Abrigo

MARCH 22, 2017

The 2017 Risk Management Summit presented by Sageworks is set for September 25-27th in Denver, CO. The Summit is the industry’s leading life-of-loan conference, spanning business development through portfolio risk management in a CECL - current expected credit loss - world. Here are the 2016 Summit Takeaways.

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Risk Management Management Denver Conference 186

PYMNTS

DECEMBER 12, 2018

Cryptocurrency-backed lending platform Cred is opening up its technology to third-party developers, the company has announced. The Crypto-Lending-as-a-Service (CLaaS) solution enables other crypto companies — including exchanges, crypto wallets or mining services — to integrate Cred’s lending functionality into their own solutions.

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Lending blockchain cryptocurrency Bitcoin 139

Abrigo

JULY 6, 2017

The 2017 Risk Management Summit presented by Sageworks is heading to the "Mile High City". Why You Should Join Us The Summit offers actionable insights that apply across the whole institution, spanning business development through portfolio risk management in a CECL world.

Risk Management 150

Risk Management Denver Management Colorado 150

PYMNTS

JUNE 29, 2018

As Amazon presses further into China to compete with rivals like Alibaba , a job posting on the Amazon website may have just revealed plans for the eCommerce conglomerate to extend its small business lending program into the country. Amazon first began lending to small businesses in 2015, beginning with the U.S., Japan and U.K.

Lending 109

Lending Operations Cards Report 109

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. “I’m Community bankers are increasingly recognizing that the future of digital lending is here. Illustration by Out of the box/Stocksy. By Beth Mattson-Teig.

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PYMNTS

FEBRUARY 14, 2018

An alternative lending conglomerate based in the U.K. TruFin Chief Executive Officer Henry Kenner said, “The highly experienced management team at TruFin and our group companies are passionate about the opportunities to grow our niche lending businesses. just secured more than $97 million through an initial public offering.

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Lending Capital Groups Financial Technology 122

PYMNTS

OCTOBER 11, 2017

Small business (SMB) lending is big business for community banks , which are a popular destination for small business borrowers, thanks to strong approval rates on loan applications. But new analysis from the Federal Reserve has identified a reversal in community banks’ position in the small business lending market.

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Community Bank Community Lending Survey 108

PYMNTS

DECEMBER 23, 2020

In today’s top news in digital-first banking, Goldman Sachs is testing out a wealth management program for the general public, while PayPal will allow customers to cash in their next stimulus checks without a fee. Goldman Sachs Testing Wealth Management App For The Masses. PayPal Waives Check Cashing Fees For Stimulus Checks.

Management 141

Management Conference Lending National 141

PYMNTS

OCTOBER 18, 2016

Lending Club has had a tough year. In early May, news broke that Lending Club had played fast and loose with its documents and disclosures, including the fact that then-CEO Renaud Laplanche had failed to disclose a personal stake in a firm Lending Club had an investment relationship with. The revelations were shocking.

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Lending San Francisco Comparison Maine 100

Abrigo

NOVEMBER 12, 2016

In their Spring 2016 Semiannual Risk Perspective , regulators have publicly acknowledged increasing risk in commercial real estate lending, so small business lending seems like it may be an alternative path. Many community banks and credit unions are turning to small business loans as a source of loan growth.

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Lending Community Bank Community Analysis 186

PYMNTS

DECEMBER 10, 2016

Two years ago today, Lending Club was ringing the bell on an IPO that one early investor called “a no-brainer.”. Lending Club’s model does not need bank branches on each street corner, and it can turn around in minutes and hours, not days. “I So what went so right for LendingClub two years ago today at its IPO — and then so wrong?

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Lending Compliance Capital Marketing 100

PYMNTS

AUGUST 2, 2016

Small businesses will be crucial to the expansion of the P2P lending market across the globe, analysts from Technavio said. 1) said micro, small and medium-sized enterprise (MSME) lending will help fuel growth in the global peer-to-peer lending space between 2016 and 2020. ” .

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Lending Capital Management Analytics 100

Bank Innovation

JUNE 15, 2016

Bank Innovation Israel 2016 registration has officially opened today. The only Western fintech event in Startup Nation, the 2016 Bank Innovation Israel will take place 1-3 November at the Dan Tel Aviv. The event is presented by Bank Innovation, one of the world’s leading fintech blogs.

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PYMNTS

JULY 22, 2016

It feels like 2014 again with the ongoing popularity of alternative lending startups. It’s even more surprising given that 2016 could be the year that regulation begins to really kick in for these lenders — in the U.S., Alternative Lending. Accounts Receivable Management. million for alt-lenders this week.

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Lending Regulation Big Data Risk Management 100

Celent Banking

MARCH 30, 2016

Last week, I participated in a Finextra webinar on the topic of “Connected Credit and Compliance for Lending Growth” with panelists from ING, Vertus Partners, Misys and Credits Vision. Cost of compliance. Changing client expectations. Competition from new entrants.

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PYMNTS

OCTOBER 2, 2018

We’re also a pure-play technology company, designed to support banks [that] want to offer lending products, but … either can’t or won’t dedicate hundreds of millions to building the capacity,” he said. Avant launched its first bank partnership with Alabama-based Regions Bank in 2016, using its SaaS product.

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Lending Alabama Online System 134

PYMNTS

APRIL 24, 2017

Small business lending activity across the globe is in flux. China saw a whopping 17 percent increase in small business lending in Q1, while U.S. We break down the latest on SME lending in these key markets. On the other side of the conversation is Marathon Partners Equity Management, LLC, which has owned 1.75

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Lending US Capital Community 100

PYMNTS

AUGUST 8, 2017

After what can best and only be described as a rough run for the last year or so for the team at Lending Club, things appear to have picked up some as of the marketplace lender’s latest quarterly earnings report. The loans were later repurchased by Lending Club. Lending Club reported a net loss of $25.5

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Lending Leadership Conference Groups 100

Gonzobanker

MAY 31, 2019

Financial institutions that want to play in the small business lending sandbox need to bring their digital toys. But how can community banks successfully compete with big banks and fintechs that are spending billions on their digital lending capabilities? Target auto-debit at 90%+ in all small business digital lending processes.

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Lending Community Bank Community Data 136

PYMNTS

JANUARY 29, 2020

Worldpay and Liberis partnered in 2016 to launch Worldpay Business Finance in the U.K. Liberis’ mission is to reshape small business finance for good,” said Howard Kramen, general manager, U.S., With the introduction of Working Capital, U.S. SMBs can get loans to advance their businesses. Liberis Group.

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Lending Florida Capital Fintech 131

PYMNTS

AUGUST 8, 2017

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. But it was something the firm was able to survive — mostly due to a strong background in FinTech, where “the first thing you learn is asset liability management.”.

Lending 105

Lending Capital Fintech Marketing 105

Bank Innovation

FEBRUARY 24, 2016

The panel of judges — Scarlett Sieber of BBVA; Sam Maule of Carlisle & Gallagher; Ryan Falvey of the Center for Financial Services Innovation; Matt Wilcox of Fiserv; and Phil Ryan of Bank Innovation — will decide which company is worthy of the “Best in Show” DEMOvation crown at Bank Innovation 2016.

Innovation 150

Innovation Seattle Fintech Company 150

Independent Banker

DECEMBER 13, 2015

New Military Lending Act regulations kick in next fall. Following a three-year study on predatory lending, the U.S. Department of Defense has now issued the final rule to implement the Military Lending Act. 3, 2016, compliance date. By Mary Thorson Wright. The effective date of the final rule was Oct. Beginning Oct.

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Lending Compliance Regulation Virginia 70

PYMNTS

FEBRUARY 16, 2018

Similar to small businesses, said Albert Periu , middle-market firms struggle to not only gain the capital they need from traditional financiers; they’re also burdened by paper-based manual processes in the application and loan management process. There weren’t many FinTech or digital solutions for this segment.

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Lending Marketing Analytics Capital 101

PYMNTS

DECEMBER 28, 2020

But with no other choice in many cases, because so much of the outside world shut down, consumers turned to digital and learned that not only was it easier and more manageable than they thought, it was in many ways a preferable way of conducting commerce. And the changes, he said, have been across the board toward digital.

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Lending Data Marketing Regional 220

PYMNTS

JUNE 2, 2020

Due to a 2016 scandal in which bank employees started millions of fake accounts under peoples’ names, the bank is now under a mountain of consent orders that limit its abilities to grow the balance sheet. On Monday (June 1),Wells Fargo announced new hires for a risk-management team.

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Lending Risk Management Maine Branding 130

Bank Innovation

JUNE 23, 2016

Lucy Peng, CEO, Ant Financial Ant’s latest fundraising round – the largest ever anywhere – of $4.5 billion, and its overall valuation of more than $60 billion, have turned the Alibaba spinoff into one of the most valuable private tech companies in the world. Launched in 2014, Ant Financial Read More.

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Innovation Company social media Operations 284

CFPB Monitor

DECEMBER 1, 2016

The CFPB’s Fall 2016 rulemaking agenda has been published as part of the Fall 2016 Unified Agenda of Federal Regulatory and Deregulatory Actions. The preamble indicates that the information in the agenda is current as of October 19, 2016. The Fall 2016 agenda does not give an estimated date for a final rule.

Regulation 60

Regulation Lending Data Report 60

Abrigo

JUNE 30, 2022

However, in prior rising-rate environments, this expected gain was often not as big as it was modeled in an asset/liability management (ALM) model. An institution with a high mix of fixed-rate lending will report lower betas, when in fact the true loan beta can be much higher. CRE Lending. Credit Risk Management.

Lending 195

Lending Marketing Analysis Data 195

FICO

MAY 10, 2018

Alliant Credit Union , one of the largest credit unions in the United States, has transformed its consumer lending business and is exceeding its lending goals since implementing FICO technology solutions in 2016. Alliant started using the new CLOS for auto loans and credit cards in late 2016.

Lending 61

Lending United States System Cards 61

Abrigo

MARCH 23, 2016

bankers expect to lend more to businesses in 2016, and as they expand their commercial lending, some financial institutions may seek to better manage their loan portfolios and lending-related risks using loan portfolio management software. A recent survey by Sageworks found that U.S. 29 and Feb.

Software 150

Software Risk Management Lending Survey 150

CFPB Monitor

JULY 1, 2016

The CFPB has issued its June 2016 complaint report which highlights complaints about consumer loans and complaints from consumers in Arkansas and the Little Rock metro area. In addition, in March 2016, the CFPB began taking complaints about marketplace lending and added loans obtained from marketplace lenders to the consumer loan category.

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Arkansas Report Metro Lending 60

Abrigo

OCTOBER 12, 2016

In September, Sageworks hosted the 5th Annual Risk Management Summit at the AT&T Executive Education and Conference Center in Austin, Texas. During the 2016 Risk Management Summit attendees were asked which area of the loan portfolio was the focus area for growth at their respective institutions. Poll Results.

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Risk Management Austin Lending Texas 150

Bank Innovation

MAY 1, 2016

Robinhood: On Target Launched in December 2014, Robinhood is a zero-fee stock trading app that quickly gained popularity among financially ambitious millennials. Robinhood was paid the enormous compliment of having “cracked the millennial code” by none other than Jay Sidhu, CEO of Customers Bank and founder of BankMobile.

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Millennials social media Operations Cards 240

PYMNTS

JUNE 28, 2016

And while we expect 2016 will mark the 24oth July 4th in a row that the British have not celebrated, one can not help but admire the impressive degree to which they’ve upped the level of the fireworks game. Marketplace lending, in short, did not need more fireworks. The market for marketplace lending in the U.K,

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Lending National Marketing Online 100

Abrigo

OCTOBER 17, 2022

Roberts, who joined the company in 2016, is stepping back to focus more time on personal interests and passions. Roberts expressed gratitude for Abrigo’s employees, saying “We have taken a small company in 2016 and have grown significantly across all key metrics, “but I'm most proud of HOW we did it,” Roberts said.

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Texas Leadership Austin Raleigh 370

CFPB Monitor

JULY 6, 2016

In its Summer 2016 Supervisory Highlights , which covers supervision work generally completed between January and April 2016, the CFPB highlights violations found by its examiners involving automobile origination, debt collection, mortgage origination, small-dollar lending, and fair lending. Small-dollar lending.

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Lending Regulation Compliance System 68