South State Correspondent

JANUARY 30, 2023

The art and science of optimized deposit gathering is a declining skill set among bankers. Banking schools don’t teach it, conferences don’t showcase it, and internal bank educators no longer train in the discipline. It is ironic as no other banking endeavor can build long-term franchise value like deposit gathering. Further, deposit gathering and its associated pricing strategy are among the most arduous efforts to understand compared to other industries.

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Resources Training FDIC Strategy 195

Perficient

FEBRUARY 2, 2023

Across industries, consumers are communicating the same demands; they see the thing, they want the thing, and they want it in their hands within hours, if possible. And if it’s not possible, they wonder why not since it usually is through Amazon. Because money is what makes the world go-’round, the payments industry has responded to this heightened sense of urgency from consumers to get ahold of merchandise, services, and funds seamlessly, immediately, and with little to no human interacti

Industry 471

Industry Trends social media Payments 471

Abrigo

JANUARY 31, 2023

Regulatory movement expected in the AML/CFT industry Financial institutions should keep an eye on these AML/CFT hot topics while awaiting regulatory guidance. You might also like this upcoming webinar, "BSA officer’s mindset: A comprehensive look at your AML/CFT program." register now Takeaway 1 While the AML/CFT industry seemed to have been in a holding pattern during 2022, regulatory movement is expected for 2023.

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Fraud Training Regulation Trends 195

South State Correspondent

JANUARY 30, 2023

Rising funding costs and decreasing liquidity at community banks are causing managers to change pricing methodology for new credits. This makes some sense, as in other industries, if your input pricing goes up, you often adjust your end pricing. We estimate that 25% to 50% of community banks have a policy requiring minimum yield or credit spreads for new commercial loans.

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Community Bank Community Strategy Management 195

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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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BankBazaar

FEBRUARY 3, 2023

Confused about the changes in income tax rules announced in the latest budget introduced in Parliament on 1 st February, 2023? We’re breaking it down for you. If you’re still a little at sea about the changes in income tax rules announced by the Finance Minister recently, here’s everything you need to know at a glance. The six income tax rule changes announced by FM Sitharaman in Budget 2023 are summarised as follows: Increase in tax rebate limit to ₹7 lakh from ₹5 lakh This means that individua

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Abrigo

FEBRUARY 1, 2023

Where rates are headed As regulators focus on interest rate forecasts, remember that flattening, steepening, or inverting yield curves can influence your projections. You might also like this on-demand webinar, "Deposit strategies for funding challenges" WATCH Takeaway 1 Many financial institutions are questioning where rates are headed and how to structure their ALM strategies accordingly.

Marketing 195

Marketing Strategy eBook Policies 195

Independent Banker

JANUARY 31, 2023

Photo by Chris Williams [ICBA LIVE is] an opportunity to continue training up the next generation, so I would encourage community bank leaders to join us and bring your rising community continuators with you. The passion I have for community banking was born at ICBA LIVE 2011, which was my first ICBA convention as an adult. I thought I already loved community banking, but I didn’t realize how much until then.

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Community Bank Community Hawaii social media 182

Banking Exchange

JANUARY 31, 2023

90% of businesses worldwide are small and medium enterprises, or SMEs Community Banking Commercial Feature3 Feature Business Credit The Economy Lines of Business Small Business

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Lending Community Bank Community 141

Payments Dive

JANUARY 31, 2023

Simon Khalaf, who takes the top job Tuesday, is counting on new embedded offerings to help expand the company’s services for corporate clients.

Company 430

Company 430

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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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Gonzobanker

FEBRUARY 1, 2023

Key themes emerging from AOBA can help guide industry leaders’ strategic discussions. Scottdale, Arizona was chillier than normal this week, but that didn’t prevent bankers from having heated discussions about 2023 at this year’s Acquired or Be Acquired conference, hosted by Bank Director. Where else can somebody find 1,700 banking industry leaders dressed in business attire at 7:30 a.m. on a Sunday morning?

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Arizona Kansas City Industry Fintech 135

Independent Banker

JANUARY 31, 2023

Inspired by the entrepreneurship of lemonade stands, Scottsdale Community Bank created a microloan program. Photo by Brandon Sullivan De novo Scottsdale Community Bank set out to provide microloans to small and mid-size businesses, family organizations and nonprofits—a project that was inspired by the humble lemonade stand. By William Atkinson Name: Scottsdale Community Bank Assets: $28 million Location: Scottsdale, Ariz.

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Community Bank Community Phoenix Arizona 172

TheGuardian

JANUARY 30, 2023

Exclusive: Leak shows oligarch was a major client of Barclays in Monaco and UBS in Zurich, with at least $940m in assets held at the banks Barclays and UBS are facing questions about their ties to Roman Abramovich after his secretive offshore trusts were reorganised shortly before Europe and the UK imposed sanctions on the Russian oligarch. The Oligarch Files, a cache of leaked documents seen by the Guardian, suggest that before Russia invaded Ukraine the two banks held at least $940m (£760m) of

Company 134

Company 134

Payments Dive

FEBRUARY 1, 2023

The Consumer Financial Protection Bureau proposed a new rule that would effectively cap credit card late fees and potentially save Americans $9 billion.

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Cards 418

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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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ATM Marketplace

JANUARY 31, 2023

2023 will be a big year for the Bank Customer Experience Summit, which gathers bankers, self-service vendors and fintechs to network and discuss banking trends. This year, the summit will be combined with the ICX Summit from Sept. 12 to 13 in Charlotte, North Carolina.

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Customer Experience North Carolina Charlotte Banking Trends 106

Independent Banker

JANUARY 31, 2023

Photos: Tyler Anderson/ProSport Management First Bank of Alabama partners with Talladega Superspeedway track to host a hands-on educational STEM program event for seventh graders. By Christyna Yang Talladega, Ala., is home to $900 million-asset First Bank of Alabama, but it’s also home to the Talladega Superspeedway, a famous NASCAR racetrack. It’s fitting, then, that Chad Jones, president and CEO, and Mitch Key, executive vice president and COO—both of whom grew up in or near Talladega—have dev

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Alabama Community Leadership Community Bank 160

Banking Exchange

JANUARY 30, 2023

Wyoming-based Custodia Bank’s request was “inconsistent with the required factors under the law”, the Fed said Compliance Lines of Business Duties Feature3 Feature Blockchain Bitcoin Cryptocurrency Digital

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Wyoming System Bitcoin cryptocurrency 88

Payments Dive

FEBRUARY 2, 2023

An exclusivity provision between the two companies has lapsed as the buy now, pay later arena becomes more competitive.

Company 435

Company 435

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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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ABA Community Banking

FEBRUARY 2, 2023

The story of Maggie Lena Walker and her mission to help Black women find financial empowerment and professional career opportunities. The post Black History Month: Maggie L. Walker’s Historic Mission of Financial Empowerment appeared first on ABA Banking Journal.

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Community Bank Community 98

Independent Banker

JANUARY 31, 2023

Photo by Chris Williams When we assemble at LIVE, it’s about coming together to ignite the passion for community banking on behalf of our communities in a way that moves the industry forward. The Hawaiian word for family is ‘ohana, and as we prepare to head to Honolulu for ICBA LIVE next month, I’m struck by how much that word describes this community.

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Community Bank Honolulu Community US 156

BankInovation

JANUARY 30, 2023

Credit unions and community banks are looking to digital communications platform Eltropy to strengthen call center authentication and ultimately reduce fraud as voice-cloning tools and advanced AI present more opportunities for fraudsters within financial services.

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Fraud Community Bank Community Tools 98

Payments Dive

FEBRUARY 1, 2023

The Australia-based buy now, pay later provider’s acquisitive days “are behind us, for now,” said CEO Larry Diamond.

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US 273

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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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TheGuardian

JANUARY 29, 2023

Rise in share income particularly steep for investors in banks and oil companies The regular dividends that investors receive from owning shares in UK-listed companies soared by 16.5% in 2022, far outstripping wage growth in either the private or public sector. Investors’ returns from underlying dividends – excluding volatile one-off payouts – reached £84.8bn during the year, partly owing to a £3.8bn boost from the weakness of the pound, which inflated the figures for dividends paid in dollars.

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Company 93

Independent Banker

JANUARY 31, 2023

Photo by Rido/Adobe Maximizing each step in the innovation journey, including the fintech evaluation process, will set you on the right path to a fruitful fintech partnership. By Charles Potts, ICBA When it comes to innovation, understanding how we do it may be even more important than why. With technology upgrades and customer experience consistently ranking as chief priorities for community banks, there’s no question that innovation serves as a strategic imperative.

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Fintech Innovation Community Community Bank 139

CFPB Monitor

FEBRUARY 2, 2023

In a win for Ballard Spahr client Specialized Loan Servicing LLC (SLS), the U.S. Court of Appeals for the Ninth Circuit recently held that SLS, a mortgage servicer, properly reported a Covid-19 forbearance plan under the CARES Act amendments to the Fair Credit Reporting Act (FCRA). The amendments require furnishers to “report [a consumer’s] credit obligation or account as current” if the furnisher agreed to provide forbearance or other relief on a consumer’s loan.

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Report 78

Payments Dive

JANUARY 30, 2023

The virtual card company said it would pay $275 million to buy the New York fintech that allows companies to manage their credit card programs.

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New York Cards Fintech Management 243

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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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