article thumbnail

How a Wyoming credit union is doing more lending despite lower demand

American Banker

Consumer appetites for new loans have slowed in the face of record interest rates, but Sunlight Federal Credit Union's partnership with Avana Capital helps identify commercial real estate opportunities in markets both local and national.

Wyoming 81
article thumbnail

GAO: FinTech Firms, FIs Seek Alternative Data Clarity In Lending

PYMNTS

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. Such alternative data, said the GAO, could pose risk to such lending decisions. Sandboxes, Gathering Steam.

Lending 150
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Crowdfunding, Deferred Loan Payments Jumpstart SMB Relief

PYMNTS

Each week, PYMNTS will round up some of the latest initiatives from governments, banks and FinTechs around the world to lend support for small businesses struggling as a result of the coronavirus. have launched new crowdfunding programs to support SMBs’ need for capital. Fed Calls On Small Banks. FinTechs Encourage SMB Crowdfunding.

Payments 173
article thumbnail

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.

article thumbnail

All Pain, No Gain

Independent Banker

Nearly one year after the Basel III capital rules went into effect, community bankers say that now recognize just how much more complex and how much more difficult this new set of capital rules will make life and business for them if they remain in place. Kim DeVore, chief financial officer for Jonah Bank of Wyoming, in Casper, Wyo.,

article thumbnail

How the OCC is building Crypto America

Lex Sokolin

If you are a financial advisor or a trust company, you have missed out on $1 trillion in capital appreciation for your customers. And that the capital appreciation that matters?—?cementing It must attract global capital and global talent. is New York better than Wyoming ?), A state like Wyoming has set precedent?—?almost

America 52
article thumbnail

How the OCC is building Crypto America

Lex Sokolin

If you are a financial advisor or a trust company, you have missed out on $1 trillion in capital appreciation for your customers. And that the capital appreciation that matters?—?cementing It must attract global capital and global talent. is New York better than Wyoming ?), A state like Wyoming has set precedent?—?almost

America 52