March, 2014

article thumbnail

Bankers Tell Me Their Top Industry Game Changers

Jeff For Banks

'This week I did my annual tour of the West, teaching Bank Profitability in the Executive Development Program for the Washington, Oregon, and Utah Bankers'' Associations. As part of the day-long curriculum, we discuss industry trends. And since I have dozens of next generation leaders in the class, I ask them, what is the next game-changing trend in our industry?

Industry 108
article thumbnail

IRS Takes a Stand: Bitcoin is Anything But ‘Currency’

Javelin Strategy & Research

The Internal Revenue Service sounded a loud warning shot today for all you Bitcoin users: Stop calling it a virtual “currency.” In the eyes of the taxman, it’s anything but – and that means taxpayers now must confront a raft of ways in which Bitcoin must be reported and taxed.

Bitcoin 40
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Disrupting Insurance: The Other Financial Services Opportunity

Tefkin

In the last years, most of the focus on innovation in financial services has been, it seems, on banking (investing and lending) and payment. Comparatively, fewer startups have been addressing the insurance space. This is about to change and the opportunity space is amazing. To give a few numbers, non-life insurance market world-wide in 2011 was estimated at $1,877.2 billions.

article thumbnail

ECB provides outlook on retail payments in Europe at EPCA-conference

Money and Payments

'Pierre Petit, deputy director general (payments and market infrastructure) of the European Central Bank, has outlined the ECB’s views on European retail payments. He made his remarks at the EPCA Summit 2014, where he defined the role of the European Retail Payments Board (ERPB) and the follow-up on the SecurePay recommendations on access to payment accounts.New players to be part of drive towards integrated European payments marketThe ERPB is to become a forum for driving the further developmen

article thumbnail

Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

article thumbnail

Bankers: Is your strategy the same as your competitor?

Jeff For Banks

'It is annual report season, meaning publicly traded financial institutions are finalizing their 2013 numbers and submitting their 10k''s to the Securities and Exchange Commission (SEC). In preparation for meetings, I frequently read 10k''s. If you haven''t read a 10k, it will win no literary awards, especially for originality. This was abundantly clear while I was reading a 10k and forgot the bank.

More Trending

article thumbnail

Banker Quotes: As Told to Me v7

Jeff For Banks

'I learn a lot from bankers and industry experts as I visit their offices, speak to them on the phone or at industry events. Occasionally they will offer an insight that I think my Twitter followers would find interesting. Since I estimate my Twitter community only reads about 10% of their tweet stream, and so many of my blog readers do not follow Twitter, below are selected quotes that I tweeted since version 6.

article thumbnail

Infographic: How Much Revenue Do Your Bank Branches Generate?

Jeff For Banks

'Much has been said about the challenge in making branches profitable. But what has been measured? The below graphic, taken from my employer''s database of hundreds of branches, highlights how challenging it is to generate spread in our historically low interest rate environment. The stability of the trend signifies how long the Federal Reserve has kept interest rates low.

Groups 81
article thumbnail

Amazon Tests the Loyalty of Its Prime Members With a 25% Price Hike

Javelin Strategy & Research

After 9 years, Amazon has finally decided to increase the price of its Prime membership – and it’s not an insignificant amount.

40