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Deposits & Payments
Deposit growth and strategies have always been a core focus of retail banks. Today's volatile economic climate - with consumers relying less on credit products and more on deposit account services - brings deposit growth and account management to the forefront. As technology and consumer needs evolve, so does the concept of payments. With innovations such as virtual wallets and other forms of digital currency comes new and unique challenges for the payments space. CBA monitors and addresses the issues facing retail banks in the management of the deposits and payments functions.
- December 16, 2016Out with the Old, In with the New President-elect Donald Trump continues to fill his cabinet with the selection of former WWE CEO Linda McMahon as the head of the Small Business Administration, CKE restaurants CEO Andrew Puzder as the Labor Secretary, and Exxon Mobile CEO Rex Tillerson as Secretary of State. Contrary to popular belief, it’s not just cabinet picks who matter. Policy making is...
- December 15, 2016 - 2:00PMPastDecember 14, 2016On Wednesday, December 14, 2016, a bipartisan group of Senators, led by Sen. Jeff Merkley (D-OR), sent a letter to the head of the Financial Crimes Enforcement Network (FinCEN), requesting clarification for banks and vendors doing business with companies in states having legalized recreational and medical marijuana. The lawmakers raised concerns that conflicting federal law have created safety...December 13, 2016 - 2:00PMPastDecember 8, 2016On Monday, December 5, 2016, the Federal Reserve issued a research paper outlining how a shared distributed ledger can significantly improve cross-border payments, trade settlements and market transparency. This marked the Fed’s first major overview of digital currency technology. "In theory, the distributed and consensus-forming aspects of [a distributed ledger] could allow for multiple parties...December 7, 2016Six years ago, when President Obama signed the Dodd-Frank Act into law, America’s retailers got a big reduction in the debit-card fees they pay banks. Now, with Donald J. Trump set to take office, they’re preparing for a lobbying fight to defend that legislative victory -- and the billions they’ve saved as a result. Retail industry trade groups are rallying their base to try to beat back a part...November 22, 2016 - 2:00PMPastNovember 18, 2016Trump’s Short List Includes Individuals with Banking Experience A lot of names are being tossed around for top positions in the Trump Administration. As it relates to banking, here is what we know so far: Steven Mnuchin , a former Goldman Sachs Banker, Jamie Dimon , CEO of JPMorgan, and Rep. Jeb Hensarling (R-TX), House Financial Services Committee Chair, are reportedly the leading candidates for...November 17, 2016 - 2:00PMPastNovember 17, 2016Technology-driven investments require time, resources and budget dollars. Many risks exist that should be carefully weighed throughout the entire implementation process. This article provides key considerations and best practices to employ when selecting and implementing new core loan servicing and risk management systems. www.bridgeforce.com