Remove Compliance Remove Lending Remove Marketing Remove Minnesota
article thumbnail

The benefits of micro-lending programs

Independent Banker

Jenny Bennett, market president at $850 million-asset Summit Bank in Eugene, Ore., Small business microlending has traditionally been a tough market to serve for banks of all sizes due to the cost inefficiencies. Beth Mattson-Teig is a writer in Minnesota. which operates $12 billion-asset OceanFirst Bank N.A.

Lending 150
article thumbnail

The case for end-to-end digital lending

Independent Banker

Offering digital lending isn’t about the bells and whistles. 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. Illustration by Out of the box/Stocksy. By Beth Mattson-Teig.

Lending 91
Insiders

Sign Up for our Newsletter

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

article thumbnail

Sizzle Or Fizzle: Facebook, Online Lending, Cash – And The Twilio Surge

PYMNTS

But Facebook got the jump on the news cycle this week with the big news that it was opening up Facebook Canvas for retailers and other marketers on the site, as opposed to just advertis e rs. Online lending . Yesterday’s “real” action resulted in a market cap of around $2 billion. Is payment enabling those storefronts next? .

Lending 101
article thumbnail

The Big Gorilla

Independent Banker

Far more than any other issue, regulatory compliance is the biggest challenge community bankers experienced in 2015, with 43 percent naming it as such in ICBA’s State of the Community Banking Industry survey. First Security, a $180 million-asset community bank in New Salem, N.D.,

article thumbnail

Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

Fintech Labs Insights

million for its P2P lending platform for small businesses. million for its compliance tools. Alt-lender focused on lending against existing automobile titles. P2P real estate lending marketplace. Peer-to-peer lending marketplace. Tags: Consumers, youth market, lending, loans, credit, underwriting.

Company 12
article thumbnail

Major Medium of Exchange

Independent Banker

Jim Foster, vice president and compliance officer of Oak Bank, a community bank located in the wealthy Gold Coast neighborhood north of Chicago’s Loop, says many of the bank’s customers request four-figure cash withdrawals before they leave on trips out of the country. That will change as time goes on.”. I have a pretty full plate.”.

article thumbnail

Fintech Fundings: 21 Companies Raise $440 Million Week Ending July 23

Fintech Labs Insights

The second biggest round was also in the insurance arena, as Sweden’s BIMA (aka Milvik ) raised $38 million for its micro-insurance products in emerging markets. Mobile insurance provider in emerging markets. CircleBack Lending. Consumer lending P2P marketplace. Tags: Compliance. government. BIMA (Milvik).

Company 12