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The Holy Quest for CRM in Anytown, USA

Gonzobanker

DoRight, Calvin’s son and present-day CEO, realized that the bank’s growth across counties, states and lines of business had made managing relationships much more involved than the ol’ nod to a customer on Main Street in the morning, an approach that had always worked well for his father. Fast forward to modern times, when Thomas B.

System 134
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SAFE Banking Act returns to Congress: Is safe harbor for cannabis banking on the horizon?

Abrigo

If signed into law, the SAFE Act would allow banks to provide services to cannabis-related businesses (CRBs) in states that have passed the legalization of marijuana in some form. According to a letter from the American Bankers Association (ABA) to the Senate Banking Committee, only about 11 percent of all U.S.

Lending 195
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Commercial Credit Trends – Where to Tread Carefully

South State Correspondent

This data is critical for pricing, capital allocation, and marketing. In 2021, we published articles warning bankers against higher rates (for example, HERE ) and the resulting impact on credit. We have seen the higher rates, and now bankers should brace for a credit shock. Lending is getting riskier. This quarter, it is 2.58%.

Trends 195
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Lyft Revenue Sees Big Lift In First Half Of 2018

PYMNTS

In addition, the company’s net loss increased at a slower rate than a year earlier, going up by 46 percent to $373 million. Just this week, it was reported that JPMorgan Chase is in discussions with Lyft about being the lead banker on its pending initial public offering (IPO). There are no signs of that momentum slowing down.”.

Marketing 122
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Use This Framework for Better Bank Innovation

South State Correspondent

Many banks don’t think in terms of innovation and are not set up for innovation. Every bank, no matter the size, should think and train bankers on where, and how to look for improvements. From a 30,000-foot level, there are two main types of innovation for banks. The Problem of Bank Innovation. Framing Innovation.

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Core Unicorn Deals Rattling the Future of Financial Technology

Gonzobanker

Bank executives should take these new deals’ valuations as a sign that the free market sees the future of finance as unbundled from the traditional industry structure. As new cloud-native, API-driven solutions come to market, the term “core” seems to live in the eye of the beholder. Enter Finxact.

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An Unexpected Revolt?

Independent Banker

From my own experience, the reams of complex and confusing paperwork homebuyers must sign—and be bound by—to obtain a home mortgage continually astonishes them. Fortunately, First Federal Savings & Loan Bank (in operation since 1923) has never sold any of our mortgage loans to the secondary market or anyone else.

Maine 70