Independent Banker

OCTOBER 31, 2021

Offering digital lending isn’t about the bells and whistles. Community bankers tell us why. started developing its digital lending platform about three years ago—and the bank is really glad it did. “I’m Community bankers are increasingly recognizing that the future of digital lending is here. By Beth Mattson-Teig.

Lending 91

Lending Community Bank Community North Dakota 91

Abrigo

SEPTEMBER 2, 2020

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world. A relationship-based, community focus in a digital world. learn more.

Lending 259

Lending Community San Antonio Survey 259

PYMNTS

OCTOBER 4, 2019

For community banks and credit unions, their physical proximity to the small businesses they’re servicing is often pointed out as a major advantage these smaller players hold over the big banks, enabling these FIs to develop deeper relationships with their small to medium-size business (SMB) clients, anticipate their needs and establish trust.

Lending 152

Lending Community Bank US Community 152

PYMNTS

JANUARY 9, 2018

With big banks pulling back from small and medium-sized business (SMB) lending in the wake of the global financial crisis, the market was ripe for someone else to fill the credit gap. Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index.

Community Bank 131

Community Bank Community Fintech Lending 131

PYMNTS

APRIL 5, 2019

SoLo Funds announced it has added a Mastercard integration so users can link their debit accounts to the peer-to-peer (P2P) lending platform. This integration brings us a step closer to our goal of transforming the lending sector by providing timely access to small loans through everyday mobile users.”.

Lending 167

Lending Survey Course Community 167

Abrigo

SEPTEMBER 2, 2020

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world. A relationship-based, community focus in a digital world. learn more.

Lending 195

Lending Community San Antonio Survey 195

Independent Banker

DECEMBER 1, 2021

50% of consumers now interact with their bank through mobile apps or websites weekly – up from 32% two years ago. For community banks who are known for putting their customers first, this could be an area of concern. Increasing role of technology. 18% of these consumers opened an account with an online-only direct bank.

Community Bank 91

Community Bank Community Fintech Guidelines 91

PYMNTS

OCTOBER 22, 2019

New Jersey-based financial institution Investors Bank has announced a collaboration with online small business lending firm OnDeck to digitize its own small to medium-sized business (SMB) lending operations. The companies announced their collaboration in a press release Monday (Oct.

Lending 101

Lending New Jersey Online Customer Experience 101

Abrigo

SEPTEMBER 21, 2022

Driving efficiency and reducing risk Construction loan risk management software leverages technology and sound process management to pull construction lending away from its manual roots. Construction Loan Management Benefits This type of lending is a significant portion of many financial institutions’ portfolio. Construction Lending.

Risk Management 195

Risk Management Software Management Lending 195

PYMNTS

JANUARY 15, 2019

Rising interest rates helped boost results for the consumer lending business and credit cards, while perhaps predictably, the mortgage lending business slipped, off 30 percent from last year’s $24.4 Home lending was off by 8 percent from $1.4 The company said that average mobile customers were up 11 percent to 33.3

Mobile 139

Mobile Lending Cards Community Bank 139

PYMNTS

JUNE 29, 2016

Venture capitalists continue to back the alternative lending startup community despite recent fallout from Lending Club and revelations the company’s then-CEO Renaud Laplanche allegedly falsified loan documents. Also on Tuesday, India alternative lending marketplace Lendingkart announced its own investment round.

Lending 101

Lending Capital Industry Fintech 101

CFPB Monitor

FEBRUARY 23, 2021

The New York Department of Financial Services (DFS) recently announced that it has entered into an agreement with Hunt Mortgage , a licensed mortgage banker, to address the DFS’s findings that there was a “demonstrable lack of lending to minorities and in majority-minority neighborhoods in Western and Central New York by Hunt Mortgage.”

New York 78

New York Lending Report Policies 78

PYMNTS

AUGUST 4, 2017

Are community banks missing the chance to climb aboard the faster payments train? With various banks and FinTechs producing innovative solutions — like mobile banking and P2P tools aimed at improving the speed of payments — the pressure is on for community banks to keep up. faster payments system. faster payment system.

Community Bank 116

Community Bank Community Innovation Millennials 116

PYMNTS

MARCH 28, 2019

ICBA Bancard, the payments services subsidiary of the Independent Community Bankers of America (ICBA), announced a new partnership with MK Decision (MK) for its online loan-origination system. Our mission — to stimulate local borrowing and local lending — is well aligned with ICBA Bancard and its community bank clients. “Our

Community Bank 190

Community Bank Community Lending Cards 190

Bank Innovation

SEPTEMBER 21, 2018

Bank executives from community banks and credit unions are not meeting the demands of their SMB customer as well as they think they are, according to a recent report. The PACE Report, an annual report released by FIS on how well banks are meeting their customer demands, found that 76% of community bank executives feel […].

Community Bank 150

Community Bank Community Meeting Report 150

PYMNTS

OCTOBER 30, 2018

29) said Alipay is introducing a range of solutions for small businesses to support growth of China’s SMB community. Alipay revealed last month that it now has more than 700 million annual active users of its mobile payments solution, a 200 million user increase from the year prior. Reports in Financial IT on Monday (Oct.

Lending 134

Lending Tools Mobile Analysis 134

PYMNTS

JULY 16, 2019

JPMorgan posted second-quarter earnings on Tuesday (July 16) that showed strength in consumer-facing operations and double-digit gains in mobile customers, reflecting continued traction across digital banking efforts. Other consumer lending, excluding credit cards , was down 6 percent year on year to $352 billion. billion expected.

Mobile 108

Mobile Cards Community Bank Conference 108

ABA Community Banking

OCTOBER 1, 2020

Business conditions were most often called the single biggest challenge facing community banks, according to an annual survey released yesterday by the Conference of State Bank Supervisors. The post For Community Banks, COVID-19 Brings Existential Concerns to Fore appeared first on ABA Banking Journal.

Community Bank 80

Community Bank Community Survey Conference 80

PYMNTS

OCTOBER 4, 2019

The company handles payments, retail banking, treasury desks and mortgage lending for about 90 of the top 100 banks in the world. Last year , Finastra acquired Malauzai , a provider of mobile and internet banking solutions for community financial institutions (FIs). based community market customers and Malauzai’s non-core U.S.-based

Fintech 197

Fintech Community Bank Community Leadership 197

PYMNTS

JULY 1, 2016

Soon after Lending Club revealed its ex-CEO may have artificially inflated the company’s lending volumes, the U.S. Alternative Lending. India’s alternative lending industry scored yet another win this week with a nearly $25 million investment from Morgan Stanley Private Equity Asia. Lendingkart.

Lending 101

Lending Analytics Capital Industry 101

PYMNTS

APRIL 12, 2019

Generally speaking, net interest income is the difference between what the bank makes on lending less what it pays on deposits. In supplemental materials provided along with earnings, JPMorgan said its consumer and community banking unit logged net income of $4 billion, which was up 19 percent year over year. percent from 3.32

Mobile 108

Mobile United States Cards Community Bank 108

Abrigo

MAY 11, 2020

One of the key values community financial institutions have always leaned into is their relationships with their customers, but these relationships have been put to the test amid the coronavirus pandemic. Lending & Credit Risk. SBA Lending. Lending & Credit Risk. SBA Lending. Lending & Credit Risk.

US 195

US Lending Community Technology 195

Independent Banker

OCTOBER 29, 2014

Finding the right place, at the right pace in a volatile and uncertain mobile marketplace. Research and everyday observation show how consumers are increasingly using mobile technologies. But how far are they willing to go to do their banking on small mobile devices? By Collin Canright. Ed Bachelder, payments consultant.

Mobile 105

Mobile Community Bank Community Technology 105

Abrigo

MARCH 6, 2017

The ABA has a new report out on how banks are using social media, and much of the report focuses on using Twitter, Facebook, LinkedIn and the like to boost customer service, make connections in the community and recruit staff. His recent research reports have covered SMB lending, alternative lenders and automating commercial lending.

social media 150

social media Lending Community Community Bank 150

PYMNTS

AUGUST 31, 2020

Two-thirds of CU executives saying that microbusiness lending is a next-frontier digital innovation, making it possible for tiny businesses to process transactions like the pros. percent of these credit unions are eyeing mobile banking capabilities, while 61.1 Leaning Into Community-First Lending.

Community 152

Community Lending Community Bank Innovation 152

PYMNTS

JULY 31, 2017

According to the FinTech’s latest “ Performance Against Customer Expectations (PACE) Report ,” SMEs are unhappy with a lack of options for high-tech products and services, and as more small businesses switch banks, analysts say this discontent could accelerate bank-switching among the nation’s small business community.

Survey 112

Survey Community Bank Community Regional 112

PYMNTS

SEPTEMBER 26, 2019

That’s according to PYMNTS’ latest Credit Union Tracker , which pointed to consumers’ rising demands for mobile-friendly platforms and faster payments services. One of the largest opportunities is in small business lending. But it can also be in the broader small business community.

Lending 108

Lending Community Bank Community Fintech 108

Independent Banker

MARCH 31, 2022

Executive committee members tell us what advocacy issues they’ll be focused on during their terms, while board members share their words of wisdom for up-and-coming community bankers: themselves. To sum it up, these leaders are all in and all heart for community banking. We are not Wall Street banks—we are community banks.

Community Bank 239

Community Bank Community Industry Texas 239

PYMNTS

JUNE 18, 2018

Biz2Credit’s latest Small Business Lending Index found that loan approval rates at alternative lenders stagnated – and at credit unions, they actually fell. Thirty percent of small business loan applications at big banks got approved in May, according to Biz2Credit’s latest Small Business Lending Index. ”

Lending 112

Lending Community Bank Regional Community 112

PYMNTS

OCTOBER 12, 2017

Banking giant JPMorgan reported results that bested Wall Street estimates on Thursday, buoyed in part by strong growth in its card business and mobile initiatives. In the consumer and community banking segment, revenues were up 6 percent year on year to $12 billion. Revenues were $26.2 billion, while the Street had pegged $25.6

Cards 109

Cards Mobile Community Bank Conference 109

FICO

OCTOBER 4, 2016

The potential of alternative data in consumer lending decisions continues to be a hot topic in Washington, D.C., with the latest evidence seen in developments related to the Community Reinvestment Act (CRA). This development is welcome news for those here at FICO and for our many existing and prospective customers.

Lending 74

Lending Data Community FDIC 74

Independent Banker

JULY 31, 2022

Observing the gap in pandemic relief in south Florida due to a lack of local community banks, a trio of banking veterans teamed up to form a digital-first community bank—and were granted a charter in record time to support local businesses. By Katie Kuehner-Hebert. Name: Locality Bank. Assets: $55 million. Filling a need.

Florida 91

Florida Community Bank Community FDIC 91

CFPB Monitor

JANUARY 6, 2020

The House Financial Services Committee has announced that it will hold the following hearings this month: On January 14, the Subcommittee on Consumer Protection and Financial Institutions will hold a hearing entitled, “The Community Reinvestment Act: Reviewing Who Wins and Who Loses with Comptroller Otting’s Proposal.” (On January 29, from 12 p.m.

Mobile 78

Mobile FDIC Payments Community 78

Gonzobanker

AUGUST 17, 2022

Lending Tech With Almost Steady Grades (Even With Rough Semesters). Here’s a few recent ones that caught our attention, and please, “Give us some slack, teach” on the school themes, ok? Banks Bought More Fintechs (Until Sum mer Break Started!).

Fintech 184

Fintech Lending Software Compliance 184

Independent Banker

JULY 31, 2022

The Social Bankers, a collective of community bank marketers, offers inspiration, information and professional development advice to community bankers focused on marketing and social media. Membership is open to non-competing community bankers throughout the United States. Illustration by miakievy/iStock. By Julie Kendrick.

social media 224

social media Trends Community Groups 224

Gonzobanker

JUNE 18, 2018

We all figured it would happen sooner or later, and now it has – by Thoma Bravo , which, as part of the deal, merged MeridianLink with CRIF Lending Solutions’ ACTion, Synergy and Achieve divisions. CRIF Lending has been a solid competitor in the consumer LOS space. The post Thoma Bravo acquires MeridianLink/CRIF Lending.

Lending 60

Lending Leadership Community Bank System 60

Abrigo

MARCH 15, 2022

Lending & Credit Risk. Lending & Credit Risk. Small Business Lending. How Community Financial Institutions Can Regain the Small Business Lending Market. CRE Lending. Lending & Credit Risk. Member Business Lending. Online/Digital Account Opening: A Bridge and A Moat. Learn More.

Online 195

Online Lending Survey Digital Banking 195