PYMNTS

DECEMBER 28, 2020

In Mercado’s home nation of Brazil, he describes the last eight months as a “fundamental transformation” in a conversation with PYMNTS’ Karen Webster. Since the launch of MercadoCrédito in 2017, however, the firm has lent out 4 billion Brazilian Real (~$785 million USD) to 2.5 million people, 1.7

Lending 220

Lending Data Marketing Regional 220

Gonzobanker

DECEMBER 19, 2017

Endless CRM and data management projects that shook our foundations and gutted our PMOs. Seriously, sit back with a pocket flask of Pappy Van Winkle, smoke a cigar (or your combustible of choice if you live in Colorado, California, Washington, Oregon, Nevada, Main or Massachusetts) and enjoy the 2017 GonzoBanker Awards. Payments chaos.

Conference 101

Conference Industry Community Bank Community 101

Abrigo

JULY 6, 2017

It’s been more than six months since the National Credit Union Administration (NCUA) issued its revised member business lending (MBL) rule in January 2017. The NCUA recently updated the Examiner’s Guide to include what it described as a clear framework for supervisory expectations for managing a commercial lending program.

Risk Management 170

Risk Management Lending Policies Management 170

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. armed forces or servicemembers on active National Guard or Reserve duty, their spouses and their card-carrying dependents.

Lending 70

Lending Compliance Regulation Virginia 70

Abrigo

OCTOBER 17, 2022

Shannon passed away in 2021 after her diagnosis in 2017. and in bank technology nationally. and in bank technology nationally. In addition to dedicating himself to growing the company over the past 6 years, Wayne served as the primary caregiver to his wife, Shannon, during her battle with glioblastoma brain cancer.

Texas 370

Texas Leadership Austin Raleigh 370

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. It then added home equity products in October 2017 and RV loans in February 2018.

Lending 61

Lending United States System Cards 61

Independent Banker

JANUARY 31, 2022

“There’s really not a lot we can’t do,” says Travis Edlund, senior vice president and regional manager of the San Antonio market for Amarillo National Bank. Amarillo National Bank (ANB) in Amarillo, Texas, plans to open its first full-service retail branch in the home of the Alamo this year, but the $7.6-billion

Texas 182

Texas San Antonio Community Bank Community 182

Gonzobanker

APRIL 10, 2017

Strategic planning conversations for 2017 and 2018 are focusing more intently on funding/deposit gathering and fee income. And, increasingly, mid-size and community banks are looking to take on the Big 5 banks in corporate banking, particularly in offering cash management services. .” — Alice Kahn. They find niches.

Management 83

Management System Strategy Examples 83

Bobsguide

FEBRUARY 22, 2022

The core transformation program, titled “FutureCore,” is divided into phases and Consumer Lending for the 7 affiliate banks is the first phase to go live, with other phases to follow. The completion of this consumer lending installation represents our first step toward having a fully integrated core loan and deposit system.

Software 78

Software Wyoming Idaho Nevada 78

PYMNTS

JUNE 26, 2018

Australia’s crackdown of the banking sector continues, this time with regulators’ latest probe into financial institutions’ (FIs) lending practices with small farmers. percent following the announcement, although Bloomberg noted that the assets being sold off represented only about 5 percent of the bank’s net income in 2017.

Regulation 123

Regulation Lending Groups Industry 123

William Mills

APRIL 20, 2017

This year’s National Technology in Mortgage Banking Conference & Expo took place March 26-29 at the Hyatt Regency in Chicago. Seth Wheeler, Managing Director at JPMorgan Chase, posed the question, “Do we build or do we partner?” The post MBA Tech 2017: Blockchain, APIs and Robots, Oh My!

blockchain 46

blockchain Detroit Conference Knowledge Base 46

PYMNTS

SEPTEMBER 26, 2018

Reports in Reuters said the Australian Securities and Investments Commission (ASIC) announced the completion of its review into Australia’s top four banks and how they managed and remediated issues of non-compliance. The ASIC slammed the banks’ processes as “unacceptable.” Those breaches resulted in $361.9

Regulation 108

Regulation National Compliance System 108

PYMNTS

JULY 16, 2019

An analyst at Baird said the revelations were “unfortunate” but “manageable.”. The bank filed a suit against the company on July 9, claiming that Interlogic “fraudulently initiated wire transfers” and that Interlogic CEO Najeeb Khan knew there weren’t sufficient funds to cover the transfers. KeyBank’s five-year, $16.5

Fraud 142

Fraud Cleveland Indiana Community 142

FICO

NOVEMBER 22, 2018

In this post, I will share analysis that shows why using account management scores is equally important. The FICO® Score has been available in the Russian market through the National Bureau of Credit Histories (NBKI) since 2008. Account Management Score Shows Updated Risk. The FICO Score in Russia.

Management 45

Management Analysis Strategy Trends 45

PYMNTS

OCTOBER 10, 2019

As the October Digital Identity Tracker explores, the small business (SMB) lending and financial services industries have begun to dip their toes into more sophisticated identity validation tools. Yet, as small business financial management company Nav told PYMNTS in the Tracker, KBA still reigns supreme.

Strategy 124

Strategy Lending Knowledge Base Tools 124

PYMNTS

OCTOBER 19, 2016

If granted, the license would make Amicus the newest so-called “challenger bank,” a term used for smaller banks to rival the nation’s Big Four banks — Barclays, HSBC, Lloyds and RBS. According to reports, the company is looking to secure a banking license sometime in 2017.

Lending 100

Lending Resources National Report 100

PYMNTS

MAY 7, 2018

China introduced new tax initiatives aimed at bolstering the nation’s entrepreneurs, according to local news reports on Friday (May 4). trillion, a massive increase from $16 billion at the end of 2017. billion a year, reports from Xinhua said. Xinhua cited “official data” in its report.

Taxes 100

Taxes Policies Conference Training 100

PYMNTS

DECEMBER 5, 2019

As of 2017 around 80 percent of Indian adults had bank accounts, as the JDY had managed to sign on roughly 300 million users in three years. But when it comes to accessing credit, tools for planning or managing a financial future, the accounts come up short. billion into lending startups. percent monthly interest rate.

Lending 131

Lending Fintech Regulation Report 131

CFPB Monitor

SEPTEMBER 27, 2018

Among other things, it removes examination procedures related to burdensome “ability to repay” requirements as well as references to OCC Bulletin 2013-40’s risk management expectations.

Handbook 60

Handbook Risk Management Lending Meeting 60

PYMNTS

OCTOBER 8, 2019

The latest data also hints at the possibility banks may be feeling skittish about lending to small and medium-sized business (SMB) customers. Although hiring slowed in September, small businesses continue to remain optimistic and have even reported some significant benefits resulting from late-2017’s tax reform. 76 percent of U.S.

Survey 134

Survey Taxes Data Report 134

PYMNTS

NOVEMBER 7, 2016

and as always, national economic issues are at the top of voters’ minds. Small businesses are anxious, and there is evidence that large corporates’ cash management and investment strategies are also being shaped by political uncertainty. It’s one day to election day in the U.S., We share all the details below.

America 186

America Fintech National Strategy 186

PYMNTS

APRIL 10, 2018

In general, we think there is more room for harm to happen with small companies than good,” reflected National Small Business Association (NSBA) president and CEO Todd McCracken to the news outlet in response to President Donald Trump’s hike on aluminum and steel tariff increases.

Risk Management 123

Risk Management Analysis Survey Report 123

PYMNTS

FEBRUARY 13, 2017

And while nearly all small businesses surveyed said they visit a bank branch regularly, only about a fifth said they regularly meet with an actual bank relationship manager when they go. of Australian SMEs say they are confident in their prospects for the next three months, said the Bankwest Future of Business: 2017 Outlook report.

Survey 122

Survey Analysis Lending ATM 122

CFPB Monitor

FEBRUARY 11, 2019

The bulletin was intended “to remind banks of the core lending principles for prudently managing the risks associated with offering short-term, small-dollar installment lending programs.”. We are aware of at least one national bank and one state member bank that currently offer short-term deposit advances to their customers.

Lending 68

Lending Compliance Meeting National 68

Gonzobanker

APRIL 18, 2017

In a recent survey conducted by Cornerstone Advisors, bank CEOs were asked about their top concerns, priorities and initiatives for 2017 and beyond. Commercial cash management/fee income (sixth in 2015, second for 2016 and 2017). Small business market share (fourth in 2015, third in 2016, and now eighth in 2017).

Lending 60

Lending Strategy Management Marketing 60

PYMNTS

APRIL 9, 2018

Though you might not realize it looking at a weather forecast in various parts of the nation – as it seems the temperature might never actually break 40 degrees – spring is upon us; the season for new beginnings is here. That has included the launch of its consumer lending arm – Marcus – and its expansion into product financing with Apple.

Apple 140

Apple Cards Lending Report 140

PYMNTS

JUNE 2, 2017

Online fraud is down 34 percent, overall, at the end of Q1 2017 versus a year ago. Management at some banks have cited caution creeping in when it comes to lending. economy, and April’s strong performance follows anemic results in early 2017 that slowed GDP growth to a measly 1.2 But how about when the machine feeds you?

Fraud 109

Fraud Conference Online Samsung 109

PYMNTS

JULY 26, 2017

Treasury’s Office of the Comptroller of the Currency (OCC) has again released its report on top risks facing banks, with its Spring 2017 analysis warning FIs that threats are coming from all angles. But the Spring 2017 report reveals news of threats that are just beginning to flare up. Shifts in Lending Practices.

Compliance 115

Compliance System Fintech Report 115

PYMNTS

AUGUST 14, 2019

Instant lending is the largest monetizable transaction type with Venmo, said management, and the remainder is split between Venmo Card and Pay with Venmo. We continue to see double-digit increases in new customer wins each month, demonstrating continued demand for Zelle from national and regional banks and credit unions.”.

Payments 124

Payments Trends Cards Comparison 124

Gonzobanker

DECEMBER 22, 2020

Banks and credit unions had to fundamentally change their delivery, support and relationship management models at scopes and speeds that were unheard of. Financial institutions went from having no PPP lending program at all to funding their first loan in 90 days – and this with literally last-minute regulatory guidance. Remember that?

Idaho 181

Idaho Community Industry Strategy 181

FICO

JULY 10, 2017

FICO regularly tracks the national FICO Score distribution as an important gauge of US consumer credit behavior. US consumers continued to show improvement in managing their debts, which began shortly after the bottoming out of the economy in 2009-2010. of the population in October 2013 to 16.5% in April of this year.

US 75

US National Trends Data 75

PYMNTS

AUGUST 22, 2019

In August of 2017 Ghana’s government announced that it was going to clean house in its financial services sector — particularly among lenders and second-level financial institutions. And by all accounts they were entirely serious, as it has been an expensive and comprehensive journey. All in all, around 9 billion cedis ($1.6

Capital 117

Capital Regulation Management Industry 117

PYMNTS

MAY 2, 2017

Auto lending, particularly to subprime borrowers, has been looking especially concerning as delinquencies and default rates have steadily climbed. And auto lending is not the only alarm bell currently going off — student loans are also showing a spike in defaults. Subprime borrowers now account for roughly 20 percent of the $1.2

Millennials 103

Millennials Lending Capital Cards 103

FICO

JANUARY 25, 2019

The inquiry was initially set up to monitor the implementation of the Commonwealth Government’s Major Bank Levy in May 2017. The additional costs and complexity for lenders when managing regulations governing mortgages. The latter group typically have greater levels of lending and are very cognizant of market conditions.

Analytics 74

Analytics Lending Strategy Regulation 74

Jeff For Banks

APRIL 14, 2022

A Primer on Money, Banking, and Gold 2008 Cordelia Frances Biddle Biddle, Cordelia Frances Biddle, Jackson, and a Nation in Turmoil: The Infamous Bank War 2021 Alan S. The Courage to Act: A Memoir of a Crisis and Its Aftermath 2015 Peter L. Bernstein Bernstein, Peter L. Blinder Blinder, Alan S. Bonadio Bonadio, Felice A. Bove Bove, Richard X.

America 78

America National Denver United States 78

CB Insights

DECEMBER 19, 2019

From payments to insurtech to lending, fintech companies are attracting investor attention. Since 2017, 15 fintech companies based in China or Hong Kong have exited via an IPO or M&A deal valued at $1B+. No billion-dollar fintech exits in the region occurred prior to 2017, as shown below. Data is as of 12/19/2019.

Fintech 51

Fintech Regional Analytics Groups 51

NCR

MARCH 23, 2017

Regional entrepreneurship platform Wamda and Jordan-based payments firm Payfort teamed up to produce the 2017 State of Fintech report, which predicted a boom in fintech innovation in this part of the world over the next three years. “There is no doubt that the region’s fintech sector is going to continue to accelerate.”

Fintech 45

Fintech Regional Innovation Lending 45