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Some SMBs Switched Banks When PPP Loans Failed To Come Through

PYMNTS

needed financial help in April as the pandemic led to a loss of customers, founder Pavia Rosati turned to her bank, Capital One Financial Corp., But the New York consulting firm was on its own because Capital One wasn’t prepared to accept applications for the Paycheck Protection Program (PPP) when it launched. That was it.

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B2B Tech Startups Land Backing To Modernize The Enterprise

PYMNTS

The company said it would use the investment to expand its product features with a focus on its automated lending infrastructure, and noted it will now include ACH processing in its offering. Cloudentity saw the Series A investment led by ForgePoint Capital, while WestWave Capital also participated.

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10 Top Banking Podcasts You Should be Listening to

Abrigo

Thankfully for bank and credit union executives, lenders, risk managers, and Bank Secrecy Act (BSA) Officers, banking podcasts and podcasts for credit unions are plentiful, and options are growing. Listen to the podcast episode, " How To Sleep Easier at Night About Capital and Risk Levels.". Lending & Credit Risk.

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Zions Bancorporation goes live on TCS BaNCS Core Banking software

Bobsguide

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.

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Southern Bancorp is building wealth for everyone

Independent Banker

Traditionally, community banks have supported CDFIs through making charitable contributions, providing loan capital to CDFI loan funds or, at the highest range, making an equity investment in a CDFI. Relyance is working to increase its mortgage lending but sometimes isn’t able to make loans for some customers.

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Second Day, Second Wind On Innovation Debates

PYMNTS

As Aaron Goldman, managing director at General Atlantic, noted, more transactions will happen electronically; and, as BillMo CEO Steve LaBella said, the global money transfers stand at $500 billion (with his own firm’s addressable corridor at $50 billion). Lending, Lending Everywhere, With Quite a Lot to Think.

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Best Community Banks to Work For 2022

Independent Banker

An entrepreneur with a background in accounting and finance, CEO and chairman of the board Thomas Swenson set up Montana Business Capital Corporation in 1998 with a focus on job creation and economic development lending. Swenson’s goal has been to create a team of individuals who can manage themselves but also function well together.