HubSpot research finds 96% of companies that have 101 or more new opportunities in their sales pipeline each month achieve their quota vs. 85% for those with 51 to 100 opportunities and a dismal 18% for those with less than 50. Clearly, it seems there is a link between sales opportunities in the pipeline and achieving sales quotas. Now you know.Speaking of sales, bankers should note that despite the issues at Wells Fargo as of late, cross-selling doesn't have to be a bad word. In fact, small business owners want their bank to cross-sell, according to a Barlow Research Associates...
The American Payroll Association reports about 10 minutes per day/per employee, is lost as a result of people leaving early, being late and taking long lunches. For a company with 100 people, given 240 working days per year, that adds up to about 4,000 hours per year that disappears due to inefficient time usage. Time is flying in banking too, particularly when you're preparing for new rules governing current expected credit loss (CECL). Even though the effective date for most community banks is not until January 1, 2021, regulators have begun to ask questions about how well CECL preparation is...
In most parts of the country it feels warm outside and summer is just around the corner. As such, we point out a couple of not so sunny facts about skin cancer from the American Cancer Society to help keep you and your loved ones safe this summer: skin cancer is the most commonly diagnosed cancer in the US and tanning is actually the body's response to injury from the sun. As for sunscreen, research shows a sun protection factor (SPF) of 15 blocks out 93% of the sun's UVB rays vs. 98% when the SPF is 50 (no difference...
Harvard research finds US women and men who maintain healthy lifestyles live much longer than those who do not. Researchers estimate life expectancy at age 50 for women who do not adopt any low risk lifestyle factors is 29Ys, compared to 43.1Ys for those who adopt all five low risk factors (+18%). For men, the shift goes from 25.5Ys to 37.6Ys (+16%). So, if you want to live much longer, you might want to focus on: not smoking; low body mass index (18.5-24.9 kg/m2); at least 30 minutes of moderate to vigorous physical activity per day; moderate alcohol intake (up...
A survey by health insurer Cigna shows it sure is lonely out there. A shocking 50% of respondents say they feel alone or left out always or sometimes. Even more surprising, younger people in Gen Z (18 to 22Ys old) rated themselves 23% lonelier than the group aged 72Ys or older. This survey should sound alarms with parents, who may think that social isolation and loneliness are out of range for this younger generation.In the banking industry, it can certainly seem lonely too - especially when one considers the competitive risk of an unregulated entity like Amazon entering into the...
A new study by MIT researchers finds that if you are interested in learning a new language, the best time to do so, to become as proficient as a native speaker, is before the age of 10. You can still learn languages after that, of course, and even understand them. But to truly master speaking, it looks like it is more child's play than anything else.Bankers certainly don't play around though when it comes to protecting customer and bank data, but it is critical to stay vigilant. In fact, as of February 21st, there had already been 140 data breaches...
As a kid, everyone at one point or another probably looked at the stars in the sky and thought how amazing it might be to become an astronaut. Fast forward and SpaceX/Tesla founder Elon Musk says he will send the first manned mission to Mars in just 6Ys. That's right, we finally get to meet the Martians we have long heard about to see what makes them tick.*Note: I took out the last sentence of this paragraph before track changes... Bankers too have to deal with the launch soon of new rules for calculating current expected credit losses (CECL). Community...
Research finds most people like a good cup of morning coffee. In fact, 64% of Americans say they drink at least 1 cup of coffee each day and the average person guzzles 2.7 cups. Of those who say they drink coffee, 76% add milk, cream or sugar, while 24% take it as it comes. Finally, 66% of women and 62% of men say they drink coffee every day.Like most people, most bankers also like a good cup of morning coffee, as they think about the day to come. As you do that this morning, consider that banking and non-banking services...
You may find it odd, but Ancient Egyptians reportedly used slabs of stone as pillows. Imagine a pillow fight back then! In more modern times, experts say you should replace a feather pillow about every 8Ys, a down pillow every 7Ys and a polyester pillow every 1Y. Guess you don't need to worry about that too much if you are still using a rock.No matter how you slept last night, you know that publicity of all sorts is usually good for the bank. You should also know that when you take the time to talk with a reporter, you're doing...
The Romans sure invented some interesting things in their time. They invented concrete, aqueducts, newspapers, welfare, roads, arches, and even the modern day calendar. Oh yeah, they also invented using urine to clean and whiten teeth. Gross, but it just goes to show you some inventive types might not know when to stop.Today's modern technology revolution has forced banks to invent new digital ways to connect with clients. This has also prompted some community banks to shift marketing efforts from traditional advertisements to digital ads. While it makes sense for community banks to focus marketing efforts on the venues that...
In a strange twist of fate, a story is told of a man in 1567 with the longest beard in the world. It seems he was trying to run away from a fire and tripped over his own beard. Guess it still makes sense not to let any facial hair get too out of control perhaps.Bankers that are active in agriculture (Ag) lending know it is important to stay on top of things to avoid potential issues. Farmers are struggling with low prices for wheat and row crops, especially in the corn-, beans-, and wheat-producing Midwest and Great Plains. The...
There is nothing like a good fizzing drink to better enjoy your meal. However, that isn't likely the case in areas that have glaciers and icebergs. You see, in those parts of the world, when such icy behemoths melt, they reportedly make a unique fizzing noise that researchers call a bergy seltzer - plop, plop, fizz, fizz, everyone.When it comes to banking, some would say the fizz and sizzle of the branch has gone flat. After all, remember the good old days when a bank kept its valuables in a vault? Things are different in the digital age, particularly when...
As you eat your breakfast this morning, consider something. The ring shaped pieces in Froot Loops cereal are bright and different colors (green, orange, purple, yellow and red). Yet, despite the different colors, they actually all are exactly the same flavor - a blend of fruit flavors. Sorry to splash natural and artificial colors all over your childhood, but even though your brain has been fooled for all those years, we would still say the Froot in the Loops tastes just as good now as it did back then.Since their childhood it seems, community banks have been working to expand...
We found it interesting to know that the average person falls asleep in just 7 minutes, while experts say you should be able to do so in 10 to 15 minutes, and if it takes less than 5 minutes you are sleep deprived. Speaking of all things sleep, you may not know that cats sleep about 67% of the time, large dogs sleep about 75% and humans only sleep 33%. Also, 12% of people dream only in black and white and 15% of people are sleepwalkers. When it comes to banking, the need for mobile connectivity is so potent that
Everyone blinks. In fact, the human eye is actually closed about 30 minutes each day from the blinking process. That says something because the average blink only lasts 1/10th of a second and you blink about 12 times every minute. One more interesting thing to know about the eye - the activity of seeing is so complex, it takes about 50% of the brain to manage it all. Small businesses have been seeing business conditions improve, if February's National Federation of Independent Business's (NFIB) Small Business Economic Trends Survey is any indication. The survey's Business Optimism Index hit
We aren't dieticians, but found it certainly interesting that research finds you burn more calories eating celery than it contains. After all, it only has 6 calories and is about 95% water. The good news is that one cup of celery gives you about 30% of the recommended daily intake of Vitamin K, which plays a key role in helping blood to clot and assisting in absorption of calcium from food. Of note, celery is part of the parsley family, which also includes carrots and cumin.While certainly not as good for you as the crunch of a good stalk of
It seems if you have a chocolate factory by your home you are more likely than not to consume it. At least that is the result of a study by Leatherhead Food Research that looked at which countries consume the most chocolate. As you might guess, Switzerland came in first (Nestle, Lindt) with a whopping 11.9kg of chocolate per capita consumed (about 240 bars of chocolate) per year. It was followed by Ireland (9.9kg), UK (9.5kg), Austria (8.8kg) and Belgium (8.3kg). The US ranked #15 at 5.5kg.No matter what foods you like to consume, it is important for bankers to
According to the worldatlas.com site, the most popular languages in the world (determined by both native and acquired language speakers) are English, Mandarin, Spanish, Hindustanti and Arabic. Here in the US, the languages spoken at home by the most people are English (79.6%), Spanish (13.5%), Chinese (Mandarin/Cantonese 1.1%), Tagalog (Filipino 0.6%) and Vietnamese (0.5%). For what it is worth, English speaking translators say the most difficult language to learn is Mandarin.For their part, bankers speak to the media in order to boost exposure for the bank and to get free publicity. To get the best return on your time and
To end our celebration of Community Banking Month, we bring together a mix of outreach stories. We cannot possibly capture all the wonderful ways community banks help their neighborhoods every day. But, we hope that we have given you a peek into the impact community banks are making. Fighting HomelessnessExecutives of Golden Pacific Bank in CA ride their bikes in downtown Sacramento to reach out to homeless in need.River City Bank in CA awarded $100k to Sacramento Cottage Housing, which provides long-term housing and training programs for the formerly homeless.Berkshire Bank of MA gave
If you have ever been to Miami, you know that it is known, among other things, for its pink flamingos. What you may not have known though is that there are more plastic flamingos in this country than real flamingos. Before you fly away this morning, know that most community banks are beginning to peck away at the new Current Expected Credit Loss (CECL) rules. This is important because CECL could produce difficult choices, as it requires banks to compute expected losses over the life of a loan when the loan is originated. When we surveyed community bankers about their
If you are wondering how advanced humans really are from apes, consider this strange fact this morning. It seems researchers somewhere fed human birth control pills to gorillas and found they work just as well as they do on humans. Maybe that's also why they say humans share over 90% of DNA with primates. The DNA of big banks is that they don't wait for customers to visit a local branch, but rather have ramped up real time messages like "your checking balance is low" or "your credit card activity is unusual." While this may be a basic service for big bank customers,
Those who have been around for a while will remember an old TV advertisement that featured a smart owl that was asked how many licks it took to get to the center of a Tootsie pop. The owl licked three times before eating the rest of the candy whole. In reality, it seems people have tried this and the actual number is somewhere closer to 140 licks.As you search the office for a Tootsie pop to test this out, you already know it can be very tough for your customers to run their small businesses. It's even tougher when the
If you are musically inclined, some people may say you have an "ear" for music. We find that particularly funny this morning, as it is also said that most toilets flush in E flat. So, the next time you musicians are using the facilities, be sure to check it out for yourself.Before you tune us out today, consider that contrary to popular belief, many millennials actually care about their finances. As such, banks that can best help this customer group achieve their goals could win their business.Individuals ages 23 to 37Ys old are actually just as good, or better, than
For the third week of Community Banking Month, we want to focus on community banks' good works with a little different approach - specifically looking at financial education outreach. We showcase a few diverse and influential ways to help out, but many of you are likely doing something like this as well. We thank you for your steadfast commitment to the community.Children's Savings Account (CSA) ProgramHeritage Bank in WA is an operating and cohort sponsor for a CSA program with Tacoma Housing Authority. This sponsorship teaches low-income students how to save as well as enrolling and funding
For those readers who like to try different things when speaking to Amazon's Alexa, you might be interested to note that the voice assistant can now make donations to charity for you. Since bankers are always interested in things that could impact their business, monitoring what is going on with voice/digital assistants makes sense too. When it comes to making business decisions, financial modeling is yet another smart thing community bankers can do to stay on top of things. After all, models have limits and thus create risks for bankers. As a result, investing in sound risk modeling can be
A study by diagnostics company Ambry Genetics finds up to 40% of at-home DNA test kits consumers are flocking to can be incorrect. It seems false positives with these tests are common. Nonetheless, we still find the tests fun, although it might not make sense to see them as deeply diagnostic, given such limitations. Multiple studies in banking also try to diagnose what customers may or may not do now and in the future. Here, a recent JD Power study on banks and financial advice finds that more than 75% of US retail bank customers polled say
A study on mobile phone usage finds running out of phone battery at a crucial time can be more stressful than running late to work or going to a job interview. People seem to feel more isolated or unable to perform to their capabilities without a working phone. No matter what stresses you out, Intermedia's 2017 Data Vulnerability Report finds roughly 20% of office workers certainly have been stressed due to becoming a victim of a phishing email. These types of attacks are on the rise, so banks need to know what to look for and how to respond.
Scientists still don't know why knuckles crack when you bend them, but some think the size of bubbles around the knuckles may be the reason. We will keep watching to see if more evidence bubbles to the surface, but in the meantime scientists say cracking your knuckles probably doesn't do any harm. In banking, evidence suggests bank digital lending strategies may not be all they are cracked up to be either. We know that community banks are likely even more reticent in this department, but we thought the 2018 ABA State of Digital Lending survey, provided some fresh
For the second week of Community Banking Month, we want to continue to recognize some of the distinctive and special ways community banks are supporting their local populations. Today, we provide you with stories that embody both responsiveness and creativity in giving. Where there is a need, community banks reach out. We honor you all for your tireless commitment to your communities. Wildfires and MudslidesMontecito Bank and Trust in CA was one of the few banks that remained open during voluntary evacuation. It provided 1500 face masks and 12 air purifiers in its branches, and distributed 15,000
The fastest car in the world is reportedly the Bugatti Veyron Super Sport, which can go from 0 to 60 in 2.4 seconds and reach a speed of 267 mph. That is really fast, but still crazy when you consider a cheetah can go from 0 to 60 in only about 3.0 seconds. Speaking of all things fast, consider the speed of the flow of data in the banking world. By 2020, each second will bring approximately 1.7mb of new data for every person on earth. Hook this data to apps and other artificially intelligent (AI) offerings, large and small
You may not know it, but the current world record holder for the fastest mile in the world for men is Hicham El Guerrouj at 3:43.13 and for women it is Svetlana Masterkova at 4:12.56. Now, most community bankers probably don't race around their bank that fast, but if you are trying to set a personal best and have some track blood in your veins, you know the times to beat.Standards in track are important but standards in banking are even more important to community bankers. That's why so many are interested in legislation passed recently by the House of
Did you hear how a Chick-Fil-A employee helped a 4Y old boy? The boy walked into the men's room even though his mother had planned on taking him to the ladies' room. The boy needed to wash his hands, but soon realized he was too short. So, he did what any kid would do and popped his head under a bathroom stall and then joined an employee in that stall to ask for help. The employee helped the boy and posted a video of it on social media - which went viral with 10mm views! Keeping hands clean is not
Some of us feel a little more stressed around tax time. United Way Worldwide survey found that almost 75% of millennials feel stress around this time. This is commonly due to worries about making a mistake (48%) or not getting a full refund (23%). Another stressor (if they found out about it) could be that many are not claiming the number of tax credits they have earned. Could social media connections help them feel better about filing next year? Who knows, but social media is definitely important in many ways.Although we have touched on social media a few times before,
The Chronicle of Philanthropy reports the largest charitable donations of 2017 were from Bill and Melinda Gates ($4.6B), Mark Zuckerberg and Priscilla Chan ($1.9B), Michael Dell ($1.0B), Henry Hillman ($800mm), and Herbert and Florence Irving ($600mm). Like these great philanthropic givers, community banks also give back all the time to their communities. Also, since April is Community Banking Month, we want to recognize some of the impactful ways community banks are supporting local businesses, nonprofit organizations and others. In February, we asked banks to share their stories of community support and outreach programs. We received many wonderful stories. Unfortunately, we
The world's most popular websites according to the World Economic Forum are Google, YouTube, Facebook, Baidu and Wikipedia. Given how much people use the internet, no matter the website, risk has increased.It can be difficult and expensive to develop an in-house cyber security team. This is true, in part, because of a nationwide shortage of cyber security talent. For community banks, outsourcing IT security can be good but it also can increase risks. As you think about whether and when to call in IT help for your teams, you will still need in-house capabilities. To begin, ask how complex your
If you have ever watched Wheel of Fortune, you probably know that the most frequently used letters of the alphabet are: E, A, R, I and O. So, enjoy your EARIOs this morning as you astound your friends and family.Regulatory technology (RegTech) is the fastest growing segment within the financial technology (FinTech) arena of development. RegTech aims to take the ever-changing and complicated demands of banking compliance and make them more automated, less expensive and less time-consuming. While we have covered RegTech in the past, we thought it was time for an update.RegTech is big. Firms playing in this subspace
People make mistakes all of the time when it comes to grammar. Whether it's (its) your (you're) issue or theirs (they're, there), problems abound, leading many writers fumbling for effect (affect) on you too (to). Small-business loan delinquency rates are still low, but they have climbed a little from their 2013 low. Defaults are also slowly rising, from 1.5% in 2015, to 1.8% in 2017, to a forecast of 1.9% in 2018, according to PayNet's Absolute PD Forecast Default Rate Chart. To help navigate through this rising risk and minimize errors, we have five tips to share.Tip 1:
For 3Ys in a row, over 50% of Americans are exercising the recommended amount. Strangely, that is not making a difference on the obesity rate, which continues to rise. It reached an all-time high of over 31% last year according to the CDC. It seems the daily recommended amount of 150 minutes per week (21 minutes per day) of moderate exercise may not be enough after all.As we continue to look for a magic formula to keep us healthy, bankers may be looking for a magic tool to help guide them in the countless decisions they must make around the
Have you read a book in the last year? Pew Research shows that more than 25% of Americans have not even read part of a book in the last 12 months. You wouldn't think that is a big deal - after all, we are all really busy. But, studies show there are many benefits to reading books, including being more creative and open-minded, as well as living longer and more successful lives. Community bankers may or may not be reading more this year, but they are studiously trying to grow and pay more attention to a number of industry challenges.ICBA's
For the first time, Coca-Cola will be making alcoholic drinks to sell in Japan. Coke plans to mix its cola with a distilled grain-based alcohol to deliver a ready-to-drink, alcoholic beverage. This market grew 9% last year. Coke has launched other innovative products outside of the US before, such as a high-fiber version of Coke called Coca Cola Plus, but this is the first move into the alcohol market. This Coca Cola innovation is a good lesson for bankers too. No, you shouldn't get into the cola/alcohol biz probably, but change is good. After all, there are many new and
Studies indicate 1.2B people worldwide do not have proper shelter. As a result, a startup in Austin decided it would work to change that. Using a heavy-duty 3D printer, the startup can "print" a single story, 650 sq ft house out of cement in 12-24 hours. This may seem a little unbelievable, but if all goes well, the company will be building 100 homes in El Salvador next year. Even more interesting perhaps is that a printed house only costs $10k and the startup expects that will eventually come down to $4k. It looks like the tiny home market could
According to creditcards.com, as many as 12mm Americans have admitted that they hide money from their significant others. We are not exactly sure the motivation for doing this, but experts say this is not a good thing as it builds distrust. These days, it is not as easy as hiding a wad of cash in your sock drawer either. In our high tech, data rich world, it is about as easy as a P2P text message or mobile deposit notification to find out about any extra money being kept by your partner. On the flip side, many companies seem motivated
If you live in most areas of the country you are still probably adapting to the change to daylight savings last week. Studies show that even 1 hour of lost sleep can make you hungrier, lower your immunity, decrease your focus at work and even cause more accidents. You may be wondering if the loss of sleep is worth the extra daylight. You will be happy to know that community bankers are definitely not asleep at the wheel when it comes to fraud. That said, sometimes it feels like the more you do, the more fraud increases and the more
A Gallup survey finds 43% of surveyed adults spend at least part of their time working remotely. The top 7 list of jobs most often cited includes: client services director, speech language pathologist, business development manager, developer, nurse, account manager and accountant. We note community banker isn't on this list, which is odd in a way because bankers every day busily engage with customers in person and remotely. After all, there is more than one way to engage with customers, and community bankers everywhere are balancing in person structures with the digital transformation wave that is already washing ashore. Banks
What a bizarre story. It seems a neurosurgeon at Kenyatta National Hospital in Nairobi did brain surgery on the wrong patient. ID tags were reportedly mixed up between this patient and another one. The patient is fine, but the hospital suspended the surgeon and others on the team. That sounds like the right step to take until you hear that a bunch of other doctors are on strike now until a whole bunch of operational procedures are fixed and the doctor is reinstated. It seems this boneheaded hospital has not yet relented, despite the fact there were 2 patients admitted
A Rooster Money survey finds children ages 4-14 received an average allowance of $454 in 2017. The top paying chores for kids were: washing a car ($12.49), babysitting ($12.44) and gardening ($9.93). At $454, you could have your cars, your neighbors' cars and your relatives' cars all washed. Not only that, but chores can also build character and start good money management habits for children. Given all of the cyber risk in banking these days, there are also plenty of chores for a chief information security officer (CISO).At most community banks, IT teams wear multiple hats, so it isn't uncommon
Do you work long days? If so, you should know several studies find working less, but more effectively, can actually help you achieve more. In fact, working too much may actually be stunting achievement. High achievers like Teddy Roosevelt, Charles Darwin and Ernest Hemingway, among others, only worked a few hours a day. As you tell your boss or the board that you are going to work from 8am to 10am from now on, there are a few things to remember to boost productivity: focus, don't multitask, take good breaks (no social media during breaks) and nap.In banking, the latest
Air-taxis sound a bit like the Jetsons (futuristic cartoon from 1962-1987). But, they could be coming sooner than you think. Uber has teamed up with Bell Helicopter to transform mass transportation and introduce air-taxis under their partnership by 2025. Bankers having to deal with even some traffic gridlock on a regular basis will welcome this news no doubt. That is big news and speaking of all things big, today we discuss where big data has gone in banking. The idea behind big data is to gather together tons of information that the bank has and comb through it to identify
You may have heard that millennials like avocados. Well, they are taking it one step further by using their favorite fruit to propose. That's right - avocados are fruit and there are many instances where people have proposed using a ring in the middle of an avocado. Even #avocadoproposal is now a thing. This trend has even crossed the Atlantic as a British supermarket carries avocados with the stickers "perfect for proposals". What ever happened to using a simple ring box, we wonder? If creativity is the name of the game, could proposing eventually become virtual with limitless possibilities?Virtual reality
The Beastie Boys are credited with coining the terms mullet and mullet head. This short in front and on sides but long in the back haircut is certainly something to behold. So, we wonder how you feel about it. Well, if you live in the small town of Kurri Kurri, Australia, you most likely will be celebrating the mullet and proudly wearing one. The town has a festival with a contest for the best everyday mullet, the best grubby mullet and then of course, the best women's mullet. You may not be incentivized to be creative with your next haircut,
Did you hear about the hunter that was struck on the head by a falling Canadian goose? The hunter was actually knocked unconscious and suffered head and facial injuries. In case you were wondering, it wasn't karma. Apparently, a nearby hunter fired into a flock of geese overhead, killing one of them. That goose then fell some 90 feet and struck the other hunter on the head. For the non-hunters in the crowd, you can stop laughing now, and for the hunters out there, you might want to buy a helmet. In our industry, it seems at least some small
New research from the University of California, Irvine shows drinking about 2 glasses of wine or beer a day is linked to an 18% decrease in a person's risk of early death. The study was done on the habits of people living to at least 90. Although not yet published in a scientific journal, this study is interesting. While there may not be any beer or wine involved, many equipment-intensive businesses, such as construction and farming, have relationships with community banks. Interestingly, these customers may not think of community banks as potential sources of funding when they lease
Shared work spaces are all the rage these days, as companies seek to control expenses as they plot aggressive growth strategies. In this area, a new company called Birdnest has reportedly found a way to match startups with unused office space and underutilized restaurants. We think this is an interesting way to fill empty spaces in this flexible world and it may even allow building owners to eat their lunch and have their meeting too. Just as shared work companies have been thinking outside of the box, a number of banks are joining forward-thinking companies in order to attract young
We thought it was interesting that today is National Cheese Doodle Day. Although it is not certain who the actual inventor of the cheese doodle (aka cheese puff) is, Morrie Yohai seems to get most of the credit. By the way, the world record for the most cheese puffs eaten in 20 seconds is 13 - about one every 1 1/2 seconds. We wouldn't encourage speed eating them, but having a bag of cheese puffs with lunch may not be a bad idea to celebrate today. As you munch on your bag of cheese puffs, ponder the
National Geographic indicates the praying mantis lives about 1Y in the wild and goes by the scientific name mantis religiosa. These tough insects known as mantids can also turn their heads 180 degrees to seek out prey. We all know they have two large compound eyes on the sides of their head, but you probably don't know that there are another three simple eyes located between those big bulbous babies. In this rapidly changing industry, it is always good to know what the bank customer experience is, in order to address any service gaps and drive customer retention. Of
People in Japan seem to generally love technology and this country is one of the fastest adopters of all things tech. Now it seems this love of technology has moved to the weather. That's right, Erica the robot or weather bot has arrived. Erica is designed to look like a 23Y old woman and she will reportedly even sit behind a news desk. She will read a teleprompter starting this spring. We wonder how long it will take for Erica to show up on news broadcasts in the good old USA and whether her weather forecasting will be any more
At the end of last year, some fool in Virginia tried to steal a car. While that sort of thing happens all the time around the country, this brainy crook took steps to look even dumber when he was caught. When arrested that same day, the police laughed when this fool was wearing a t-shirt that read, "Trust Me." We found this very comical indeed.It turns out banking industry researchers from Washington University in St. Louis have been having fun of another type as of late. They dove deep into the data to take a close look at
You have to love this one. Lucerne University in Switzerland said it will start teaching people how to yodel. That's right - the university has hired a world class singer to teach this singing style. For the expert yodeler bankers reading this morning, you already know that yodeling involves quick switching back and forth from a low to high pitch. For the historians in the crowd, yodeling was used way back in 1545 when herders reportedly called between their villages or wanted their animals to return.We don't know too many bankers that yodel, but there are probably some out there,
Shoes are big business when you consider sales in the US are expected to generate $83B in 2018. If you have shoe manufacturers or retailers as your customers, you will be happy to know this. Of course, shoes are designed for many tastes and styles, which happens to be the same for bank branch designs. Given all the advice swirling around about branch design, it's easy for a community banker to hit information overload. Are there in fact principles that bankers can use to guide good branch design? How much space do you need to devote to tellers vs. digital
Doctors always remind people to wash their hands with soap and water (particularly during flu season), eat good food and get plenty of rest to stay healthy. Maybe it is time someone warned you about the risk of holding back a big sneeze. Believe it or not, doctors in the UK reported a 34Y old man who felt a sneeze coming on tried to contain it and was hurt by doing so. Doctors say one of the worst things you can do is try to clamp your nose and mouth shut to try and quiet or contain a big sneeze.
You might not believe it but a woman in Florida was arrested by the police for riding her horse on a highway. The issue wasn't that she was riding the horse, but rather that she wasn't doing so on some country road. Compounding matters, she was apparently drunk as she galloped on down the highway. The woman was charged with a DUI and the horse was probably put out to pasture.In banking, small businesses have been regular visitors to community bank branches since you tied your horse to the hitching post out front. Those days are long gone, however, and
Now we have seen it all. A French restaurant has reportedly installed vending machines that can spit out oysters for hungry customers 24 hours per day, 7 days per week. Our issue isn't the attempt at customer service, but rather the simple fact that no matter how much you love oysters, we have to think that machine would stink over time. We also wonder how people will be able to shuck those oysters with the plastic utensils they likely brought along for their late night picnic.Banks are constantly experimenting with things to try and attract and retain younger customers. We
It would seem that some people just don't want to work very hard. At least that is true in one part of Italy, where postal police found a mailman with more than a half-ton of undelivered mail sitting in his garage. The missing mail had reportedly been building up for 8Ys in the garage and included all sorts of things. The article gave no reason for the man's behavior, but one could certainly say laziness may have been a contributing factor perhaps.Bankers are anything but lazy, particularly when it comes to managing risk. Look no further than a
Researchers at the Icahn School of Medicine in New York have found certain compounds in grapes may help fight depression. These compounds reportedly target cellular and molecular pathways related to the immune system and that in turn could help treat depression. If grapes aren't your thing, research also finds other foods that help with depression include blueberries, yogurt and carrots. We aren't doctors, but these are all healthy foods. So, it may not be a bad idea to eat them anyway.As you ponder this today, we switch to the evolution that is slowly occurring in customer relationship management (CRM). These
A new study by UK researchers looked at people who are bitten by dogs. It surfaced some interesting information, such as: people are usually bitten by dogs they don't know vs. their own dog; men are almost 2x more likely to be bitten than women; people who own multiple dogs are over 3x more likely to get bitten than those wo do not own a dog; there are about 18.7 dog bites out of every 1,000 people in a given year; and people who have anxiety or are nervous are more likely to get bitten than those who are calm.
Watch out people! It seems research from the US Department of Health and Human Services finds high levels of cell phone radiation can result in malignant cancer tumors in the hearts of male rats. Interestingly, this did not occur in female rats, or in groups of mice that were tested. Clearly, more research is needed and is ongoing. No one is too sure what causes certain medical problems to be worse in some than others, so further analysis just makes sense. In banking, there is another form of testing going on around the world of cyber currencies. Lately, these things
Scientists have now figured out that a comet from space that hit Earth some 12,000 years ago set fires larger than the asteroid that killed the dinosaurs and led to an Ice Age. It seems the fires were so large that the dust and smoke created by them clogged the sky and cut off sunlight that led to an Ice Age that lasted 1,000 years. That is some ice cold information.As you look for a blanket to keep warm, know that community banks too have been shivering as of late. This is because community banks continue to grapple with the
A couple of Russian astronauts reportedly took a walk in space in a record setting event to repair an antenna. The only problem was that when all was said and done, the antenna was apparently installed in the wrong spot. Mission Control is now trying to figure out what to do to fix it, up to and including taking another walk in space perhaps. It just goes to show you that sometimes even the best laid plans can go awry.In banking, the same holds true when it comes to protecting against cyber risks. After all, cybersecurity and cyber-attacks are fast-moving
The flu this year is bad, but history shows it can be much worse. Back in 1918, the world was hit by a strain dubbed the Spanish flu. It triggered a pandemic that killed an estimated 50mm to 100mm people around the world. For context, that is worse than any pandemic prior or since, including the Black Plague and other such events. This year's flu seems to be peaking, so that is good, but in the meantime, get plenty of sleep, drink tea, keep your protein up, wipe down common areas, sanitize your office space, try zinc, wash your hands
Good news for people who frequently get bitten by mosquitoes. A study by Virginia Tech finds mosquitoes identify humans by odor, and swatting a buddy of theirs gives new blood sucker attackers an unpleasant interaction for about 24 hours. That causes them to steer clear. So, along with all of the sprays and lotions, you can just watch for the first bug to land and then smash it. That will tell the other circling mini-monsters to go somewhere else. Not bad to know.In this day and age, when we expect a Google search to serve up thousands of web pages
Now that scientists have cloned monkeys in China, people wonder how long it will be until humans are cloned. For what it is worth, since Dolly the sheep was cloned in 1996, scientists have cloned camels, cattle, cats, coyotes, dogs, fish, frogs, goats, horses, ibex, mules, pigs, rabbits, rats and even wolves. Heck, even human embryos have been cloned. The big breakthrough though it seems, at least scientifically speaking, is primates. The good news is that, for those who have always worried that robots would take over the world, you can now turn your attention to your own clone instead.
Well, it looks like becoming an astronaut may not be as awesome as it once was. You see, researchers are toiling away trying to figure out how to recycle poop on long space trips and turn it back into food. Disgusting, if you ask us, and certainly a long way from the early days when drinking Tang and eating weird rolled up peanut butter was the way to go. When it comes to the Community Reinvestment Act (CRA), community banks understand the importance of steering clear of a "Substantial Non-compliance" rating from federal regulators. But
You probably heard about work led by Tel Aviv University in Israel. A team there found a fossilized portion of a human upper jaw that dates back to somewhere around 177,000 to 194,000 years old. The most interesting part is that it is so old, it seems to indicate the evolution of Homo sapiens actually occurred 100,000 to 200,000 years earlier than originally known. It just goes to show you that no matter what you think you know, things keep changing, so you need to keep learning. Accordingly, no matter the age of the bankers you know, the same holds
You don't want to come across the giant centipedes that can be found in eastern Asia. They are about 7 inches in length and have reportedly been found to stun and kill prey up to 15xs larger with deadly venom that takes effect in as little as 30 seconds. These deadly invertebrates have been known to kill people, as poison shuts down channels that affect the brain, heart and other organs. As you travel internationally this summer, be aware - they live in the forest, on farms and in cities all over eastern Asia. Scientists are working on anti-venom and
In the end of last month, Amazon Go opened its doors in Seattle, as the first digital grocery store without any cashiers. Your shopping bag automatically identifies and adds up everything you gather, so you can just walk in and out and everything is simply charged to your credit card. To get started, visitors simply download a special app to use the digital shopping cart and check-out without waiting in line. As this store format shows, machines can do many interesting things that make our lives easier. Machine learning is one area banks are focused on to gain a potential