Independent Banker

DECEMBER 31, 2022

ICBA is leaning into it, bringing its ThinkTECH Accelerator program and innovation efforts in-house to provide community bankers with targeted solutions. Here are what I believe will be the top five opportunities this year: Targeted fintech initiatives focused on meeting community bankers’ unique needs. You want change, make some.”

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Innovation Trends Community Bank Community 103

Abrigo

DECEMBER 22, 2023

You might also like this resource, Abrigo's "2022 Loan Review Benchmark Survey Results." The most-read lending & credit blogs in 2023 Probability of default, CECL model validation, and stress testing were among Abrigo's top blogs on ALM, CECL, and portfolio risk this year. Here are Abrigo’s 10 top lending and credit risk blogs in 2023.

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Lending Risk Management Community Management 221

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.

social media 103

social media Meeting Community Community Bank 103

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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Data Customer Experience Case Study Branding 294

Independent Banker

OCTOBER 1, 2022

In fact, our 2022 CEO Outlook Survey ranked data security as a top concern, and as the digital sphere continues to evolve, all signs point to that level of concentration increasing. For example, by participating in tabletop exercises, bankers can get a first-hand account of where their preparedness plans shine and where they fall short.

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Exercises Community Bank Community Resources 126

Gonzobanker

JANUARY 18, 2024

That adds up to opportunity for larger banks (>$100 billion in assets) to get into the space more aggressively. A sneak peek into Cornerstone Advisors’ forthcoming What’s Going On In Banking study shows that the percentage of banks looking to get into the banking as a service (BaaS) space is down from previous years. Big surprise, eh?

Fintech 88

Fintech Customer Experience Tools Payments 88

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.

Strategy 221

Strategy System Training Examples 221

Independent Banker

JULY 30, 2015

ICBA Social Media Monitor is a free member benefit that allows community banks to monitor up to five chosen keywords, phrases or brands within the realm of social media. Signing up is easy for any member bank through the website www.icba.org/webmonitor. Chris Lorence. Email: chris.lorence@icba.org. Phone: (800) 422-8439.

Resources 70

Resources social media Marketing Tools 70

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.

Fintech 136

Fintech Marketing Community Bank Community 136

PYMNTS

JUNE 3, 2020

The Consumer Bankers Association and Bank Policy Institute , in a co-signed letter , have called on Congress to automatically forgive Paycheck Protection Program (PPP) loans under $150,000. Although that would cover around 85 percent of the loans, it would only cover about 26 percent of PPP loan dollars, the two groups said.

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Groups Analysis Policies Resources 148

PYMNTS

DECEMBER 13, 2016

California has joined in the lawsuit bandwagon, ordering an investigation into claims retail bankers at Wells Fargo signed customers up for life insurance polices without their consent. It also ordered Wells Fargo to refund $5 million in fees that the bank wrongly charged customers.

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California Los Angeles Regional Resources 100

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

South State Correspondent

JUNE 22, 2022

Add to that a bank’s resource constraints, compliance demands, budget goals, legacy IT infrastructure and talent gaps, and innovation for a bank is extremely difficult. Many banks don’t think in terms of innovation and are not set up for innovation. Every bank wants to be “innovative,” but the truth is innovation is difficult.

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Innovation Meeting Apple Maine 195

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.

Maine 195

Maine Lending Regulation Resources 195

PYMNTS

MARCH 6, 2020

That’s even more true for community banks, which lack the resources larger FIs have to support modernization initiatives and technology investment efforts. “The technology transformation that has taken place in the last 10 or 20 years has put a strain on many community bankers,” he told PYMNTS in a recent interview.

Community Bank 173

Community Bank Community How To Lending 173

Abrigo

MAY 20, 2022

BSA/AML resources and education. Fraud on Alert for 2022 A review of SAR data , government agenc y releases, a nd fraud findings found these f raud c oncerns and trends to wat ch in 2022. Would you like other articles like this in your inbox? Fraud Concerns. Financial fraud post-pandemic. Starting Point. Fraud impact in 2021.

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Trends Fraud Training Survey 195

Alex Jimenez

NOVEMBER 4, 2023

Money 20/20 USA has become the biggest FinTech gathering in the US. This year the conference did not disappoint, although, in many regards, it felt quite different from previous years. Observations As I mentioned, the show felt quite different from last year, which was the first full-attendance in-person session following the COVID-19 shutdown.

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Conference Meeting Trends Fintech 84

PYMNTS

JANUARY 23, 2020

Africa’s richest woman, Isabel dos Santos, is facing money laundering and mismanagement charges, while a banker implicated in the case – Nuno Ribeiro da Cunha, 45 – was found dead in his Lisbon apartment, according to multiple media reports on Thursday (Jan. billion fortune. Angola Attorney General Hélder Pitta Grós said late Wednesday (Jan.

National 131

National New York Conference Resources 131

Abrigo

AUGUST 4, 2016

Too many of us underutilize the technology we have available because our days are filled with “putting out fires” rather than discovering ways to make the most of these current resources. Take your smartphone, for example. On the job, it’s the same way. Here are five ways you’ll benefit from attending this ALLL User Pre-Conference: 1.

Conference 150

Conference Groups Training Risk Management 150

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. These crimes can result is significant loss of financial resources for the victims and often greatly impact their quality of life. The under-reported and growing crime. billion annually.

Fraud 284

Fraud Study United States Training 284

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.

Community Bank 70

Community Bank Community Connecticut Regulation 70

Abrigo

JULY 25, 2023

Many of these tips are provided in the FedNow Service Readiness Guide , a good resource from FedNow to help with preparation. Takeaway 1 Unlike ACH transfers and personal payment options like Venmo, FedNow transactions can complete core clearing and settlement within seconds. Instant payments service What is FedNow?

Fraud 195

Fraud Payments Security Resources 195

Jeff For Banks

DECEMBER 24, 2018

Although the magi's perils were greater and their journey quite significant than the modern day banker, I too see headwinds for community financial institutions, and wish for three gifts for them during this holiday season. My Wish For Bankers in 2019 1. The accompanying chart should be quite alarming for bankers.

social media 60

social media Training Resources Community 60

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.

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Leadership Management Strategy How To 370

Abrigo

OCTOBER 28, 2022

Takeaway 1 Signs point to increased loan modifications and loan workouts, and regulators have urged financial institutions to work prudently with borrowers. . Takeaway 2 Meanwhile, banks and credit unions will likely see a beefed-up regulatory emphasis on credit risk management practices, especially tied to CRE. .

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Management Risk Management Policies Lending 195

Independent Banker

DECEMBER 31, 2018

Happy New Year, community bankers! And if you haven’t done so already, I encourage you to also come up with a community banking resolution—one that helps you flourish as a professional. Here are some ideas: Advocacy: I encourage you to take advantage of ICBA’s Be Heard grassroots resources. Where I’ll be this month.

Community Bank 70

Community Bank Community Nashville Fintech 70

Abrigo

JUNE 13, 2022

These crimes can result in significant loss of financial resources for the victims and often greatly impact their quality of life. The NCOA estimates the cost of elder financial abuse to older Americans to be up to $36.5 Would you like other articles on BSA/AML training in your inbox? Baby Boomers. Learn More. Key Findings.

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

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Community Bank Community Marketing Data 129

Gonzobanker

MAY 17, 2022

As technology buyers, banking executives need to up their game on tech purchases and technology performance management. And you may find yourself living in a shotgun shack And you may find yourself in another part of the world And you may find yourself behind the wheel of a large automobile…” -David Byrne.

Technology 145

Technology Regional Community Bank Community 145

Celent Banking

MAY 24, 2017

Academics, regulators, central bankers, and a handful of private sector people (like me) gather to discuss the latest research in the field. Academics, regulators, central bankers, and a handful of private sector people (like me) gather to discuss the latest research in the field. My key takeaways follow.

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Conference Colorado Study Course 125

Jeff For Banks

AUGUST 2, 2021

In June 2021, we were up to six locations, $327.6 In 2021, we are up to over $70 million, mostly investment properties. He exemplifies the best of next generation bank leadership, with eyes wide open to the next iteration of banking in our rapidly changing environment. It was so awesome I asked if I can reprint here. million in loans.

Community Bank 78

Community Bank Community Minnesota Metro 78

Abrigo

JUNE 10, 2019

Every year, it is estimated elder adults are exploited for up to $36 billion. This frequently occurs without the explicit knowledge or consent of a senior or disabled adult, depriving him/her of vital financial resources for their future needs. Know the warning signs. billion reported by financial institutions.

Fraud 150

Fraud Training National United States 150

Abrigo

JUNE 3, 2016

The Financial Accounting Standards Board’s (FASB) long-awaited final guidance on its new standard for measuring expected credit losses is expected to be released in June, a step that will be a major milestone in the multi-year development of the current expected credit loss (CECL) model. 15, 2020, based on the FASB’s latest decisions.

Risk Management 150

Risk Management Analysis Examples Training 150

Independent Banker

MARCH 15, 2015

Community bankers aren’t the only ones who think so. And ready for the toss, President Obama says he would welcome such bipartisan legislation to sign. Understandably, past Congresses have devoted considerable attention and resources in responding to the Wall Street financial crisis. The Time Is Now. By Camden R.

Community Bank 70

Community Bank Washington Community Regulation 70

Independent Banker

FEBRUARY 24, 2015

Community bankers aren’t the only ones who think so. And ready for the toss, President Obama says he would welcome such bipartisan legislation to sign. Understandably, past Congresses have devoted considerable attention and resources in responding to the Wall Street financial crisis. The Time Is Now. By Camden R.

Community Bank 70

Community Bank Washington Community Regulation 70

PYMNTS

JULY 31, 2017

Is the credit union market ready for its close-up? It’s a market that is showing clear signs of growth. Another potential rule change is being considered in court, as the American Banker Association (ABA) is challenging the new membership rules of the NCUA, claiming the administration is overstepping the limits imposed by Congress.

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Report Innovation Regulation National 114

Gonzobanker

SEPTEMBER 4, 2018

Customers love digital self-service—right up until they don’t, and then they want a live person. In our work with banks and credit unions around the country, an unavoidable truth comes up again and again: Even the flashiest digital strategy falls flat without the backing of a strong contact center.

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Technology Resources Fraud Strategy 117