MPColettiJun 18, 20192 minWhat does Facebook’s Libra mean for banks? Today, Facebook announced intentions to introduce a digital currency initiative, “Libra,” to a moderately warm Street reception, buttress...
MPColettiApr 23, 20192 minRate Wars: A New 6.17% APY and T-Mobile Enters at 4.00% Effective today, DCU, the largest credit union in Massachusetts at $8.6B, is offering a 6.17% rate on the first $1,000 in a simple saving...
MPColettiApr 22, 20196 min12 Economical Ways to Increase Foot Traffic for Brick and Mortar Branches Simple, quick, and cost-effective options. I get it. Branch foot traffic has declined for years. All investment is trending digital. Bank...
MPColettiApr 15, 20193 minDigging for Data In Your Own Backyard: The Hidden Value of Loan ServicingIt’s bank earnings season, again. Earnings call transcripts are entertaining theater for those with an interest. You gain insights into t...
MPColettiApr 9, 20192 min$20/Hr: The Impact of Big Bank Expansion on Community BanksBank of America announced today it is raising its minimum wage to $20/hr over the next several years, starting May 1 at $17/hr. Glassdoo...
MPColettiApr 6, 20196 min80% Failure: FDIC Calls For More Controls in TPRM; A Look At Open Source Risk On April 2, 2019, the FDIC released FIL-19-2019 entitled, “Technology Service Provider Contracts,” in which they implore banks through th...
MPColettiApr 4, 20196 minPart 2: How Big Banks Make the Grade; "We Just Never Had a Name for It."Based on Part 1, now that you have a foot in the door with a welcome basket in hand, skilled relationship managers can likely expand a re...
MPColettiApr 4, 20196 minPart 1: How Big Banks Make The Grade With Colleges and Universities If you like college scandals involving big names, then you’ll enjoy my trip down a rabbit hole into the world of relationships between bi...
MPColettiMar 28, 20194 minWhere There's Smoke, There's Fire: Timing Your MRB Policy With SAFE Act LegislationThe Secure and Fair Enforcement (“SAFE”) Banking Act was approved today, March 28, 2019, at Congressional Committee and will proceed to a...
MPColettiMar 26, 20195 minThe $328B Missed Opportunity and Who Is Best Positioned to Capitalize I keep asking myself, this really doesn’t exist? Round-up checking products exist. They’re great because they make saving easy. If I buy ...
MPColettiMar 25, 20195 minBreaking Away From the Pack: Quicken’s Lead Gen Contest Could Leave Your Mortgage Team In The DustQuicken Loans, the largest US mortgage lender by volume in 2018, is at it again. This time they’re coming straight for your mortgage cust...
MPColettiMar 22, 20192 minFlat Out: How the Economy is Impacting Regional Banks Today, March 22, 2019, the yield on the 3-month T-Bill traded higher than the interest rate on the 10-YR Treasury note meaning short term...
MPColettiMar 20, 20192 minThe Basic Deposit Profitability EquationIn my opinion, determining the profitability of a deposit product is a seemingly abstract concept, but can be broken down into some simpl...
MPColettiMar 18, 20192 minIn Your Face: The Actionable Deep Data Insights About Your Customers Sitting Right Under Your NoseThere is one particular credit reporting agency doing exciting things in the data analytics space offering complementary services availab...
MPColettiMar 18, 20193 minCommunity Engagement Via Repurposed Office or Branch Space Whether by way of consolidation, downsizing or just low branch utilization, chances are you have under-utilized or vacant space sitting w...
MPColettiMar 18, 20196 min DIY Project: How to Manually Decile Your Retail Customers Into Profitability Buckets Decile analysis involves examining the profitability of your customers in terms of ten buckets of relative profitability, e.g. your firs...
MPColettiMar 17, 20191 minWhy I love Kind Campaign Life is hard. Childhood is hard. Being the victim of a bully is pure trauma. Kind Campaign creators confront head-on the issue of bullyin...
MPColettiMar 14, 20191 minWhy I Love Forte FoundationWant an inclusive atmosphere in your workplace? Look no further. Between #metoo movements, gender pay gaps, and the lack of women on corp...
MPColettiMar 14, 20193 minGone Scrummin': Three Ways to Improve Project ManagementWhen projects stall or fail, there’s usually a root cause. Here’s how to address three of the most common pitfalls: 1) Employ a framework...
MPColettiMar 14, 20193 minShorting the Stash "Stock-Back" Debit CardWhy the "stock-back" reward may be the best example to-date of fintech overshooting in a deposit banking disruption effort. Last week, th...