Independent Banker

FEBRUARY 28, 2022

That’s why we’ve spent the past three years educating community bankers on the why of innovation: why bankers should be thinking about innovation, why innovation is a top priority in a digital-first environment and why now is the time to act. Finding the right marketing partner.

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Independent Banker

JANUARY 31, 2023

Digital media gives community bankers a platform for advocacy, and ICBA’s Virtual Advocacy Primer details how you can put it to work. How can a community banker best connect with a member of Congress? Wait a week for a response and then follow up if necessary by phone, Facebook message and/or Twitter direct message.

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social media Meeting Community Community Bank 103

South State Correspondent

AUGUST 15, 2022

Bankers often think from the bank’s perspective or from the regulator’s perspective. Below are 14 ways to force bankers to understand customer needs better and help banks do a better job at strategic planning prioritization. Informally Talk to Your Customer. Capture this information and have employees report on it.

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Customer Experience Training Strategy social media 195

South State Correspondent

AUGUST 15, 2022

Bankers often think from the bank’s perspective or from the regulator’s perspective. Below are 14 ways to force bankers to understand customer needs better and help banks do a better job at strategic planning prioritization. Informally Talk to Your Customer. Capture this information and have employees report on it.

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Customer Experience Training Strategy social media 195

PYMNTS

SEPTEMBER 24, 2020

Small- to medium-sized businesses (SMBs) are reporting difficulty with the forgiveness aspect of the Paycheck Protection Program (PPP) as that feature opens up, according to CNBC. Trade groups have asked Congress for legislation to simplify the forgiveness process for loans under $150,000, which make up the majority.

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Guidelines Policies Report Groups 137

Abrigo

DECEMBER 22, 2023

Read the blog for information that can help lenders avoid risk before the project begins by planning ahead at the closing table. Read the blog for information that can help lenders avoid risk before the project begins by planning ahead at the closing table. Here are Abrigo’s 10 top lending and credit risk blogs in 2023.

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Lending Risk Management Community Management 221

PYMNTS

JUNE 26, 2020

Ernst & Young ( EY ), the global accounting firm hired to verify Wirecard’s financials, failed to request crucial information from a Singapore bank where the German payment processor claimed it had up to 1 billion euros ($1.1 The big question for me is what on earth did EY do when they signed off the accounts?”

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Abrigo

NOVEMBER 2, 2022

Inspectors may take notes by hand, store photos on their personal laptops, and send in information haphazardly to be entered into a spreadsheet. 3 features that can improve speed and efficiency Construction loan automation eliminates manual processes, saving time and reducing human error. Here's what to look for in a software. DOWNLOAD .

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PYMNTS

APRIL 2, 2020

The application for those loans went online in less than 48 hours, he noted, a short five days after the legislation that enabled it was signed into law by the president. trillion CARES Act , a massive stimulus effort meant to keep citizens and businesses whole and afloat while the world rides out the outbreak. has ever seen or offered.

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Abrigo

FEBRUARY 23, 2023

You might also like this on-demand webinar: "Problem loans: Identifying warning signs and management options" WATCH Takeaway 1 Executive leaders of small community financial institutions face complex issues, including declining deposits. Balance runoff is picking up speed, according to financial consulting firm Curinos.

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South State Correspondent

AUGUST 31, 2022

For example, not only are payee and payor matched up correctly, but the name string is consistently in the format: Title, First Name, Middle Name/Initial, Last Name, and suffix. There is also typically an “enrichment” layer to many of these applications where information can be appended. This method is slow, costly and prone to error.

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Training Data Examples Taxes 448

Abrigo

JANUARY 27, 2015

Given pending changes to the ALLL as a result of the FASB’s CECL model, continued challenges within the allowance and increasing focus on stress testing , the Summit is designed to give bankers actionable insights from industry experts and a chance to ask questions about how other institutions tackle some of these challenges.

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South State Correspondent

MARCH 7, 2022

As the pace of banking innovation speeds up, the OODA Loop, and its supporting concepts, can help a bank’s management team have a common framework to make decisions faster and more effectively. He is regarded as one of the best military strategists the world has known up there with Sun Tzu, Genghis Khan, and Napoleon.

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Strategy System Training Examples 221

Perficient

DECEMBER 2, 2020

The other is a credit union that I signed up with because they offered a particular lending product. While some companies offer unique products and experiences that are tough to avoid, most organizations have a massive cross-sell/up-sell opportunity. Open accounts digitally without the need to sign papers in person.

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Independent Banker

JUNE 30, 2022

Bankers and industry observers have several recommendations for how community banks can come up with risk ratings and rankings that foster safe growth in a volatile economic climate. If you’ve carved a niche in a sector that is struggling, be sure you’re alert to the warning signs. “We By Judith Sears.

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Management Community Bank Community Regulation 103

PYMNTS

MARCH 13, 2020

With the acquisition of Apply Financial, Accuity wants to speed up payments for customers, it said in a statement Thursday (March 12). The company has a portfolio called Bankers Almanac for Payments, which works to deliver reliable information on bank and routing data. Terms of the deal were not released.

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Abrigo

DECEMBER 19, 2022

Checklists, guides, and more to help you and your AML-CFT staff Thousands of FinCrime professionals have accessed these guides, checklists, and other resources produced in 2022 by Abrigo's team, which includes former bankers, BSA officers, and regulators. . Would you like other articles like this in your inbox? Complimentary AML info.

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Resources Training Fraud Compliance 195

Abrigo

SEPTEMBER 28, 2022

Takeaway 3 Manage construction loan risk better with more accurate and up-to-date data. Construction loan spreadsheets are slowing you down. Construction loan risk management software leverages technology and sound process management to pull construction lending away from its manual roots. Leveraging software to work smarter.

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Independent Banker

FEBRUARY 28, 2022

We asked several banking leaders how they’ve employed fintech to ramp up their marketing campaigns, hone their analytic strategies and gain new patrons in the process. Customized, well-thought-out interactions—especially in the online banking space—are integral to wooing new customers and retaining existing ones. By Katie Kuehner-Hebert.

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PYMNTS

JUNE 26, 2020

Specifically, EY reportedly failed to request crucial information from a Singapore bank where the German payment processor claimed it had up to 1 billion euros ($1.1 Specifically, EY reportedly failed to request crucial information from a Singapore bank where the German payment processor claimed it had up to 1 billion euros ($1.1

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cryptocurrency Regulation Cards Course 171

PYMNTS

MAY 1, 2019

Insurer Sun Life Financial has also signed up to be part of the service. What is quite compelling here is the fundamental unlocking of client value by simplifying the verification of personal information safely, securely and in a streamlined manner.”. SecureKey Technologies Inc.,

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blockchain System Security National 173

PYMNTS

JULY 23, 2020

The original intent of the company was to help those without access to the usual banking services, often helping those who lacked employment contracts or identification as they worked in more informal jobs. France’s Orange Bank is launching completely mobile banking services in Africa, according to a press release.

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Mobile Online Regulation Company 140

Abrigo

OCTOBER 21, 2015

The Federal Reserve announced it will hold a special information session later this month for accountants, consultants, auditors and others to learn more about the FASB’s forthcoming current expected credit loss model , or CECL. Sign up for the FedPerspectives session here. 30 from 1 p.m. to 2:30 p.m. 28 receiving priority.

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Gonzobanker

DECEMBER 17, 2021

THE BANKER AWARDS. Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. Doug Larson. Gonzo readers, 2021 was just plain schizophrenic.

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Abrigo

JULY 25, 2023

ACH credit and debit transfers and mobile personal payment options like Venmo can take hours or days to settle between the sender and receiver’s accounts, even if information confirming transfer requests is conveyed more quickly. Takeaway 2 The speed of settlements using the FedNow Service creates the potential for additional fraud.

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Fraud Payments Security Resources 195

Abrigo

MARCH 21, 2023

With signs continuing to point toward additional rate hikes, albeit smaller, many financial institutions are uncertain how they can and should manage their balance sheets to effectively combat interest rate risk both in the present moment and to come in 2023 and beyond. You might also like this video on managing interest rate risk.

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Risk Management Management Strategy Lending 195

Abrigo

SEPTEMBER 19, 2015

When the FASB releases final guidance on the credit impairment standard, Sageworks will conduct a panel-style webinar so that industry thought leaders can cover what the standard means for the ALLL calculation, how it will affect institutions and what bankers must do to comply.

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Resources Meeting Conference National 150

Independent Banker

FEBRUARY 28, 2023

It happens every time they open a checking account, apply for a mortgage, make a direct deposit, log into a bank’s website or chat with a banker, and more. Community banks own an enviable amount of data, but not all are leveraging it to its fullest extent. We can take that data and we can reach that person online,” Catalano says. “If

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Community Bank Community Marketing Data 129

Abrigo

JUNE 12, 2020

While this is a promising sign, 13.3% While this is a promising sign, 13.3% The Fed is authorized by the Treasury to provide up to $600 billion in loans to companies with less than 15,000 people, or an annual revenue of less than $5 billion. to 13.3% – a far cry from the near 20% expected. What happened? learn more.

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Maine Lending Regulation Resources 195

Abrigo

DECEMBER 10, 2019

With no signs of dissipating, it is just a matter of time before an incident happens in your customer base, if it has not happened already. NCOA estimates the cost of elder financial abuse to older Americans up to $36.5 NCOA estimates the cost of elder financial abuse to older Americans up to $36.5 billion annually.

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Fraud Study United States Training 284

Abrigo

DECEMBER 2, 2021

Takeaway 3 Signing up for 2022 conferences is another smart use of surplus budget funds, because some events are offering early-bird discounts. Two years ago, more bankers surveyed for that report named core deposit growth as their greatest challenge than any other issue. Beef up your loan pricing strategy.

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Abrigo

JUNE 13, 2022

The NCOA estimates the cost of elder financial abuse to older Americans to be up to $36.5 billion annually. A recent American Bankers Association Foundation (ABA) research study found that older Americans hold 65% of the deposited wealth in the United States. Get the latest information from FinCEN. Baby Boomers. Learn More.

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Fraud Training United States Survey 195

PYMNTS

JANUARY 25, 2021

The good news, Speight said, is the second round looks like it will be a much smoother process, as SMBs and bankers know what they’re doing and are better able to position themselves even as they sail into a future that remains uncertain in key spaces. Congress has allotted $284.5 Practice Makes Perfect.

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PYMNTS

JANUARY 6, 2021

Thus far, the numbers do not bear out a massive uptake of a business model, that for the stakeholders, is essentially free (There are roughly 38 banks signed on and 5 million users of CoDi, as measured in late 2020). There are some key differences in place between CoDi and what might be seen elsewhere. Solving For The Chicken And Egg Problem.

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Payments User Experience System Mobile 363

Independent Banker

OCTOBER 31, 2022

Offer the ability to speed up the entire process. Make it easier to capture applicant information. Make it easier to capture applicant information. Not everyone wants to sign electronically, but it needs to be offered,” he says. By William Atkinson. Benefits of digital lending. Make quicker decisions.

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Independent Banker

JULY 28, 2016

Community bankers score big changes in final credit-loss standard. After nearly six years of active grassroots advocacy, community bankers achieved important changes to new accounting standards with the Financial Accounting Standards Board’s final update on credit losses. By James Kendrick. Grassroots gains.

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Community Bank Community Connecticut Regulation 70

Gonzobanker

DECEMBER 22, 2020

Bankers started the year with good business plans, strong balance sheets, and optimism. Even George Bailey would have given you the thumbs up. “I learned a long time ago that reality was much weirder than anyone’s imagination.” ” – Hunter Thompson. Well, HST and Big Bird had it right. Everything.

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