow's Transactions

APRIL 9, 2015

'The narrative around Bitcoin has, if you hadn’t noticed, shifted toward the blockchain in recent times. So if that’s case, what is the technology and what are we going to do with it? Interest in Bitcoin as a currency, or indeed as money of any kind, is waning whereas the animal sentiments around the underlying technology are waxing. Judd Bagley of Overstock.com (a famous early adopter of Bitcoin) recently said that: Longer term, we need to develop more non-currency applications for

blockchain 46

blockchain US Bitcoin cryptocurrency 46

The Financial Brand

APRIL 8, 2015

'As the discussion around the definition of digital banking continues, two industry leaders debate the best structure for the digital ''bank of the future''.

Digital Banking 26

Digital Banking Strategy Mobile Industry 26

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Lending

CFPB Monitor

APRIL 6, 2015

'Jeremy T. Rosenblum. This is the last of a series of blog posts in which we share our reactions to the CFPB’s contemplated proposals taking aim at payday (and other small-dollar, high-rate) loans (“Covered Loans”). In this blog post, we share our thoughts on the CFPB’s proposed limits on payment collection practices. (Our previous blog posts have looked at the CFPB’s grounds for the proposals, how the proposals will impact “short-term” Covered Loans, the flaws we see in the CFPB’s abili

Lending 69

Lending Cards Payments Analysis 69

ABA Community Banking

APRIL 7, 2015

'Uses Apple TouchID to provide security Retail Banking Technology Channels Branch Technology/ATMs.

ATM 57

ATM Mobile Apple Retail 57

Tomorrow's Transactions

APRIL 7, 2015

'The UK’s new Payment Systems Regulator is now open for business. I imagine that their highest priority work stream will be around access to payment systems, because this is what “challenger” banks need in order to create the more competitive environment that the UK Treasury wants. The payment systems regulator (PSR) has published their report on a new regularly framework for payment systems in the UK and, as I’m sure many other people did, I spent the weekend reading through it so that our clie

Regulation 43

Regulation System Operations Payments 43

Javelin Strategy & Research

APRIL 8, 2015

Mobile Wallets Go Up

Mobile 40

Mobile 40

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