The Daily Dividend: FMS Publications

News, notes and insights from around the industry

OCTOBER 15, 2018
FMS Perspective: Strategic Uses for Customer Profitability Results
By Hilary Collins, Specialist, Publications and Research, Financial Managers Society

Many accounting and finance professionals spend most of their time focused on delivering accurate financial reporting, but less time determining how the information will be used by the business units tasked with driving the institution’s success. As a result, there’s often not enough focus on how front-line employees should be using customer profitability data to effectively drive business decisions.

In his FMS Perspectives piece “Strategic Uses for Customer Profitability Results,” Brad Dahlman of ProfitStars offers tips for how to incorporate customer data into your business strategy – and how to give your front-line staff actionable ways to engage those customers.
 

OCTOBER 2, 2018
FMS Quick Poll: Views on Fintech
By Hilary Collins, Specialist, Publications and Research, Financial Managers Society

FMS Quick Poll: Views on FintechThanks to dozens of think pieces and the OCC’s recent decision to offer a new special charter, fintech may be one of the buzziest issues in the banking industry right now. But when it comes to actually working with or competing against these potential new players, just how many FMS members actually have a fintech bee in their bonnets? If the results from our latest Quick Poll are any indication, the buzz is more of a low hum for now.

Among our 76 respondents, the majority see fintech players both as potential partners and potential competitors, and one in four say their institution is already partnering with a fintech company. Even those who aren’t currently working with a fintech partner think areas like P2P payments are ripe for such a partnership.

For a deep dive into the numbers, take a look at our latest Perspectives piece to see how your fellow FMS members feel about fintech.
 

SEPTEMBER 24, 2018
FMS Perspectives: Liquidity in the 1-4 Family Portfolio
By Mark Loehrke, Editor, Financial Managers Society

Amid a continued stretch of mostly good news for community institutions, one area that continues to raise potential concern is liquidity. But while most liquidity contingency funding plans include options for raising deposits, selling investment securities or obtaining other funding, one often overlooked possibility is the 1-4 family first lien mortgage portfolio. 

In our latest FMS Perspectives piece, “Evaluating the Liquidity Within Your 1-4 Family Portfolio,” Mark Cary from FTN Financial Capital Assets explains why the liquid and price-efficient loans in this area of the balance sheet should be considered in addition to an institution’s more traditional liquidity sources.
  

SEPTEMBER 10, 2018
FMS Perspectives: Managing Vendor Risk
By Mark Loehrke, Editor, Financial Managers Society

FMS Perspective: Managing Vendor RiskFrom interest rates to credit, every banker knows about managing risk. But as institutions continue to outsource many of their critical functions to third-party vendors, they may not be paying as much attention as they should be to the risks that are inherent in these business relationships. 

In our latest FMS Perspectives piece, “Manage Vendors to Manage Risk,” Terry Ammons from Porter Keadle Moore explains why it’s so important for banks and credit unions to reaffirm their commitment to one of the lynchpins of their business – risk management – when it comes to dealing with their growing ranks of outside partners.
 

SEPTEMBER 4, 2018
forward into Fall
By Mark Loehrke, Editor, Financial Managers Society

Summer is over and it’s time to get back to business with the new September-October issue of FMS forward. From a primer on some of the lessons coming out of the early days of CECL implementation to the potential pitfalls of data analytics, we’re covering a wide range of issues impacting banks and credit unions today. 

We also have an exclusive conversation with Comptroller Joseph Otting, a lineup of some of the emerging positions that may be key to the future of your institution and a look at the state of profitability analysis, as revealed by our proprietary industry research – plus a rundown of the winners of our inaugural FMS Awards.   

Check out the new issue today!
 

AUGUST 28, 2018
FMS Research: Technology Touchpoints
By Hilary Collins, Specialist, Publications and Research, Financial Managers Society

FMS Research: Technology TouchpointsThese days technology has become such an outsized piece of business strategy in almost every industry that it’s no surprise that financial institutions see it as the source of both their most promising opportunities and their biggest challenges. Our latest FMS Research piece, Technology Touchpoints, takes a look at how 400 community bank and credit union leaders feel about technology as a driving factor of their industry in 2018.

 

From attitudes toward emerging fintech players to the technologies their customers are using most, our proprietary research sheds new light on how community institutions are keeping up with the speed of innovation.
 

AUGUST 21, 2018
FMS Perspectives: Model Risk Management
By Mark Loehrke, Editor, Financial Managers Society

FMS Perspective: Model Risk ManagementAs the industry continues to focus more and more on data and analytics in order to make key decisions and forge strategy, banks and credit unions are increasingly turning to a variety of powerful models. However, while these models can help uncover new opportunities and automate cumbersome reporting tasks, they also open institutions up to new operational and regulatory risks as well.    

In our latest FMS Perspectives piece, “Model Risk Management: How to be Prepared in a Data-Driven World,” Meredith Piotti from Wolf & Company explains how testing model inputs, calculations and outputs can give an institution’s management confidence that their decisions are being based on reliable information.
 



Contributors


Mark Loehrke
Editor and Director, Publications and Research
Email: mloehrke@FMSinc.org 



Danielle Holland
President/CEO
Email: dholland@FMSinc.org 




Hilary Collins
Specialist, Publications and Research
Email: hcollins@FMSinc.org