09/20/2018
Most financial institutions are used to donation requests throughout the year from a large number of diverse and well-meaning charitable causes. Many contribute to a large number of these causes (which is not necessarily a negative thing). However, savvy financial institutions should look for some type of return on their charitable donations investment. This will…
09/12/2018
How much money are commercial banks leaving on the table? The answer may shock you. The disconnect between the product and sales teams at most banks can cost a bank more than 50 percent of its potential sales for treasury management products. Skeptical? Let’s use Remote Capture as an example. Remote capture penetration varies wildly across banks….
09/12/2018
Today, you will be hard-pressed to find an industry analyst that isn’t proclaiming that Electronic Invoice Presentment and Payment (EIPP) adoption is growing in the United States. Or that checks represent a (slowly) declining percentage of business-to-business payments. For the most part, would-be affected parties didn’t put much stock in these predictions. There are many…
08/30/2018
“Dear Gen Z, the small, rectangular piece of paper your parents are writing on and putting in an envelope is called a check.” Tongue-in-cheek? Yes and no. Many in this new generation, and in some respects, millennials, too, have never written a check. With many retailers no longer accepting checks as payment, digital payments now…
08/29/2018
Although the Federal Reserve Bank of New York has been publishing the Secured Overnight Financing Rate (SOFR) since April 3, 2018, SOFR’s popularity seems to be gaining momentum as of late. On August 15, 2018 a headline in Bloomberg read, “New U.S. Overnight Rate Moves Out of LIBOR’s Shadow.” The article outlined major debt issues…
08/21/2018
For those of us who work in Corporate America, whether it be at a financial institution or any other company, ethics and compliance training is a familiar, and often mundane, part of our job responsibilities. Training historically has been designed to ‘check the boxes’ and provide the required information but rarely does it engage the…
08/15/2018
When tax reform was first announced, there were plenty of predictions as to how the tax savings would be spent. Thanks to the ABA’s Energizing the Economy list, we can actually see – in one place – how banks are spending their initial windfall. Across the list, there is a healthy investment in employees, whether…