Small businesses have long been a vital part of the U.S. economy. But, recently, they have faced their share of challenges, presenting an excellent opportunity for community banks to be instrumental in driving their success.
This paper explores the needs of the emerging credit union model and how Harland Financial Solutions’ PhoenixEFE® meets the needs of the extended financial enterprise by transforming the core into one comprehensive, enterprise-wide solution.
What does business intelligence do for a financial institution? The best business intelligence tools give financial institutions a holistic view of their customer and member relationships and brings in data feeds from various banking systems, including credit, debit, trust, investments and insurance, then overlays this information with demographics, psychographics and behavioral models. It is the only repository of its type to provide this kind of comprehensive, holistic view. Find out why business intelligence provided by the MCIF is essential in today’s challenging climate in order to increase marketing response rates and decrease costs.
The $25 billion foreclosure settlement is the largest of its kind since the $206 billion tobacco settlement of 1998. Similar to the tobacco settlement, the foreclosure settlement (Settlement) will have a far-reaching impact beyond the parties who negotiated and agreed to its terms. The agreement will be the starting point for new servicing rules expected to be proposed by the CFPB later this year. This white paper takes a closer look at the Settlement’s servicing requirements and where they will likely lead regulators and the mortgage industry.
The next evolution of self-service is person-to-person (P2P) payments, the ability to transfer funds between one person’s deposit or savings account to another person’s deposit or savings account. It seems like a small thing, but it brings a big opportunity to financial institutions, ranging from fee income to enhanced consumer loyalty. Now, more types of companies – from social networking to search engines to electronic music sites – are beginning to offer their own flavor of these electronic payment options, including P2P. Wouldn’t you rather your customers and members come to you for any service related to finance? The good news is, adding your own integrated P2P option to your Internet and mobile banking solution does not have to be risky, complex or expensive, if you make the right choice.
In today’s world of commercial credit risk management, stress testing the loan portfolio has become commonplace. Until recently, however, the concept of stress testing was new to many. This white paper covers the different types of stress testing and how they give valuable insight into an institution’s portfolio.
The ability to rate risk is at the core of what we do as lenders. It forms the basis of pricing from which nearly all revenue flows to our organization. This white paper covers some incisive strategies for effective risk rating.
June 28, 2011, the Federal Financial Institutions Examination Council (FFIEC) issued a supplement to its 2005 guidance on Authentication in an Internet Banking Environment. The 2005 guidance and 2011 supplement set forth minimal supervisory expectations for authentication controls applicable to high-risk online transactions involving access to consumer information or the movement of funds to other parties. Examiners will begin formally assessing institutions under the 2011 supplement beginning in January 2012.
Exceptions are a central element of bank lending policy. Credit policy rules are the way a bank steers lending operations toward the planned business objectives. Exceptions are violations of the rules, and they provide early-indicator warnings of lending problems. This white paper covers how tracking exceptions in aggregate can be very beneficial to a learning and adaptive organization in its quest for operational excellence.