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Preparing your financial institution to manage loan workouts, loan modifications

Abrigo

Managing loan workouts and modifications Tips for preparing your bank or credit union to handle an increased volume of problem loans while ensuring prudent credit risk management. You might also like this video, "A look at credit risk in a rising-rate environment." Why get ready for managing loan modifications and loan workouts?

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Beyond Bitcoin: Mainstream Acceptance Sparks Push For Everyday Cryptocurrency

PYMNTS

And as Keith Johnson , general manager of Ternio , said in an interview with PYMNTS, bitcoin has yet to live up to its hype as a game-changer in commerce — but there’s great promise for other cryptos to do so. The company also offers an FDIC-insured checking account to help spur crypto-friendly banking, Johnson noted.

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Pokemon The Surprise Retail Sizzle Of The Summer?

PYMNTS

But when it comes to a tactic that plays rope-a-dope with the facts about something, say as serious as whether or not China hacked into the FDIC, then it is not at all cool. Top as in the very top: the FDIC chairman, his chief of staff, and the General Counsel. ” According to the store manager sales jumped 75 percent.

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Secure Digital Banking and Customer Communications

FICO

According to FICO’s 2021 Global Consumer Fraud Survey , 83% of customers said they will complain or leave if they are unsatisfied with a bank’s fraud management. . Small touches (such as an FDIC logo and lock/shield icons) can make an enormous difference. Watch my LinkedIn Live video with Melaina T.

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5 Campaigns to Increase Deposits Targeting Digital Wallets

South State Correspondent

A bank that provides a step-by-step guide and perhaps a video on moving money from Venmo or PayPal should find balances coming back. FDIC insurance doesn’t matter until it matters, and the funds in many digital wallets are not insured. PayPal, for example, has 36 million small businesses with accounts.

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Seeking Banking Balance Between Physical And Digital

PYMNTS

Chase, Wells Fargo, Bank of America and Citi, to name a few, all scaled back their physical bank branch locations between 2012 and 2016, according to the Federal Deposit Insurance Corporation (FDIC). A separate survey from management consulting firm Bain & Co.

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SVB: Early lessons for all financial institutions from Silicon Valley Bank’s failure

Abrigo

Stress testing & deposit strategies in the spotlight The failure of Silicon Valley Bank offers other financial institutions the chance to reassess their approaches to and management of interest rate risk, liquidity risk, and credit risk. I liken the design of the stress tests to the video game Angry Birds.

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