South State Correspondent
DECEMBER 8, 2023
Recently, the American Banker hosted their annual Small Business Banking Conference in Nashville, and as always, it was one of the better banking conferences of the year. This conference is crucial because it provides insight into small business banking and has a good mix of essential banking-focused topics with a heavy emphasis on the customer experience.
American Banker
DECEMBER 3, 2023
A small bank stock index posted its biggest gain of the year in early November before that progress faded. What will it take for investors to sustain confidence in the sector?
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Accenture
DECEMBER 5, 2023
It’s an open secret in payments that the commercial client experience is often second-class, far surpassed in both innovation and investment by consumer offerings. For years this disparity didn’t reach the bottom lines of incumbent payments providers, but our new research, Reinventing commercial payments for profitable growth, suggests it’s now creating competitive vulnerabilities.
The Financial Brand
DECEMBER 6, 2023
This article How Two Credit Unions Grew Loan Volume with ITM Teller Lines appeared first on The Financial Brand. Branches with ITM teller lines and a smaller footprint have their appeal in both cost savings and growth opportunities. But is your market is ready for it? Mutual 1st Federal Credit Union has found answers. This article How Two Credit Unions Grew Loan Volume with ITM Teller Lines appeared first on The Financial Brand.
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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.
The Financial Brand
DECEMBER 6, 2023
This article Regional Banks Need to Prepare Now for More Earnings Pressure in 2024 appeared first on The Financial Brand. Players like Citizens, PNC and Huntington will see stiffer conditions on both the lending and deposit sides. This article Regional Banks Need to Prepare Now for More Earnings Pressure in 2024 appeared first on The Financial Brand.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
ATM Marketplace
DECEMBER 5, 2023
What do customers actually want from banks? Do they still want branches? To answer this, TD Bank did a survey to gauge what makes customers tick.
Payments Dive
DECEMBER 4, 2023
Leaders are confronting growing challenges across their payment operations.
American Banker
DECEMBER 7, 2023
Top industry executives said this week that price increases are abating, even if they haven't yet fully abated. Their remarks reflect increased confidence that the Federal Reserve will hold interest rates steady — or perhaps even cut them — in the first half of 2024.
CFPB Monitor
DECEMBER 5, 2023
Last week, by a vote of 221-202, the House of Representatives voted to approve S.J. 32 , the resolution introduced under the Congressional Review Act to override the CFPB’s final Section 1071 small business lending rule (1071 Rule). The Senate voted to approve S.J. 32 in October 2023. President Biden is expected to veto the resolution and there is unlikely to be sufficient votes to override his veto. .
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
DECEMBER 6, 2023
In recent years, the Consumer Financial Protection Bureau (CFPB) has significantly broadened its oversight, extending beyond major banks to address concerns in various industries, such as payday loan providers, credit reporting agencies, and most recently, the medical debt collection sector. The CFPB’s Dynamic Approach The CFPB’s modus operandi often involves proactively addressing potential issues through press releases ahead of engaging in enforcement actions.
Payments Dive
DECEMBER 8, 2023
Sen. Dick Durbin took to the Senate floor Thursday to push for a vote on the Credit Card Competition Act, taking a swipe at United Airlines along the way.
South State Correspondent
DECEMBER 5, 2023
Most borrowers have a rudimentary understanding of interest rates, the yield curve, forward rates, and forward premiums. Commercial bankers are trusted advisors and have a unique opportunity to understand their client’s specific financial and personal situations, explain the basic concepts of capital markets, and offer prudent and objective advice to help customers reach their goals.
CFPB Monitor
DECEMBER 7, 2023
The Office of the Comptroller of the Currency (OCC) has issued a bulletin (2023-37) that provides guidance on managing risks associated with “buy now, pay later” (BNPL) lending. The BNPL loans addressed in the bulletin are loans that are payable in four or fewer installments and carry no finance charges. The bulletin cautions banks about the risks to banks and consumers associated with BNPL lending. .
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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.
BankBazaar
DECEMBER 8, 2023
Do you have a toxic aunty in the family? You know, the one that hints around about finances or keeps asking why you’re not married yet? Yes, you know who we’re talking about! Come to think of it, maybe ‘anti’ is derived from the word ‘aunty’! Who knows? So, this ‘AUNTY-Corruption Day ’, here’s a poem to show you how not to be a shady aunty! On this Anti-Corruption Day, here is a tale, Of Credit Cards and scores , with a humorous trail.
Payments Dive
DECEMBER 7, 2023
Jettisoning Venmo from the retail juggernaut’s marketplace is another strike against PayPal’s recent growth efforts.
Gonzobanker
DECEMBER 7, 2023
It’s time for banks and credit unions to finally execute those C&I lending priority initiatives. Senior bank and credit union executives have ranked commercial and industrial (C&I) loans as a top lending priority over the past several years in Cornerstone Advisors’ annual What’s Going On in Banking research. But further analysis shows the execution is not measuring up.
CFPB Monitor
DECEMBER 6, 2023
The Consumer Financial Protection Bureau has sent a letter to the California Department of Financial Protection and Innovation (DFPI) commenting on the DFPI’s proposal that would require providers of “income-based advances” to register with or obtain a license from the DFPI and comply with the fee and interest rate limits of the California Financing Law (CFL).
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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.
ATM Marketplace
DECEMBER 8, 2023
Self-service technology allowed operators to allocate employees to mission-critical tasks while ATMs and cash recyclers handled traditional transactions. Still, the specter of replacing human workers with machines has hung over the self-service trend.
Payments Dive
DECEMBER 6, 2023
The card issuer’s premium designation isn’t compatible with all potential card issuing partners, Amex CEO Steve Squeri said Tuesday.
TheGuardian
DECEMBER 4, 2023
A number of community organisations say they were left struggling after bank closed or froze accounts ‘without warning’ Some charities, churches and other community groups have described being thrown into financial disarray after Barclays shut or froze their bank accounts without warning. Several of the organisations affected, which include charities helping young people, and a Methodist church in the midst of significant building works, have banked with Barclays for over 20 years.
Realwired Appraisal Management Blog
DECEMBER 5, 2023
Some Chief Appraisers were thrown into their role. The role carries significant responsibilities, as it directly impacts a bank’s risk assessment and lending decisions. Some lacked an appraisal background which added a steep learning curve. Also, what does success look like for a new Chief Appraiser?
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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.
ATM Marketplace
DECEMBER 7, 2023
WWS Fill4Me is the solution that extends the bank's operations to unstaffed channels such as self-service devices including ATMs, advanced ATMs and ASSTs.
Payments Dive
DECEMBER 5, 2023
The AlphV ransomware group claimed responsibility for the attack on Saturday and threatened to extort the business payments company's customers with allegedly stolen data.
TheGuardian
DECEMBER 8, 2023
With more transactions taking place digitally, cash transit companies warn of reduced services – which experts say risks isolating those who rely on notes and coins Get our morning and afternoon news emails , free app or daily news podcast Heather Lewis has an unusual budgeting method in the age of online banking, but it works for her. When the disability support pensioner gets paid, she heads to her local bank branch in Melbourne, withdraws the cash and places it into plastic pockets according
Commercial Lending USA
DECEMBER 5, 2023
Commercial construction loans are a type of financing used to fund the construction of commercial properties such as office buildings, retail centers, industrial facilities and large residential multi units projects.
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