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Top Banking Challenges: Finding Growth in 2021 and Beyond

Abrigo

Takeaway 1 Financial institutions that invested in technology in 2020 are using it to increase the loan portfolio in 2021. Takeaway 2 Use this time to optimize technology investments to increase profitability and improve customer experiences. Growing loans, earnings are banks' top challenges in 2021. Risk Ratings.

Lending 221
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Winners of 2021 FICO Decisions Awards Announced

FICO

A Dozen Top Achievers in 2021. Earlier this year we provided a list of the winning companies in our 2021 FICO® Decisions Awards. Customer Onboarding & Management. Cox Communications , the largest private telecom company in the US, is using FICO® Customer Communication Services (CCS) to transform its customer experience.

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eBay Takes Control Of Its Payments Destiny

PYMNTS

In what was described by eBay as an effort to improve customer experience and offer sellers a more competitive cost structure, eBay announced news on Wednesday (Jan. All eBay sellers will be transitioned to the new data requirements — and intermediated payment arrangements — no later than July 2021, the company said.

Payments 149
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How to Win Small Business Loans This Year

Abrigo

The consumer demand for digitization and customer-centric banking is higher than ever. Despite the challenges that come with adopting new procedures, community financial institutions by their very nature have a notable advantage over online and alternative lenders when it comes to small business lending. Lending & Credit Risk.

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Formula for Business Lending Success: Minimize Delays

Abrigo

They are routinely experiencing processes that add costs, delay turnaround times, and can lead to inconsistency in pricing and risk management. The types of inefficiencies and delays are those that can also result in unhappy customers and staff. Standardizing, automating processes leads to scale. “It That’s scale.”

Lending 243
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Dodd/Frank-CFPB: Small Business Lending Data Collection Rule

Abrigo

This will include any online lender, platform lender, fintech – this is going to be everybody.” Email: 2021-NPRM-1071@cfpb.gov. CFPB-2021-0015 or RIN 3170-AA09 in the subject line of the message. We can help you improve efficiency and the customer experience of the business loan origination process. Learn More.

Lending 195
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Itaú Uses FICO's Cloud Fraud Solutions To Avoid USD$20M/m in Losses

FICO

FICO's cloud fraud solutions have delivered a 15 percent cost reduction per customer account and a 20 percent improvement in fraud detection for online transactions. Itaú manages approximately a third of all credit cards issued in Brazil,” said Ulisses Okamoto, Fraud Risk Management Superintendent at Itaú Unibanco. “We

Fraud 52