Abrigo

JUNE 12, 2020

Key Takeaways The soon-to-begin Main Street Lending Program (MSLP) aims to fulfill a need for mid-sized businesses to access relief funds amid the coronavirus pandemic. If a business secured a PPP loan, it is still eligible to apply for an MSLP loan; however, MSLP loans are not forgivable. While this is a promising sign, 13.3%

Maine 195

Maine Lending Regulation Resources 195

PYMNTS

JULY 29, 2020

In other news, Ledger , the crypto wallet maker, reported a data breach that resulted in the exposure of 1 million email addresses and other data, according to a blog post on the company’s website. subsidiary of Japan’s Monex , is launching its own crypto lending service called Crypto Earn, according to Cointelgraph.

cryptocurrency 165

cryptocurrency Bitcoin Lending Data 165

PYMNTS

JANUARY 22, 2021

Young B2B FinTechs secured some of their first investments in areas that include small business accounting, alternative lending and financial management. and India, alternative small business lending technology company CreditEnable has revealed a $2 million seed round, according to Inc42 reports. CreditEnable. TripActions.

Security 204

Security Fintech Capital Management 204

Abrigo

AUGUST 29, 2022

E-signature capabilities benefit both customers and staff Banks and credit unions that leverage electronic signature capabilities reap the benefits of a more efficient lending process. Takeaway 2 Digitizing the lending process with e-signature saves time as well as printing costs and means that mistakes only take a click to fix.

Lending 195

Lending Security Online How To 195

Abrigo

AUGUST 28, 2019

Slow lending decisions and frustrating loan application processes are among borrowers’ biggest gripes with traditional financial institutions vs competitors such as online or alternative lenders. Drive faster lending decisions. This reduces bottlenecks and is easier for borrowers and lenders. throughout the loan process. Get started.

Lending 150

Lending Analysis Taxes Data 150

Abrigo

DECEMBER 18, 2023

Critical capital Should CRE lending be off the table? Recent headlines may lead bankers to believe that shunning commercial real estate lending is the safest path to limit or avoid credit risk, given stresses on CRE and regulatory concerns. But that might not be the best move for your financial institution or your community.

Risk Management 222

Risk Management Management Lending Capital 222

Abrigo

APRIL 4, 2020

However, many of these borrowers were unable to immediately secure a loan. Following the Authorizing Official’s approval, the request then goes to SBA’s Program Office and CLS security team for approval. Any new users to an existin g account must go through the CAFS security protocol to receive a user ID and password.

Lending 321

Lending Community System Utah 321

Abrigo

OCTOBER 4, 2022

I will give you the analysts’ answer: yes, but… Long-term instruments from the low-rate cycle During the very long, low-rate cycle, many institutions went out further on the yield curve in the securities portfolio chasing yield, leading to long-term instruments and less asset sensitivity from an earnings perspective than would be “typical.”

Strategy 195

Strategy eBook Security Management 195

William Mills

SEPTEMBER 25, 2018

You can also store your IDs and secure notes. They see themselves as a platform for managing digital identity, secure by biometrics. SME Lending for the Indian marketplace. Efficiency gains in getting and processing paper records that are used in the lending review process. ^DG. 09:34 am Cashoff. 09:15 am MuniRisk.

Mobile 78

Mobile Customer Experience Lending Analytics 78

Abrigo

AUGUST 30, 2022

You might also like this webinar on commercial lending strategy. The lack of alternative options in a rising-rate environment may be a factor when deciding to expand into commercial lending. CRE Lending. Lending & Credit Risk. CRE Lending. Lending & Credit Risk. Member Business Lending.

Strategy 195

Strategy Lending Risk Management Analysis 195

Abrigo

NOVEMBER 16, 2016

Bank regulators for many quarters have expressed concern about easing underwriting standards in commercial real estate lending, especially as examiners have noticed increased concentrations of CRE loans in financial institutions’ portfolios. 17 at 2 p.m.

Lending 150

Lending Survey Risk Management Regulation 150

Abrigo

OCTOBER 10, 2023

Industries with high barriers to entry can pose challenges for new businesses but make well-established businesses a more secure investment. Are there high capital or technological costs? Are there many regulatory requirements? Intensity of competition: Are there one or two dominant players that control the market?

Analysis 195

Analysis Industry Risk Management Lending 195

Abrigo

SEPTEMBER 14, 2022

Financial institutions, fintech companies, and other small business lenders will need to begin collecting a wide array of small business lending data under the Consumer Financial Protection Board’s (CFPB) proposed small business lending data collection rule. The proposed rule , unveiled Sept. Controversial Provisions.

Lending 195

Lending Data Regulation Community 195

Abrigo

JUNE 12, 2023

In today's interconnected world, efficient and secure money movement is crucial for individuals and businesses alike. Money transmitters like Western Union, PayPal, MoneyGram, Zelle, and many others, facilitate secure digital transactions, allowing people to send and receive funds across borders and within the U.S.

Compliance 195

Compliance Fraud Regulation Guidelines 195

Abrigo

DECEMBER 15, 2016

In the 2015 Growth Strategy Survey by Bank Director , the most commonly cited areas for growth were Commercial Real Estate Lending, C&I loans, SBA loans, and Construction loans. To learn more about opportunities in small business lending, download the whitepaper Tapping Growth Opportunities in the Business Loan Portfolio.

Lending 150

Lending Millennials Study Survey 150

Abrigo

SEPTEMBER 20, 2023

Armed with newly pilfered social security numbers , names, and birthdates, they aim to submit these fraudulent forms before the taxpayers do. This alarming crime drains an astonishing $5.2 billion from taxpayers yearly. The cunning move by fraudsters is their tendency to file these deceptive returns early.

Taxes 195

Taxes Fraud Trends Exercises 195

PYMNTS

JULY 29, 2020

In other news, Ledger , the crypto wallet maker, reported a data breach that resulted in the exposure of 1 million email addresses and other data, according to a blog post on the company’s website. subsidiary of Japan’s Monex , is launching its own crypto lending service called Crypto Earn, according to Cointelgraph.

cryptocurrency 145

cryptocurrency Bitcoin Data Security 145

Abrigo

AUGUST 6, 2021

Community banks are critical to ag lending and small business lending. Additionally, community financial institutions are more likely to leverage relationship lending to help smaller businesses obtain loans that they might not be able to secure with larger institutions based solely on their financial information.

Community Bank 195

Community Bank Community Kansas City Lending 195

Perficient

FEBRUARY 29, 2024

This blog was co-authored by Perficient’s Chief Strategist and banking expert: Scott Albahary A slowing global economy, coupled with a divergent economic landscape, poses challenges for the banking industry in 2024. Facilitation of embedded lending while ensuring compliance: Embedded finance initiatives must adhere to regulatory requirements.

Trends 221

Trends Industry Analytics Compliance 221

Abrigo

NOVEMBER 9, 2020

Sound loan administration software or systems will generate accurate, timely information in a secure environment. Loan administration is a basic and yet far-reaching process of lending. Find out about upcoming free lending/credit webinars. Lending & Credit Risk. Member Business Lending. stay informed.

System 195

System Lending Software Risk Management 195

Abrigo

FEBRUARY 3, 2017

Most notably, the institutions recognized that change was overdue for their business lending programs. There is no document ping pong, and you submit everything online securely. • Stakeholders and processes across the institution (from lending, through credit and admin) will be affected.

Lending 150

Lending Community Bank Meeting Community 150

Abrigo

MARCH 24, 2021

Nevertheless, many financial institution executives have taken – and are taking – steps that will help address their top concerns related to lending and profitability. Technology sets up future lending success. Pandemic-Induced Transformations. Meanwhile, businesses that flourished in the pandemic may look to expand operations.

Lending 221

Lending Technology Survey Examples 221

Abrigo

MARCH 15, 2022

Convenient access to free, local ATMs, security concerns, and being nervous about putting all of their funds in a digital bank were among the reasons provided. Convenient access to free, local ATMs, security concerns, and being nervous about putting all of their funds in a digital bank were among the reasons provided. CRE Lending.

Online 195

Online Lending Survey Digital Banking 195

Abrigo

JANUARY 11, 2021

During the first two rounds of the PPP, Community Bank of the Bay had already helped local businesses in its communities secure 390 loans totaling about $81 million. learn about the sBA Lending Solution. Lending & Credit Risk. SBA Lending. Lending & Credit Risk. SBA Lending. Member Business Lending.

Lending 195

Lending Community Community Bank San Francisco 195

Abrigo

FEBRUARY 22, 2021

“While the Biden-Harris administration has directed significantly more relief to these smallest businesses in this round of PPP than in the prior round, these businesses often struggle more than larger businesses to collect the necessary paperwork and secure relief from a lender,” the White House said in announcing the changes to the PPP.

Lending 195

Lending Fraud Compliance Guidelines 195

PYMNTS

SEPTEMBER 17, 2020

In 2015, LoanDepot announced on its blog that it intended to become a public company and filed Form S-1 with the U.S. Securities and Exchange Commission (SEC). The company has determined not to pursue a public offering of the securities covered by the registration statement at this time,” LoanDepot wrote in its filing. “The

San Francisco 160

San Francisco New York Lending California 160

Abrigo

OCTOBER 26, 2016

Yet given the confidential nature of data often stored in web-based lending, credit risk and portfolio risk solutions, bankers have to pay special attention to potential weaknesses in password management. Even after strong passwords have been established, there are ways to ensure they are used securely.

Risk Management 150

Risk Management Management Lending Handbook 150

Chris Skinner

OCTOBER 16, 2017

Things we’re reading today include … City warns transition deal ‘disappearing by the day’ as May heads to Brussels Fintech market moves beyond lending Wi-fi security flaw ‘puts devices at risk of hacks’ Financial regulator warns of growing debt among young people Uncertainty over Brexit transition ‘could put (..)

Lending 177

Lending Regulation Fintech Security 177

Abrigo

APRIL 30, 2020

While it’s been a mad dash to secure funds for small business borrowers, the work is far from over once the loans are issued. Eligibility for loan forgiveness has been just as confusing – if not more so – than securing a PPP loan. This week, a new round of funding was made available for Paycheck Protection Program (PPP) loans.

Los Angeles 273

Los Angeles Lending Resources Software 273

Abrigo

MARCH 31, 2020

Key Takeaways The Small Business Administration (SBA) and Treasury Department released information on how lenders can become eligible to originate Paycheck Protection Program loans under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Lending & Credit Risk. SBA Lending. Lending & Credit Risk.

How To 195

How To Lending Illinois System 195

Abrigo

JUNE 2, 2015

Overall auto lending at credit unions is up more than 30 percent in recent years, a positive sign that CUs remain competitive in an evolving banking landscape. Utilizing the Sageworks Bank Information platform, Sageworks recently examined how steadily auto lending at credit unions – specifically for new vehicles – grew in 2014.

Lending 150

Lending San Antonio CA Sacramento 150

Abrigo

JULY 10, 2020

Both advisor ies further remind institutions that detecting and reporting fraud and other illicit activity is critical to our national security and protecting innocent people from harm. Lending & Credit Risk. Member Business Lending. SBA Lending. Ag Lending. CRE Lending. Lending & Credit Risk.

Fraud 195

Fraud Lending Software Analytics 195

Abrigo

OCTOBER 15, 2020

Fraudulent (or lack of) supporting documents Supporting documents are a critical part of both the application phase and forgiveness phase of PPP lending. Lending & Credit Risk. SBA Lending. Lending & Credit Risk. SBA Lending. CRE Lending. Lending & Credit Risk. Lending & Credit Risk.

Fraud 150

Fraud Lending Los Angeles Taxes 150

CFPB Monitor

SEPTEMBER 6, 2022

I am pleased to share with our blog readers that Kristen Larson, an attorney with almost two decades of in-house experience advising midsized and large national banks on financial services matters, has joined Ballard Spahr’s Consumer Financial Services Group. She will be a regular contributor to our blog.

Groups 78

Groups Minneapolis National Lending 78

William Mills

SEPTEMBER 12, 2017

William Mills Agency will be live blogging at FinovateFall 2017. An industry leader in lending and benchmarking solutions for financial institutions. Helps companies secure email, chat and collaboration platforms communicate with confidence. They’re s howing a lending example using their API. MalauzaiMonkeys.

Samsung 69

Samsung Mobile User Experience Google 69

CFPB Monitor

DECEMBER 19, 2016

In a blog post published last Friday, Patrice Ficklin, Associate Director of the CFPB’s Office of Fair Lending, outlined the CFPB’s fair lending priorities for 2017. The CFPB has also previously signaled its interest in fair lending issues relating to mortgage and student loan servicing.

Lending 60

Lending Compliance Data Analysis 60

Abrigo

MARCH 30, 2020

trillion ‘‘Coronavirus Aid, Relief, and Economic Security Act’’ or the ‘‘CARES Act,’’ financial institutions have a tremendous opportunity to help small businesses in their communities access much-needed capital through the billions of dollars that will be available to help keep companies operating. Lending & Credit Risk.

Lending 195

Lending Capital Community Examples 195