South State Correspondent
JULY 11, 2022
Email is one of the most effective bank marketing channels available. Most banks send emails with little regard to optimization – they create an email, then send it. Other banks, like ourselves previously, pour over countless amounts of data to optimize open rates, clicks, and conversions. Now, it is about personalization and using artificial intelligence (AI) to guide the effort.
Accenture
JULY 13, 2022
As the 21st century began, banks revolutionized bill payments by introducing online bill pay. Customers could finally ditch their check books and stop licking stamps. They simply had to log on, enter their biller information and make payments electronically. Customers loved the convenience of paying their bills in one centralized place, banks created more loyal….
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Payments Dive
JULY 14, 2022
The Federal Reserve plans to unleash a U.S. real-time payments system next year in the form of FedNow, but it’s an open question as to whether, or how, consumers and businesses will adopt instant payments.
Perficient
JULY 13, 2022
I will be sharing my personal experience with learning Power BI and clearing the PL-300 (Earlier called DA-100) exam. I hope this will help the other aspirants. I would not be compromising the signed NDA; hence no questions will be disclosed in this article. About the Exam : PL-300: Microsoft Power BI Data Analyst. Analyzing Data with Microsoft Power BI (PL-300) is the requirement for Microsoft Data Analyst Associate Certification.
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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.
South State Correspondent
JULY 14, 2022
Examining Bond Portfolio Trends: Second Quarter 2022. Beginning in May 2012, we started tracking portfolio trends of our bond accounting customers here at the Correspondent Division of SouthState Bank. At present, we account for over 130 client portfolios with a combined book value of $13.5 billion (not including SouthState Bank), or $104 million on average per portfolio.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
JULY 12, 2022
The Australian company will pay $11 million to Sezzle after it dropped a plan to purchase the Minneapolis-based company in the face of “macroeconomic and market conditions.
Perficient
JULY 11, 2022
Buy now, pay later (BNPL) is a type of point-of-sale installment loan that partners with retailers to allow consumers to pay for their purchases in multiple equal payments. One could consider it the “layaway of the digital age,” except unlike with layaway, the consumer does not have to pay in full before taking their purchase home, using the service, obtaining the tickets to an event or destination, etc., which is a huge draw to using BNPL as a non-cash payment method.
South State Correspondent
JULY 13, 2022
Once Again, CPI Hotter Than Expected. Once again CPI disappointed markets with a hotter-than-expected read and that has sent Treasury yields higher once again. The overall inflation rate rose 1.3% for the month which was above the 1.0% increase in May and higher than the 1.1% expected. The 1.3% is a new cycle high. The increase was broad-based but gas (11.2%), food (1.3%), and shelter prices (0.6%) were the primary culprits.
CFPB Monitor
JULY 12, 2022
In Mortgagee Letter 2022-09 dated July 7, 2022, the U.S. Department of Housing and Urban Development (HUD) sets forth new flexibility in underwriting guidelines for calculating effective income for Federal Housing Administration (FHA) insured loan applicants who incurred a reduction or loss in income as a result of a COVID-19 Economic Event. The guidance in the Mortgagee Letter is effective for Title II single family forward mortgage loans with case numbers assigned on or after September 5, 202
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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
Payments Dive
JULY 12, 2022
Public transport is expected to become a driver of contactless payment usage, especially as environmentally conscious commuters get on board, suggested a survey by card network company Visa.
Perficient
JULY 12, 2022
Across financial services – industries such as banking, wealth management, and insurance – the need for greater personalization has been a theme for several years. Fueled by consumers’ willingness to share their data in return for timely and relevant experiences, personalization requires continually learning about the customer and applying this knowledge into the relationship and creating authentic, individualized experiences.
South State Correspondent
JULY 10, 2022
At this point in the business cycle, we believe that community banks should migrate to higher credit quality loans. However, in response to our last few blogs, some community bankers told us they have few opportunities to originate loans at 1.75X debt service coverage ratio (DSCR) and sub 60% loan-to-value (LTV). We believe that the issue some community banks face is survivorship bias, which can be easily remedied.
BankUnderground
JULY 13, 2022
David Ronicle. Macroeconomic outcomes in Britain’s interwar years were terrible – they featured two of modern Britain’s worst recessions, unemployment twice peaked above 20% and was rarely below 10% and there were two periods of chronic deflation. Policy, meanwhile, was pulled in multiple directions by multiple objectives – employment, price and financial stability and debt sustainability.
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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.
Payments Dive
JULY 11, 2022
In-store spending in June rose 11.7% over last year while e-commerce sales grew at a slower 1.1% pace, excluding auto and gas expenditures, according to Mastercard.
Perficient
JULY 15, 2022
For those of us closely looking over bank results for any signs of an economic recession, there is more evidence that we’ll be there soon if we’re not already here. Wells Fargo announced on July 15 th that revenue and profits missed estimates. Of interest was CEO Charlie Scharf expects “credit losses to increase from these incredibly low levels,” and the bank had sharply increased its provision for credit losses in the quarter from a year earlier.
South State Correspondent
JULY 11, 2022
Investors Brace for Hot June CPI Report and So-So Retail Sales. Two factors will probably drive most of the price action this week and that’s Wednesday’s June CPI Report and Friday’s Retail Sales. Also, in the background keeping pressure on prices will be reopening auctions of 10yr notes tomorrow and 30yr bonds on Wednesday. Those auctions should keep any rallies in check if not bring some selling pressure in order to move the new debt.
ATM Marketplace
JULY 15, 2022
Self-service banking will be a major topic at the upcoming Bank Customer Experience Summit, being held in Chicago from Aug. 31 to Sept 1. In fact, an entire panel, entitled "Self-service Strategies for Success," will address the technology in detail.
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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
Payments Dive
JULY 12, 2022
The Birmingham, Alabama-based fintech says there is room to grow in the $8 trillion market for business-to-business payment software services.
Perficient
JULY 13, 2022
Back in May, we wrote about how various factors were converging to put a world of hurt on auto lenders. Auto loan originations hit a record high during the pandemic, total outstanding debt grew, and constrained inventory and pent-up demand drove new and used car prices (and monthly payments) to record highs. We highlighted the risks to auto lenders who financed vehicles at elevated prices and would inevitably find themselves underwater as the chip shortage eased, expanding the pool of vehicles t
Bobsguide
JULY 14, 2022
Compass Plus Technologie s has picked up two awards in the Global Banking & Finance Awards 2022. The awards have been running since 2011 and aim to recognise businesses driving innovation, progressive and inspirational changes within the global financial sector. The first accolade received by Compass Plus Technologies was for Best Banking Technology Overhaul Project in recognition of its recent achievements with the Central Bank of Mongolia.
ATM Marketplace
JULY 12, 2022
The opening keynote for the Bank Customer Experience Summit, being held in Chicago from Aug. 31 to Sept. 1, will examine the future of bank branches.
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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.
Payments Dive
JULY 11, 2022
Rectangle Health said it’s partnering with Healthcare Finance Direct to provide buy now-pay later financing to patients that want the option to pay their healthcare bills over time.
BankInovation
JULY 12, 2022
U.K.-based fintech GoHenry, which provides pre-paid debit cards and a financial education app for children, this week announced its acquisition of France-based startup Pixpay, a challenger bank for tweens and teens. Terms of the deal were not disclosed. The deal will afford GoHenry the opportunity to expand into Europe, Dean Brauer, co-founder and president of […].
Bobsguide
JULY 14, 2022
Now in its 6th year, the Annual Flagship Australian FinTech Industry Conference – Intersekt, is the leading and most thought-provoking conference. Held from the 7th to 8th of September 2022 at the Grand Hyatt, Melbourne , Australia, it is the largest gathering of Australian Fintechs, hubs, accelerators, policymakers, regulators, investors and advisors, devoted to examining, discussing and unlocking the potential of Australia’s Fintech market.
TheGuardian
JULY 15, 2022
Company says it was faced with ‘run on the bank’ amid ‘cryptopocalypse’ as investors raced to withdraw assets The cryptocurrency platform Celsius Network was left with a $1.2bn (£1bn) deficit after suffering from a digital version of an old-fashioned “run on the bank”, according to its bankruptcy filing in the US. Blaming a combination of its own poor decisions, a global “cryptopocalypse” and unfavourable media coverage, the company filed for Chapter 11 – a US process that allows companies to tr
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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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