Sep 13, 2024 2024 has been a challenging year for banking-as-a-service (BaaS). The collapse of Synapse served as a prime example of what can happen when banks do not adequately assess the risk they take on from outside fintech partners. Millions of consumers were left without access to hundreds of millions of their own dollars, and, naturally, regulators turned their attention to BaaS.

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March 7, 2024 On February 23rd, the Federal Deposit Insurance Corporation (FDIC) announced a consent order with Tennessee-based Lineage Bank regarding its third-party risk management program and financial technology (fintech) partners. This order underscores the regulatory attention on BaaS banks and fintech clients, signaling concerns about potential risks in the financial system.

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January 23, 2024 Last year saw turmoil in the banking industry. The multiple bank failures of 2023 sparked regulatory intensity that will undoubtedly continue into 2024 and the federal agencies’ commitment to addressing key priorities before the fall election will fan the flames.

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January 23, 2024 In 2023, bankers faced their most prolonged challenges to mergers since the 2008–2009 Global Liquidity Crisis. Optimism prevails for 2024. According to Bank Director's 2024 Bank M&A Survey, sponsored by Crowe, approximately one-third of bank executives and directors anticipate their bank will acquire another institution by the end of 2024.

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January 22, 2024 Rising interest rates, structural shifts in remote working, and changes in retail sales and distribution are having a dramatic impact on commercial real estate. While delinquencies, distress, and fire sales haven't been widespread so far, there's a looming concern as a maturity refinancing wall approaches this year. Underwriting and valuations are expected to undergo significant changes in 2024.

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December 20, 2023 The FDIC issued a new FIL directive targeting institutions with high concentrations in Commercial Real Estate (CRE). Their guidance outlines specific criteria triggering heightened regulatory monitoring, signaling increased scrutiny during the next examination, or possibly sooner.

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December 13, 2024 - Trump Advisers Seek to Shrink or Eliminate Bank Regulators - The Trump transition team has started to explore pathways to dramatically shrink, consolidate or even eliminate the top bank watchdogs in Washington. Read More

November 25, 2024 - Looking Ahead - Business Impact of a New US Administration - As Donald Trump prepares to take office as the 47th United States president, here is an outline of the policy positions that we are expected to see across five key areas that will have significant implications for business. Trump has pledged to lower taxes, cut regulation and impose new tariffs on imported goods. Read More

October 25, 2024 - DALLAS, TX.- October 23, 2024 - Endurance Advisory Partners announced today that The First National Bank of Central Texas (FNBCT), headquartered in Waco, Texas, has completed implementation of an Enterprise Risk Management (ERM) Program under the firm’s guidance. Read More

September 13, 2024 - BANKING-AS-A-SERVICE UNDER SCRUTINY: BALANCE INNOVATION AND RISK IN 2024 - 2024 has been a challenging year for banking-as-a-service (BaaS). The collapse of Synapse served as a prime example of what can happen when banks do not adequately assess the risk they take on from outside fintech partners. Read More

August 16, 2024 - FINANCIAL SERVICES ADVISORY: REGULATORS FOCUS ON BANK-FINTECH ARRANGEMENTS - Amid recent scrutiny and enforcement activity in the banking-as-a-service (BaaS) space, federal regulators have issued a joint statement reiterating the importance of banks’ oversight of certain third-party relationships through sound risk management practices. Read More

June 24, 2024 - EVOLVE BANK WAS SERVED A CEASE-AND-DESIST ORDER — NOW WHAT? - The FDIC order addresses a series of corrective measures focused on “deficiencies” in risk management and compliance limitations on Evolve’s Open Banking Division (OBD). Endurance was quoted in this article. Read More

One major concern for bankers is the Federal Reserve’s interest-rate outlook, surpassing credit concerns and regulatory uncertainty. It would be wise to heed Chairman Jerome Powell’s advice and accept the reality of higher interest rates for an extended period, especially as stubborn inflation has persisted.

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Liquidity is a critical component of a bank's financial stability, impacting its ability to meet short-term financial obligations and weather unforeseen economic challenges. The ideal level of liquidity for a bank is influenced by a multitude of factors, including its size, business model, risk tolerance, and regulatory obligations.

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Last year saw turmoil in the banking industry. The multiple bank failures of 2023 sparked regulatory intensity that will undoubtedly continue into 2024 and the federal agencies’ commitment to addressing key priorities before the fall election will fan the flames.

Read More

On February 23rd, the Federal Deposit Insurance Corporation (FDIC) announced a consent order with Tennessee-based Lineage Bank regarding its third-party risk management program and financial technology (fintech) partners. This order underscores the regulatory attention on BaaS banks and fintech clients, signaling concerns about potential risks in the financial system.

Read More

Endurance Advisory featured by ManageCFO magazine for their fractional CFO and CRO successes. Endurance provides businesses with the agility and flexibility to access tailored financial guidance precisely when it’s needed most, without the burden of maintaining a permanent, fixed-cost infrastructure.

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Banking regulators have finally released the long-awaited final rule reforming Community Reinvestment Act (CRA) regulations—a regulation that often receives mixed sentiments from bankers. Fortunately (or unfortunately), regulatory changes typically unfold incrementally. The new rules, therefore, build upon existing ones rather than taking a wholly new direction.

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The drama surrounding the Synapse Financial bankruptcy continued Friday (June 7) with an afternoon court hearing in California’s Central District Bankruptcy Court, although the case appeared no closer to a resolution. As a result, the hearing set the stage for what will be a complex series of events that will stress-test the very concept of banking-as-a-service and challenge the business models that have put millions of consumers’ assets at risk.

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Pumpelly brings 30 years of experience in capital markets to the table from his time at firms such as Cushman & Wakefield, Johnson Capital and HFF. His expertise on credit markets and access to debt and equity alternatives give Endurance clients a unique edge.

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Bankadelic’s “Bank to School” special episodes have ranked among our most popular over the years, and our five guests this time around raise the GPA to new heights. Join Professor Lou as he quizzes them about 2023’s teachable moments, the banking industry’s honor-roll-worthy innovations, their agendas for learning — and the best excuse each one had for not turning in their homework.

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William Mills Agency, the nation’s largest independent public relations and marketing firm specializing in financial technology, has been selected by Endurance Advisory Partners as its public relations agency of record.

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Endurance Advisory Partners announced that it named Roger Beverage to its advisory board. Roger will serve a pivotal role and advise Endurance as it expands the business with a focus on helping financial institutions in the areas of strategic initiatives, risk, technology and operational insights to thrive in the competitive market of banking.

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A downturn in deals throughout 2020 meant that many banks paused efforts for growth, a position that can only be sustained for so long. Now, the challenges and changes wrought by the pandemic have a flip side: new opportunities for growth...“Consolidation is definitely in the winds,” said Stephen Curry, CEO of the bank consulting firm Endurance Advisory Partners.

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This advisory to insured state non-member banks and savings associations (FDIC-supervised institutions) reemphasizes the importance of strong capital, appropriate credit loss allowance levels, and robust credit risk-management practices when managing commercial real estate (CRE) concentrations. This advisory replaces an advisory issued in 20081 that emphasized these same points during a time when CRE market conditions had weakened, most notably in the construction and development (C&D) sector.

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We are experiencing a level of regulatory intensity rarely seen— not the simple effect of “net-new” regulations but the combination of a high-volume of regulatory issuances, the complexity and breadth of regulatory supervision, and the impact that these changes impose across the organization.

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One year ago, today the country shut down and I left my office for what I thought may be a few weeks. A few has turned into 52 and a new pandemic has changed the commercial office market in ways we never imagined a year ago.

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Many non-banks consider acquiring a bank (or establishing a de novo bank) to serve their customers and capture benefits afforded to a bank.

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Before embarking on this strategy, it is critical to determine the order of magnitude of the benefits as well as the costs of operating in the tightly controlled bank environment.

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Does your institution have a plan for digital? Your team should have a sense of the gaps in your platform required to enable a full digital experience.

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