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.
Read MoreMarch 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.
Read MoreJanuary 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.
Read MoreJanuary 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.
Read MoreJanuary 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.
Read MoreDecember 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.
Read MoreSeptember 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
May 17, 2024 - HIGHER, LONGER: HOW BANKERS MIGHT APPROACH TODAY’S INTEREST-RATE ENVIRONMENT BY STEVEN PATRICK FEATURED IN BAI - One major concern for bankers is the Federal Reserve’s interest-rate outlook, surpassing credit concerns and regulatory uncertainty. Read More
April 4, 2024 - THE EXPLODING FINTECH SCENARIO, INVISIBLE TECHNOLOGY AND ARTIFICIAL INTELLIGENCE FEATURING STEPHEN CURRY - In a constantly changing environment, financial institutions are continuing to pursue ways to increase efficiencies, better productivity and increase profitability. Read More
March 15, 2024 - ENDURANCE ADVISORY FEATURED IN MANAGECFO MAGAZINE - Endurance Advisory featured by ManageCFO magazine for their fractional CFO and CRO successes. 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.
Read MoreLiquidity 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.
Read MoreLast 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 MoreOn 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 MoreEndurance 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.
Read MoreBanking 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.
Read MoreThe 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.
Read MorePumpelly 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.
Read MoreBankadelic’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.
Read MoreWilliam 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.
Read MoreEndurance 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.
Read MoreA 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.
Read MoreThis 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.
Read MoreWe 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.
Read MoreOne 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.
Read MoreMany non-banks consider acquiring a bank (or establishing a de novo bank) to serve their customers and capture benefits afforded to a bank.
Read MoreBefore 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.
Read MoreDoes 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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