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10 Lessons From The Small Business Banking Conference

South State Correspondent

Recently, the American Banker hosted their annual Small Business Banking Conference in Nashville, and as always, it was one of the better banking conferences of the year. Strike early and often to keep the customer building their relationship with your bank. However, this was the most common structure.

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Small business card debt has risen: Bank of America

Payments Dive

Credit card spending for small businesses has largely been flat relative to last year, but balances have risen, the Bank of America report said.

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How can banks support small business recovery??

Accenture

The small-and medium-sized enterprises (SMEs) landscape has been significantly altered over the last two years. Many businesses struggled, others adapted and innovated, and many new SMEs were born during the pandemic. The post How can banks support small business recovery??

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Fifth Third Bank taps Fundation to underwrite small businesses

Bank Innovation

Amidst the rise of nonbank lenders such as Kabbage, OnDeck, BlueVine and others, Fifth Third Bank is partnering with digital lender Fundation to speed up loan-approval processes for small businesses. With Fundation’s platform, the bank can underwrite businesses it […].

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5 Reasons Banks Need a Digital SBA Lending Program Now

Small Business Administration (SBA) loans are more important than ever for banks in the wake of the COVID-19 pandemic and the Paycheck Protection Program (PPP). A digital-first strategy for SBA loans is required to capitalize on the permanent impact to business banking.

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Small business mobile banking adoption higher than retail

Bank Innovation

consumers may be hesitant to adopt mobile payments, small businesses are more open to it. Power study reports that mobile banking adoption for small business owners has surpassed adoption for retail banking customers. Small Business Banking Satisfaction Study indicate that mobile banking […].

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Cultivating small business: Banks focus on relationships and solutions

ABA Community Banking

Many fintech firms’ offerings are narrow, leaving them unable to meet growing businesses’ capital needs. In contrast, most banks can work with businesses as they grow. The post Cultivating small business: Banks focus on relationships and solutions appeared first on ABA Banking Journal.

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How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics.

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The Threat That Could End Community Banking & What To Do About It

Small and midsized banks are at tremendous risk. Community banks are at risk of losing their core business to the companies innovating in the paytech and lendtech spaces. Small business lending is ground zero for this imminent disaster.

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How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics.