First Bank’s Post

co-opting professional director Multi-State Cooperative Bank's Board can have up to 21 directors, plus two co-opted directors. The RBI should contemplate establishing a standardized approach for the co-option of these two directors. I recommend that the Board of the Urban Cooperative Bank utilize the Independent Directors Data Bank for selecting the co-opted directors, rather than continuing with the current selection process, which can be somewhat arbitrary.

🤝 Arbuthnot Latham has appointed Miles Kean as a director of private banking. Read more on thewealthnet

In the realm of underwriting and business development, I have honed invaluable skills in high-risk merchant services. These proficiencies set me apart, making the approval process smoother for the accounts I manage compared to my colleagues. Understanding the nuances of financial institutions and cultivating strong relationships are crucial aspects that many overlook. To excel in securing approvals, a comprehensive understanding of the entire account journey is paramount. #Underwriting #BusinessDevelopment #HighRiskMerchantServices

Want to get the highest credit limits out the gate? Here’s a breakdown… ONLINE - worst way to apply for anything. It’s completely automated and often what you get is the final answer. Plus, they almost never give super high lines out the gate. BANK MANAGER - seems obvious but again all they’re doing is submitting your info into a system that gives them an answer. It does help that they see you in person though. RELATIONSHIP MANAGER - the best way by far. You usually don’t see these people stationed in a bank, but more at the corporate offices. - they can pitch your story directly to underwriters and explain why you need the high limits your asking for. - details can often be reconsidered and approved. SUMMARY - use only relationship managers if you want the highest credit lines out the gate. 💪 #sales #opportunity #finance #credit #learning #success #banking #funding

Interesting! To my fellow conveyancers how are you proposing to deal with this? Are you obtaining funds sooner? Are you speaking to your bank to understand their intentions? Are they happy to release from a regulated firm to another? #beinformed #worktogether #protectyourclient #collaboration #conveyancing

https://lnkd.in/d6_WEeVQ Assistant Operations Manager The role of the Assistant Operations Manager is to assist the Operations Manager in the day-to-day management of Processors. Provide service and quality processing of loan files in accordance with all Government, Federal, State and Investor regulations, assuring the marketable quality of each loan. Manage and monitor all daily reports related to the position and respond to the Operations/Center Manager as necessary....... #PA2ASSISTRevolution #GlobalAssistantConnect #BusinessEmpowerment #VirtualPAPlatform #SkillMatchmaking #EfficientAssistance #QualityServiceConnection #SimplifyDelegateThrive #PA2ASSISTImpact #EmpoweringCollaboration

How can you delegate your banking in your business? In this video, I cover the process that works for most businesses when it comes to handing over all of the payments without getting too involved. But it is really important to do this in a way that is completely secure to reduce the risk of fraud in your business. #BusinessBanking #Delegating #Accountant

Fascinating report by the Treasury Select Committee inquiry into the debanking of business accounts. It reveals 140,000 were closed last year. Business bank accounts are not afforded the same regulatory protections as personal accounts. Where fraud is identified Cifas markers are loaded against directors personally because they are the controlling minds of the business. Once marked it is almost impossible to obtain another business account, consequently placing the business in question at risk of collapse. The directors are then at risk of being personally debanked and refused credit. Business bank account closures create complicated legal scenarios with limited lines of appeal and those impacted should take urgent legal advice rather than attempting to resolve disputes themselves. If you are affected by this issue please contact me at Setfords. #debanking #cifas #fraud #business #companies #finance #banks #banking #aml #compliance For more information see press release here 👇 https://lnkd.in/eezqVjCR

This morning on BBC Radio Guernsey, our colleague Jacques Colley joined a segment discussing banking issues facing local businessses - particularly the lack of options, and some challenges that small to medium sized businesses have in even getting bank accounts! Let us know your thoughts on this topic in the comments below 🔽 #guernsey #banking #consultancy #compliance #radio #interview

𝐀𝐫𝐞 𝐲𝐨𝐮 𝐩𝐫𝐞𝐩𝐚𝐫𝐞𝐝 𝐟𝐨𝐫 𝐫𝐢𝐬𝐢𝐧𝐠 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐢𝐧𝐬𝐨𝐥𝐯𝐞𝐧𝐜𝐢𝐞𝐬? At a time of rising insolvencies, there’s a way to help protect your business from customers going bust - the Personal Property Securities Register (PPSR). Registering on the #PPSR helps boost your rights when a customer becomes insolvent. Don’t leave your business vulnerable. With our specialist advice, start protecting your security interests right now: https://bit.ly/3W3d0qQ #𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 #𝐫𝐞𝐠𝐢𝐬𝐭𝐞𝐫 #𝐥𝐢𝐪𝐮𝐢𝐝𝐚𝐭𝐢𝐨𝐧