The Financial Brand
FEBRUARY 20, 2024
This article Community Banks Need a Social Media Reality Check appeared first on The Financial Brand. Smaller banks rely on social media to promote their brands — yet most of their strategies leave something to be desired. This article Community Banks Need a Social Media Reality Check appeared first on The Financial Brand.
The Financial Brand
FEBRUARY 22, 2024
This article Why Banks Are Saying Goodbye To the CMO appeared first on The Financial Brand. While the debate over the future of the CMO position rages on, the shifting dynamics of the role at some of the world’s most recognizable banks is nothing new. This article Why Banks Are Saying Goodbye To the CMO appeared first on The Financial Brand.
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Jack Henry
FEBRUARY 20, 2024
The new year is here, and once again I’ve compiled a summary of predictions for cybersecurity in 2024. The following are what analysts and industry experts agree are the current cybersecurity trends and threats we must prepare for as we execute plans for the year.
Gonzobanker
FEBRUARY 22, 2024
The right talent and tools can equip bankers to take advantage of opportunities in the small business market. As bankers continue to fight the deposit wars, they must move past the polite talk and build a true go-to-market plan to capture the lucrative U.S. small business market—a segment of 32 million small-to-medium businesses (small businesses) with less than $10 million in annual revenue with funding needs of loans between $5,000 and $1,500,000.
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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.
South State Correspondent
FEBRUARY 18, 2024
We recently reviewed a loan term sheet from a national bank for a $13mm commercial real estate (CRE) loan. The bank offered a 25-year amortizing loan with a ten-year term and required the borrower to hedge its interest rate risk. The borrower was provided options on the type of hedge and when to execute. The language from the term sheet appears below: Borrower will be required to hedge the floating interest expense by entering into an interest rate swap or interest rate cap (“Hedge”
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
South State Correspondent
FEBRUARY 22, 2024
Banks consistently produce under their cost of capital. For example, at present, return on equity performance is about 12% for the average community bank. However, for the average bank, their cost of capital is between 9% and 14% depending on the bank’s equity liquidity with an average of 12.5%. Why is that? One answer is that banks have the wrong strategic planning time horizon.
Jeff For Banks
FEBRUARY 19, 2024
Why not Calvin Coolidge? In a time when we administer clarion calls to the government that "SOMETHING MUST BE DONE!", Coolidge would likely respond, "no it doesn't." It is with this admiration of our 30th president, the Great Refrainer, the one that presided over the Roaring Twenties when life improved significantly for all Americans, that I read the official results of the 2024 Presidential Greatness Project Expert Survey administered by professors from the University of Housten and Coastal Car
ATM Marketplace
FEBRUARY 20, 2024
Independent ATM operators have taken hits on multiple fronts the past years. With falling cash withdrawals, customer resistance to fees and acquisitions, there are many pressures on IADs. What does the future hold for these operators?
Payments Dive
FEBRUARY 20, 2024
Tools that “automate processes, reduce costs and promote effective safeguards across jurisdictions” may help improve cross-border payments, a Federal Reserve official said last week.
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.
Perficient
FEBRUARY 19, 2024
You may learn microservices in-depth from beginner to expert in this set of tutorials. click here for previous blog: – Tutorial 01 – Microservices Architectural Design by using Spring Boot Introduction: – Netflix Eureka Server – To enable discovery and communication between microservices, it is necessary to register or publish the microservice with the R&D (Registrar and Discovery) server.
Abrigo
FEBRUARY 22, 2024
Check fraud prevention is at the forefront for financial institutions Banks and credit unions report that check fraud is impacting their institution more than any other threat. Read on for cutting-edge prevention methods. You might also like this upcoming webinar on Homeland Security fraud investigations. Register Takeaway 1 Check fraud prevention is top-of-mind for nearly 75% of financial institutions, with many reporting significant increases last year.
ATM Marketplace
FEBRUARY 23, 2024
Gold has long remained a stable asset and today that asset is coming to ATMs.
Payments Dive
FEBRUARY 21, 2024
While both Mastercard and Visa will be impacted by Discover Financial Services’ plan to be acquired by card issuer Capital One, the former is likely to bear the brunt of the blow.
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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.
BankUnderground
FEBRUARY 22, 2024
Dario Bonciani and Johannes Fischer The UK economy has been hit by significant terms-of-trade shocks, most notably the rise in energy prices following the Russian invasion of Ukraine. These shocks have created substantial and persistent inflationary pressure in many countries. Such upheavals bring increased uncertainty about the future, making macroeconomic forecasting more challenging.
BankInovation
FEBRUARY 23, 2024
Envestnet data and analytics revenue fell during its fiscal fourth quarter amid rumblings in December of a Yodlee sale. The wealthtech giant’s data and analytics revenue fell 7% year over year to $38.6 million during the quarter, according to its earnings presentation.
TheGuardian
FEBRUARY 20, 2024
Senator says $35bn deal merging two of the largest US credit card firms would ‘threaten financial stability’ and reduce competition Senator Elizabeth Warren has urged regulators to block Capital One’s $35bn takeover of Discover Financial, arguing that combining two of the US’s largest credit card companies would harm consumers and challenge financial stability.
Payments Dive
FEBRUARY 20, 2024
The transaction would give a big boost to a bank well-known for its credit card component, yet lend regulatory gravitas and investment dollars to a struggling card network.
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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.
ABA Community Banking
FEBRUARY 23, 2024
We don’t know what we don’t know — but now is the time to ask. The post Six ways for board directors to reduce the ‘unknown unknowns’ appeared first on ABA Banking Journal.
Commercial Lending USA
FEBRUARY 23, 2024
The cost of assisted living can vary greatly depending on various factors, including location, type of care required, facilities supplied, and the individual facility.
TheGuardian
FEBRUARY 20, 2024
Barclays shares jump as it announces cost-cutting drive to boost returns, shakes up its operations and aims to return £10bn to shareholders over the next three years U-turn and profits dip add up to tricky sell for Barclays Away from Barclays…Britain’s insecure jobs market and high housing costs are leading to the growth of a precarious middle class struggling to maintain a decent living standard on household incomes as high as £60,000 a year.
Payments Dive
FEBRUARY 23, 2024
The bureau has informed the digital payment company it’s weighing legal action related to a Cash App probe.
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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.
American Banker
FEBRUARY 19, 2024
Capital One Financial's proposed acquisition of Discover Financial Services would create a credit card behemoth with its own payments network. The deal is likely to draw tough regulatory scrutiny, though analysts say there are many compelling strategic reasons for the combination.
The Paypers
FEBRUARY 23, 2024
The Financial Conduct Authority (FCA) of the UK has initiated an investigation into Lloyds Banking Group ’s Anti-Money Laundering (AML) controls.
TheGuardian
FEBRUARY 20, 2024
Bank increases staff bonus pool by 12% despite hit from exposure to China real estate slump Nice targets, but scepticism is hard to shake at Barclays Business live – latest updates HSBC has nearly doubled the pay packet of its chief executive, Noel Quinn, despite a drop in fourth-quarter profits, which took an unexpected hit from its exposure to China’s real estate downturn.
Payments Dive
FEBRUARY 23, 2024
The fee would apply if Discover chooses another buyer or if either board has a change of heart, but not if regulators block the deal.
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In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.
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