Rutger van Faassen

Are you maximizing your bank's CD performance? Our latest Term Funding Profit Benchmark analysis reveals eye-opening insights from August 2024: • Top performers earned $167,600 in profit compared to wholesale funding per $100M portfolio on CDs booked • Average profitability was $41,300 per $100M, down from $76,400 in July • Average CD rate booked was 4.21%, with spreads below FHLB advances averaging 50 bps • Institutions booked an average of 11.12% of their portfolio volume. Curious how your institution stacks up? Our benchmark compares 51 financial institutions of various sizes, objectively measuring CD pricing and volume performance. With large volumes of CDs maturing in coming months, now is the time to refine your deposit strategy. Check out the full report to see how top performers are balancing rates, spreads, and volumes in this challenging environment. #Banking #DepositStrategy #FinancialPerformance

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Unlock the key to successful Core Banking selection with our latest white paper by Sébastien Brugallé: "Mastering Core Banking Selection: A Foolproof Guide!" 📘✨ Choosing the right Core Banking system is more than just a tech decision. It involves a strategic evaluation that impacts every facet of your financial institution's operations. This comprehensive guide provides you with a step-by-step approach, offering expert advice and actionable insights to help your financial institution navigate this critical choice with confidence.🚀 Download your copy now! 👉 https://hubs.li/Q02PhBsc0 #CapitalBanker #CoreBanking #Fintech #BankingInnovation #WhitePaper

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Fintech partnerships with banks are becoming the focus of tougher regulation. Bank product professionals should giving this topic close attention. Current events should always be on product professionals to do list. Because you are SME for market conditions in which your product operates and serves. Environmental changes can and often does impact products' revenue and profitability. Product strategies with longer timelines are most vulnerable and therefore should be adjusted as environmental changes take hold. #newregulation #productstrategymaintenance #banks #fintechpartnerships

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The latest Term Funding Profitability Benchmark has now been published. Banks now have greater CD volumes than ever before. However financial institutions have backed into these portfolios as they were the least problematic of all the options they did not want. They didn't pro-actively prepare and executive an highly strategic engagement strategy. They promoted CDs simply because they didn't want to move non-maturing deposit account yields up which would have rewarded the content depositors as they priced to satisfy the rate shoppers. This became dramatic as the Fed Funds moved from .25% to 5.50%. Now that they have these CD portfolios, it is time to understand how to robustly manage and measure the financial performance of these funds. That is why we created the Term Funding Profitability Benchmark. Check it out now and share with your team. #bank #creditunion #funding #performanceassessments #depositstrategy

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How do you explain the surge in bank CDs? For decades, the focus was on lending and payment systems, but now, time deposits are in the spotlight. The 40 largest banks now dominate term deposits, challenging the traditional view. Many believe CDs are more the domain of community banks, but this narrative is changing. It's time to rethink how CDs are offered - there's more to it than meets the eye. This article delves into crucial fundamentals often overlooked in today's banking landscape. If you aim to enhance your financial institution's growth and profitability, this publication is a must-read for you and your management team. #banks #creditunions #profitability #fundingstrategy #simpleandeffective #communitybanks #regionalbanks #sifibanks

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🇺🇸 The Consumer Financial Protection Bureau has outlined the attributes required to become a recognised Open Banking standard-setting body in the US, to help stop incumbents from “squelching” startups. FDATA North America said: “We commend the CFPB for the detailed attributes laid out in this final rule, emphasizing the importance of balance, transparency, consensus, and due process." Rohit Chopra Steve Boms Richard Prior #openbanking #datasharing #financialdata #openfinance #financialwellbeing #financialservices #regulation https://lnkd.in/eAiewxpm

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Bank on a Better Tomorrow with First Western Trust. Meet your new financial partners, where our associates are part of your community, and know your story and name. We work closely with you to understand and meet your unique needs, offering personalized solutions beyond traditional banking. Experience a banking relationship that values you as more than just an account number. Achieve your financial goals with sophisticated services from a team you can trust. https://hubs.la/Q02DDsv60 *Personal and business banking services offered through First Western Trust Bank, Member FDIC; Investment, Trust and Asset Management Services are Not a deposit, Not guaranteed by the Bank, May Lose Value

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Should banks prepare to be better custodians, better product providers, and execution service providers for EAMs? The relationship between private banks and EAMs will require fine-tuning, it is clear is that EAMs are a segment that cannot be ignored.

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2025 is COMING, SAVE THE DATE FID Finance is back on 19 March 2025 in London. Even better, we have added FID Fraud & Fincrime to run alongside. As always, FTT lending will be co-located, translating into a community uniquely positioned to explore the central importance of #digitalidentity in enabling financial services providers to operate safely, securely and seamlessly in a world where customers are increasingly digital by default. With #fraud and #financial #crime as key problems/challenges requiring  a collective response, join us for a high impact day full of innovative ideas, creators and collaborators. Looking forward to catching up with a community noted for their passion and commitment to #digitalidentity Micha P. Emma Sharp Paola Cristina Nuñez Ameri David Palmer Paul Munson Richard Maton Victor Cruz Oonagh van den Berg (Lady) 🐦‍🔥Victoria Smart Anna Kochanova Alicia Condon Sara de la Torre Future Identity Fintech Talents FTT Lending 3.0 #fintech #digitalidentity #fincrime #fraud #financialservices Register your interest TODAY and get in touch with ideas/suggestions/comments https://bit.ly/3XUSqe5

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Great News for the Financial Sector: Banks Re-Enter Merchant Acquiring Market! Do they have the know-how? https://lnkd.in/dbFk2sWk Exciting times are ahead as banks once again focus on merchant acquiring. The shift back into this space is set to be a game-changer, offering acquirers margin-rich opportunities. With the market predicted to hit $100bn by 2027, the potential is enormous. But the big question remains: do banks have the experience to navigate this rapidly evolving and highly competitive landscape? Many exited merchant acquiring years ago, leaving the space to fintech and payment specialists. Now, with the market more competitive and innovative than ever, banks face the urgent challenge of catching up. This is where strategic partnerships become crucial. By collaborating with experts in the field, banks can leverage cutting-edge technology and innovation, ensuring they stay ahead of the curve and meet merchant demands for omnichannel, data-rich, and integrated payment services. We're here to help banks make this transition smoothly and successfully. With expertise, knowledge and solutions, we can empower banks to reclaim their position in the merchant acquiring space, offering unparalleled value and insights to their clients. Join us in this exciting journey and let's transform the future of payments together! #Banking #MerchantAcquiring #Payments

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Hiring practices and AML effectiveness; yes, they are related. Executives at FIs, #fintechs, and #regtechs write and talk about enhancing #AML outcomes with better systems, better practices, and better #AI, but virtually no one talks or writes about what is foundational to the success of any one of these approaches: better hiring practices. Effective AML practices certainly help mitigate suspicious activity, but the limitations are governed by *both* the suspicious natures of the people who write the practices and those who implement them. Similarly, systems are programmed by people with knowledge of common #moneylaundering activities, but these systems alone aren’t any more “suspicious” of uncommon or disguised activity than the people who program them. Further, all of us have seen the failures of AI in social media and search engines which carry the biases and “blinders” of the people who train the AI. The bottom line is no approach to better AML outcomes will rise above the limitations of the people who build, administer, and implement these approaches. As a testament to this, one need only look at the geometric rise in money laundering activities and the corresponding rise in penalties in the last 5-10 years for the FIs that never detected or failed to act on suspicious activities. We now know (and the psychological research bears this out) that experience, achievement, and competencies are poor predictors of #success. Collectively, they make great qualifiers, but as predictors of future success, they fall woefully short. After more than 5 years of assessments, studies, and research, we know with great certainty the personality, decision-making, behavioral, and task-preference profile of high-performing #financialcrimes investigators. These kinds of people not only make great investigators, but they also make great reviewers for practices, and great QC testers for systems and great trainers for AI implementations. If you want to elevate your hiring practices to improve your AML and #sanctions outcomes, contact us at Hyper-S Research, or Sarah Beth Felix

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Banking 2034: where will you be? - Thinking about banking conferences over the years, there are three main messages that are presented by people on stage: Banks won’t exist in ten years Banks will exist, but it’s all going to be very different Banks will exist, and it’s going to be a lot like today Let’s take #1: https://lnkd.in/eUDg4nNf

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When #CommunityFI leaders actively transform their banks to improve internal efficiency and make it easier for customers to engage and self-serve, aligning with a partner can help provide a clear view while vetting the new bank tech or driving growth. ➡ A clear vision and view of what's ahead is essential. Use case #4: Many community FIs see the importance of shifting away from the "we have always done it this way" culture. However, they might not have the internal talent, experience, or bandwidth to pivot. Aligning with a proven advisory services partner can make your journey ahead smoother. #fintechbetter #payments #vendorcontracts #operations #depositgrowth #digitalassets #coreprocessing

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"It's never been harder to take advantage of the shift of the last few years as a financial institution." Simon Taylor highlights the challenges banks face today—juggling compliance, legacy systems, and customer trust—while trying to keep up with agile fintechs and private lenders. His advice? Speed is now a necessity, not a luxury. Banks that can accelerate their "internal clock speed" and adapt quickly to digital demands will thrive, but partnerships are key to getting there. Fintech Meetup is where Banks and other FIs go to secure these partnerships. Don't miss out on the best opportunity to meet with the right partners to propel your business forward. Get Ticket: https://hubs.la/Q02Wkc8g0

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🔍 Addressing the Hidden Gaps in Open Banking Regulations for U.S. Financial Institutions 🔍 Open Banking regulations aim to integrate Fintechs with financial institutions via APIs. However, the connection to specific core banking instances remains complex. Major core providers like Fiserv, FIS, and Jack Henry are moving towards open platforms, but their APIs require specific licensing and robust integration platforms. Explore how these challenges impact small to mid-market FIs and what can be done to ensure a competitive and consumer-centric banking ecosystem. 📖 Read the full blog by Tarre Kroft, MBA, Solution Architect, Sandbox Banking https://lnkd.in/eWeN5Fk2 #OpenBanking #Fintech #BankingInnovation #FinancialTechnology #SandboxBanking #APIIntegration #CFPB1033 #ConsumerProtectionFinancialBureau

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