December 7 – As 2016 draws to a close Juniper Research has drawn up a list of predictions for the coming year, all neatly wrapped up as the top trends for the technologies industries for 2017. A free report and slide set detailing the findings are available to download from the Juniper website today.
Search Results: bank
December 6 – -Fiserv, Inc., a leading global provider of financial services technology solutions, has announced that First Financial Bank in Bessemer, Alabama, has selected Fiserv as its new technology partner. The bank was looking for a partner with a strong investment in research and development, innovative solutions and a high level of client support.
December 2 – Centric Financial Corporation, parent company of Centric Bank, has been recognized by the U.S. Small Business Administration as the Eastern District of Pennsylvania’s #1 lender in total loan dollars. Centric Bank approved 50 SBA loans totaling $38.5 million and has become a catalyst for job growth in the central Pennsylvania and suburban Philadelphia regions.
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.
December 2 – BBVA Compass scored a breakout role in CFO magazine’s annual Commercial Banking Survey, becoming the only bank to land in the top three across all criteria on which senior financial executives judged their banks.
December 2 – The Federal Home Loan Bank of Chicago (FHLBC) has announced that more than $23.5 million was granted through its competitive Affordable Housing Program (AHP) to help finance 39 affordable housing projects located primarily in Illinois and Wisconsin. Click here to view descriptions of the 2016 AHP awards.
December 2 – Citizens Bank has announced that it will offer digital investing capabilities for consumers through its affiliate Citizens Investment Services, as part of its growing Wealth Management platform. The service, expected to be available in early 2017, will be offered through an agreement with SigFig, a leading wealth management technology provider.
December 1 – Who is more likely to contact their bank’s call center – millennials or boomers? The answer may surprise you. The report by Bain & Company, titled Bank Branch/Call Center Traffic Jam, asked “why do customers keep visiting tellers and calling the contact center?”
The report reveals that while mobile adoption is high at 82 percent among millennials, 86 percent still visited a teller in the last three months and 60 percent called the contact center. Among those 55 and older, only 42 percent contacted their bank via phone. Younger customer also call more frequently: on average, they called their bank 1.4 times over a three month period, while older customers called only 0.5 times.
November 29 – Fueled by loan growth, community bank revenue outpaced the rest of the banking industry in the third quarter, according to the FDIC’s latest Quarterly Bank Profile. Commercial banks and savings institutions insured by the FDIC reported aggregate net income of $45.6 billion, up $5.2 billion (12.9 percent) from the prior year quarter. The increase in earnings was mainly attributable to a $10 billion (9.2 percent) increase in net interest income and a $1.2 billion (1.9 percent) rise in noninterest income. (more…)
November 29 – A new study, “Dynamics of Yield Gravity,” shows that banks are at risk of not having enough term liquidity (Certificates of Deposits) during the next financial crisis that would be needed to comply with the latest liquidity requirements of the FDIC. That’s because interest rates of deposits lack the ability to attract term deposits during times of high money anxiety, according to a new peer reviewed scientific study by Dr. Dan Geller and Professor Nahum Biger.