Abrigo

JULY 7, 2021

Key points in this article include: Risks exist in states where canabis is illegal > LEARN MORE Ensuring compliance when not servicing CRBs > LEARN MORE Determine your tier of acceptance > LEARN MORE Banking hemp vs. marijuana vs. CBD > LEARN MORE The gray area of banking CBD > LEARN MORE. You might also like this webinar Navigating Regulatory Haze: Banking Cannabis-Related Businesses and Managing Risk WATCH WEBINAR.

Compliance 195

Compliance Operations Regulation How To 195

Jeff For Banks

JULY 3, 2021

Who are your target customers? Answer: XYZ Why are they your target customers? Answer: They are our most profitable customers. May I see your profitability reports that show this? Answer: *crickets* Is "most profitable" the right answer? Aside from my skepticism that the financial institution actually calculates who their most profitable customers are.

Cyber Security 78

Cyber Security Community Marketing Report 78

Gonzobanker

JULY 6, 2021

Three winning core strategies to accommodate any financial institution’s budget, business case, and future vision. It has become crystal clear that digital transformation is now the largest technology initiative for regional and community financial institutions.

Strategy 147

Strategy System Risk Management Technology 147

Perficient

JULY 8, 2021

The Federal Reserve released in late June the results of its annual bank stress tests. The Fed’s Comprehensive Capital Analysis and Review (“CCAR”) stress tests are designed to ensure that large banks can lend to households and businesses even in a severe recession. The annual exercise evaluates large banks’ resilience by estimating their loan losses, revenue, and capital levels—which provide a cushion against losses—under hypothetical recession scenarios that extend nine

Capital 309

Capital Exercises Analysis Lending 309

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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.

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Accenture

JULY 8, 2021

Human touch, digital reach As I write this, parts of the world are slowly returning to a new version of normal. But many of us are still experiencing, or are in recovery from, the massive upheaval brought about by COVID-19. With governments slowly pulling back financial relief measures, those who relied on state funds will…. The post Empathetic banking: Human touch, digital reach appeared first on Accenture Banking Blog.

US 261

US Digital Banking 261

Gonzobanker

JULY 9, 2021

The fintech market is smokin’ hot right now. But is it headed into a warm, steady burn, or will it end up as a dumpster fire? After a year in lockdown where consumers and investors saw Zoom stock zooming, investors are flush with cash (or stock) at the ready. Whether housing, used cars, or timber, demand is driving activity to record levels. Fintech is no different.

Fintech 196

Fintech Lending Community Payments 196

Perficient

JULY 7, 2021

The Office of the Comptroller of the Currency (OCC) has released 16 Community Reinvestment Act (CRA) performance evaluations. These evaluations are based on on-site examinations by OCC-trained staff. On-site examinations are done every other year. The reviews, which can take weeks for small banks and months for large banks, assess an institution’s performance in helping to meet the credit needs of communities, including those of low or moderate-income within its assessment area.

National 309

National Texas Tennessee CA 309

Jack Henry

JULY 8, 2021

Economic Value of Equity (or “net economic value” for credit unions) is the difference between the fair value of assets and the fair value of liabilities. Economic value of equity (EVE) is a longer term look at interest rate risk. Over the course of the pandemic, with market interest rates at historic lows, fair value of deposits declined. Consequently, EVE has declined significantly for most banks and credit unions.

Policies 166

Policies How To Course Marketing 166

SWBC's LenderHub

JULY 6, 2021

Last Week: Equities continued to grind higher with the S&P 500 managing to set new all-time highs every day of the week. Impervious to bad news, such as the spread of the “Delta Variant,” further Fed speak on tapering, warnings of impending doom from market sages, and continued signs of inflation, the stocks party on. The rally in stocks has become broad and volatility is getting crushed.

Marketing 148

Marketing Management Report Capital 148

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Treasury teams at community banks face an ongoing challenge of delivering frictionless customer experiences as they support treasury products – especially RDC. This infographic focuses on the efficiencies community banks gain when partnering with a proven managed services provider. You’ll see the advantages you can gain when a managed services partner leverages online tools, skilled customer and technical support personnel, and fulfillment and logistics capabilities to streamline RDC fulfillment

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BankUnderground

JULY 5, 2021

Will Banks, Sudipto Karmakar and Danny Walker. This post is the first of a series of posts about the Covid-19 pandemic and its impact on business activity. During the pandemic, UK businesses have received unprecedented levels of government support , set to total 9% of GDP. This has mainly been through the Coronavirus Job Retention Scheme ( CJRS ), under which 1 in 3 employees have been furloughed , and the government-guaranteed loan schemes that were used by 1 in 4 businesses.

Regional 115

Regional Data Capital Policies 115

Perficient

JULY 6, 2021

While many people are returning to the office after their July 4th festivities carrying on as usual, bankers can return knowing that the Federal Reserve Board has extended the Paycheck Protection Program Liquidity Facility until July 30th. The Paycheck Protection Program Liquidity Facility, or PPPLF, extends term credit to financial institutions making Paycheck Protection Program (PPP) loans, accepting the PPP loans as collateral.

Community 309

Community Operations 309

BankDeals

JULY 6, 2021

73% of consumers say they trust their financial institutions, versus just 51% who feel the same about the government regarding banking and personal finance.

Survey 122

Survey 122

ABA Community Banking

JULY 7, 2021

It's summer cycling season, and the Tour de France is in full swing. Barry Allen of Tower Community Bank joins the ABA Banking Journal Podcast to talk about biking adventures closer to home. The post Podcast: How One Bank Turned a Cycling Hobby into a Line of Business appeared first on ABA Banking Journal.

Community Bank 105

Community Bank Community Marketing Retail 105

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Amid market uncertainty, banks and credit unions are faced with critical decisions about the future of their commercial lending. With fluctuating interest rates and rising competition from non-bank lenders, it's critical to allocate your 2025 budget strategically to optimize lending operations. Our Budget Playbook for Commercial Lenders delivers key strategies to help you navigate these challenges, ensuring your institution is well-positioned for the coming year.

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BankUnderground

JULY 6, 2021

Dario Bonciani and Joonseok Oh. The Global Financial Crisis in 2008 caused a significant and persistent increase in unemployment rates across major advanced economies. The worsening in labour market conditions increased uncertainty about job prospects, which potentially gave rise to precautionary savings , putting further downward pressure on real economic activity and prices.

Policies 112

Policies Study Tools Marketing 112

ATM Marketplace

JULY 9, 2021

The Bank Customer Experience Summit will address key trends in the financial industry and how to reach a more demanding customer base.

Customer Experience 111

Customer Experience Trends Banking Trends Industry 111

FluentBanking

JULY 9, 2021

LangkaBangla is one of the oldest financial institutions in the country that started its journey back in 1997. Presently only a few NBFI is providing credit card services to its customers. As per our view, it is the most successful credit card service provider among the NBFIs. A LankaBangla credit cardholder can avail almost every benefit of a credit card.

Cards 98

Cards Mobile Online Policies 98

BankInovation

JULY 9, 2021

This week, some of the more notable funding rounds included sizeable capital raises for a New Delhi fintech and two European companies, indicating investors ever increasing interest in making headway into Asian and EU markets. Here are?the Bank Automation News highlights. Pine Labs New Delhi-based Pine Labs, a cloud-based merchant commerce platform, announced Tuesday a […].

Capital 98

Capital Fintech Marketing Company 98

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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

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FICO

JULY 7, 2021

Following the release of the FICO® Score 10 Suite for lenders in 2020, FICO has announced the general availability of industry-specific versions of FICO® Score 10 for U.S. auto lenders and credit card issuers. The industry-tailored scores in the FICO® Score 10 suite are now available from all three major U.S. credit bureaus. Developed using recent data, FICO® Bankcard Score 10 and FICO® Auto Score 10 reflects FICO’s practice of continual innovation to address market and data evolutions.

Industry 98

Industry Cards Lending Data 98

Qudos Bank

JULY 6, 2021

The results of the 2021 Australia’s Best Banking Awards from financial comparison site mozo.com.au are out, and for the second year running, Qudos Bank has beaten their competitors to the prestigious title of Australia’s Best Large Mutual Bank.

Comparison 98

Comparison 98

TheGuardian

JULY 9, 2021

Deals offered by HSBC and TSB are available only to borrowers with hefty deposits UK mortgage borrowers now have the choice of two loans with interest rates fixed at 0.94% for two years as the price war between lenders heats up. HSBC and TSB are offering the ultra-low rate, which undercuts the previous best buy of 0.95%, and adds to a rising number of sub-1% deals for borrowers with large deposits.

Marketing 98

Marketing 98

BankInovation

JULY 9, 2021

President Joe Biden will sign a sweeping executive order today designed to promote competition in the U.S. While the order primarily targets Big Tech and health care, it also calls for changes in banking and other large economic sectors. Biden’s executive order calls for banks to allow customers to take financial transaction data with them to a competitor, a move that will “make it easier and […].

Data 98

Data Compliance Regulation 98

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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.

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ABA Community Banking

JULY 8, 2021

Creating more options for banks of all sizes to reach underserved communities. The post Getting Started with CDFI and MDI Partnerships appeared first on ABA Banking Journal.

Community 98

Community Community Bank 98

CFPB Monitor

JULY 9, 2021

The CFPB recently issued a report entitled Data Point: Asian American and Pacific Islanders in the Mortgage Market. The report briefly examines differences among subgroups of Asian American and Pacific Islanders (AAPI) based on the 2020 Home Mortgage Disclosure Act (HMDA) data. In issuing the report the CFPB stated that “[e]xisting studies often portray AAPI borrowers as similar in characteristics to non-Hispanic White borrowers and thus imply that the group fares well.

Report 78

Report Marketing Community Groups 78

TheGuardian

JULY 8, 2021

Economists say Tobin taxes would raise vital funds to help support global poor and tackle climate crisis Coronavirus – latest updates See all our coronavirus coverage The world’s leading developed and developing countries have been told a tax on financial transactions could help them raise around $100bn a year to meet the costs of the Covid-19 pandemic, tackle climate change and boost job creation.

Taxes 98

Taxes Meeting 98

BankInovation

JULY 8, 2021

The large scope of building a national real-time payment system is what strikes Dan Anthony, chief information officer for the Federal Reserve’s real-time payment program, FedNow Service. The native of New Zealand points out that while his home country tends to be more progressive about banking technology, it manages only a handful of banks. New […].

National 98

National System Management Payments 98

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Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se

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