Remove Compliance Remove Lending Remove Management Remove Minnesota
article thumbnail

The benefits of micro-lending programs

Independent Banker

“There is a lot of time and energy spent, not only making sure that credit decisions are appropriate, but also managing the compliance aspect,” Maher says. Although the surge in PPP lending highlighted a need for loans among underserved borrowers, it also has led to some creative solutions.

Lending 150
article thumbnail

The case for end-to-end digital lending

Independent Banker

Offering digital lending isn’t about the bells and whistles. started developing its digital lending platform about three years ago—and the bank is really glad it did. “I’m Community bankers are increasingly recognizing that the future of digital lending is here. Illustration by Out of the box/Stocksy. By Beth Mattson-Teig.

Lending 91
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Big Gorilla

Independent Banker

Far more than any other issue, regulatory compliance is the biggest challenge community bankers experienced in 2015, with 43 percent naming it as such in ICBA’s State of the Community Banking Industry survey. Get compliance involved from the outset of, say, a new product or a new service or a new type of loan,” LaNore says.

article thumbnail

Major Medium of Exchange

Independent Banker

Jim Foster, vice president and compliance officer of Oak Bank, a community bank located in the wealthy Gold Coast neighborhood north of Chicago’s Loop, says many of the bank’s customers request four-figure cash withdrawals before they leave on trips out of the country. Personal cash management. That will change as time goes on.”.

article thumbnail

Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

Fintech Labs Insights

million for its P2P lending platform for small businesses. million for its compliance tools. Alt-lender focused on lending against existing automobile titles. P2P real estate lending marketplace. Peer-to-peer lending marketplace. Tags: Consumers, youth market, lending, loans, credit, underwriting.

Company 12
article thumbnail

Fintech Fundings: 21 Companies Raise $440 Million Week Ending July 23

Fintech Labs Insights

CircleBack Lending. Consumer lending P2P marketplace. Corporate purchasing management. Fortress Risk Management. Enterprise risk management services for financial institutions. Using the blockchain for managing records. Risk & compliance management for financial institutions. million ($2.3

Company 12
article thumbnail

Fintech Fundings: 21 Companies Raise $460 Million Week Ending April 1

Fintech Labs Insights

HQ: Minneapolis, Minnesota. Real estate transaction management technology. Tags: Consumers, SMB, lending, loans, underbanked, unbanked, emerging markets, credit, credit score, underwriting. Here are the fintech deals by size from 26 March to 1 April 2016: Ceridian. Human resources, payroll and health insurance platform.