December 8 – FIS, a global leader in financial services technology, has announced the launch of a network of early-stage fintech companies with direct applicability to the financial services ecosystem served by FIS. The FIS HiPo (short for “high potential”) Network is a collection of firms that have demonstrated substantial promise in the development of new tools and technologies that deliver purposeful innovation for our clients around the world.
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December 2 – Bank of the West has been chosen as one of the winners of the Javelin Online Banking Leader awards for financial institutions (FIs) that distinguished themselves from the competition by providing the outstanding online banking experiences for their customers.
November 11 – As the season of giving draws closer and year-end tax planning shines a spotlight on philanthropy, Bank of the West Wealth Management Group is helping clients think beyond charitable giving and consider how individuals and organizations can align their values with their portfolios. Through purpose-built philanthropy, Bank of the West educates and empowers investors to think strategically and holistically about philanthropic goals and identify ways to deploy capital to meet those goals – aligning values and meaning with various asset classes.
September 30 – Recognized every October, National Cybersecurity Awareness Month (NCSAM) was created as a collaborative effort between government and industry to ensure all digital citizens have the resources needed to stay safer and more secure online while also protecting their personal information.
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.
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…)