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- I recently had a customer ask if they could have a copy of all our underlying data.I didn’t even hesitate to say yes.
Obviously they had to pay something for it, But in my mind, a billion raw data points isn’t all that valuable. In fact, you could find it all yourself - For…
- Hearing business leaders complain about their talent pool drives me INSANE!
Sure it would be nice to have all A+ talent, But what these complainers don’t realize is that nobody is measuring them based on their accomplishments…. They…
- Teaching my daughter to ski in just a day and a half taught me more than it taught her.
I knew from the beginning that the most important thing would be getting her comfortable with speed. Open-air speed was new to her and she would need to move…
- DOJ Announces $9M Redlining Settlement with OH Bank
The United States Department of Justice recently announced…
- Banking is the simplest business in the world.“Before the quarter starts, you know where 90% of your income is coming from.All you have to do is get the final 10% right.”
I LIVED by those words from a wise mentor when I became president of a bank. Believe it or not, it was a new experience for me to have full P&L responsibility…
- New CFPB Report Highlights BNPL Benefits and Risks
A new report from the Consumer Financial Protection Bureau was published this week, and provided insight into consumer use of Buy Now, Pay Later options. The…
- It’s A Wonderful Life isn’t a Christmas movie…
It’s a banking movie. Remember the scene where everyone comes running into the bank wanting their money? In just a few sentences, George explains the…
- RHC to Create Black-Owned Bank Through Acquisition
In a press release…
- "The early bird gets the worm,But the second mouse gets the cheese."Which one should your business be?
In every business and every industry, one of these will apply, you just have to know which one. Take Uber for example. They might have been the early bird in…
- I ran a bank.But the most cash I’ve ever seen was $420k on 4/20/20 ????
I was consulting on underwriting with a small community bank that just so happened to do a lot of business with marijuana companies. Suddenly, one of the…
- Amazon has about 1,608,000 employees.
But just 1,269 of them do HALF the work. Just ask Derek Price. Derek Price analyzed an abundance of research and found that within a company, half of the work…
- CFPB Funding Case Heads to Supreme Court
The United States Supreme Court has agreed to consider a case involving the constitutionality of the Consumer Financial Protection Bureau’s CFPB funding…
- Regulators Urge Banks to Address Crypto Liquidity Risks
A group of U.S. regulatory agencies released a joint statement https://www.federalreserve.gov/newsevents/pressreleases/bcreg20230223a.htm this week, calling on…
- The Dos and Don'ts of Bankruptcy
Navigating the Process with Confidence I. Introduction Bankruptcy is a legal process that offers individuals and businesses a way to eliminate or repay their…
- The Ultimate Guide to Bank Loans: How to Find the Best Deal and Avoid Getting Burned
I. Introduction A bank loan is a type of financing that involves a borrower receiving money from a bank or other financial institution and agreeing to repay it…
- Understanding Banking Institutions
Your Guide to Making Informed Choices I. Introduction Banking institutions are a fundamental part of the financial system in the USA. They provide essential…
- Major Banks Restricting Use of ChatGPT
Several major banks have reportedly decided to restrict the use of OpenAI’s ChatGPT chatbot by their employees, according to a report…
- Today's economy is on the cusp of recession.
Will it look like the 1970's Stagflation? \--- ???? Follow Brian on…
- FDIC IG Report Focuses on Agency’s Challenges for the Future
The Federal Deposit Insurance Corporation FDIC Office of Inspector General OIG recently delivered a report outlining the key challenges faced by the agency in…
- “Starting a bank” was never on my to-do list.
But that’s exactly what I did - In 2008. Good timing. I was working with GE when I was asked to join 2 partners to start a bank in Utah. Just 1 problem - I…
- Your product will never reach its full potential if your customers have no say in development.
One Visbanking client highjacked our plans for a week. Here’s what happened: /images/2023/02/1677159004968.jpg Recently, one clients approached us with a need…
- Visbanking finds 5 banks (min. $50 Million in Assets) with a greater than 70% probability of failure in 2023.
/images/2023/02/1676986204187.jpg We created a proprietary Predictive Model for Bank Failure based on linear regression and machine learning that uses over 20…
- Bill to Rein in IRS Powers Earns ABA, Chamber Support
A newly legislative proposal to block the Biden administration’s efforts to increase IRS powers to force banks to disclose private bank account information to…
- Goldman Sacks, BofA Predict 3 More Interest Rate Hikes in 2023
Major banks have recently weighed in with their expectations for additional Federal Reserve interest rate hikes, forecasting that the central bank will raise…
- If you want your bank to be the most profitable in the long run - make the most of your CRM.
Here’s 4 steps to use within your CRM to boost your profitability. 1/ Uncover Customer Interests Start by getting to know your customers inside and out. When…
- History doesn’t repeat itself.
Every single moment is unique. Sure, there may be similar themes and parallels, but there are always new players, shifting circumstances, and evolving trends.…
- I was heading out the door for work when my son made a strange request.
"Dad, can I skip school for a day and come to work with you?" I was pretty surprised by the ask, as my son loves school, but I agreed to let him come with me…
- What was the last financial service you bought?Why did you buy it?
I bet it ties back to 1 thing: People. There are some industries where people buy on a whim with just a little knowledge about the product. Finance & Banking -…
- Fed Unveils 2023 Bank Stress Test Scenarios
The Federal Reserve Board of Governors has announced the various scenarios it will use for its 2023 bank stress test. The test is an annual assessment designed…
- NYC Announces New Measures to Combat Banking Discrimination
New York City officials this week announced…