Tue.Jul 20, 2021

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5 Reasons to Increase SBA Loan Origination at Your Bank or Credit Union

Abrigo

Looking to Increase SBA Loan Origination? From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Want other articles like this on SBA loan origination in your inbox? Takeaway 1 Offering SBA loan origination can expand your product offerings to win deals with prospects and existing customers or members.

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ITMs move beyond video to self-service

ATM Marketplace

Interactive teller machines in the past were typically just ATMs with video capabilities, allowing customers to speak to a teller on the screen. Now, ITMs are moving beyond video to offer full self-service banking.

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5 Reasons to Increase SBA Lending at Your Bank or Credit Union

Abrigo

Looking to Increase Loans through the SBA? From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Would you like others articles like this in your inbox? Takeaway 1 SBA lending can expand your product offerings to help win deals with prospects and existing business customers or members. Takeaway 2 Far fewer financial institutions regularly participate in SBA (7a) lending than the more than 5,000 that joined the PPP. .

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Four Ways Banks Can Help Main Street USA Thrive Again

ABA Community Banking

With the right blend of people, empowerment, customized solutions and technology, banks are well-positioned to be heroes by growing with small businesses and supporting their efforts. The post Four Ways Banks Can Help Main Street USA Thrive Again appeared first on ABA Banking Journal.

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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Does corporate leverage amplify economic downturns? A dive into the literature

BankUnderground

Sudipto Karmakar, Alexandra Varadi and Sarah Venables. This post reviews the literature on the consequences of debt for corporate and macroeconomic outcomes, drawing both on the pandemic period and on previous financial crises. Lessons from previous crises show that high leverage can amplify corporate risks and economic downturns by: increasing reliance on external financing that may dry up in stress; through debt overhang problems; or by increasing linkages between corporates and other sectors

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More Trending

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Square launches Square Banking for small businesses

The Paypers

Square has launched Square Banking, a suite of financial products purpose-built to help small business owners manage their cash flow and get more out of their money.

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Square launches checking and savings products for small businesses

BankInovation

Digital payments company Square unveiled on Tuesday a new suite of financial products for small businesses. The rollout of Square Banking includes new savings and checking products, with the savings accounts issued through Square Financial Services, the company’s industrial bank, a wholly-owned subsidiary of Square that began operations?in March. Square Checking is offered in partnership […].

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What Can a Cash Recycler Do For Your Organization

ATM Marketplace

Cash recyclers are able to accept, dispense, and secure cash that comes in and out of your business via daily transactions, there’s much more to them than that.

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Four most common API attack vulnerabilities

BankInovation

What makes application programmable interfaces (APIs) vulnerable to attacks? IT research firm Gartner explained how APIs can be exploited during a recent webinar on API security. Analysts Mark O’Neill and Dionisio Zumerle drilled down on what leads to API vulnerabilities and how developers can combat these issues, during the hourlong webcast. APIs are an automated […].

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The State of Automation in Financial Services 2024 Report

In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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Why the Bank of England has it head in the cloud over data security

TheGuardian

Rapid digitalisation of banking services and increasing reliance on just three tech giants has made the Bank uneasy The Bank of England is at risk of moving too slow, according to experts, who say it needs to get a grip on the financial sector’s plans to outsource customer data storage to a handful of unregulated US tech giants. Last week, the central bank raised fresh concerns about the use of cloud services, where data is held on remote servers run by another company.

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How cloud-based technology can support M&A activity

BankInovation

As financial institutions look to expand in the competitive and complex financial environment, we are seeing a surge in mergers and acquisitions. According to a recent S&P Global Report, so far this year, 94 deals have been announced, compared to 50 over the same period in 2020. Total deal value has also soared year-to-date to […].

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ServiceMax Acquired This Operation Management Company To Expand Its Field Service Management Portfolio

CB Insights

ServiceMax , an asset-focused field service management software, has acquired LiquidFrameworks , an operation management solution, at a valuation of $145M. WHO ARE THE PARTIES TO THE DEAL? LiquidFrameworks: Texas-based LiquidFrameworks is a mobile field operations management solutions provider for the energy, industrial, and environmental services industries.

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Who Defaults when Bankcard Accommodations End? Resilience Matters

FICO

With non-mortgage write-off rates at the lowest YTD level seen since 2012 [1] , it’s easy to forget that the pandemic has, in fact, stressed many borrowers. In contrast to mortgage forbearances of six to 12 months, bankcard payment accommodations are typically just one to two months, with card lenders less likely to readily grant repeated accommodations.

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.

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mParticle, Shopify partner to deliver an enhanced customer experience

The Paypers

mParticle has announced an integration with Shopify that further enables mParticle and Shopify customers alike to deliver enhanced end-to-end customer experiences.

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Square bundles consumer, business banking for entrepreneurs

American Banker

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Germany's Wellet partners phos for contactless mobile payments

The Paypers

Germany-based fintech Wellet has partnered phos , creators of Point of Sale (SoftPos), to enable merchants to accept contactless payments using their smartphone.

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Regulators hit reset on CRA reform, commit to joint rulemaking

American Banker

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Nethone raises USD 6.7 mln in Series A round

The Paypers

Nethone , a Poland-based startup that provides fraud protection technology for travel suppliers, online retailers, and financial service companies, has raised USD 6.7 million in Series A funding.

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Synovus is latest bank to wean itself off overdraft fees

American Banker

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OCBC Banks rolls out its eBiz Account

The Paypers

OCBC Bank has announced its OCBC eBiz Account, a business account that SMEs can apply for remotely, expects to see at least 6,000 new business accounts by the end of 2021.

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Reinvent and Reimagine: Traditional Banking Providers Have Work To Do

The Financial Brand

Digital giants like Google and Apple are more than a match for financial institutions in some areas, but incumbents can still prevail. The post Reinvent and Reimagine: Traditional Banking Providers Have Work To Do appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

Get ready for the wave of $1.2 trillion in commercial debt maturing in the next 24 months with GoDocs' ModDocs® platform. Traditional loan modifications are slow, expensive, and prone to errors, which put lenders at risk. But with ModDocs®, you can enjoy an innovative solution that eliminates attorney fees, allows on-the-fly loan modifications, and ensures compliance.

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Thunes acquires Limonetik

The Paypers

Singapore-based cross-border payments provider Thunes has announced the acquisition of Limonetik , a European payment methods platform.

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Ally leads pack of banks benefiting from hot auto market

American Banker

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Fime, certified by Sahamati to support India's Open Banking ecosystem

The Paypers

Fime has been empaneled as an official certifier by India’s DigiSahamati Foundation (Sahamati) to support the growth of the country’s Open Banking account aggregator ecosystem.

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KeyCorp forecasts commercial lending rebound after 2Q hit

American Banker

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.