From the Experts


Fintech- Some Interesting Developments

Posted March 21, 2017 by Stephen D. Heckard in From the Experts.

Just when I thought I was about to wrap up this series on fintech, a few articles catch my eye. A quick update is in order.

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And the Winner is…?

Posted March 15, 2017 by Michael M. Moran in From the Experts.

Bank stocks.

And no, I have not been handed the wrong envelope. Nor is this the analogous case of an unheralded #16 Seed knocking off a dominant #1 blue-blood in the NCAA basketball tournament that has become “March Madness” - shocking, but likely short-lived. As the chart below reflects, bank stock prices literally came to life after the events of November 8, fueled by expectations of tax cuts, regulatory relief, pro-growth sentiment in D.C., and a favorable interest rate environment. And while the run since the Election has been nothing shy of staggering, seemingly prevailing potential headwinds and countervailing prospective tailwinds make for an interesting environment as we sit here today.

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Fintech-Mobile Payments and Selfies. What?

Posted March 6, 2017 by Stephen D. Heckard in From the Experts.

Card fraud has been a vexing problem for all institutions. Recent fintech developments may begin to reduce that by increasing the authentication of the payee. One very intriguing method of authentication for card purchases is “selfie pay.” It is exactly as it sounds. A picture of the payee’s face is taken at time of purchase and is compared to a stored picture for verification. Presumably bad hair days won’t create a problem. MasterCard successfully tested this with First Tech Federal Credit Union last year and now is rolling it out in Europe. (Link below)

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Fintech - A Few Additional Steps to Prepare for Fintech Disruption

Posted February 21, 2017 by Stephen D. Heckard in From the Experts.

In my blog, “Preparing for Fintech Distruption” (link below) I suggested two steps in preparing for the potential impact of fintech on community banks. These are two significant steps, ensuring that your Board is aware of this potential and discussing what alternative your core vendor can provide. However, there is much more that you can and should do to embrace fintech. Waiting until your bank feels the effects of disruption may be too late to effectively react.

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Do the CCAR Scenarios Signal Regulatory Focus?

Posted February 16, 2017 by Michael M. Moran in From the Experts.

Do the CCAR (Comprehensive Capital Analysis and Review) scenarios signal regulatory focus? Put another way have preliminary indications about regulatory concern over developing CRE concentrations been subtly reinforced in this year’s stress scenarios? Some folks, particularly my family, might accuse me of probably diving a little too deep into numbers at times. I am sure it dates back to my childhood and committing to memory the batting statistics of my favorite Major League baseball players, and then naturally evolved through my high school and college years with a general comfort for the black and white of math oriented classes. In my professional career, I have always been intrigued not so much by what the numerous banking performance metrics attempt to convey with regard to relative valuations, but more so by delving deeper behind the numbers to learn what that might mean for the future. And so it is, to the chagrin of my kids, that each year I look at the Fed-generated stress scenarios for the annual CCAR and DFAST (Dodd-Frank Act Stress Test) exercises to see, if by chance, there is possibly a veiled or even overt effort to signal area(s) of pertinent focus with regard to the regulatory oversight of our banking industry.

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