Abrigo

DECEMBER 22, 2023

Download now Takeaway 1 AML/CFT and fraud professionals often keep up to date on industry trends by reading Abrigo's blog. Abrigo, a leading technology provider of software solutions for financial institutions, published more than 30 risk management articles on its industry-focused blog in 2023.

Fraud 221

Fraud Training Compliance Trends 221

Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet. Employees are back to work.

Fintech 194

Fintech Community Regional Technology 194

Abrigo

NOVEMBER 17, 2023

How to close more loans by speeding up lending and credit analysis Seeking a quicker loan origination workflow is worth it. Frustrating processes tied to credit requests and slow loan decisions are among borrowers’ biggest complaints about banks and credit unions compared to online or alternative lenders.

Lending 221

Lending Software System Taxes 221

Abrigo

AUGUST 28, 2022

Develop better ag lending workflows before demand picks up. Takeaway 2 Offer an online ag loan application, limit data entry, and use a centralized system for ag loans and other commercial and consumer loans. . Takeaway 3 Better ag lending workflows streamline document collection and management and increase credit analysis accuracy. .

Lending 195

Lending Analysis System Data 195

Independent Banker

FEBRUARY 28, 2022

Kathy Strasser of IncredibleBank is evaluating marketing campaign management platforms. Customized, well-thought-out interactions—especially in the online banking space—are integral to wooing new customers and retaining existing ones. Photo by Janimal Photography. Fintechs know how to reach and work with the community.

Fintech 136

Fintech Marketing Community Bank Community 136

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. We can take that data and we can reach that person online,” Catalano says. “If Community banks own an enviable amount of data, but not all are leveraging it to its fullest extent.

Community Bank 129

Community Bank Community Marketing Data 129

Gonzobanker

OCTOBER 15, 2014

My heart goes out to the hard working professionals who run the Treasury Services or “Cash Management” divisions at community banks. Yet for more than a decade, cash management professionals have shown their resiliency. But lately, there are deeper lines and fatigued expressions on the faces of cash management professionals.

Management 101

Management Community Bank Community Resources 101

FirstInternet

AUGUST 27, 2020

Consequently, the more personal information you put online, the more vulnerable it is to cyberattacks. Think about it…whether from your social media profiles, streaming subscriptions, emails or shopping accounts, if it’s online, your data is out there. So while we’re working hard to ensure your online security, you can help too!

social media 105

social media Online Capital Management 105

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.

Fraud 195

Fraud Payments Security Resources 195

South State Correspondent

MAY 31, 2023

The concept that we allow the customer to choose how they want to bank often enables the bank to be passive in its position and give up agency. At around $75 per year for unique visitors, it’s multiple times more expensive to service customers compared to other alternatives such as online, mobile, or phone.

Data 195

Data Branch Strategies Strategy Mobile 195

Independent Banker

OCTOBER 31, 2022

It’s critical for community banks to have online loan applications, process automation staff skilled in digitization and more. It’s critical for community banks to have online loan applications, process automation staff skilled in digitization and more. Offer the ability to speed up the entire process. By William Atkinson.

Lending 91

Lending Community Bank Community Illinois 91

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.

Fraud 195

Fraud Training United States Survey 195

Abrigo

MARCH 24, 2021

Independent Banker Survey. The top banking challenges in 2021 are growing loans and earnings, according to Independent Banker’s recent 2021 Community Bank CEO Outlook survey. Technology sets up future lending success. Here's what they're doing. Would you like others articles like this in your inbox?

Lending 221

Lending Technology Survey Examples 221

Abrigo

JANUARY 31, 2023

Beneficial ownership registry The AMLA was signed into effect in January 2021, paving the way for the first major BSA reform since the PATRIOT Act and encouraging a culture of compliance. The CTA mandated the creation of a public database for obtaining and holding beneficial ownership information for certain U.S.

Fraud 195

Fraud Training Regulation Trends 195

Gonzobanker

DECEMBER 22, 2020

Bankers started the year with good business plans, strong balance sheets, and optimism. Banks and credit unions had to fundamentally change their delivery, support and relationship management models at scopes and speeds that were unheard of. Even George Bailey would have given you the thumbs up. ” – Hunter Thompson.

Idaho 172

Idaho Community Industry Strategy 172

Gonzobanker

JANUARY 12, 2023

Anyway, I want to really sexy-up the investor deck this time and even use some of this stuff in our annual report. Anyway, I want to really sexy-up the investor deck this time and even use some of this stuff in our annual report. So, Tony my man, I need you to help me make our presentation look really edgy… you know, up-to-date.

Training 78

Training Strategy Meeting Marketing 78

FirstInternet

OCTOBER 28, 2020

Consequently, the more personal information you put online, the more vulnerable it is to cyberattacks. Think about it…whether from your social media profiles, streaming subscriptions, emails or shopping accounts, if it’s online, your data is out there. So while we’re working hard to ensure your online security, you can help too!

social media 52

social media Online Capital Management 52

South State Correspondent

MARCH 28, 2022

These trends received more support this month when the President signed an Executive Order supporting the legal and equitable use of technology around a digital currency and digital assets ( HERE ). By way of background, we gave bankers a primer on how to work with defi and blockchains a while back ( HERE ).

Payments 195

Payments Trends Data Fintech 195

Perficient

MAY 21, 2021

Within mere weeks, 22 women are in the final stages of completing a Perficient-sponsored coding bootcamp in Detroit; their final project includes designing their own apps, all of which serve the world in various ways and all certain to make an impact. Learn More About Perficient’s Bright Paths. Celeste Rowe’s Bright Paths Project: Grow Better.

Milwaukee 348

Milwaukee Software Course Detroit 348

Jeff For Banks

MARCH 14, 2020

Sign up for my health plan's virtual doctor visit portal. Order online, as most restaurants will either deliver or prepare for pickup. Here is what my family is doing to reduce the risk of contracting or spreading coronavirus: 1. Washing hands with greater discipline for 20 seconds per wash. Which is difficult. Not hoarding.

ATM 78

ATM Policies US Management 78

Gonzobanker

DECEMBER 20, 2019

billion of assets under management. There is an understanding that technology and fintech are going to cause radical change, but the how, how big and when are still very unclear. Brutal competition is an everyday affair, as are product and price commoditization. They have a very simple answer to all of these headwinds: Bring.

Idaho 148

Idaho Conference Data Marketing 148

Gonzobanker

JULY 28, 2014

Let’s just get this out of the way right up front: most bankers rank going through a formal system selection process right up there with a trip to the dentist. So, having dispensed with the pleasantries we’ll move right along and in the spirit of Kramer, just say “Giddy Up!”. Online Applications and Borrower Portal.

System 102

System Lending Data US 102

FICO

MAY 6, 2020

This is the story and timeline of a small banker’s experience with PPP loans. Greg Tyre is a small business banker who underwrites loans at The Piedmont Bank in Georgia and is an SBA-preferred lender. Lots of small business owners are calling Greg in a panic and asking how to manage their enterprise since cash flow has dwindled.

Community 52

Community Community Bank Lending System 52

PYMNTS

JULY 20, 2017

The British Bankers Association (BBA) reported 19.6 market, Atom Bank has been shaking up the traditional banking scene by offering banking services like a savings account and SME lending through its mobile platform. The digital-first approach appears to be resonating well with consumers. The trend is mirrored in the U.K. million U.K.

Digital Banking 128

Digital Banking Video Mobile Survey 128

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.

Training 74

Training Data Examples Taxes 74

Gonzobanker

OCTOBER 21, 2015

She pointed to some lack of banking industry passion in the form of an expressionless Citi manager on window display in Manhattan … proud plaques on the wall and looking down at computer. Which begged our question: With all of the individual behavioral information in the banking industry, why do we need to use sweeping generalizations?

Las Vegas 60

Las Vegas Retail Phoenix Branch Design 60

Independent Banker

OCTOBER 29, 2014

Millennials have the greatest lifetime value of any customers that a bank can win today, and we’re the most up for grabs,” says Jason Dorsey of The Center for Generational Kinetics, which helped develop ICBA’s generational study on millennials. Out of Mom and Dad’s basement, millennials are primed to become your next best customers.

Millennials 110

Millennials Community Bank social media Community 110

Gonzobanker

MAY 22, 2014

As an experienced contract negotiation and vendor management consultant, I frequently find myself in the middle of tension between banks and vendors. If vendors really want to be the FI’s “partner,” then the companies simply have to change up how I see them behaving today. Priority #1: Tear Down the Silos.

Management 98

Management Mobile Technology Marketing 98

Independent Banker

NOVEMBER 13, 2014

Millennials have the greatest lifetime value of any customers that a bank can win today, and we’re the most up for grabs,” says Jason Dorsey of The Center for Generational Kinetics, which helped develop ICBA’s generational study on millennials. Out of Mom and Dad’s basement, millennials are primed to become your next best customers.

Millennials 87

Millennials Community Bank social media Community 87

Gonzobanker

NOVEMBER 18, 2014

And, man, did it ever … with the Aliens -esque signs of bankers getting their brains sucked out (or was it minds being blown by presenters, not sure?). He appealed to bankers to talk about their value creation and higher purpose instead of just making money. Innovation Showcase & Global Innovation Awards.

Chicago 97

Chicago Retail Branch Design Training 97

Gonzobanker

DECEMBER 19, 2016

A deep mistrust is growing for anything that feels bureaucratic or obfuscated, and bankers stand at a crossroads as to where they may fall in this shakeout. In the post-Wells-scandal world where the shift from people and bricks to machines and digital is getting very real, bankers are scrambling to build new generations of their businesses.

Utah 60

Utah System Community Marketing 60

Gonzobanker

DECEMBER 19, 2016

A deep mistrust is growing for anything that feels bureaucratic or obfuscated, and bankers stand at a crossroads as to where they may fall in this shakeout. In the post-Wells-scandal world where the shift from people and bricks to machines and digital is getting very real, bankers are scrambling to build new generations of their businesses.

Utah 60

Utah System Community Marketing 60

Gonzobanker

AUGUST 31, 2015

Bankers spend 75% of their time during the new customer/account process on the computer versus building relationships. Systems like ChexSystems, Check Order, Credit Reports, Debit Card, Online Banking Enrollment require re-entry. Manage regulatory concerns accordingly and don’'t over-react. CAUSE SOLUTION.

System 60

System Tools Cards User Experience 60

Gonzobanker

DECEMBER 22, 2014

We are seeing it show up lots of places, it’s real and it’s great for this industry. Rise of the Analytics Organization in a Dog-Eat-Dog World – Brush off your resumes Gonzoanalysts, at our client roundtables we heard about analytics organizations being formed and analysts and managers being hired to head them.

Los Angeles 101

Los Angeles Apple Risk Management California 101

Jeff For Banks

DECEMBER 12, 2015

A banker told me yesterday that if I wanted headlines in American Banker , put FinTech in my copy. So far I'm up to five mentions. Aside from interest rate risk, vendor management is high on the list. If looking for a FinTech (seven) partner, follow your vendor management procedures. You know who you are.

Fintech 60

Fintech Capital Cards Bitcoin 60

FICO

JULY 6, 2020

I shared our top tips to help everyone working in debt collection meet this unprecedented challenge in a presentation last week at the Retail Banker International virtual conference. Information that tells us how reliant on credit the customer is, card utilization, renewal of UPLs.

Analytics 52

Analytics Strategy Data Management 52

Javelin Strategy & Research

FEBRUARY 12, 2015

In the mid 90’s when online banking was just gathering steam, industry leaders universally expected the payoff to be reduced customer service costs. Financial providers must be more particularly careful with underserved individuals, who also now happen to be the consumers who are most likely to rely solely on mobile for financial management.

Austin 40

Austin Customer Experience Data Retail 40