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6 realities for banks about lending to small businesses

Abrigo

You typically play document ping pong for days/weeks, potentially pulling in your accountant, to ensure the institution has all the documents required. There is no document ping pong, and you submit everything online securely. • Community banks worry they are in a lose-lose situation. Everything is so slow-moving.

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What the Coronavirus Has Taught Us About Banking Relationships

Abrigo

Banking technology has long been associated with the preferences of Millennials , or Gen Z, but Dave Koch, Managing Director of Advisory Services at Abrigo, says that some institutions might have boxed themselves in with that narrow way of thinking. The PPP has exposed many areas where technology excelled over traditional processes.

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Fintech Partnerships: A competitive advantage

Abrigo

Is document gathering and data entry a tedious process? Are your primary customers millennials, demanding mobile banking services? Try technology Sageworks Lending Solution helping community banks and credit unions grow Are alt-lenders catching up to banks on borrower experience?

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How CFIs Can Remain Relationship-Focused in a Digital World

Abrigo

The PPP might have been the first time many community financial institutions saw such clear returns on digitization investments, but the same automation and efficiency gains can be found in other end-to-end lending solutions. A relationship-based, community focus in a digital world.

Lending 259
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Digital Signatures Today

Independent Banker

Paperless document-signing technology is growing among banks and consumers. Today, many community banks are exploring how to “go paperless”—whether for cost reasons, a better customer experience or a deliberate outreach to a younger, technology-oriented demographic. By Mark Pfeifer.

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How CFIs Can Remain Relationship-Focused in a Digital World

Abrigo

The PPP might have been the first time many community financial institutions saw such clear returns on digitization investments, but the same automation and efficiency gains can be found in other end-to-end lending solutions. A relationship-based, community focus in a digital world.

Lending 195
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FinovateSpring 2016 Live Blog – Day 2

William Mills

Here’s another solution for document management and origination. ^SR. From their website: ShortSave helps servicers help borrowers — without red tape, phone calls, or additional documentation. It’s all done through the smartphone, with bank-level security. Can add loan documents with image capture via phone. That’s new.

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