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Small business lending insights Vol. 1

Abrigo

Banks and credit unions that do not evolve their lending capabilities face higher operating expenses and are at higher risk of suffering increasing loss rates. Financial institutions should also cultivate opportunities to help existing borrowers manage their business and capital needs. 1 appeared first on Abrigo.

Lending 221
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5 Common Lending Challenges and How Lending Software Can Help

Abrigo

At most institutions, lenders track outstanding opportunities and their sales activities in spreadsheets, calendars and notebooks, and without a centralized system, it’s challenging for management to measure progress or build predictable forecasts. Optimizing the loan origination process. Learn how to analyze and approve loans more quickly.

Lending 195
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Mazooma, Plaid Team Up To Advance Payments For iGaming, Sports Betting

PYMNTS

bank connections are an ideal complement to Mazooma's ACH processing platform, risk management features and compliance protocols," he added. Mazooma, a gaming industry leader for more than 15 years, is headquartered in Atlanta, Georgia and was founded in 2009. Plaid's optimized user interface and U.S.

Payments 137
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Featurespace lands in the US, opens headquarters in Atlanta

The Paypers

(The Paypers) Featurespace , a provider of adaptive behavioural analytics technology for fraud and risk management, has announced that the UK-based company will open its US headquarters this month.

Atlanta 28
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Sift Science Eyes Global Fraud Prevention With $53M In Funding

PYMNTS

In a very short time, Simility has come to be recognized as a thought leader in fraud and risk management,” said CEO and co-founder Rahul Pangam. based Featurespace and Atlanta-based Pindrop. For example, Palo Alto-based Simility received $17.5 million from Accel and PayPal, among others, in December. “In

Fraud 108
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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

Popular projects for 2023 include online loan and deposit onboarding utilizing third-party data to speed the process, compliance-as-a-service, payments, card controls, service case management, leveraging data for customer insights, and providing open banking APIs to customers. Sectors like office, retail, and hospitality, are even worse.

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Fed reported to have reservations about fintech charter

CFPB Monitor

Reuters reports that “many Fed officials fear that these firms lack robust risk-management controls and consumer protections that banks have in place.” The article quotes the President of the St. Louis Fed as having expressed concern that “fintech will be the source of the next crisis.”