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How To Do Better Against National Bank Lending Competition

South State Correspondent

Many existing community bank customers and prospects are also national bank customers. Community bankers must understand how and why the country’s largest banks compete for the most profitable local deposit and loan customers and be able to respond to that competitive threat.

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How to Set Your Strategic Planning Time Horizon

South State Correspondent

A three-year time horizon isn’t long enough if say you want to take your lending platform nationally such as specializing in lending on robotics. After adjusting for risk and cost, individual securities and loans perform approximately the same. Securities add no long-term value while loans contribute about 10% ( HERE ) to value.

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How to Practice Loan Pricing Discipline

South State Correspondent

Objectives of Loan Pricing We believe that all national banks and most banks over $10Bn in assets (regionals) are using some version of a risk-adjusted return on capital (RAROC) loan pricing model. The national and regional banks originate about 85% of all domestic loans, and community banks hold the remainder.

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Cybersecurity Awareness Month: How financial institutions can stay safe and secure online

Abrigo

It’s the time of the year when we celebrate Cybersecurity Awareness Month, a global initiative to raise awareness and educate people about the importance of staying safe and secure online. But how did Cybersecurity Awareness Month start? And what does it mean for banks and credit unions? Stay up to date with cybersecurity threats.

Online 221
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Smishing: Text messaging fraud and how to avoid it

Abrigo

Preventing SMS phishing, or "smishing: A financial institution's guide to smishing scams, why they work, and how to avoid them. Be sure to only send banking information through secured and verified means. You might also like this webinar, "Proactive measures to protect against check fraud and fraud loss."

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Banking Computer-Security Incident Notification Requirements Take Effect

Abrigo

New Rule Outlines Computer-Security Incident Notification Obligations for Banks Financial institutions and their service providers should prepare to meet new computer-security notice requirements by May 1, 2022. . Computer-security incident notifications required. Expand and Clarify. What are the new notification requirements?

Security 195
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How To Build A Digital ID In Layers

PYMNTS

In perhaps the most sweeping example, the member states of the United Nations have embraced, as part of “sustainable development goals,” a target to “provide legal identity for all, including birth registration,” by 2030. The initiative will be on hold until the government enacts new laws that would safeguard data security.

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