Chris Skinner
MARCH 4, 2016
I had a few wake up calls in my years of working in financial services, and a couple of key ones gave me an insight into the mentality of major financial firms that have stayed pretty true ever since. The first was working with a major bank on a process re-engineering project.
Bank Innovation
MARCH 24, 2016
Y Combinator’s Winter 2016 Demo Days just wrapped up, with 159 startups taking the stage and making their play for funding. Just under 10% of the companies — 15 to be exact — were fintech-related. This is about average for a YC incubator class, with the 26% from Summer 2015 being an Read More.
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Payments Dive
MARCH 4, 2016
Mobile World Congress may be over, but the dust is still settling from the biggest mobile event of the year.
South State Correspondent
MARCH 21, 2016
We always like to look back and see where underwriting and credit accuracy can be improved. Recently, we looked at almost 5,000 commercial real estate (CRE) loans from across the country that was underwritten in 2012. We looked at the property level cash flow projections to include revenue, expenses and net operating income (NOI) and then compared that to what has actually happened over the last 3 years.
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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.
Accenture
MARCH 15, 2016
A self-service revolution is sweeping retail banking. But who are the real winners—banks or customers? This new level of banking self-service is a reality thanks to digital technologies. Self-service channels including online and mobile banking options, interactive screens and remote. Read more.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Chris Skinner
MARCH 30, 2016
There are a number of hotbeds for innovation in finance – London, Singapore, Tel Aviv, Silicon Valley – may all spring to mind to begin with … but what about Berlin and Munich? Yes, Berlin is showing some interesting true colours with three standout start-ups: Fidor, NUMBER26 and solaris.
Bank Innovation
MARCH 16, 2016
Millennials hate credit — but a new service called Lenny is out to change that. Lenny is meant for mobile (of course) and launched today in California. It will reach Texas, Florida and New York in the next 10 to 12 months, according to the company, which claims that, in less than three Read More.
Payments Dive
MARCH 22, 2016
Michelle Evans, digital consumer manager for Euromonitor International, examines the impact social media platforms have on commerce, specifically in the Asia-Pacific region.
South State Correspondent
MARCH 30, 2016
We are in agreement with the ICBA that FASB’s proposed current expected credit loss (CECL) model would place tremendous costs and regulatory burdens on community banks. We also agree that CECL, as proposed, will increase reserves and negatively impact many community banks’ ability to lend and support economic growth through lending. However, it does not appear that the current proposal will be modified for banks under $10B in assets.
Advertiser: ZoomInfo
Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.
Accenture
MARCH 18, 2016
Banks are relying more and more upon Big Data and analytics to transform their distribution and marketing strategies. In our research into how high-performing companies (those that deliver above-average business performance on a consistent basis) approach analytics, we found that. Read more.
Abrigo
MARCH 28, 2016
In today’s banking environment, there is strong pressure for banks and credit unions to grow the portfolio profitably. With more competition, institutions are lending in new areas, adjusting underwriting standards and seeking to grow via mergers and acquisitions. Despite the pressure, banks and credit unions must remain diligent across departments to ensure policies and procedures are in place – and followed – by everyone.
Chris Skinner
MARCH 11, 2016
ValueWeb: How FinTech firms are using bitcoin blockchain and mobile technologies to create the Internet of Value After months of writing and editing, I’m delighted to say that my new book ValueWeb is now available.
Bank Innovation
MARCH 8, 2016
Payments startup Movo wants to convert every mobile device into a card-issuing bank. Bank Innovation has learned that the Palo Alto, Calif.-based company raised a seed round of $700,000 on Jan. 31 and plans to launch next quarter. The Movo platform will use prepaid funds to issue payment tokens called Movo Cash Read More.
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Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.
Payments Dive
MARCH 25, 2016
Lahary Ravuri, group manager of product marketing and strategy for Adobe Systems, examines how FIs can use mobile to improve their client interactions and build loyalty.
South State Correspondent
MARCH 29, 2016
The number one reason that banks struggle to grow their commercial business is their relationship managers don’t have enough time. Credit memos, compliance, administration and a whole host of other tasks take up the day leaving very little time to bundle a steady pipeline of profitable accounts. However, next to streamlining your calling officer’s day, the next largest impediment to prospecting is the lack of knowledge.
Accenture
MARCH 10, 2016
According to UK Cabinet Office figures there are in the region of 5.4 million small and medium-sized enterprises (SMEs) in the UK. They represent approximately 60% of employment and roughly 50% of total private business turnover. Their banking business is. Read more.
Abrigo
MARCH 23, 2016
A recent survey by Sageworks found that U.S. bankers expect to lend more to businesses in 2016, and as they expand their commercial lending, some financial institutions may seek to better manage their loan portfolios and lending-related risks using loan portfolio management software. Sageworks has a new guide for evaluating loan portfolio software to help banks and credit unions as they weigh various options.
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Remote Deposit Capture (RDC) clients are more likely to use additional treasury services and maintain larger deposits. However, poor customer experiences—particularly if they delay deposits—can compel RDC clients to take their business elsewhere. This eBook makes the case for outsourcing RDC operations to a proven managed services partner. This approach helps Treasury Departments with limited resources provide excellent client experiences that result in higher retention and productivity rates.
Chris Skinner
MARCH 10, 2016
Flying back from Oslo after the SWIFT Nordics Conference, I was reflecting on the blockchain discussion we had. I chaired the discussion which was titled: “Blockchain: from hype to real world applications” and was joined by Vytautas Karalevicius from Spectro Finance, Lasse Meholm of Nordea and Colin Kwan from Magnr.
Bank Innovation
MARCH 9, 2016
This week, we have a group of startups united in their mutual conviction that 20-and-younger-somethings need not leave their financial situation to the vicissitudes of an indifferent fate. Starting from the macro and moving to the micro, today’s list takes us on a journey beginning with the plight of the genius-quant, Read More.
Payments Dive
MARCH 9, 2016
Square announced Wednesday as part of its first earnings report as a public company that it had received over 350,000 preorders for the company's new EMV-enabled contactless reader.
South State Correspondent
MARCH 16, 2016
There are a handful of banks in this nation that really know their small business or commercial customer. They say they are about service and they actually walk the walk. They deliver superior service compared to the competition and they put the customer in the middle of everything they do.
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Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w
Accenture
MARCH 11, 2016
Last month I sat down with my family to go through our wish list in searching for a new home. We listed the usual criteria such as location (proximity to school), size (add more space for a study room or. Read more.
Abrigo
MARCH 18, 2016
Like most marketplaces, accounting firms look to the most successful firms to identify ways that they can grow. Another reason accountants look to more developed firms is to discover, “Are we heading in the right direction? Are we putting resources where they need to be put?” Observing the practices and benchmarks of successful firms within the industry can create a sense of confidence and vision for partners.
Chris Skinner
MARCH 20, 2016
I’ve been illustrating my frustration with incumbent banks for some time, saying that they lack technology leadership. Almost a third of my new book talks about the biggest challenge for banks to respond to Fintech, Big Data, Cloud, Blockchain and all those other issues is to have leadership.
Bank Innovation
MARCH 17, 2016
At one point in every taxi-driver’s vocational life, there is a moment when a particularly ungrateful fare makes the driver pine for payday, and ask why me? as they calmly circumnavigate the passenger’s quotidian woes. Today, Uber and Green Dot Corporation (NYSE: GDOT) announced a new version of GoBank mobile checking account Read More.
Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert
In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.
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