September 27 – First National Bank of Pennsylvania, the largest subsidiary of F.N.B. Corporation, has introduced CardGuardSM, the latest upgrade to the FNB Direct mobile banking app. CardGuard gives FNB customers real-time control over how their debit card is used, providing enhanced protection against fraud and improved budgeting support.
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March 4 – Community Bank of Bergen County, N.J., has launched its BankExpress Mobile Deposits app which offers a convenient and safe way for Bank customers to manage their deposits on the go. It is available to iPhone and Android users and is an extension of the BankExpress mobile app which offers customers the opportunity to check account balances, make checking deposits, transfer money between CBBC accounts, pay bills, locate a branch or ATM and make payments through Popmoney.
January 25 – Banc of California has expanded its commercial and private banking product offerings to include foreign exchange and interest rate swaps. Banc of California now offers foreign exchange and international wire services in over 100 currencies worldwide as well as a complete interest rate risk management solution for clients.
December 17 – The average time to close a loan increased by three days to 49 total days in November, the longest time to close since February of 2013, according to the latest Origination Insight Report released by Ellie Mae (NYSE:ELLI), a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. The average time to close FHA, Conventional and VA loans all increased to 49, 49 and 50 days, respectively. The increase could be due to lenders adjusting to the new RESPA-TILA (Know Before You Owe) regulations. (more…)
by Tom Hagin
Q: It’s getting increasingly difficult to find and keep experienced staff to help manage our financial institution’s IT needs. It’s like a revolving door—seems like as soon as we’re comfortable with an employee, they leave for a better offer. As the COO, I’m then stuck with their IT duties in addition to my own. But I’m having trouble getting other senior management’s buy-in for outsourcing to a managed services provider. How can I convince them that an MSP is the way to go?
March 31 – The ATM Industry Association announced today that it has created a new level of membership specifically for financial institutions. Although FIs have always been an important segment of the membership, this new level combines selected benefits into a package that ATMIA expects to be of particular interest to banks and credit unions of all sizes. (more…)
October 23 – Refinancings as a percentage of overall mortgage volume jumped 3 percent from August to account for 36 percent of closed loans in September, according to the latest Origination Insight Report released by Ellie Mae, a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. The September 2014 report also found the closing rate on mortgage refinancings fell nearly 6 percent to 48.3 percent in September, the lowest since February.
September 5 – Banc of California, N.A., the banking subsidiary of Banc of California, Inc., has announced its Community Benefit Goals which demonstrate the positive benefits that the closing of the pending Popular Community Bank branch acquisition will have for the communities it serves.
September 3 – Cardlytics, a leader in card-linked marketing, has released its latest white paper: “Benefits of Card-Linked Marketing: Increased Card Usage and Decreased Customer Attrition.” The white paper examines the impact of interchange fee limits on customer engagement programs, then goes on to document how the Cardlytics Card-Linked Marketing program in place at Bank of America, PNC Bank, Regions Bank and hundreds of others, has stayed attrition and increased debit and credit card use and spending.
July 16 – The ATM Industry Association (ATMIA) has announced that a task force of ATMIA members will meet on Tuesday, July 22, with the Federal Reserve Board of Governors in Washington, D.C. ATMIA requested the meeting to address growing concerns over the routing of ATM debit transactions.