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Scale Matters … But Smart Matters More

Gonzobanker

Here are five key areas that Cornerstone would encourage management to start: Digital Self-Service Utilization – Many bankers are feeling confident they are catching up to the competition in the digital banking experience, but very few have exhausted the sheer productivity benefits of widespread digital self-service. Why is this important?

Tools 150
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The importance of peer benchmarking

Abrigo

As Tim McPeak, an executive risk management consultant at Sageworks, pointed out in a recent webinar , it may seem obvious, but benchmarking your bank against peers on some basic metrics is an important first step in any peer analysis. Another discovery you may have when benchmarking the bank is that the peer group was improperly defined.

Analysis 150
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CFPB’s Taskforce on Federal Consumer Financial Law releases report

CFPB Monitor

The Taskforce was charged with examining the existing legal and regulatory environment for consumers and financial services providers and making recommendations to the Bureau’s leadership for improving consumer financial laws and regulations. The report consists of two volumes. Bureau reorganization. Fintech regulation. Small dollar credit.

Report 78
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Bank Earnings Are Toast – It’s Time to Take Bold Action

Gonzobanker

So far, bankers have taken comfort in the soundbite that “this crisis is different” because of the strong capital levels and risk management rigor that has developed since the Great Recession. Practice the art of surgical lending. For instance, Wells and Chase just shut down all home equity lending. costs can be reduced.

Lending 103