BankUnderground

MARCH 28, 2024

In our recently published Staff Working Paper , we ask how monetary policy should be conducted amid, what has been referred to as, a ‘battle of the markups’. Every time that workers get to reset their wage, they may consider the prevailing real wage too low, upping the nominal wage. This could give rise to unstable wage-price dynamics.

Policies 116

Policies National Examples US 116

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.

Fraud 284

Fraud Study United States Training 284

South State Correspondent

JANUARY 3, 2024

Since many bankers likely have a self-improvement goal in their New Year’s resolutions, we wanted to put out our recommendations right from the start. To do this, we teamed up with Jack Hubbard, Managing Partner of the Modern Banker , to bring you our collective favorites. Heart Spoken , by Elizabeth Cottrell.

Leadership 370

Leadership Management Strategy How To 370

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. Would you like other articles on BSA/AML training in your inbox?

Fraud 195

Fraud Training United States Survey 195

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

Community Bank 129

Community Bank Community Marketing Data 129

PYMNTS

APRIL 17, 2020

The Paycheck Protection Program (PPP) is a $350 billion segment of a $2 trillion federal stimulus package signed into law under the CARES Act earlier this month. On April 3, the federal government launched a heretofore unprecedented program to funnel money to U.S. small businesses hit hard by the coronavirus pandemic.

Community Bank 149

Community Bank Community Maine Georgia 149

Abrigo

JUNE 4, 2020

Eight weeks at the beginning of this PPP process may have seemed sufficient, but with states opening back up at various paces and staging and delays of the businesses openings referred to as non-essential, the longer covered period is a welcome update.’” 75%) of loan proceeds required to be spent on payroll.

Lending 195

Lending Risk Management Management Community 195

Jeff For Banks

DECEMBER 16, 2022

As a reference, the best SIFI bank in five-year total return this year was JPMorgan Chase at 82nd overall. I call this "pulling into the pits" in my book: Squared Away-How Can Bankers Succeed as Economic First Responders. And I am weary of the persistent "get big or get out" mentality of many industry pundits.

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

South State Correspondent

APRIL 24, 2023

This article gives bankers a background on what it is, its risks, and how it will change everything from your infrastructure to your hiring practices. Tell it to text your customers as one of its goals, and it will sign up for a messaging app and send out a text. Instead of automation, banks can now have intelligent automation.

social media 195

social media Data Marketing Technology 195

Independent Banker

FEBRUARY 25, 2015

Community banks, which will continue to face a growing number of senior customers with everyday cash needs and built-up home equity, should explore this niche lending opportunity, two community bankers providing these specialty loans suggest. who oversees 32 loan officers dedicated to providing the loans. FirstBank, which has $2.3

Trends 70

Trends Community Lending Community Bank 70

NCR

JULY 9, 2017

One of the big debates that has emerged in the build-up to PSD2 surrounds ‘screen-scraping’ European banks have argued that this practice, if it is allowed to continue under PSD2, could pose a risk to data privacy, cybersecurity and innovation. What is screen-scraping?

Fintech 75

Fintech Innovation Data Industry 75

CB Insights

OCTOBER 29, 2018

On the eve of Yahoo’s acquisition of social networking platform Tumblr, then Yahoo CEO Marissa Mayer wrote a Tumblr post promising “not to screw it up.” Below, we look at some the worst mergers and acquisitions undertaken by large corporations, and how the good times went bad. The Sad State of Corporate Innovation. Microsoft and Nokia.

Google 76

Google Software Innovation Company 76

South State Correspondent

MAY 2, 2022

As a result, bankers love the idea of a sales funnel – put enough prospects at the top of the funnel, and a certain number of customers will fall out the bottom. Some will not know the answer, and other bankers will talk about more marketing, more salespeople, more geography, better follow-up, or a more focused sales effort.

social media 195

social media Management Marketing Resources 195

Gonzobanker

NOVEMBER 9, 2015

Money20/20 became quite the event in a very short time, with 10,000 – count ’em – attendees up from 2,300 only three years ago. Bankers had long suspected MCX’s plan was to bypass the Visa/MasterCard rails by processing transactions as ACH. The logistics. Would we all take that growth? Big stories/buzz. Apple Pay … not.

blockchain 60

blockchain Bitcoin Lending Innovation 60

Fintech Labs Insights

OCTOBER 15, 2015

The company’s leadership team includes former investment banker Greg Smith who penned the notorious “Why I am Leaving Goldman Sachs” piece for the New York Times in 2012. Also participating in the round were DST Systems Inc, Commerce Ventures, Hyde Park Venture Partners, and UMB.

New York 12

New York Kansas Leadership Analysis 12

Perficient

MAY 21, 2021

Users can learn from trial and error with the logs to reference in the future, as needed. 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.

Milwaukee 348

Milwaukee Software Course Detroit 348

Abrigo

FEBRUARY 2, 2020

Many refer to the CDD rule as the fifth pillar of BSA, which makes any exam finding more serious. Key Takeaways The global AML community has long seen the U.S. as behind in KYC. The CDD Rule has strengthened U.S. CDD expectations – both at onboarding and with ongoing monitoring. financial system. In fact, the U.S. In fact, the U.S.

United States 195

United States Regulation Delaware Policies 195

Gonzobanker

OCTOBER 15, 2014

For a long time, these rock-solid bankers have seen loan officers patronize them with passive encouragement while rarely referring a customer their way and never taking the time to understand their product offerings. -Anonymous. Yet for more than a decade, cash management professionals have shown their resiliency.

Management 101

Management Community Bank Community Resources 101

Fintech Labs Insights

AUGUST 12, 2016

Diverging fortunes among these companies is a good sign. Million Loss – American Banker. So if there’s no bubble in the alt-lending part of the fintech universe, should we fear a bust? Looking at the P2P lending market in the U.K., ” In other words, just like any other business. OnDeck Defends Strategy After $17.9

Trends 12

Trends Lending Fintech blockchain 12

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

Gonzobanker

DECEMBER 22, 2015

Sure, we bought some December options on west Texas crude at $100 a barrel, but it was only with a third of the 401(k)—plenty of time to make that up, right? It’s hard for any banker to avoid gulping at the sheer long-term performance of George Gleason II and his team at the Bank of the Ozarks. ” – Tom Armstrong. That’s two.

Community Bank 60

Community Bank Apple Community Technology 60

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. Learn where to find opportunities for improvement. You might also like this on-demand webinar on the red flags of emerging CRE risk. Unchanged for decades Are origination processes outdated?

Lending 222

Lending Software System Taxes 222

Gonzobanker

DECEMBER 22, 2014

We are seeing it show up lots of places, it’s real and it’s great for this industry. That’s one helluva move up. Cornerstone: Okay, let me back up a second. We could hand you a load of bull about skewering the guilty and praising the exalted, etc., but let’s just dive into it! THE BANKING AWARDS. Buena suerte, Bradley!

Los Angeles 101

Los Angeles Apple Risk Management California 101

CB Insights

OCTOBER 31, 2019

Microsoft’s Satya Nadella referred to chat as the “third run-time” — an indispensable piece of operating a platform, second only to the operating system and the web browser. That year, Facebook made the Messenger bot platform the centerpiece of its F8 developer conference. There are many reasons why chat didn’t take off in 2016.

Industry 78

Industry Examples Tools Retail 78

Abrigo

JANUARY 31, 2023

Recap and forecast The current state of AML/CFT regulations Terminology change Financial crime professionals have long referred to Bank Secrecy Act (BSA) compliance in conjunction with anti-money laundering efforts as “BSA/AML.” You might also like this upcoming webinar, "BSA officer’s mindset: A comprehensive look at your AML/CFT program."

Fraud 195

Fraud Training Regulation Trends 195

Fintech Labs Insights

OCTOBER 3, 2016

With the third annual FinDEVr Silicon Valley 2016 only a few weeks away (and tickets still available ), it’s a great time to look back and see what the FinDEVr alums have been up to this year. Teamed up with Harman to safeguard IoT data. Signed deal with Vision FCU to provide its money management app. in one year.

San Francisco 18

San Francisco Taxes Lending Colorado 18

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

CB Insights

NOVEMBER 9, 2017

Long-time Free-Space Optics (FSO) player AOptix has shut up shop and is selling off its assets at auction next week… the company is currently trying to shop around its intellectual property. For those who’ve been reading, we’ve had failure on the brain recently. Some of the fail-related research we’ve issued includes: The Downround Tracker.

Capital 78

Capital Company San Francisco Operations 78

CFPB Monitor

APRIL 15, 2021

Treasury Department – known as “economic impact payments” – are commonly referred to as EIP1s, EIP2s, and EIP3s, respectively. The legislation provides targeted economic relief, in part, through EIP3s in the amount of $1,400 for individuals earning up to $75,000 and $2,800 for couples earning up to $150,000.

New Jersey 148

New Jersey Payments New York Massachusetts 148

Abrigo

JULY 23, 2021

Below are terms and definitions that will be referred to in this article. Proliferation financing refers to the act of providing funds or financial services which are used in whole or in part for any of the activities mentioned above. Included as a Priority is Proliferation Financing. Foreign proliferation threats.

National 195

National Training United States Regulation 195

Abrigo

JANUARY 21, 2020

While they are working towards a resolution, it leaves bankers in a cloud of smoke. While they are working towards a resolution, it leaves bankers in a cloud of smoke. Key Takeaways The number of institutions banking cannabis grew significantly in 2019. Compliance and anti-money laundering (AML) is going green… or is it?

United States 243

United States New York Regulation DC 243

Abrigo

FEBRUARY 24, 2020

While they are working towards a resolution, it leaves bankers in a cloud of smoke. While there is still uncertainty about what banking legislation will pass, FIs are slowly but surely gaining more guidance on how to bank cannabis. Compliance and anti-money laundering (AML) is going green… or is it? If so, how do you bank them?

Illinois 195

Illinois Regulation United States California 195

Fintech Labs Insights

SEPTEMBER 1, 2015

So pick up your ticket while you still can and join the 1,500-person gathering in Manhattan September 16 & 17. That means that our annual NYC conference – FinovateFall – is only a two weeks away. AcceptEmail serves today’s consumers with online, real-time email payments.

Company 12

Company Software Analytics Mobile 12