Insights on Business

NOVEMBER 29, 2018

Operational innovation is vital in a highly competitive financial services sector, with a new community of digital banks and other firms vying for market share. Drivers for Operational Innovation. These terms look good on paper, but what do they mean in practice for operational innovation?

Operations 138

Operations Innovation Management Risk Management 138

Perficient

JULY 27, 2023

The Community Reinvestment Act (CRA) is a federal law in the US that promotes the interest of financial service firms to serve their communities’ credit needs, including low- and moderate-income neighborhoods. CRA remains essential today because many businesses are struggling to operate post-pandemic and have shut down.

Data 221

Data Compliance Community Lending 221

Gonzobanker

MARCH 6, 2020

Addressing common loan and deposit operations process inefficiencies can help financial institutions deliver optimized value to customers and stockholders. In recent years, many financial institutions have been focused on improving their digital delivery capabilities, often at the expense of their operational groups.

Operations 93

Operations System Groups Technology 93

PYMNTS

APRIL 12, 2017

Analytics software company FICO’s latest strategic partnership expands its credit score capability offerings to a new audience. The company announced this week its decision to partner with global financial dignity and economic empowerment non-profit organization, Operation HOPE.

Operations 101

Operations Analytics Community Software 101

FICO

JULY 15, 2022

Financial Inclusion Using Analytics. It means integrating new technologies into lenders workflows and operations. The FICO Score, as with other FICO solutions, lies at the very core of how the credit world operates. FICO wants industry and the community to know they can count on us to do nothing less than that.

Analytics 52

Analytics Data Lending Innovation 52

PYMNTS

NOVEMBER 11, 2019

These solutions use Big Data analytics and machine learning (ML) to help businesses better detect fraud and reduce the risks of financial losses. Such insights can also help firms improve customers’ experiences and lower operational costs. . Data lakes are therefore crucial to enabling comprehensive data and analytics strategies.

Analytics 116

Analytics Data Fraud Tools 116

South State Correspondent

APRIL 18, 2022

Historically, community banks have relied on net interest margin (NIM) instead of fee income to drive return on equity (ROE). Community banks have overlooked fee income because of the lack of analytics on how fee income translates to revenue and profitability. Industry Comparison of Fee Income. Why Fee Income Is Important.

Lending 195

Lending Community Bank Community Comparison 195

Abrigo

FEBRUARY 23, 2023

Relationship focus helps CFIs Small banks can leapfrog competitors and better serve their communities by combining their unique advantages with smart management and partnerships. How can community financial institution leaders manage their challenges and seize their opportunities at the same time?

Community Bank 195

Community Bank Kansas City Community Lending 195

Independent Banker

JULY 1, 2015

Smith, who has a master’s degree in business administration from Baylor University, has honed strong financial analytical skills, taking advantage of training courses on credit and cash- flow analysis combined with real-life applications. He’s the epitome of a community bank lender.”.

Analytics 70

Analytics Houston Texas Training 70

PYMNTS

AUGUST 4, 2017

Are community banks missing the chance to climb aboard the faster payments train? In late July, the Federal Reserve Faster Payments Task Force released its much-anticipated report on how to strengthen and operate the U.S. faster payments system. In a recent blog post , Giorgio pointed out that baby boomers make an average of 9.1

Community Bank 116

Community Bank Community Innovation Millennials 116

South State Correspondent

OCTOBER 10, 2022

Over time FTP was further advanced to allow management to measure and manage credit, interest rate, liquidity, and operational risk across business units. However, over the years, there has been considerable debate at community banks on how to implement the principles of FTP to various balance sheet accounts like loans and deposits.

Community Bank 195

Community Bank Community Examples Management 195

FICO

FEBRUARY 13, 2019

Operationalize Analytics: Xpress Insight turns advanced analytic assets into a fully functioning application for business users. Industry Today recently asked me to contribute an article about getting the maximum value out of analytics. To check out Xpress Insight go to the FICO Community.

Analytics 40

Analytics Tools Data Resources 40

Abrigo

JULY 13, 2023

Enhance data analytics capabilities : Data is a powerful tool. Banks can leverage data analytics to identify unusual patterns and anomalies. Financial institutions can monitor customer behavior and transactional data by implementing robust data analytics tools, like Abrigo Connect , and spot potential pig butchering activities.

Fraud 195

Fraud cryptocurrency Training social media 195

Independent Banker

FEBRUARY 28, 2022

We asked several banking leaders how they’ve employed fintech to ramp up their marketing campaigns, hone their analytic strategies and gain new patrons in the process. The digital world has opened vastly broader avenues for community banks to attract new customers—especially if they partner with fintechs in their endeavors.

Fintech 136

Fintech Marketing Community Bank Community 136

PYMNTS

JANUARY 9, 2020

Risk analytics is central to the creation of the predictive and prescriptive insights that will revolutionize supply chain management,” said John Siegel, managing partner at Columbia Capital. Its Software-as-a-Service (SaaS) systems help clients comprehend risk throughout their transportation networks. .

Innovation 130

Innovation Analytics Capital Management 130

PYMNTS

SEPTEMBER 24, 2020

In an interview with Karen Webster, John Rainey , chief financial officer and executive vice president of global customer operations at PayPal , noted that CFOs (including himself) have learned to pivot, too, with ground-level, tech-driven insights that move well beyond simply tracking money flows. What’s Important To Merchants. said Rainey.

Analytics 293

Analytics Examples Trends Operations 293

PYMNTS

MARCH 31, 2020

Banks looking to make the most out of these branch visits are increasingly deploying data analytics, which leverage both data provided to them by customers — including transaction histories, personal financial information and more — as well as exter nal data, such as market studies and demographics.

Analytics 174

Analytics Data Security Marketing 174

PYMNTS

JUNE 19, 2019

To stay competitive, many CUs are turning to data analytics to improve their operations in a number of areas, such as faster transactions and improved security. A recent PYMNTS study found that 35 percent of CUs have made data analytics investments over the past three years. Developments around the Credit Union World.

Analytics 131

Analytics Video blockchain Training 131

Abrigo

APRIL 25, 2024

At the same time, 59% pursued credit to meet operating expenses. Generally, small business loans benefit business owners, they also benefit communities, according to 2021 research for the SBA. Almost half sought credit to grow their businesses, and 28% applied to make repairs or replace capital assets. 1 appeared first on Abrigo.

Lending 221

Lending Trends Capital Strategy 221

PYMNTS

DECEMBER 11, 2020

Tom Van Gilder , chief medical officer of Walmart, also made a statement in support of the vaccine effort, pointing out that 90 percent of the American population lives within 10 miles of a Walmart and highlighting the company’s operational strength. Walmart and Sam’s Club stand with our communities.”.

Community 205

Community Training Analytics Operations 205

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. It’s critical for community banks to have online loan applications, process automation staff skilled in digitization and more. Doing so can help community banks: Optimize the loan cycle.

Lending 91

Lending Community Bank Community Illinois 91

PYMNTS

MAY 25, 2017

The May Payments-as-a-Service Tracker™ examines the ways new payment solutions and tools are helping merchants with their business operations and improving relationships with the customers and clients. News from the Payments-as-a-Service Landscape.

System 124

System Community Payments Report 124

PYMNTS

NOVEMBER 14, 2018

Credit unions (CUs) might operate as nonprofits, but just like a traditional bank or any other for-profit business, they still need customers — or in this case, members — to thrive. Other CUs are relying less on technology and more on community engagement to reach members. Around The Credit Union World. About The Tracker .

Detroit 122

Detroit Report Analytics Illinois 122

PYMNTS

APRIL 17, 2020

Firms will look to reassess not only how many branches they operate, but also how activities within the physical setting can be streamlined and made relevant to tech-savvy consumers. The credit unions (CUs) and community banks, said Brown, are not just brokers of funds — they are now brokers of critical information. Digital-First.

Analytics 285

Analytics Community Bank Analysis Operations 285

PYMNTS

OCTOBER 11, 2020

Santander Bank has announced three high-level appointments, two overseeing lending operations and another overseeing marketing, according to a press release. She is an expert in analytics, Santander stated, and holds a B.A. Patrick Smith was named head of Small Business Banking. She is set to join the bank Nov.

Lending 160

Lending New York Virginia Boston 160

PYMNTS

JANUARY 22, 2020

Sure, other DTC operators turn to such tactics as pop-up shops or wholesale relationships with brick-and-mortar operators, but as Dossa explained, his company’s customized products and core value are not well-suited to physical retail. “We DTC Analytics. One recent example comes from Los Angeles-based Pepper.

Los Angeles 131

Los Angeles Analytics Retail Survey 131

PYMNTS

SEPTEMBER 18, 2020

Merchants using a qualified debit card can schedule card receivables payouts and apply that cash toward inventory, bill pay and other requirements to continue operating and survive through the volatility. “In The company is using Visa 's Visa Direct solution, which wields Visa's card rails to push funds to debit cards.

Innovation 291

Innovation Payments cryptocurrency Cards 291

PYMNTS

JANUARY 15, 2020

Basware said the unit has already deployed its own research and development, sales and marketing, delivery, support and other operational teams. The unit currently serves more than 400 SMB clients in Finland, where Basware is based, and in other markets around the world. The service supports check, ACH, virtual card and wire payments.

Analytics 130

Analytics Community Meeting Marketing 130

Cisco

OCTOBER 11, 2021

As we are seeing a return to the workplace, sustainable buildings are using less energy and water, avoiding waste, saving on maintenance costs, improving indoor air quality, offering comfort to their occupants, and creating less environmental burden on their community. Financial institutions are now working to build intelligent branches.

Branch Design 146

Branch Design Branch Strategies ATM Digital Strategies 146

PYMNTS

MAY 22, 2020

Bad news hit the startup community this week as new analysis from CBInsights revealed a significant decline in venture capital (VC) funding in the first quarter of 2020. In addition to focusing on new hires, the company said it will use the investment to bolster its balance sheet to be able to expand its own SMB lending operations.

Capital 141

Capital Analytics Fintech Report 141

PYMNTS

JANUARY 13, 2021

12) the launch of the Starbucks Community Resilience Fund, through which it will invest $100 million from now through 2025 to support small businesses located in minority neighborhoods, providing them with access to capital and mentorship. Swap.com Uses Data Analytics To Fight Post-Holiday Fraud Surge.

Analytics 145

Analytics Fraud Payments Capital 145

Bank Innovation

AUGUST 17, 2017

Silicon Valley, New York City, and Boston all have thriving fintech communities, and are definitely worth a trip for the invested fintech entrepreneur, but the U.S. These cities boast strong tech communities, talent pools, good coffee, and cheaper rents. is already seeing a cluster of other fintech hubs emerge.

New York City 365

New York City Fintech Georgia Boston 365

Abrigo

JULY 27, 2023

Using regtech in banking With new federal regulatory and compliance challenges like the CFPB rule on the horizon, more and more community financial institutions are exploring regtech in banking and finance. What is regtech? Take stock of the resources your financial institution will draw from when implementing regtech for the first time.

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Using regtech in banking With new federal regulatory and compliance challenges like the CFPB rule on the horizon, more and more community financial institutions are exploring regtech for banks to enhance their processes. What is regtech?

Technology 195

Technology Fraud Compliance Regulation 195

PYMNTS

SEPTEMBER 18, 2020

Venture capital appears to be picking back up in the B2B technology startup community. Operating a platform that helps organizations manage their documents, eFileCabinet recently announced $11.5 FundingXchange targets small and medium-sized businesses (SMBs) with its solution to connect firms to capital. eFileCabinet.

San Jose 226

San Jose Capital Utah Operations 226

PYMNTS

MARCH 23, 2020

As Sabato explained, the financial services market’s shift toward open banking and more sophisticated data analytics capabilities will continue to support lenders’ SMB finance operations — particularly in the months ahead as SMBs’ access to capital will prove critical to their survival. Expanding The Data Scope.

Lending 188

Lending Data Analysis Tools 188

PYMNTS

MAY 11, 2020

The press release states that EDGE will allow clients to purchase tires online, using a partnership with thousands of Bridgestone Retail Operations locations, including Firestone Complete Auto Care and Tires Plus. Users will be able to make the purchases, book appointments and pay all with the EDGE application.

Analytics 150

Analytics Community Industry Tools 150