According to a recent survey about CECL, 64 percent of banks were still in the assessment phase and had not progressed toward implementation. Here are three resources that should serve as catalysts for your implementation efforts.
Check out our infographic to see some of the data from CSI's 2018 Banking Priorities Survey, and discover the three best ways to boost the customer experience for your bank.
Although 2018 may bring some surprises, there is little doubt about the major regulatory challenges that financial institutions will wrestle with this year. They will face effective dates for the Customer Due Diligence (CDD) and Home Mortgage Disclosure Act (HMDA) final rules, while also dealing with ongoing consumer protection and vendor management issues that remain hot examination topics.
If you want treasury management services to have a positive impact on your institution’s bottom line, you must charge fees for them. This seems like a basic principle, but many community banks provide treasury management services free of charge—either because they are afraid the fees will drive away business or because they have underestimated the value of the services themselves.
Two out of every three bank depositors are over the age of 50, and collectively their accounts make up 70 percent of bank deposit balances. Elder customers are incredibly valuable to institutions, and many experts consider elder financial exploitation to be the crime of the 21st century.
As more banking customers prioritize digital channels, Search Engine Optimization (SEO) has become imperative to the success of all financial institutions. Here are some ways your organization can out-rank the competition on search engines.
The Consumer Financial Protection Bureau’s (CFPB) recently published Consumer Protection Principles on consumer-authorized financial data sharing and aggregation represent ideal conditions for consumers, but making these conditions a reality will require significant coordination from all involved parties.