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- What is a “Risk Continuum” and why on earth should you even care??
Because for the first time in 15 years — you HAVE to. A risk continuum has to do with the interest rates that a bank charges, but before we dive deeper, you…
- What is your unfair advantage?
In a sea of green paper, you have to find a way for your bank to stand out. Let me tell you about a man we’ll call Matt who found his unfair advantage in an…
- Wells Fargo Settles Class Action Lawsuit for $300M
Banking giant Wells Fargo has reportedly agreed to a $300 million settlement in a class action lawsuit related to the company’s alleged involvement in a…
- Every successful venture starts with 2 things
Every successful venture starts with 2 things: A small niche. A big vision. Jeff Bezos is the KING of this. At no point was Bezos’ vision to sell lots of…
- Non-Performing Loans will NOT cause the same issues in this recession as in ‘08.Here’s why:
/images/2023/02/1676035804946.jpg This is the most well-predicted recession, not just in a long time, but possibly ever. Lenders aren't making the same…
- It’s much easier to eat someone’s lunch than it is to steal their entire business.
Here's what I mean: If you’re going to compete in the banking world, you’ll never succeed trying to be the next Citi Bank. The big players will CRUSH you. What…
- Make more money with 0 extra effort using this 1 simple phrase:
“What you put out is what comes back to you.” You might think it sounds a little woo woo, But it’s 100% the truth. 12 years ago I joined a big bank as a…
- JPMorgan Chase Plans Digital Bank in Germany
JPMorgan Chase is planning to develop a digital bank in Germany that it expects to serve as its hub for consumer services in the European Union, according to…
- Powell: ‘Long Way to Go’ in Fed’s Fight to Lower Inflation
The Federal Reserve announced yet another interest rate hike this week, as it continues its efforts to rein in stubbornly high inflation. Unlike its most…
- Which comes first:Your product?Or your target market?
Ask a Marketer, Product Manager, Brand Strategist, etc. and you’ll probably get the same answer from all of them: Your Target Market. Here’s why they’re ALL…
- BMO Announces Completion of Bank of the West Acquisition
Canada’s BMO Financial Group BMO announced this week that it has completed its acquisition of San Francisco-based Bank of the West, concluding a process that…
- The world is getting smaller every day.Here’s how you can use that to your advantage in banking/finance. ????
This hyper-connected, small world that we now live in makes it possible to source talent from anywhere to either get better talent, or similar talent for a…
- 3 ways that delaying a software merger - especially Core Systems - will CRUSH scaling efforts for your bank.
1: An “interim” integration solution quickly becomes permanent 2: You WILL run into more problems long-term 3: It severely limits further growth Before we dive…
- You know the saying, “If it ain’t broke, don’t fix it”?
Who decided we should throw that out the window when it comes to software?? I see it way too often with banks and financial services… They have a perfectly…
- Convenient tech does NOT equal good tech.
Every piece of your stack MUST have a reason why it is the best option for its primary users. I once worked with a community bank that decided to go with 1…
- About ChatGPT
This is a slippery slope. ChatGPT, in most cases, won't be found to have "stolen" the work but rather "learned from" the work. It is similar to how we learn -…
- I recently changed banks over a Customer Service issue.
90% of my decision on a new bank came down to 1 thing: The App. Believe it or not, This is a BIG deal for the future of banking. Because I’m not the only…
- Are higher interest rates here to stay?
I’ve heard a number of people say yes. Let’s look at why they aren’t. First and foremost, Raising interest rates is a costly way for the government to fund…
- FinCEN Alert Warns About Russian Attempts to Use Real Estate Investments to Evade Sanctions
A new alert issued by the Financial Crimes Enforcement Network calls on financial institutions to be on the lookout for any attempts by sanctioned Russian…
- Anti-Fossil Fuel Activists Ramp Up Pressure on Banks Over Climate Goals
Several of the largest banks in the United States are under increasing pressure to eliminate financing for so-called “fossil fuel” projects, according to a new…
- Major Banks Focus on Digital Wallet to Counter Tech’s Advance Into Consumer Banking
With Apple continuing its efforts to expand its operations into consumer banking services, several of the largest U.S. banks have reportedly come together to…
- Are you trying to capture as much of your customer’s wallet as possible?
Are you trying to capture as much of your customer’s wallet as possible? Or are you focused on capturing the pieces of the wallet that you can best deliver on?…
- You know what’s scary?
You know what’s scary? Riding 20ft waves on a tiny boat in Colombia. You know what’s not scary? Deposit to Loan Ratios. A few years ago I was visiting Colombia…
- Banks are struggling to keep up with technology trends.
Banks are struggling to keep up with technology trends. But it’s only because that’s what they’re telling themselves. Let me explain. The problem isn’t keeping…
- LA-Based Bank to Pay Largest Redlining Settlement Ever
By: Ken Chase A recent announcement by the U.S. Department of Justice confirmed that City National Bank will -pay more than $31 million to settle DOJ…
- Powell Clarifies Fed’s Role on Climate
By: Ken Chase Last week, Federal Reserve Chairman Jerome Powell delivered remarks during…
- SBA Fintech Proposal Meets Pushback from Bank Trade Group
By: Ken Chase In a recent comment letter from the Independent Community Bankers of America ICBA , the trade group called on the U.S. Small Business…
- So, you have to fire someone.
So, you have to fire someone. Here are 3 things to do as you approach the problem. 1\. Just rip the band aid off. being direct is respectful and feedback is a…
- CFPB Creates New Repeat Offender Unit
By: Ken Chase The U.S. Consumer Financial Protection Bureau has created a new repeat offender unit that will reportedly focus on large banks that repeatedly…
- 6 Biggest U.S. Banks Enjoy First $1 Trillion Decade
6 Biggest U.S. Banks Enjoy First $1 Trillion Decade By: Ken Chase It seems like only yesterday that the U.S. banking industry was reeling from the aftermath of…
