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Why You Need To Use Funds Transfer Pricing in Banking

South State Correspondent

FTP was introduced to banks in the early 1980s to help manage interest rate risk on a transactional basis. Over time FTP was further advanced to allow management to measure and manage credit, interest rate, liquidity, and operational risk across business units. Simple Funds Transfer Pricing Example.

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Brad M. Bolton: Educating future leaders

Independent Banker

In community banking, we’re not ones to rest on our laurels. We’re always raising the bar for ourselves, our teams and our communities to ensure we provide the best possible services to our customers. Brad Bolton is president and CEO of Community Spirit Bank in Red Bay, Ala. It set the tone for my priorities as a bank leader.

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What are power skills?

Independent Banker

The skills needed to succeed in the workplace are changing, with companies placing greater value on soft skills like communication and leadership. In response, community banks have an opportunity to revisit hiring policies and training programs. As a result, the skills needed in all businesses, community banks included, are changing.

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What is the ROI of a Banking Conference?

Jeff For Banks

I still find this to be a challenge at community banks. So the engineering firm ends up at "Big Bank", and the community bank wonders why. I described the problem to the Lendio guy, and we had a back-and-forth on how community banks can solve it. They want to grow small business deposits. How do I calculate that ROI?

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‘New Year, New Me’ CX Edition

Gonzobanker

1 Assign “unambiguous ownership” The customer experience for most community financial institutions is often the byproduct of a series of isolated decisions made by an assortment of business lines and product owners. If it originated in the branch, clients get a call at two weeks if (and this is a big if ) bankers can find the time.

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Career Growth at Perficient: “Never Waste a Day”

Perficient

Art Quinn, general manager of Minneapolis, take great pride in the culture of his team. Paul’s journey with Perficient started in our Minneapolis office, which is where he was assigned his first Adobe Experience Manager (AEM) project. Part of Perficient’s culture is the community of asking questions. And what is next for Paul?

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Recap of Money 20/20 USA 2023 and 10 Banking Thoughts

South State Correspondent

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. Generative AI: Traditional AI was ever-present in touted solutions regarding fraud, risk management, and the customer experience. Maybe a topic for next year?