PYMNTS

DECEMBER 11, 2020

According to Kris Puskar , senior vice president and business banking sales and innovation director at Eastern Bank , the current climate has forced both small businesses and their banks to shift their mindsets away from historical data and take a closer look at what's happening today in order to best prepare for tomorrow.

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Abrigo

JULY 20, 2021

From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Takeaway 1 SBA lending can expand your product offerings to help win deals with prospects and existing business customers or members. Why SBA Lending? Would you like others articles like this in your inbox?

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PYMNTS

OCTOBER 9, 2020

The pandemic has cast a chill across the loan process, but Matt Harris , co-founder and CEO of Bloom Credit , told PYMNTS that a lack of credit data and creative alternative solutions might be causing even more lending problems. We've actually done a lot of the work in terms of getting all of the compliance legwork in place,” Harris said.

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PYMNTS

MAY 29, 2019

So, it’s within that context that PayPal announced new numbers today (May 29) on the impact of its lending business on the small business sector. In a new PYMNTS interview, Karen Webster spoke with PayPal’s VP and General Manager of SMB Lending Darrell Esch about the story behind that $10 billion mark, and what’s coming next.

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Abrigo

DECEMBER 14, 2023

keep me informed Learn more about Abrigo Connect What is your destination? What is your destination? Identify your questions about the institution and what data and dashboards you need to answer them. Define actionable plans, such as what additional staff or technology you need to accomplish your goals. Where are you?

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Independent Banker

OCTOBER 31, 2022

We spoke with industry specialists about the priorities for community banks as they build a digital loan process for small businesses. Digital lending capabilities are quickly becoming table stakes, particularly when it comes to small business lending. Benefits of digital lending. Ensure a more consistent lending process.

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Abrigo

DECEMBER 31, 2019

The top lending and credit blog posts focused on improving loan pricing, creating a better experience for borrowers, and developing risk ratings. Those priorities are apparent in the most popular Abrigo lending and credit blog posts for the year. Popular articles about credit, lending. Top blog posts reflect bank, CU priorities.

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PYMNTS

JUNE 2, 2020

The news comes as Nike patented what are known as “CryptoKicks” footwear, which is tokenized on the Ethereum blockchain as a non-fungible coin. In other news, Poolin, a bitcoin mining pool, is growing its financial services and digital currency lending verticals, CoinDesk reported. Miners that link up with the pool have roughly 18.3

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PYMNTS

AUGUST 7, 2020

Everyone knows the old joke about how easy getting into the lending business is: “Lending money out is very simple — pretty much anyone can do it. However, we see a lot of other [applicants] as well. … It’s getting people to pay the money back that’s the hard part.”. Emerging Opportunities.

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Gonzobanker

AUGUST 11, 2020

It was into this world that the much celebrated digital lending fintech OnDeck recently sold to Enova for $90 million, a virtual fire sale at way under 1X OnDeck’s revenue. And congrats to Jonathan Corr and the team at Ellie Mae for what appears to be a doubling of revenue for a mature company in that same period. It’s one big sandbox.

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Independent Banker

OCTOBER 31, 2021

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. started developing its digital lending platform about three years ago—and the bank is really glad it did. Illustration by Out of the box/Stocksy.

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Abrigo

MAY 19, 2023

Loan reviewer training and development What might a loan review curriculum look like and how can your financial institution develop good loan reviewers? Takeaway 3 Consider what your financial institution can do to give junior loan reviewers experience in various aspects of banking to relieve senior staff.

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Perficient

JANUARY 16, 2023

For both the questioners and those afraid to question, we at Perficient thought we would provide some background on embedded finance. . What is Embedded Finance? . Before we get into some of the more obscure and complex examples, let’s make sure we all agree on what the term embedded finance means.

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Independent Banker

JUNE 30, 2022

Here, we offer some factors to consider when assessing a community bank’s current and future loan strategy. For commercial loans, David suggests offering one-year adjustable loans tied to a specific index instead of leading with a fixed-rate loan for five years. Learning about lending. By Cheryl Winokur Munk.

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Abrigo

OCTOBER 10, 2023

Takeaway 3 Industry analysis can strengthen your bank or credit union's credit risk rating system and help you offer products to meet customers' needs. Whether we’re using it to gauge the competition or track our own progress, we regularly monitor our own performance. Power of buyers: What power do the customer’s buyers hold?

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Abrigo

JUNE 3, 2019

SBA Lending Can Be a Hidden Gem for Some Institutions. With proper planning and the utilization of technology, SBA lending can boost customer acquisitions and deposits. How can we get more participation from banks and credit unions across the country? While participation in SBA lending dwindles, SBA loans are thriving.

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PYMNTS

NOVEMBER 3, 2020

3), stock exchanges in Shanghai and Hong Kong have suspended the looming IPO (initial public offering) in Ant Group, citing regulatory changes in the financial services landscape — and summoning executives including controller Jack Ma to meet with Chinese regulators at the China Securities Regulatory Commission.

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PYMNTS

DECEMBER 10, 2018

B2B payments startup Razorpay announced the launch of Razorpay Capital, a lending marketplace offering both short-term working capital loans and long-term business loans. We always thought we can make lending a lot easier than what it is today.

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PYMNTS

JANUARY 5, 2021

By working together, we can build a more inclusive financial landscape, especially for women, immigrants and entrepreneurs of color.". Creating and protecting ownership and economic opportunity for all is at the heart of what we do at Self-Help FCU,” said Sarah Brennan, SVP of Southern California for Self-Help Federal Credit Union. “By

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PYMNTS

DECEMBER 28, 2020

We have seen a huge shift in the penetration of eCommerce. We saw market research a couple of weeks ago that indicates the market evolved about 10 years in eight weeks in terms of increase in penetration. These behaviors are simply never going to go quite back to what they were pre-pandemic. What Comes Next .

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Gonzobanker

DECEMBER 4, 2019

Q2’s acquisition follows many years of paced, organic growth in consumer and business digital banking and a string of acquisitions including digital deposit origination specialist Gro Solutions and loan/lease origination system provider Cloud Lending. Lending is a great area of a bank for analytics to grow from naturally. Meridianlink.

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PYMNTS

OCTOBER 2, 2018

Potential borrowers apply online or via mobile, can be approved and offered a rate within 15 minutes, and can have their loans funded within 24 hours. That isn’t a small amount to pay for an installment loan, but it is far less than the triple-digit APRs that the short-term lenders and pawn shops are famous for offering.

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South State Correspondent

JANUARY 2, 2024

How should lenders discuss interest rates in 2024, and what advice should relationship managers provide their clients about banking products? First, we believe the market to be a poor predictor of future economic states. We often hear from talking heads that 2024 will shed more clarity on the economy, but this is not true.

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PYMNTS

NOVEMBER 27, 2018

Yet, the small business lending gap remains. In a new report, PayNet and financial research firm Raddon examined the state of small business lending in the U.S. “We all know banks are a key source of capital for small and medium businesses,” Phelan told PYMNTS in a recent interview.

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PYMNTS

MARCH 12, 2019

Nature abhors a vacuum, as the saying goes, and we might say the same for corporate lending. where smaller firms seem stuck in a limbo of fragmented lending solutions, and where loans are pricier than might be seen elsewhere. Data helps lenders make the best risk-adjusted lending decisions. million workers.

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PYMNTS

MAY 31, 2019

The 2008 financial crisis gave rise to the alternative lending market as a result of a massive gap in available capital, especially for small businesses and startups. It encouraged banks to develop their own digital lending solutions and collaborate with their one-time rivals to step up the borrowing experience for SMBs.

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PYMNTS

AUGUST 2, 2018

This technology is also changing how consumers lend and borrow money, according to Travis Holoway, founder of short-term lending exchange platform SoLo Funds , particularly when it comes to low-dollar or short-term loans. What we’re trying to do is bring that technology to lending.”. P2P Payments To Power Loans.

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Perficient

FEBRUARY 17, 2023

In the first two blogs in this series, Getting Started On Embedded Finance and Embedded Finance: Bolstering Brand Experiences, we defined embedded finance and looked at the goals and strategies that firms should take at the outset of their modern embedded finance journey, as well as how and why firms should consider getting embedded banking.

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PYMNTS

APRIL 20, 2017

Wealthfront, an automated online financial adviser, or “robo-adviser,” is reportedly breaking into the lending space. We live in a world of ‘instant delivery,’ from taxis to groceries to handymen. “We We live in a world of ‘instant delivery,’ from taxis to groceries to handymen. So why not add lines of credit to the mix?”

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PYMNTS

SEPTEMBER 18, 2018

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. Any number of musings have graced any number of websites these past few days about what it all meant and means. Necessity is the mother of invention. Mortgages ?

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Abrigo

AUGUST 6, 2021

Do we need community banks? Do we need community banks? Many would argue that we do. Community banks are critical to ag lending and small business lending. Technology can help streamline and automate many manual lending processes, reduce compliance costs, and enhance risk management. Digitalization.

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Gonzobanker

AUGUST 13, 2018

The mashup of transactional digital banking and digital sales is well under way in the market, as is evidenced by Friday’s announcement by Q2 of its intent to acquire Cloud Lending Solutions. What’s a little more interesting here is Cloud Lending’s offerings address commercial as well as consumer.

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PYMNTS

OCTOBER 26, 2017

It was the (initially) small FinTech startups that delivered a collective shakeup to the small business (SMB) lending industry. Their next target could be small business lending, and according to some experts, it’s fast approaching the market. We thought that FinTechs would provide the chief digital threat,” McKinsey’s report stated.

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PYMNTS

AUGUST 14, 2018

Wells Fargo might give its shrinking student lending business a boost by focusing on borrowers with U.S. The lender would offer loans to allow customers to retire their government-backed student debt, said Well Fargo’s Head of Personal Lending John Rasmussen, according to Bloomberg. government loans. billion a year earlier.

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South State Correspondent

DECEMBER 11, 2022

We see many community bank borrowers desperately seeking a trusted advisor to help guide them through this volatile cycle. The graph below shows the lending curve from three months to 20 years and demonstrates the average commercial loan rates for different repricing terms. The Shape of the Yield Curve.

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South State Correspondent

APRIL 3, 2023

In recent articles ( here and here ), we discussed why banks that take the interest rate movement risk demonstrate lower performance as measured by return on assets (ROA). We made the case that, over time, the market does not adequately compensate banks for credit and interest rate risks.

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PYMNTS

NOVEMBER 3, 2017

Citizens Bank is enhancing its small and medium-sized business (SMB) lending offering by digitizing the loan application process, according to a press release published by the financial institution (FI) on Thursday (Nov. In another statement issued Thursday, Graziano again emphasized the effectiveness of bank-FinTech collaborations.

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