PYMNTS

AUGUST 20, 2020

percent of all businesses in the U.S., Seventy percent of SMBs are adding new digital capabilities or enhancing existing ones to continue their operations, but firms often require financing to implement these innovations. SMB Lending Risks. Small- to medium-sized ( SMBs ) are the backbone of the American economy: 30.7

Fintech 177

Fintech Fraud Lending Regulation 177

PYMNTS

APRIL 10, 2019

With more consumers than ever interested in fulfilling all their financial needs on mobile, both legacy banks and FinTech firms are focusing on creating digital-only banking services, designed to catch and keep customers using their smartphones to bank. Around the Digital Banking World.

Mobile 185

Mobile Digital Banking social media Strategy 185

Bobsguide

OCTOBER 7, 2022

Helen joins from Natwest Group, where she was a member of the executive team and held the position of Chief Human Resources Officer. She has an incredible wealth of expertise including extensive global exposure in all aspects of people strategy. the leading open platform for innovation, FusionFabric.cloud, in 2017.

Leadership 122

Leadership Software Resources Lending 122

PYMNTS

SEPTEMBER 8, 2016

Young people’s mastery of Pokémon GO gaming and the Snapchat digital social world is undisputed, but their ability to manage life’s more essential fiscal tasks is not. This could prove dangerous in a world where online P2P lending and alternative financing is all too accessible and convenient.

Resources 100

Resources Examples Tools Mobile 100

Independent Banker

DECEMBER 31, 2022

“What’s interesting to me is the macro environment,” says Marilena Lakoumentas, senior vice president and chief digital officer at $3.3 We’ve got capital market resets that are potentially happening, technology advancements and continued heightened digital expectations. Embrace digital transformation.

Trends 140

Trends Payments Community Bank Texas 140

South State Correspondent

AUGUST 10, 2023

Because all traditional cores are built on a “monolithic architecture,” all functions must be centrally controlled and designed to occur one at a time. Fraud detection, for example, must either be run in a separate application and then brought back into the core, or all core processes must stop to run a fraud sequence.

System 195

System Examples Operations Data 195

Abrigo

SEPTEMBER 5, 2019

Financial institutions aren’t always good at creating and sticking to a business case for their technology investments, noted Martin, a management consultant who specializes in digital transformations with banks. How are we tapping into this great resource that is a vendor?” Community banks are often resource-starved,” he said. “In

Software 150

Software Resources Training Community 150

PYMNTS

JANUARY 22, 2021

While 2021 has kicked off with a bang in the venture capital arena — with several high-value investments on the books — this week's B2B VC roundup is all about the seed rounds. Young B2B FinTechs secured some of their first investments in areas that include small business accounting, alternative lending and financial management.

Security 204

Security Fintech Capital Management 204

Independent Banker

JANUARY 31, 2022

of bankers are either strongly interested in or already working with fintechs in digital account opening. Fintechs help us address shortcomings that we don’t have the resources to address internally,” Gallman says. And I’d argue that the digital branch is your most important branch.”. Digital account opening. Quick Stat.

Community Bank 159

Community Bank Community Fintech Risk Management 159

Gonzobanker

FEBRUARY 26, 2019

Recent fintech deals across digital, lending, payments and infrastructure are telling a big story. Digital: Getting Real, Especially Revenue Gen. That’s three times the change rate of core systems and twice the change rate of transactional digital banking systems. Lending: Mashing Up Analytics & Digital.

Fintech 120

Fintech Analytics Lending Case Study 120

PYMNTS

JANUARY 11, 2018

Talking with Karen Webster shortly before the news was announced, Burnside noted that the two firms stepped into the alt lending arena at about the same time. Lending Hero’s focus: prime customers acquired through physical channels, such as doctor’s offices and dental practices, to name a few. Breaking New Ground. .

Lending 108

Lending Risk Management Management ATM 108

FICO

SEPTEMBER 3, 2020

We have served lenders in all industries, enhancing decisions with flexible strategies and rules, improving analytic sophistication, maximizing profitability, and delivering relevant, engaging customer experiences. In all, 32 vendors offering RLOS solutions were invited to participate in the process.

Analytics 52

Analytics Lending Resources Groups 52

Gonzobanker

AUGUST 24, 2023

Holding these assets can impact profitability because banks can’t lend those funds out or invest them at higher rates. In the first half of 2023, nearly half of the “checking accounts” opened in the United States were opened by digital banks and fintechs. They all enable consumers to make payments. Commercial real estate loans.

Innovation 148

Innovation United States Industry Technology 148

Gonzobanker

MARCH 6, 2018

While this might all seem scary, it means bankers need to look at new ways to adapt and grow as customer expectations evolve with the times. Digital: The New Must-Have. Consider these numbers from PwC’s 2017 Digital Banking Consumer Survey : ? 46% of consumers use ONLY digital channels today. Aligned and Future-Ready.

Strategy 103

Strategy Marketing Mobile Trends 103

Gonzobanker

SEPTEMBER 10, 2019

The digital banking market continues a long burn—this time like the smoke of a Texas summer barbecue. Geneva-based Temenos’ announced the acquisition of Austin, Texas-based digital application provider Kony in a deal totaling $580 million. We all know those six words are a big red warning sign in any merger.

United States 95

United States Texas Austin Kansas City 95

Gonzobanker

JUNE 22, 2017

For all the time banks spend talking about what they can outsource, how often do they talk about what they can’t because the knowledge trade-off is unacceptable? “I’ve But, we all know that every time we outsource a function, we outsource the knowledge and skills that are required for it. Tom Robbins. Like, never OK?

Training 95

Training Lending Customer Experience Tools 95

FICO

JANUARY 8, 2021

For FICO, customer development means working with customers through all the stages of the lifecycle – from marketing to originations to customer management. FICO’s suite of interconnected Acquisition, Origination, and Growth capabilities for Telecommunications helps organizations do exactly that. Here are our top 5 posts from 2020.

Analytics 52

Analytics Analysis Lending Management 52

PYMNTS

FEBRUARY 19, 2019

The Index Score across all of the banks in the study — nearly 300 of them — declined by 7 percent; that of the Top Performers dropped by 16 percent. The struggle is about execution — have the FIs clearly identified the problem they are trying to solve and if so, how capable are they to deliver that solution? The FinTech on the Corner

Innovation 160

Innovation Fintech Marketing Study 160

FICO

JANUARY 6, 2022

As credit issuance, account management and collections enter the digital age, the opportunity for innovative experimentation is accelerated and made more complex by the wide range of data and decision points a digital platform enables. Learning early in the experiment saves financial resources and time. Learn and Adapt.

Management 52

Management social media Customer Experience Strategy 52

FICO

NOVEMBER 30, 2022

By combining human expertise, machine learning techniques, traditional analytics, and other digital-native capabilities, applied intelligence can: Power rich, contextualized customer views by converting the right data into meaningful information; Apply the latest ML techniques and advanced analytics to derive competitive insights; and.

Retail 52

Retail Data Analytics Fraud 52

Gonzobanker

OCTOBER 26, 2021

However, pull out a Kleenex because one must admit that bankers are surrounded on all fronts right now from a strategic standpoint. On another front, you have digital disruption and fintech innovation, forcing bankers to step up their investments in transformation and more aggressively attack their existing business models.

Leadership 97

Leadership Compliance Strategy Branding 97

PYMNTS

SEPTEMBER 26, 2016

Using FIS-run PayNetExchange to process ACH, checks and virtual cards and using Comdata to issue Mastercard commercial cards, Corcentric pulls in payment capabilities across a range of rails to support the last mile of the B2B transaction. But it turns out only 15 percent of their total spend could be on the card.”

Payments 100

Payments Cards Resources Survey 100

NCR

JANUARY 16, 2017

All of this means that firms in the retail banking sector will have to radically rethink their business model in order to meet these demands and provide the level of service their customers expect. A more digital business. Optimizing the distribution channel. This will have to change. ” Greater personalization.

Trends 40

Trends Retail Customer Experience Resources 40

PYMNTS

SEPTEMBER 20, 2017

It all starts with listening. Among the companies approached is Even, a supply-side marketplace lending company. An official partnership has not yet been established, but BECU turned to the company to explore innovations for the credit union’s own lending habits and to help members “smooth their cash flow.”.

Fintech 123

Fintech Innovation US Mobile 123

PYMNTS

MAY 27, 2016

Whether it’s a corporate carpooling service that offers a cheaper alternative to Uber or using Big Data to heighten the ROI on hiring efforts, the B2B startups that earned VC this week all impact their corporate customers’ bottom lines in one way or another. SME Lending. Konfio is one of them. Enterprise Security.

Capital 100

Capital Management Taxes Security 100

Independent Banker

OCTOBER 29, 2014

Community banks will continue to have representation in the mobile payments field through the Visa and MasterCard networks, and ICBA Bancard, ICBA’s electronic payments services program for community banks, is working closely with the card networks on the launch of Apply Pay as well as on other digital developments. Fees follow.

Mobile 105

Mobile Community Bank Community Technology 105

FICO

NOVEMBER 12, 2019

An executive who owns P&L for a consumer lending product line at a large bank was asked about first-party fraud and he compared the problem to a black hole. So the good news in all of this, is we’re finally seeing recognition of the issue, and financial services firms investing time and resources in addressing it.

Fraud 40

Fraud Resources Industry Groups 40

South State Correspondent

OCTOBER 28, 2022

It was a sobering thought to realize that we are all really building most of this technology for our kids. Many of these problems are so complicated that if you are over 40, you will likely never see the full implementation of items like a central digital currency, the metaverse, a portable identity token, and seamless wearables payments.

Conference 195

Conference Technology Las Vegas Trends 195

Gonzobanker

OCTOBER 30, 2014

The search capabilities on even the free version are good, and on the paid version they are very sophisticated. Job interviews and testing via digital channels is becoming commonplace. Human Resource Information System (HRIS) systems go to the cloud! Boy, does this all sound like our core systems environment or what?

Resources 96

Resources Training Tools Analytics 96

CB Insights

FEBRUARY 13, 2020

To help enable online commerce, Stripe is building a suite of APIs that allow developers to implement its payment capabilities. In an interview at CB Insights’ 2019 Future of Fintech conference, CFO and CPO William Gaybrick indicated that businesses are more constrained by developer resources than by capital. Fraud prevention tools.

Online 98

Online Company Retail Payments 98

Abrigo

MARCH 24, 2021

Nevertheless, many financial institution executives have taken – and are taking – steps that will help address their top concerns related to lending and profitability. Technology sets up future lending success. Pandemic-Induced Transformations. A similar percentage reported having increased their technology budgets. Learn more. .

Lending 221

Lending Technology Survey Examples 221

Gonzobanker

OCTOBER 12, 2018

Digital account opening — and more broadly Digital Sales – is HOT. The vendor market for digital account opening has seen a number of new providers enter the market to challenge the legacy account opening solutions, both core provided and independent third-party providers. Finastra has uOpen.

Technology 158

Technology Mobile Marketing Community Bank 158

South State Correspondent

JULY 11, 2022

Despite all the statistics and data, anyone that has ever done this knows that if you use the formula below to order, you will likely be off on about 15% of your order. All the above holds for email marketing. All the above holds for email marketing. That is the average margin of error when it comes to ordering t-shirts.

Marketing 195

Marketing Data social media Groups 195

FICO

MARCH 24, 2021

In my previous blog post, I talked about how open banking can be leveraged to build a financial ecosystem and what capabilities are required to get the maximum value from it. In order to achieve this, at the time of application, all types of data will need to be accessible in real time.

Data 59

Data social media Resources Examples 59

PYMNTS

SEPTEMBER 25, 2017

It’s true that FinTech innovators and alternative lending companies have targeted trade finance to improve access to financing, especially for smaller companies. “Depending on who banks are, they have different levels of resources to devote to their technology,” Katsman told PYMNTS in a recent interview.

blockchain 145

blockchain Management Innovation System 145

Gonzobanker

DECEMBER 5, 2018

Digital sales is where the puck has gone, if you look at Q2’s announced acquisition of Gro Solutions and a string of other recent deals. The Gro addition would round out Q2’s origination capabilities following the acquisition of Cloud Lending Solutions a mere six weeks prior. New money.” So How Does Gro Fit In? .

Fraud 130

Fraud Austin Fintech Lending 130

Abrigo

AUGUST 10, 2020

Pictures in identity documentation are fuzzy or blurry. Images of identity documentation have visual irregularities that suggest digital ma nipulation, particularly in the name, address, and other identifier fields. Lending & Credit Risk. Member Business Lending. SBA Lending. org”, or “.us.” Asset/Liability.

Fraud 195

Fraud Regulation Lending Resources 195