Independent Banker

OCTOBER 31, 2022

Improving the small business loan experience is a great way to build new relationships and deepen existing ones. We spoke with industry specialists about the priorities for community banks as they build a digital loan process for small businesses. Benefits of digital lending. Ensure a more consistent lending process.

Lending 91

Lending Community Bank Community Illinois 91

South State Correspondent

NOVEMBER 7, 2023

We review hundreds of term sheets and proposals for commercial borrowers each month. One successful loan proposal tactic for community banks to improve their acceptance rate is to embrace the old marketing rule of the “power of three.” Borrowers may know their needs but may not know all possible solutions to those needs.

Community 195

Community Comparison Tools Marketing 195

Independent Banker

OCTOBER 31, 2021

Offering digital lending isn’t about the bells and whistles. It provides a real ROI, including increased efficiencies, more loan originations and a way to attract and retain customers. started developing its digital lending platform about three years ago—and the bank is really glad it did. Community bankers tell us why.

Lending 91

Lending Community Bank Community North Dakota 91

Independent Banker

JUNE 30, 2022

A new approach to loan protocols is just one way for community banks to grow in new and different directions. Assessing best practices, rates, marketing efforts and more can position loan producers for future success in unpredictable market conditions. Consider risk-based pricing for all loans. Photo by Fizkes/iStock.

Lending 103

Lending Strategy Community Bank Community 103

Abrigo

SEPTEMBER 2, 2020

The PPP might have been the first time many community financial institutions saw such clear returns on digitization investments, but the same automation and efficiency gains can be found in other end-to-end lending solutions. Balancing digitization and personal service. A relationship-based, community focus in a digital world.

Lending 259

Lending Community San Antonio Survey 259

Abrigo

JUNE 3, 2019

SBA Lending Can Be a Hidden Gem for Some Institutions. Loans guaranteed by the U.S. With proper planning and the utilization of technology, SBA lending can boost customer acquisitions and deposits. It can also drive other areas of business banking while providing meaningful solutions to customers. Sounds great, right?

Lending 150

Lending Resources Capital Technology 150

South State Correspondent

FEBRUARY 20, 2022

Community banks refine their products and services to compete for better borrowing relationships – the better borrowing relationships are associated with better credit quality, meaningful cross-sell opportunities, acceptable margins and fee income, and higher return on equity (ROE). How The Interest Rate Environment Impacts Loan Maturity.

Community Bank 195

Community Bank Community Marketing Regional 195

South State Correspondent

AUGUST 21, 2022

Last week we wrote about loan-level vs. balance sheet hedging for community banks and provided our loan proposal generator ( HERE ). We compared and contrasted the two strategies and sized the market for community banks. We also shared a table that summarized the two strategies.

How To 195

How To Community Bank Community FDIC 195

PYMNTS

OCTOBER 2, 2018

Avant is best known among its financial services peers as a FinTech firm, founded to throw automation and an artificial intelligence (AI)-enhanced underwriting process at the problem of creating accessible, affordable personal loans for consumers.

Lending 134

Lending Alabama Online System 134

Abrigo

SEPTEMBER 2, 2020

The PPP might have been the first time many community financial institutions saw such clear returns on digitization investments, but the same automation and efficiency gains can be found in other end-to-end lending solutions. Balancing digitization and personal service. A relationship-based, community focus in a digital world.

Lending 195

Lending Community San Antonio Survey 195

Gonzobanker

NOVEMBER 30, 2023

To maintain funding to grow loans, banks and credit unions have turned to the “ol’ reliable” funding strategy of opening up the certificate of deposit faucet to fund growth. As an industry overall, only 43% of banks and 48% of credit unions have an automated DAO solution in place.

Strategy 158

Strategy Industry Lending Marketing 158

PYMNTS

AUGUST 2, 2018

As Americans increasingly turn to their mobile devices to instantly pay through peer-to-peer (P2P) services like Venmo and Zelle, the act of writing a check or heading to the ATM for quick cash is becoming a thing of the past. What we’re trying to do is bring that technology to lending.”. P2P Payments To Power Loans.

Lending 138

Lending Tools Technology Millennials 138

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.

Lending 100

Lending Online Meeting Fintech 100

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. The market’s creation was a spark that ignited a slew of disruptive changes for the small business financial services space.

Lending 130

Lending Regulation Capital Industry 130

Independent Banker

DECEMBER 31, 2022

We simply need to remember what makes us special as community bankers, and with that as our foundation, we can embrace this season of change in four primary ways: 1. They want to come into the bank and say, “We need your support to figure things out.” Innovation: Implement new digital solutions.

Community Bank 218

Community Bank Community Hawaii Washington 218

Independent Banker

MAY 31, 2022

Josh Prejean (right) of Bank of Zachary, here with mortgage client David Rozas, says community banks must compete through customer service. Nonbank institutions continue to be serious contenders in the home lending space. A lot of those nonbanks are competing strictly on price, and as a small community bank, we can’t do that.

Community Bank 185

Community Bank Community Lending Marketing 185

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.

Lending 100

Lending Marketing Capital Data 100

Abrigo

JANUARY 30, 2024

Speakers at Abrigo’s ThinkBIG conference will: Spotlight current challenges facing banking professionals Provide industry best practices to drive growth and manage risk Offer advice on regulatory compliance. It's also a great chance to speak with members of the product team directly and learn about what's on the Abrigo horizon.”

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Conference Arizona Phoenix Fraud 195

Gonzobanker

DECEMBER 4, 2019

Fintech deals continue to dominate the financial service headlines, and a growing number of these transactions are in analytics. nCino’s acquisition follows several years of rapid Salesforce -influenced organic growth, at first in loan origination and expanding to deposit origination and treasury. nCino recently announced.

Analytics 100

Analytics Lending Fintech Leadership 100

PYMNTS

JULY 14, 2020

That alternative method of paying for purchases “on credit” got a boost with news this week that Visa Installments , a new point-of-sale (POS) credit solution, is being rolled out in pilot markets across the U.S. In mid-July the company made news again, announcing it will offer its BNPL services at U.S. The account comes with 1.30

Lending 130

Lending FDIC Minneapolis Utah 130

PYMNTS

DECEMBER 11, 2020

By bringing modern digital technology and payments expertise to existing businesses, the startup has been able to double its offerings – and then double them again – at a time when the world was contending with the coronavirus. So we launched an entertainment platform,” he said. Basically, we did like 150 live music sessions.

Industry 270

Industry Capital America Operations 270

FICO

MARCH 22, 2022

The pandemic impacted the financial situation of SME’s in various ways, including the need to suddenly adopt digital banking channels, arrange repayment deferrals and of course an increased need for lending; a need which is increasingly being targeted by new lenders offering a simplified digital lending process.

Lending 52

Lending System Regional Survey 52

Abrigo

APRIL 15, 2020

Key Takeaways Lenders participating in the Paycheck Protection Program (PPP) have obligations after issuing the loan to a small business. Lenders have had concerns about closing PPP loans, an action that triggers required funding and the forgiveness timeframe for borrowers. Obstacles to issuing and funding the PPP loans.

Lending 221

Lending Philadelphia Payments Community 221

Abrigo

SEPTEMBER 11, 2023

Strategies for adopting AI at your financial institution Abrigo CTO Ravi Nemalikanti offers insights on how banks and credit unions can begin to utilize generative AI. You might also like this webinar, "Banking as a service: Objectives, opportunities, and obstacles." So, what is generative AI?

Risk Management 195

Risk Management Data Technology Fintech 195

PYMNTS

APRIL 16, 2019

While most CEO stories are about having founded a firm to solve a problem, Upstart CEO Dave Girouard and his team of former Google staffers actually started with a solution. What industry a person works in, how long they’ve been continuously employed, their salary growth patterns and how much education they have are all valuable data points.

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Kansas City Lending Omaha Kansas 223

PYMNTS

MARCH 6, 2019

Small business financial services platform Company.com is integrating a solution into its offering through which small firms can access external financing. The firm also noted that it can connect its experts with small business owners who need guidance choosing the right financing solution.

FDIC 116

FDIC Lending Capital Analysis 116

Abrigo

JULY 3, 2019

The lending landscape is growing increasingly competitive, and the loan process can be frustrating and time-consuming. A loan origination system (LOS) can provide clarity to the intertwined data web that the loan lifecycle weaves , but not every LOS is built the same. What code is the software written in?

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System Lending Software Data 150

PYMNTS

JANUARY 14, 2021

There is no shortage of digital-only banks offering a smoother onboarding process, a slick mobile interface and fee waivers in an effort to tempt consumers to leave their traditional bank. It also comes on the heels of what Laplanche described as a great year for the firm. Which, in a sense, makes Upgrade ’s announcement today (Jan.

Mobile 178

Mobile Cards Security Lending 178

Independent Banker

JUNE 30, 2022

Academy Bank COO Tom Kientz notes that the community bank was eager to expand its deposit and loan services. One of the very quick things we turned to were HOAs,” he says. is a full-service commercial bank with 80 branch locations in Arizona, Colorado, Kansas and Missouri. We will do that if we are invited,” says Kientz.

Kansas City 91

Kansas City Kansas FDIC Community Bank 91

PYMNTS

JULY 22, 2016

It feels like 2014 again with the ongoing popularity of alternative lending startups. Earlier this week, reports emerged that some alternative lending and industry professionals are beginning to heighten their anxieties about incoming regulation, particularly as some ponder whether the U.S. Alternative Lending. MarketInvoice.

Lending 100

Lending Regulation Big Data Risk Management 100

Independent Banker

JUNE 30, 2022

Effects of the pandemic and other factors creating unpredictability have changed how community banks approach their credit and lending operations. These experts share nine tips and credit risk best practices to offer stability in an ever-changing market. Stress test your loan portfolio. Illustration by erhui1979/iStock.

Management 103

Management Community Bank Community Regulation 103

PYMNTS

AUGUST 8, 2017

As the financial crisis unfolded in 2008, they met to discuss what they saw as the rise of FinTech and the increasing availability of financial software and data. such as Zopa and Lending Club, they saw an opportunity in emerging markets that had been ignored by the big banks, such as Russia, Georgia and Kazakhstan.

Lending 105

Lending Capital Fintech Marketing 105

PYMNTS

MAY 21, 2020

The company said in an announcement that business lending end users are able to have an enhanced customer experience throughout the entire time of securing as well as drawing down on a loan. At the time, Ripple said it would offer quicker, more affordable and more reliable payments.

Customer Experience 130

Customer Experience Lending User Experience Innovation 130

PYMNTS

AUGUST 19, 2019

Barclays is now offering £100,000 unsecured lending for SMEs on its app and online banking platform. A recent survey by Barclays found that 44 percent of SMEs said they would have more confidence in applying for a loan if they could see a pre-assessed limit. billion of loans provided to small businesses.

Lending 109

Lending Survey Online Fintech 109

Independent Banker

DECEMBER 31, 2021

What changes will 2022 bring? Like most other community bankers, you spent many long nights processing Paycheck Protection Program (PPP) loans, planning how to do business in a pandemic and much more throughout 2020 and 2021. So, what’s at the top of community bank leaders’ to-do lists? By Katie Kuehner-Hebert.

Community Bank 144

Community Bank Community Lending Louisiana 144

BankBazaar

JUNE 3, 2020

The way we bank will change by leaps and bounds in the post-COVID scenario. As we go digital for almost our needs, neo banks are well-poised to take the centre stage. This change will extend to how we bank too. With the economy slowly opening up, contactless products and services will take centre stage.

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Regulation Cards Millennials Maine 127

PYMNTS

AUGUST 12, 2020

Small businesses have landed at the center of B2B FinTechs’ and financial service providers’ latest collaborative efforts. Agora Services To White-Label Technology. small business lending platform Funding Circle is reportedly considering whether to wield open banking to enhance its own product offering.

North Carolina 193

North Carolina Fintech Technology Community 193