The Financial Brand

OCTOBER 18, 2023

This article Marketing Emphasis Drives Loan & Deposit Growth for Community Banks: Study appeared first on The Financial Brand. As deposit pressure mounts industrywide, a study of banks with under $2 billion of assets makes a case that bigger marketing budgets can help. This article Marketing Emphasis Drives Loan & Deposit Growth for Community Banks: Study appeared first on The Financial Brand.

Community Bank 37

Community Bank Study Community Marketing 37

South State Correspondent

OCTOBER 19, 2023

If you want to know if your bank has an alignment problem, ask ten co-workers, ”What is your bank’s brand value proposition? If 80% or more say close to the same thing – that is fantastic, and you are likely in the top 1% of bank performance. If 60% of your co-workers say the same thing, move on, as that is good enough not to prioritize bank alignment.

Branding 195

Branding Marketing Company Industry 195

Gonzobanker

OCTOBER 19, 2023

Could lending performance data be the secret to limitless growth? Most lenders have a decent handle on their data—at least, the data they know. However, many lenders struggle with accessing additional data that can help them get more loans and increase penetration in certain loan products. And because current data is frequently siloed, lenders who are unable to “read between the lines” of the data miss out on the ability to identify tangible outcomes.

Data 78

Data Lending Examples Strategy 78

Abrigo

OCTOBER 16, 2023

Advice from a former credit union BSA Officer A former compliance officer offers considerations for creating a successful and compliant AML program at your credit union. You might also like this resource: "Building a strong future: Succession planning strategies for you AML program." Watch webinar Takeaway 1 Recent FinCEN consent orders show that weak compliance programs are coming under more scrutiny, especially at gap institutions.

Training 195

Training Compliance Fraud Policies 195

Advertisement

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.

Groups

South State Correspondent

OCTOBER 18, 2023

Grid-based pricing is typically used to set the applicable margin of a loan based on specific performance measures, such as credit rating or cash flow coverage. However, grid-based pricing can also be used to increase deposit balances. The average borrower does not calculate their cost of borrowing and return on deposits on the economic value as determined by fund transfer pricing (FTP).

Community Bank 195

Community Bank Community Industry Operations 195

American Banker

OCTOBER 16, 2023

The simple act of disclosing their sensitivity to interest rate changes would bring market discipline to the banking industry's choices about interest rate risk.

Industry 92

Industry Marketing Compliance Regulation 92

Abrigo

OCTOBER 19, 2023

Ideas for educating and promoting cybersecurity in October Cybersecurity Awareness Month is an opportunity for banks and credit unions to promote online safety and take steps to reduce cyber risks. You might also like this whitepaper: "Protecting banking customers starts with you." DOWNLOAD Takeaway 1 Cybersecurity Awareness Month, in its 20th year, highlights the shared responsibility of everyone to safeguard their digital data and assets.

Online 221

Online Security Resources Training 221

Abrigo

OCTOBER 17, 2023

Why change management is vital for banks and credit unions Regulators promote change management to manage risk, but banks and credit unions can also achieve important benefits when they manage change. You might also like this 7-step guide to a successful software implementation. DOWNLOAD Takeaway 1 Financial institutions should review change management processes, given the ever-evolving landscape and examiners' attention.

Management 195

Management Lending Risk Management Strategy 195

Payments Dive

OCTOBER 18, 2023

While investments in payments startups dropped during the third quarter, U.S. companies attracted the most funding, according to a CB Insights report.

Payments 243

Payments Report Company 243

Advertisement

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

Community Bank

SWBC's LenderHub

OCTOBER 16, 2023

Overall, the financial sector appears well positioned for an economic downturn. Arguably, the predicted recession has been one of the most forecasted in economic history. As such, financial institutions have had plenty of time to prepare their balance sheets accordingly, which they have.

147

147

BankInovation

OCTOBER 17, 2023

Barclays online and mobile banking systems were down for two hours today, with the London-based bank’s clients were unable to access their accounts, the bank said on X, formerly known as Twitter. During the outage, $1.

Online 142

Online Mobile social media System 142

Abrigo

OCTOBER 19, 2023

Abrigo has been awarded a G2 “Leader” badge award for its loan origination and anti-money laundering solutions. Along with these recognitions, Abrigo won “Best Support” and “Easiest to Do Business With” badges for its loan origination platform. What is a G2 award, and why is Abrigo so proud of this win? G2 is the world’s largest and most trusted tech marketplace where users can discover, review, and manage software.

Software 221

Software Lending Resources Community 221

Payments Dive

OCTOBER 20, 2023

The Fed hasn’t changed a debit card fee cap since it was put in place in 2011, but it's planning to take up the issue at a meeting next week.

Cards 435

Cards Meeting 435

Advertisement

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.

Lending

BankUnderground

OCTOBER 19, 2023

Simon Lloyd, Daniel Ostry and Balduin Bippus How much capital flows move exchange rates is a central question in international macroeconomics. A major challenge to addressing it has been the difficulty identifying exogenous cross-border flows, since flows and exchange rates can evolve simultaneously with factors like risk sentiment. In this post, we summarise a staff working paper that resolves this impasse using bank-level data capturing the external positions of UK-based global intermediaries

Capital 132

Capital Lending Policies Data 132

CFPB Monitor

OCTOBER 17, 2023

The Consumer Financial Protection Bureau and Department of Justice have issued a joint statement regarding “the potential civil rights implications of a creditor’s consideration of an individual’s immigration status under the Equal Credit Opportunity Act (ECOA).” The agencies begin the statement by observing that while ECOA and Regulation B do not expressly prohibit consideration of immigration status, they do prohibit creditors from using immigration status to discriminate on the basis of natio

National 103

National Regulation Lending 103

Abrigo

OCTOBER 16, 2023

Advice from a former credit union BSA Officer A former compliance officer offers considerations for creating a successful and compliant AML program at your credit union. You might also like this resource: "Building a strong future: Succession planning strategies for you AML program." Watch webinar Takeaway 1 Recent FinCEN consent orders show that weak compliance programs are coming under more scrutiny, especially at gap institutions.

Training 221

Training Compliance Fraud Policies 221

Payments Dive

OCTOBER 20, 2023

The rule makes it easier for consumers to share deposit account and credit card data with fintechs, the Consumer Financial Protection Bureau said.

Fintech 392

Fintech Cards Data 392

Advertisement

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

Cards

TheGuardian

OCTOBER 19, 2023

Undeterred after being charged over separate demonstration, Thunberg joined fossil fuel activists outside JP Morgan in Canary Wharf UK politics live – latest updates Business live – latest updates Greta Thunberg has taken part in climate protests in London for the second time this week, protesting outside the JP Morgan headquarters in Canary Wharf. Apparently undeterred after being arrested and subsequently charged with a public order offence after a protest on Tuesday, the Swedish campaigner jo

Company 112

Company Industry 112

Realwired Appraisal Management Blog

OCTOBER 19, 2023

I know you can run a world-class appraisal department…but will you? Can you focus on your health, get a business coach, or take an amazing vacation? I know you can, but will you? Once you see this distinction, it’s everywhere.

105

105

Jack Henry

OCTOBER 19, 2023

We took our “final lap” today at the Indiana Convention Center and hope you’ve enjoyed your time with us, because we’ve loved coming together with you to form connections in Indy.

Indiana 88

Indiana US 88

Payments Dive

OCTOBER 20, 2023

Businesses are increasingly turning to same-day ACH payments this year, according to Nacha, a national clearinghouse that manages electronic money movement.

Payments 312

Payments National Management 312

Advertisement

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.

Analysis

ATM Marketplace

OCTOBER 17, 2023

A panel of industry experts convened to discuss this and strategies for businesses during this year’s Interactive Customer Experience Summit in Charlotte, North Carolina.

North Carolina 99

North Carolina Charlotte Customer Experience Strategy 99

CFPB Monitor

OCTOBER 19, 2023

The Board of Governors of the Federal Reserve (FRB) is holding an open meeting on October 25, 2023 to discuss proposed revisions to the Board’s debit interchange fee cap contained in Regulation II, which implemented the Durbin Amendment. For large issuers (with $10 billion or more in assets), Section 235.3(a) of Regulation II requires an issuer to charge interchange fees that are “reasonable and proportional to the cost incurred by the issuer with respect to the electronic debit transaction”

Cards 88

Cards Regulation Meeting 88

Jack Henry

OCTOBER 17, 2023

Last night we kicked off the conference and had a great time during the Welcome Reception at Lucas Oil Stadium – home of the Indianapolis Colts, the Big Ten Football Championship Game, and other popular events.

Indianapolis 88

Indianapolis Conference 88

Payments Dive

OCTOBER 16, 2023

Carat’s recent expansion of its relationship with customer Inspire Brands “is what ‘good’ looks like in many ways for us,” said Casey Klyszeiko, the head of Fiserv’s global commerce platform for large clients.

Branding 284

Branding US 284

Advertisement

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

Community Bank