South State Correspondent

DECEMBER 25, 2024

To ring in and celebrate the New Year, check up on your bank’s future financial health. Based on the 2007 to 2010 bank failure experience, we modeled the financial health of every bank using the last 16 quarters of historical performance. We have also created projections for the next 18 months. Each bank has an overall letter grade (below), plus a grade for the individual categories of capital formation/stability, efficiency and profitability.

How To 195

How To Resources Community Bank Groups 195

Jack Henry

DECEMBER 23, 2024

As we wrap up an eventful year, it's essential to reflect on the key insights and innovations that have shaped the financial industry.

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Industry Innovation Resources 88

BankBazaar

DECEMBER 21, 2024

Mastering your personal finances doesnt have to be a complicated slog through spreadsheets and jargon-laden investment strategies. Armed with a few simple math tricks, you can take control of your money with clarity and confidence. Bonus: these tricks are so user-friendly they might even make budgeting feel fun? Okay, at least satisfying. Here are some delightful and practical math hacks to help you ace everything from budgeting to saving and even negotiating.

Strategy 78

Strategy Trends Examples Millennials 78

American Banker

DECEMBER 24, 2024

Fintech lenders often get criticized for high rates or fees on their consumer lending. But there's an argument to be made that the alternatives are worse.

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Fintech Lending Technology 74

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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.

Operations

American Banker

DECEMBER 25, 2024

Banks such as TD, Wells Fargo and Bank of America drew attention this year for money-laundering issues. That's one of several top regulatory news items in 2024.

America 73

America Analysis FDIC Capital 73

Jeff For Banks

DECEMBER 27, 2024

I often hear that credit unions (or mutual banks) don't have to maximize profits because they don't have shareholders. This is technically correct. Shareholders demand a return in the form of capital appreciation on the stock and the dividends paid per share, also known as total shareholder return (TSR). Credit Unions, however, do have owners that they call members.

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Resources Capital Community Georgia 111

TheGuardian

DECEMBER 22, 2024

Customers face severe consequences as banks and building societies close accounts typically set up to help vulnerable people People with disabilities are facing potential hardship because banks are scrapping trust accounts that allow money to be managed safely on their behalf. Victims awarded personal injury settlements and those with learning difficulties are among those facing severe consequences as accounts are closed or frozen by high street banks and building societies, according to campaig

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Management Regulation 92

American Banker

DECEMBER 24, 2024

Banks can and should play a key role in giving members of minority groups and other underserved communities the tools they need to navigate an increasingly complicated financial landscape.

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Community Tools Groups 83

The Financial Brand

DECEMBER 26, 2024

This article How In-Person Banking Can Survive the Digital Age appeared first on The Financial Brand. Real innovation in the bank branch experience is possible, as demonstrated by these concepts from around the world. This article How In-Person Banking Can Survive the Digital Age appeared first on The Financial Brand.

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Branding Innovation Branch Strategies Digital Banking 33

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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.

Lending

Abrigo

DECEMBER 26, 2024

Financial institutions' will focus on these concerns related to AML and fraud Abrigo asked financial institution clients and our Advisory Services team to identify the top issues for 2025. Heres what they said. Key topics covered in this post: Ensuring compliance with AML/CFT program requirements Enforcement emphasizes staffing Integrating AI to fight AI-generated fraud Cybersecurity and evolving fraud threats AML/CFT program compliance Among the hottest issues facing AML/CFT and fraud staff is

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Fraud Compliance South Dakota Resources 195

TheGuardian

DECEMBER 27, 2024

A checklist of vital tasks throughout the year, from filing your tax return to making the most of your holiday cash The new year is almost upon us and you may have started filling in your phone planner for 2025 or scribbling key dates on next years family calendar. But its not just birthdays, weddings and get-togethers to keep in mind there are various tasks and bits of life admin (some nice, others not-so-nice) to grapple with in 2025.

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Taxes US Industry Cards 95

American Banker

DECEMBER 23, 2024

The U.S. is risking the status of the dollar as the world's reserve currency by delaying the launch of a central bank digital currency. Adopting a "federated" version of a CBDC could answer the concerns of many skeptics.

Leadership 83

Leadership US blockchain Technology 83

The Financial Brand

DECEMBER 22, 2024

This article Timing, the New Way to Outcompete Peers for Time Deposits appeared first on The Financial Brand. In a landscape where $2.5 trillion in bank CDs will mature by 2025, timing isn't just everything it's the key to winning depositor dollars. Here's how timing will affect deposit competition in the year ahead. This article Timing, the New Way to Outcompete Peers for Time Deposits appeared first on The Financial Brand.

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Branding Seattle FDIC 17

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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.

Analysis

The Emmerich Group

DECEMBER 23, 2024

Ready to unlock the secrets of high-performance cultures? Click here to access exclusive tools and insights, including Next Action Templates and the National Study of High-Performance Culturesyour roadmap to driving growth and profitability today. So, you can disagree without being disagreeable. Have you ever worked with someone who just seems to be constantly, well, disagreeable?

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Video Tools Resources Study 36

American Banker

DECEMBER 27, 2024

The tiny community bank handled hundreds of millions of bulk cash shipments from Mexico without red-flagging any of them, the agency said. The bank has filed a motion to dismiss.

FDIC 76

FDIC Community Bank Community Compliance 76

American Banker

DECEMBER 26, 2024

With transparency, security and reliability embedded at its core, a blockchain is not merely a way to enhance existing systems it represents a model for what banking should aspire to be.

blockchain 76

blockchain Technology System Security 76

American Banker

DECEMBER 27, 2024

Banking regulators hit companies with penalties for poor interest-rate risk, third-party management, anti-money-laundering controls and consumer protection, among other violations.

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Regulation Management Company Compliance 73

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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

Cards

American Banker

DECEMBER 23, 2024

The custody bank achieved its goal for the amount of deposits it placed into minority banks and community development financial institutions by the end of the year.

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Community 78

American Banker

DECEMBER 23, 2024

The Consumer Financial Protection Bureau sued Walmart and payment app Branch Messenger, accusing them of illegally opening 1 million deposit accounts and charging $10 million in fees.

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Payments Analysis Compliance Regulation 77

American Banker

DECEMBER 27, 2024

In a collaboration with Coinbase and Flexa, Regal theaters now accept on-chain U.S. digital currency payments for movie tickets and concessions; the Bank of Nova Scotia has completed its second investment in KeyCorp; Fiserv entered into a definitive agreement to acquire Canadian-based payments fintech Payfare; and more in this week's banking news roundup.

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Payments Fintech Industry 69

American Banker

DECEMBER 23, 2024

Bank of America must overhaul anti-money-laundering protocols and hire third-party consultants, but will not face growth limits, following OCC action for compliance deficiencies.

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America Compliance Regulation 74

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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

Community Bank

American Banker

DECEMBER 26, 2024

Looking back at the year, this is how they impacted the financial services industry.

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Industry 68

American Banker

DECEMBER 24, 2024

On her way out the door, SBA Administrator Isabel Casillas Guzman issues licenses to four more nondepository lenders.

Community Bank 69

Community Bank Community Lending 69

American Banker

DECEMBER 26, 2024

A roundup of the past year's profiles of senior executive women in banking and finance.

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American Banker

DECEMBER 24, 2024

The Treasury Department extended deadlines for businesses to file beneficial ownership information after a court lifted a nationwide injunction on the reporting requirements.

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Report Compliance Regulation 68

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Download the latest edition of GoDocs' "The Lender's Guide to Automating the Complex Loan." This comprehensive guide offers financial institutions valuable insights into document automation for complex commercial loans. It unpacks the intricacies of complex loans and showcases how an automation platform like GoDocs — the leading commercial loan closing platform — delivers impressive benefits and ROI to any FI.

Lending