ABA Banking Journal
November 20, 2020

This ABA Banking Journal newsletter is a free, twice-monthly supplement to the ABA Banking Journal magazine intended to help you stay on top of industry and policy news. You can also stay abreast of banking news by visiting aba.com/BankingJournal, home to ABA Daily Newsbytes and other email bulletins.

Nuance Communications Inc
Customer Engagement, Authentication & Fraud Prevention Body
Nuance 2021 Community Bank Customer Engagement, Authentication and Fraud Prevention Outlook Survey today to provide your feedback. All respondents will be invited to attend a complimentary webinar announcing the survey findings, assisting decision-makers in customer service, customer experience and fraud prevention to provide more personalized, real-time and secure experiences for banking customers.
Learn more
Industry News
For many small businesses, whose owners spend on consumer credit cards and put up personal assets as collateral, the distinction between retail and business banking is blurry. Detra Miller, a veteran of M&T Bank’s retail side, noticed this when working with female and non-white entrepreneurs.
Housing starts increased to a seasonally adjusted annual rate of 1.530 million in October, according to the U.S. Census Bureau. The increase was 4.6% above the revised September estimate of 1.459 million and is 14.2% above the October 2019 rate of 1.340 million. Single-family home starts increased 6.4% from last month.
A community bank finds multiple ways to build relationships across a diverse region.
Data Center, Inc. (DCI)
Computer Services Inc
Jack Henry & Associates, Inc.
New Deposits at a Fraction of the Cost
By utilizing two key Jack Henry solutions, the SilverLake System® core processing platform and the Banno Digital Platform™, St. Louis-based Midwest BankCentre launched a separately branded digital institution (Rising Bank) in only six months. In its first year, Rising gathered over $130 million in new deposits at a fraction of the cost of traditional branch banking.

Read the Celent case study.
Policy News
The OCC is continuing its efforts, working with other agencies, to facilitate banks’ ability to engage with digital currencies, Acting Comptroller Brian Brooks said during a recent press event.
The Commodity Futures Trading Commission has finalized a rule that exempts from clearing requirements certain swaps entered into by financial holding companies with less than $10 billion in assets.
Appraisal Institute
Cummins Allison
Columbia Business School Executive Education®
The Strategic Leader Program (Live Online): How to Excel as Your Responsibility Increases
Designed for leaders transitioning to senior executive roles, this six-day program from Columbia Business School Executive Education broadens your knowledge, perspective, and understanding of strategic leadership, equipping you to deal with the demands of the more complex and disruptive environment of tomorrow.
The program offers concepts and tools that will enable you to enhance your personal, strategic, and interpersonal effectiveness.
The program begins October 4.

Learn More

November 30 – December 18
Online Facilitated Training: Building Customer Relationships

November 30 – December 11
Virtual Online School: Wealth and Trust School – Advanced

December 1
Webinar: TCH Real-Time Payments: Get Ready Now

December 1
Webinar: (co)Lab Sessions in Partnership with Alloy Labs

December 1
Webinar: ABA Expert Webinar: 2020 Economic Update and What Banks Can Expect in 2021

December 2
Webinar: Why Rethinking Your ATM Strategy is Key to Branch Transformation in 2021

December 3
Webinar: TCH Real-Time Payments: Get Set to Connect

December 7
Webinar: TCH Real-Time Payments: Go-to-Market Strategies

December 7, 2020 - April 2, 2021
Facilitated Training: Analyzing Financial Statements

December 8
Webinar: U.S. Economic Growth Battles COVID-19 in 2020

December 8-10
Virtual Conference: ABA/ABA Financial Crimes Enforcement Conference

Coronavirus News
The current murky picture delivered by traditional data has forced an increased focus on new methods that better capture credit risk.
A new study from Freddie Mac shows that mortgage forbearance has played an important role in helping mortgage borrowers remain in their homes during COVID-19.
Financial regulatory reforms implemented since the last crisis, including the Basel III framework, helped the global financial system absorb shocks related to the COVID-19 pandemic, according to a new report released by the Basel, Switzerland-based Financial Stability Board.
In the wake of the COVID-19 pandemic, 85% of financial institutions said they have increased digitization efforts, according to a new survey from BAFT, ABA’s global transaction banking subsidiary, and CGI, an independent IT and business consulting firm.
A few days shy of a court-ordered Nov. 19 deadline for the Small Business Administration to release the names, addresses and precise loan amounts for all Paycheck Protection Program loan recipients and all COVID-19-related Economic Injury Disaster Loan recipients, the federal judge who issued the order temporarily stayed it.
ABA joined a broad coalition of groups from various industries in a letter to the Small Business Administration and Treasury Department raising concerns about the loan necessity questionnaires that SBA is using to evaluate borrowers’ good-faith certification of their economic need for Paycheck Protection Program loans.



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