News & Insights
Unified feed: Brian's Banking Blog + editorial posts.
BanksCFPB Issue Spotlight Addresses Concerns About Bank Use of AI Chatbots
The Consumer Financial Protection Bureau released new research that cites consumer concerns related to banks’ use of AI chatbots.
6/8/2023Read →
BanksRegulators Urge Banks to Address Crypto Liquidity Risks
U.S regulators issued a joint statement warning banks to be proactive in addressing potential crypto liquidity risks
bankingbankscryptocurrency6/8/2023Read →
Brian's BlogAdapting to new tech is crucial for smaller banks to keep up.
Just 1 problem: Many of them don’t have the teams and technical knowledge to implement these changes. They could hire someone to do it for them, or even build a new team.
6/8/2023Read →
Banking Knowledge BaseWhy Bank Financial Data Matters: Insights and Applications for Individuals and Businesses.
Discover up-to-date bank financial data and follow industry developments. Access this data to get detailed information about banks.
bank financial databig data in banking and financial servicesbig data in financial services and banking6/7/2023Read →
Brian's BlogIf Asset Liability Committees met more frequently, not only would they be able to better manage liquidity and risk, they could even improve overall bank operations.
The first step to having weekly meetings instead of quarterly would have to be to create an effective dashboard giving deep insight on the liquidity situation for the bank. Simply looking at this on a weekly basis would give the bank a much better pulse on how the business is doing.
6/7/2023Read →
Brian's BlogALCO meetings shouldn’t be quarterly.They shouldn’t even be monthly.And they definitely shouldn’t be run by the board.
The Asset Liability Committee needs to be a management-level committee, and they need to meet weekly. Especially in unstable economic times like these, A quarterly meeting to manage liquidity does almost nothing.
ALCObankingbanks6/6/2023Read →
Brian's BlogHow I would handle the implementation of a major API as a bank leader, knowing it would significantly change the roles of many of my employees:
1) Get out in front of it. Word will spread quickly if something like this is on the horizon.Rumors will spread, and most of them won’t be accurate. Don’t let that happen.
APIsautomationbanking6/3/2023Read →
Brian's BlogThe commoditization of core banking functions is NOT causing layoffs.
It’s simply giving time back to employees in order for them to do higher leverage work.With the vast improvements in AI and tech in general, there is growing risk of jobs being automated. And it makes sense to think that tellers and other bank employees would be right in line with this—but that’s simply not the case.
bankingbanksus banks6/3/2023Read →
BanksUS Bank Deposits Saw Huge Decline in First Quarter 2023
A new quarterly FDIC report confirms a large drop in US bank deposits during the banking crisis in the first quarter of 2023.
6/3/2023Read →
Brian's BlogCOVID stimulus was nice in theory—Increase economic activity by giving people more money to spend.
You can see both the money supply and the deposit curve increase by $5T in roughly the same time period. So all that stimulus for the people ends up being held by the banks. Makes perfect sense considering that’s where most people store their money.
6/1/2023Read →
Brian's BlogExcessive COVID stimulus has led to a giant game of whack-a-mole.
All the economic chaos that has happened and continues to happen can be traced back to the triggering event of COVID stimulus. $5T poured into the money supply that started the whack-a-mole game. Oh, economic activity is way down? We better whack that mole with some stimulus.
bankingbankscovid 195/31/2023Read →
Brian's BlogMore banks will fail in the coming months.
We may be through the worst of it, but we aren’t out of the weeds yet. To stay afloat, banks will have to manage liquidity well. When I consult with a bank struggling to manage liquidity, here’s how I get them to a safer place:
bankingbanksus banks5/27/2023Read →