FinServ Frustration Pushing Entrepreneurs To Try Something New

https://www.pymnts.com/news/b2b-payments/2017/seed-ceo-brian-merritt-on-smb-banking/ By now, there’s no denying it: Small businesses (SMBs) aren’t happy with the service they’re getting from large financial institutions (FIs). Only a few months ago, researchers at FIS found that SMBs lament the lack of options for high-tech products and services offered by their banks, with 14 percent of small businesses surveyed having […]

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Community bank group sides with Elizabeth Warren, calls for removal of Wells Fargo’s board

http://www.washingtonexaminer.com/community-bank-group-sides-with-elizabeth-warren-calls-for-removal-of-wells-fargos-board/article/2633538 Wells Fargo Finds More Fake Accounts The head of an influential industry group for community banks called on federal regulators Wednesday to remove Wells Fargo’s board of directors and senior executives for allowing a massive fake accounts scandal to unfold on their watch.Camden Fine, the head of the influential Independent Community Bankers of America, […]

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Mobile stays hot, but banks ignore brick-and-mortar at their peril

Mobile stays hot, but banks ignore brick-and-mortar at their peril – Memphis Business Journal https://www.bizjournals.com/memphis/news/2017/05/11/mobile-stays-hot-but-banks-ignore-brick-and-mortal.html   Memphis-based First Tennessee is one of the top banks in the region for retail banking satisfaction, according to a new report. J.D. Power — provider of consumer insights, advisory services, data and analytics — released the findings from its […]

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ForeSee Introduces New Retail Banking Solution

http://www.stl.news/foresee-introduces-retail-banking-solution/27546/ By STL.News – 13/06/2017 ForeSee Introduces New Retail Banking Solution – STL News (Picture is stock picture licensed to St. Louis Media, LLC d.b.a. ANN ARBOR, MI/June 13, 2017 (STL.News) – ForeSee (FS), the leader in Voice of Customer solutions, today announced a new solution to help retail banks prioritize investments across the customer […]

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Make banking reform work for communities

http://m.mysanantonio.com/opinion/commentary/article/Make-banking-reform-work-for-communities-11192439.php   As a state regulator, nothing is more evident than how community banks impact Main Street America — in Texas and across the country. They are deeply invested in the community where their customers live and work, helping local businesses and residents, and generating economic growth from the bottom up. Collectively these banks are […]

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NCR Launches Business Banking Mobile For Community Banks, Credit Unions

http://www.pymnts.com/mobile-applications/2016/ncr-business-banking-mobile-app-community-banks-credit-unions/ NCR announced on Thursday (Sept. 22) it launched a new app dubbed Business Banking Mobile. The app will enable community financial institutions (CFIs) to compete with larger financial institutions by providing their business banking customers with iOS and Android access to this secure and easy-to-use account management platform. “Business Banking Mobile is yet another […]

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A legendary Morgan Stanley banker reveals what’s required to get ahead on Wall Street

http://www.businessinsider.com/james-runde-on-emotional-intelligence-2016-9 Over his 40-year banking career, James Runde learned that being just as smart and hardworking as his colleagues wasn’t enough. Instead, developing emotional intelligence, or “EQ,” is key to getting ahead on Wall Street, Runde wrote in an article published Monday by the Harvard Business Review. Runde started working at Morgan Stanley in 1974 […]

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If Fed finally raises rates, here’s how you’ll feel it

http://www.usatoday.com/story/money/personalfinance/2016/09/19/fed-federal-reserve-interest-rates-savings-credit-cards/90144564/ Lisa Kiplinger, USA TODAY … 10 voting members of the Federal Open Market Committee [will] decide interest rates for the Federal Reserve. Will they, or won’t they? That’s the question on the minds of interest-rate watchers everywhere as the Federal Reserve gets set to meet this week. National Association of Federal Credit Unions President and […]

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Negative Rates May Do More Harm Than Good, Expert Says

http://www.bloomberg.com/news/articles/2016-09-13/negative-rates-may-hurt-more-than-help-taylor-rule-creator-says?bcomanews=true Stanford economist says central banks should take step back Views Fed as behind the curve on getting back to neutral The negative interest rate strategy that Japan and Europe’s central banks have embraced may do more harm than good, according to John Taylor, the creator of an eponymous rule for guiding monetary policy. “What […]

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Auto Lending Default Rates Setting Off Alarms

http://www.businessinsider.com/jpmorgan-gordon-smith-on-auto-lending-2016-9 Nepalese mechanics inspecting a 1939 Daimler-Benz.Gopal Chitrakar/Reuters There is a lot of talk out there about the auto-loan market right now. The default rates for auto loans in oil-producing regions in the US have been jumping, while hedge fund honcho Jim Chanos has said the auto-lending market should “scare the heck out of everybody.” […]

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