Abrigo

NOVEMBER 12, 2016

Many community banks and credit unions are turning to small business loans as a source of loan growth. The good news is that by investing in a streamlined origination process, community banks and credit unions can target SMB loans profitably, without adding unknown credit risk to the portfolio.

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Lending Community Bank Community Analysis 186

Abrigo

JANUARY 11, 2021

You might also like this whitepaper: "Beyond PPP: How Savvy Financial Institutions Can Propel Growth and Profitability with Technology" DOWNLOAD/WATCH. All other banks, credit unions, and other types of lenders will be notified “shortly thereafter” of when they can begin submitting origination requests, the SBA said early Monday.

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Lending Community Community Bank San Francisco 195

PYMNTS

AUGUST 11, 2017

PaymentsSource reported that while Lowe’s has long offered financing through its private-label credit card programs, this option is a poor fit for construction crews that need to manage ongoing expenses. Sunrise Banks is Lowe’s issuing partner for PreLoad. Lowe’s new service is built on the BizNow platform, which Jacksonville, Fla.

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Cards Jacksonville Community Bank National 100

South State Correspondent

JUNE 27, 2023

It’s a way for banks to speak with each other, and it started to be phased in during the first quarter of this year with the goal of a complete conversion by 2025. While this is mostly the domain of large banks, there are three reasons why your community bank should consider adopting this language to increase future bank performance.

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System Data Examples Payments 195

Abrigo

FEBRUARY 25, 2022

The traditional relationship lending approach for business loans – personal attention and local connections – offered by community banks and credit unions provides a competitive advantage in winning small business loans. It is the backbone of what many community financial institutions do, and they do it well. Siems, Jonathan A.

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Lending St. Louis Community Survey 195

Abrigo

APRIL 1, 2015

A recent Wall Street Journal article by Victoria McGrane and Jon Hilsenrath highlighted how the nation’s regulators are increasingly questioning and turning their focus toward bank boards. These smaller banks have also seen new, and more frequent, attention from regulators. How complex is the bank’s operating model?

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Risk Management Community Bank Regulation Boston 150

Abrigo

NOVEMBER 9, 2022

You might also like this: "Beyond CECL: Stress testing, ALM, and financial planning" DOWNLOAD. Takeaway 1 10% of banks and credit unions have completed CECL adoption, according to Abrigo's CECL implementation survey. With just weeks left to complete CECL implementation, how are banks and credit unions doing? Process changes.

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Survey Software Resources Meeting 195

South State Correspondent

MARCH 15, 2023

While we wrote about the root cause of the failure of Silicon Valley Bank (SVB) HERE , the lessons of the current banking crisis go beyond interest rate risk management. While interest rate risk caused the most significant impact on value, several other factors contributed to the terminality of each bank that was closed.

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social media FDIC Branding Management 195

Abrigo

AUGUST 26, 2015

He went on to comment that since more than 70 percent of the regulatory agency’s operating budget consists of costs surrounding the exam process, “any reasonable suggestion regarding how to better manage the inexorable increase in these costs merits thoughtful reflection.”. The longer interval is on the table for banks as well.

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Survey Community National Community Bank 150

Jeff For Banks

DECEMBER 9, 2020

Start integrating the financial risks from climate change into governance frameworks, risk management processes, and business strategies. I visited the Task Force for Climate-related Financial disclosures website and downloaded their report to see what Superintendent Lacewell was talking about (see picture).

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Lending Regulation Community National 78

Jeff For Banks

DECEMBER 28, 2023

I work for The Kafafian Group, a community bank consulting firm based in Bethlehem, Pennsylvania. Many of my readers might not know what my firm does, so I want to dedicate this post to the problems we help community bankers solve. And they can download anything they see within the portal for their own analysis and dashboards.

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Groups Capital US Community 85

Independent Banker

OCTOBER 29, 2014

Big-brand megabanks, the Visa and MasterCard networks, and big-box merchants had signed up to become partners with Apple’s universal retail smartphone app that uses Near Field Communication and tokenization technologies. So where do ballyhooed mobile banking and payments developments among the biggest players leave community banks?

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Mobile Community Bank Community Technology 105

NCR

JUNE 30, 2016

We recently spoke with Lyan Fernandez, EVP and Chief Operating & Risk Officer at TotalBank , to discuss how they’re leading the way and working to keep their customers’ financial information secure. TotalBank has proudly served the Miami community for more than 40 years. First off, can you tell us a bit about TotalBank?

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Miami Community Bank Mobile Community 45

Independent Banker

FEBRUARY 3, 2016

To that end, banks are turning to the latest customer relationship management (CRM) solutions that, through integration with the core platform , gather precise data that helps them proactively anticipate customers’ product and service needs individually and pinpoint their channel preferences.

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Leadership Customer Experience Management Data 70

Abrigo

APRIL 22, 2024

Recent dynamics of the small business lending market A deep understanding of the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. DOWNLOAD Takeaway 1 Financing plays a crucial role in small business survival and success. Louis Fed : [S]mall-business loans—i.e.,

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Lending St. Louis Community Marketing 243

Gonzobanker

DECEMBER 22, 2014

Bank Acquisition of the Year - BB&T Corp. Nice community bank culture fit between the two as well. Bank Merger of the Year – California United Bank and 1 st Enterprise Bank in Los Angeles. Loan numbers are still managed with Excel spreadsheets and assigned at document prep time.

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Los Angeles Apple Risk Management California 101

CB Insights

FEBRUARY 20, 2020

Today, 22 of those companies have become unicorns, 17 have exited, and none have shuttered operations. Download the free report for all the details. According to CB Insights market sizing data , the global market for IT for banking, financial services, and insurance (BFSI) industry is projected to reach nearly $150B by 2022.

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Fintech US Lending Cards 80

Abrigo

NOVEMBER 29, 2021

Takeaway 3 Community banks have seen less volatility in noninterest income, and many are still eyeing growth across the category. Currently, banks are flush with “surge” deposits , which could be contributing to this additional source of income. Community banks target growth. Types of Noninterest Income.

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Community Bank Community FDIC Trends 195

William Mills

MAY 11, 2016

Diana Chin (HR & Operations). CreditHQ helps businesses manage cashflow. Managing cash flow – targeted at small business in partnership with banks. ^KT. Here’s another solution for document management and origination. ^SR. It’s all done through the smartphone, with bank-level security.

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Video Mobile social media Analytics 40

Abrigo

FEBRUARY 6, 2024

Takeaway 2 Community banks may face challenges seeking reimbursement for breach of warranty claims filed with other FIs. Takeaway 3 Banks and credit unions should leverage new tools to improve check fraud prevention that can ease the burden on their staff and safeguard customers.

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Fraud Training Trends Regional 221

Abrigo

MARCH 31, 2017

Commercial real estate lending continues to receive regulatory scrutiny and reminders for financial institutions to practice solid risk management. FDIC officials in March outlined several types of weaknesses in loan underwriting, administration and oversight practices that are emerging at some banks with CRE portfolios.

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FDIC Risk Management Analysis Lending 186

Abrigo

MARCH 24, 2021

Growing loans, earnings are banks' top challenges in 2021. The top banking challenges in 2021 are growing loans and earnings, according to Independent Banker’s recent 2021 Community Bank CEO Outlook survey. Meanwhile, businesses that flourished in the pandemic may look to expand operations. Download Infographic.

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Lending Technology Survey Examples 221

Abrigo

SEPTEMBER 14, 2022

What banks need to know as the CFPB gets closer to its final rule Banks, credit unions, and other creditors may be required to collect more data for each application under a new rule. You might also like this webinar: "Fortify Your Loan Policy to Effectively Manage Credit Risk." Credit Risk Management. Proposed Rule.

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Lending Data Regulation Community 195

Abrigo

JULY 28, 2021

Community financial institutions required to complete the current expected credit loss (CECL) standard implementation by 2023 are undoubtedly busy managing record-low net interest margins, pandemic-related uncertainties, and operational issues, as well as their own strategic initiatives.

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Resources San Antonio Data Regulation 195

PYMNTS

JANUARY 19, 2017

For community banks, there’s power in numbers. According to the Independent Community Bankers of America (ICBA), a trade group that advocates on behalf of about 6,000 community banks of various sizes in the U.S., But community banks still face tough competition from larger financial institutions.

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Data Community Bank Community Digital Banking 100

Fintech Labs Insights

AUGUST 1, 2016

Avoka’s customer acquisition platform integrates multiple fintech services to help banks, wealth managers and insurers use mobile and digital channels to onboard customers. Bankjoy offers developers a banking API for a modern, real-time, holistic interface for credit unions and community banks.

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How To Analytics Millennials Data 12

Fintech Labs Insights

JULY 22, 2015

Advisor Software will provide an overview of its wealth management cloud platform – an end-to-end suite of APIs, apps and widgets that power digital investment advice and financial planning applications. Why it’s a must-see: It has nearly 120 APIs that will power the next generation of digital wealth management applications.

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San Francisco Video Fintech Data 12

FICO

MAY 6, 2020

A week or two before the PPP is created by the CARES Act, most of the bank’s small business customers are already shutting down various business activities. Lots of small business owners are calling Greg in a panic and asking how to manage their enterprise since cash flow has dwindled. This leads to a lot of loan deferments.

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Community Community Bank Lending System 52