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Using digital lending helps to reach small businesses

Independent Banker

Digital lending capabilities are quickly becoming table stakes, particularly when it comes to small business lending. However, banks should first consider their customers’ needs and the infrastructure and features needed in a lending platform before adopting a new digital strategy. Benefits of digital lending.

Lending 91
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Figure CEO: Figure Pay, National Bank Charter Will Boost Financial Inclusion

PYMNTS

While many digital-first companies springboard from payments into lending, Figure Technologies , a FinTech focused on home improvement, debt consolidation and retirement products that leverage blockchain protocols, is branching out from lending into payments. Blockchain and a bank charter might do much to boost financial inclusion.

National 215
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Scottsdale Community Bank: Making microloans

Independent Banker

The technology it uses allows it to maximize efficiency while minimizing costs in its operations. Scottsdale Community Bank’s Lemonade Stand Loan Program offers microloans—up to $25,000 each—to small businesses and individuals who own businesses or operate nonprofit organizations. William Atkinson is a writer in Illinois.

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Spilling Business Beans

Independent Banker

Treasury program that’s the well-kept secret in small-business lending. However, an innovative program run by the U.S. In Illinois, a loan participation plan by a community bank “insourced” jobs to the local area from overseas. Customer Speak’s expansion is expected to create 150 jobs over its first two years of operations.

Oregon 70
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Best Community Banks to Work For 2022

Independent Banker

In our annual workplace survey, employees of ICBA’s best community banks to work for told us they benefit from engaging cultures, opportunities for advancement and innovative benefits. Once we’ve been here for 10 years, we are awarded a three-month paid sabbatical,” says Emilie Johnston, chief operations officer. By Roshan McArthur.

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Banking's Total Return Top 5: 2014 Edition

Jeff For Banks

Open Bank (OTCQB: OPBK) Open Bank commenced operations in 2005 as First Standard Bank in the Koreatown section of Los Angeles. and its subsidiary BofI Federal Bank aspire to be the most innovative branchless bank in the United States providing products and services superior to their competitors, branch-based or otherwise. Well done!

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PYMNTS Payday Lending Primer

PYMNTS

Which brings us to payday lending and its proposed regulation – a subject that has turned out to be the Berserk Button for a shocking number of consumer right advocates, congressmen, regulators, Senators, preachers, industry representatives business people and consumers. So why all the fuss? The Typical Payday Lender.

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