Perficient

FEBRUARY 29, 2024

This blog was co-authored by Perficient’s Chief Strategist and banking expert: Scott Albahary A slowing global economy, coupled with a divergent economic landscape, poses challenges for the banking industry in 2024.

Trends 221

Trends Industry Analytics Compliance 221

PYMNTS

MAY 31, 2018

With the ubiquity of smartphones, people expect to have access to data and be notified on these devices,” said Ray Almgren, chief marketing officer at Swift Sensors. Here’s how: The global IoT market is expected to have a compound annual growth rate (CAGR) of nearly 27 percent from 2018 to 2024. trillion in 2024.

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Marketing Google San Francisco Technology 142

Jeff For Banks

JULY 1, 2024

Financial Markets Update – Second Quarter 2024 A dream vacation! That and getting consumed by Euro 2024 and Copa America soccer and of course, the Phillies. In July 2024, we will mark two years of inversion between the 10-year Treasury and the 2-year Treasury yields. for 2024 and 2.0% Where is the Recession?

Marketing 119

Marketing Conference Policies Survey 119

South State Correspondent

SEPTEMBER 20, 2023

The treasury or cash management customer is usually a bank’s most profitable customer on a risk-adjusted basis ( HERE ). In this article, we discuss cash management profitability and rank the most profitable industries for banks to go after. Cash flow stability is also a factor in cash management profitability.

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Management Survey Industry Community Bank 195

Jeff For Banks

OCTOBER 2, 2024

Financial Markets Update – Third Quarter 2024 I had a fantastic September traveling to France and Luxembourg with my sisters. You wouldn’t know we have recession risk when stocks are rampaging; markets crashed for a day on August 5 th but recovered in mere days. trillion for fiscal 2024 compared to -$1.7 y-o-y for August.

Marketing 119

Marketing North Carolina US Community 119

Abrigo

OCTOBER 17, 2023

Why change management is vital for banks and credit unions Regulators promote change management to manage risk, but banks and credit unions can also achieve important benefits when they manage change. This article describes recent comments by financial regulators about managing change.

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Management Lending Risk Management Strategy 195

South State Correspondent

APRIL 22, 2024

In a few short months, stronger economic data (higher GDP, stronger job market, and stubborn inflation) changed the market’s and the Fed’s view on the future path of interest rates. The market and the Fed are now aligning on only one rate cut in 2024 – obviously this will change over the course of the year as the economic data evolves.

Marketing 195

Marketing St. Louis Analysis Study 195

Perficient

NOVEMBER 1, 2024

In November 2022, the Treasury Department explored opportunities and risks related to the use of AI in its report assessing the impact of new entrant non-bank firms on competition in consumer finance markets, for which the department conducted extensive outreach.

Regulation 221

Regulation US Community National 221

Perficient

NOVEMBER 4, 2024

CFTC The Commodity Futures Trading Commission’s (“CFTC”) which regulates derivatives market activity, not particular technologies, issued in January 2024 a Request For Comment on current and potential uses and risks of AI in CFTC-regulated derivatives markets. However, in 2024 the FDIC reduced its public-facing role.

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FDIC Regulation Risk Management Compliance 170

Gonzobanker

MARCH 28, 2024

2024 will prove to be a remarkably busy year in the digital space, when many financial institutions will make near-life-or-death choices about the future of their digital platforms and how they will support them. This is an area where speed-to-market competition will be important. #3. Due diligence is your friend.

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Digital Banking Customer Experience Strategy Exercises 125

Abrigo

OCTOBER 14, 2022

Fortify your credit risk management framework How to prepare your organization for scrutiny of its credit risk management practices during your next exam or review. . You might also like this whitepaper, "Stress Testing: Managing Capital Levels and Credit Risk." So how can banks help customers keep up in uncertain markets?

Risk Management 195

Risk Management Management Policies Lending 195

Jeff For Banks

MARCH 21, 2024

In the markets, we watched helplessly as real GDP plummeted -5% in 1Q20 and -31% in 2Q20 before rebounding by +33% in 3Q20. I’ve previously theorized that China would try to reclaim its global market share lost during the pandemic by flooding the markets with cheaper goods. 2024 could exceed -$2.0 Here's a rant.

Marketing 111

Marketing Policies Report Atlanta 111

Perficient

OCTOBER 24, 2024

As noted at the time by the OCC, advances in computing capacity, increased data availability, and improvements in analytical techniques have significantly expanded opportunities for banks to leverage AI for risk management and operational purposes. Hsu highlighted that each phase requires different risk management strategies and controls.

Regulation 221

Regulation Risk Management Compliance Fraud 221

South State Correspondent

JANUARY 30, 2024

Marketing and technology (IT) are two budgets that have taken the most significant hit. In this article, we partner with Gartner to look at 2024 key IT metrics and provide strategic insight into how much your bank should be spending on IT. of total expenses; in 2024, this number is expected to be 11.2%.

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Capital Operations Customer Experience Comparison 195

South State Correspondent

JANUARY 3, 2024

To do this, we teamed up with Jack Hubbard, Managing Partner of the Modern Banker , to bring you our collective favorites. Each book applies to any banker in a management position who faces a customer in the branch or field or any banker thinking about improving organizational performance. This book will be needed by bank CEOs in 2024.

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Leadership Management Strategy How To 370

PYMNTS

NOVEMBER 24, 2020

The combined company, to be led by Metromile CEO Dan Preston , will have a pro forma market capitalization of approximately $1.3 Investors Social Capital, Hudson Structured Capital Management, Miller Value, Clearbridge and Mark Cuban have committed to investing $160 million through a private placement of INSU II Class A common shares.

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Arizona Pennsylvania Capital Washington 264

Abrigo

DECEMBER 28, 2023

Top banking risk management papers and infographics Abrigo experts' insights on deposit pricing, stress testing, loan review, and CECL were popular with banking risk professionals. Indeed, regulators and management alike focused on these risks more and more in 2023 following the failure of Silicon Valley Bank and repeated rate hikes.

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Resources Risk Management eBook Strategy 221

Perficient

NOVEMBER 19, 2024

On April 19, 2024, the Japanese government published new “AI Guidelines for Business Version 1.0” (the “Guidelines”). On May 22, 2024, the Council submitted draft discussion points concerning the advisability and potential scope of any future regulation.

Regulation 221

Regulation Guidelines System Compliance 221

BankUnderground

DECEMBER 4, 2024

Their flexibility, low premia and underlying leverage appeal to all market participants ranging from conservative investors hedging against intraday market volatility to aggressive traders speculating for quick profit generation. The improved market conditions have encouraged both market participation and innovation.

Marketing 110

Marketing Risk Management Retail Capital 110

Perficient

FEBRUARY 2, 2023

In fact, according to The Business Research Company’s 2022 Payment Security Global Market Report , the payment security market is expected to reach $43 billion by 2026. million in 2024. Successful subscription-based vendors will need to allow customers to easily pause, skip, and edit their subscription plans.

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Industry Trends social media Payments 471

PYMNTS

OCTOBER 22, 2020

Despite concerns in the market about the COVID-19 pandemic affecting purchases of used clothes, ThredUp says it's added customers this year, Bloomberg writes. The digital resale market is poised to spike in growth by 27 percent this year with around $9 billion total by the end of the year.

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Oakland California Retail Strategy 222

PYMNTS

OCTOBER 30, 2019

This could also result in delays for customers and negatively impact a company’s bottom line, which is why new expense management solutions are emerging at a rapid pace. billion by 2024. Similarly, the SaaS-based expense management market will register a CAGR of 8 percent between 2018 to 2025, with the global market size reaching $43.5

Management 103

Management System Report Operations 103

BankUnderground

JULY 10, 2024

Miruna-Daniela Ivan, Joshua Lillis, Eduardo Maqui and Carlos Cañon Salazar Funding markets are crucial for healthy and active financial institutions, and consequently for everyone in the economy. Repo markets support price discovery and improve liquidity in a variety of markets, but they can also pose risks to financial stability.

Marketing 125

Marketing Security Lending Data 125

PYMNTS

OCTOBER 12, 2020

In an interview with Karen Webster, Boston Federal Reserve Chief Operating Officer and FedNow Program Executive Ken Montgomery said the central bank’s ambitious payments initiative remains on track — and will inject competition into the instant payments market. The Timeframe . Digital Dollars, Too? . How does one then turn that into cash?

Payments 244

Payments Boston System Operations 244

Gonzobanker

DECEMBER 7, 2023

Most of the talk about commercial lending is currently focused on commercial real estate and market conditions for office properties. Treasury Management – To displace an incumbent financial institution, the full relationship must be converted, not just the loans. In a nutshell: real estate lending. So, lenders, PUMP IT UP!

Lending 126

Lending Analysis Strategy Management 126

William Mills

NOVEMBER 21, 2023

Are your 2024 PR strategies as polished as a Red Ryder BB Gun? Companies are diligently shaping plans for 2024 across various domains such as product development, investments, technology, and notably, marketing and PR initiatives.

Strategy 85

Strategy Technology Marketing Company 85

South State Correspondent

MAY 7, 2024

On April 26, 2024, Republic First Bank (DBA Republic Bank) was seized by state regulators and the long running bank drama came to an end. This first bank failure in 2024 is reported to cost the Deposit Insurance Fund $667mm. However, that faster growth was not unusual and reflects the bank’s higher growth markets.

Risk Management 195

Risk Management Security Management Groups 195

Jeff For Banks

DECEMBER 10, 2024

I chose five years because banks that focus on year-over-year returns tend to cut strategic investments come budget time, which hurts their market position, earnings power, and future relevance more than those that make those investments. billion in total assets and seven branches at September 30, 2024. M&F Bancorp, Inc.

Las Vegas 70

Las Vegas Lending Community Bank North Carolina 70

Alex Jimenez

DECEMBER 17, 2024

2024 proved to be a year where banking and fintech continued to mesh into a single industry. This shift is both a challenge and an opportunity for banks to redefine their value in a rapidly changing market. Throughout the year, I wrote several articles that examined several facets of what is going on in the industry. Whats Next?

Fintech 52

Fintech Trends Innovation Technology 52

Perficient

NOVEMBER 21, 2024

The compliance deadline, however, depends on the firm’s total receipts from calendar years 2023 and 2024. Discover why we’ve been trusted by 18 of the top 20 banks , 16 of the 20 largest wealth and asset management firms , and are regularly recognized by leading analyst firms.

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Compliance Data Cards Meeting 221

BankInovation

MAY 7, 2024

Bank Automation News is pleased to announce that the inaugural Bank Automation Summit Europe 2024 will take place Oct. Located in one of Europe’s top three financial hubs and co-chaired by Angela Yore, founder and managing director of media and marketing consultancy firm SkyParlour, this premier […]

Management 65

Management Marketing 65

PYMNTS

JANUARY 3, 2019

The MIT projections came as Zion Market Research released its own report on blockchain , which saw the global manufacturing subset valued at $5 million in 2017, set to reach $307 million by 2024 for a compound annual growth rate (CAGR) of 76 percent through that timeframe.

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blockchain cryptocurrency Security Report 195

South State Correspondent

JANUARY 16, 2024

Barings Bank, Orange County (CA), Enron, Long-Term Capital Management, and other entities misused derivatives or didn’t understand the difference between hedging and speculating. Bloomberg recently announced that it will shut down its BSBY index on November 15, 2024. The reason for the cessation of BSBY is simple – lack of use.

Community Bank 195

Community Bank Community Compliance CA 195

Abrigo

SEPTEMBER 17, 2024

Manage the impact of interest rate cuts at your institution These five tips from Abrigo expert Dave Koch will help banks and credit unions prepare for a rate drop. You might also like this on-demand webinar, "Navigating uncertain times: Strategies for effective risk management and compliance."

Strategy 221

Strategy Risk Management Lending Management 221

South State Correspondent

MAY 18, 2022

We demonstrated that the average community bank’s COF is highly correlated to short-term interest rates (mid 90’s correlation coefficient), but every bank’s COF will vary based on how management can optimize deposit betas based on franchise value.

Community Bank 195

Community Bank Community Analysis Industry 195

PYMNTS

JANUARY 17, 2019

Some problems are as old as time itself: managing cash flow as an SMB or consumer, or finding better ways to fight off fraudsters. 40 percent: Share of consumers who have difficulty managing short-term cash flow. percent: Estimated CAGR of the global medical image software market by 2024.

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Data Software Management Online 128

Abrigo

OCTOBER 15, 2024

Day 2 accounting and mark-to-market values How banks and credit unions involved in business combinations can overcome issues related to recognizing income in a changing-rate environment. An often-overlooked component of purchase accounting is the ongoing income recognition (Day 2 Accounting) related to mark-to-market values.

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System Operations Risk Management Marketing 243