Abrigo

OCTOBER 21, 2020

Key Takeaways Trepp's head of Commercial Real Estate Finance outlined the current CRE market and looked at the future of CRE during Abrigo's recent ThinkBIG conference. This post by Hayley Collier , Trepp's Marketing Communication Specialist, was originally published on Trepp's blog and can be found here. CRE Lending.

Marketing 312

Marketing Lending Risk Management Retail 312

Independent Banker

AUGUST 31, 2022

This presents an opportunity to apply advances achieved in other lending areas, especially commercial lending, to transform ag lending. Innovations like these, applied to the farming industry, can accelerate the lending process for farmers, saving them time and money. The demand is evident.

Innovation 144

Innovation Community Bank Community Lending 144

Abrigo

FEBRUARY 23, 2022

Loan Decisioning Allows Small Business Lending to Grow Community financial institutions can leverage automated loan underwriting to increase small business lending and achieve consistency. . Takeaway 2 Loan decisioning allows institutions to efficiently allocate credit analysts’ time for profitable small business lending.

Lending 195

Lending Community Bank Community Analysis 195

PYMNTS

JANUARY 7, 2019

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

Lending Fintech Data Wyoming 150

PYMNTS

NOVEMBER 10, 2020

It’s here now and being used to make good banks better — whether to eliminate discrimination in lending decisions, add stability to existing screening systems or drive loan growth and profits. The rest will go toward developing partnerships with governments and regulators “to raise the bar” when it comes to modern, unbiased lending.

Lending 345

Lending Software Compliance System 345

PYMNTS

OCTOBER 22, 2018

Tala, the consumer lending app in emerging markets, announced Monday (Oct. In a press release , Tala said the undisclosed investment from PayPal will help the company bring visibility and access to underserved regions in emerging markets across the world. 22) a strategic investment from PayPal.

Lending 193

Lending Company Marketing Regional 193

Bank Innovation

SEPTEMBER 25, 2017

Australia has become the second largest market for alternative lending due to the country’s favorable regulations for lenders. This is according to new data by financial regulator KPMG, in tandem with the Australian Centre for Financial Studies, which shows that the market grew over 50% within the last year.

Lending 170

Lending Marketing Regulation Study 170

Bank Innovation

OCTOBER 18, 2018

The lending market is going through some major, rapid changes, and it’s more exciting than ever for consumers looking for attractive deals on their loans. At the same time, lenders themselves have an easier time managing the huge volume of customers they have to work with, along with all the data they generate on a […].

Lending 244

Lending Fintech Data Management 244

PYMNTS

SEPTEMBER 18, 2018

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. But a standstill in the credit markets created a vacuum for a bit, at least along traditional lending conduits. Necessity is the mother of invention.

Lending 148

Lending Innovation Fintech Cards 148

PYMNTS

DECEMBER 9, 2020

FIS and Worldpay combined in mid-2019, Fiserv and First Data combined shortly thereafter and Worldline SA purchased Ingenico earlier this year. What makes the current developments so interesting and exciting is that “we're just seeing that they're at the end of the innovation growth cycle,” he explained.

Innovation 306

Innovation Fintech Payments Regulation 306

Bank Innovation

JANUARY 7, 2019

Fintech lending is on the rise but under the microscope, too. Government Accountability Office released in December said financial regulators should give the role of non-bank players in the small business and consumer lending markets a little more scrutiny, and clarify their views on the use of alternative data to make […].

Lending 199

Lending Fintech Regulation Data 199

Abrigo

OCTOBER 17, 2023

Supervisory priorities Banking examiners to focus on managing change As banks and credit unions face an ever-evolving landscape that requires adaptability and innovation, they would be wise to take stock of their change management processes. This article describes recent comments by financial regulators about managing change.

Management 195

Management Lending Risk Management Strategy 195

PYMNTS

JUNE 6, 2019

When it comes to small business (SMB) lending, the top two contenders for business owners are banks and alternative financiers or online marketplaces. The SBA and NCUA collaboration is a three-year agreement that aims to build upon that momentum, and heighten CUs’ share of the SMB lending market.

Lending 129

Lending Analytics Data Security 129

Bank Innovation

SEPTEMBER 25, 2018

Savvy financial institutions have long utilized data analytics to glean actionable insights into their customer base, for everything from acquisitions, KYC, and marketing to lending. We’ve been a partner […].

Data 150

Data Analytics Lending Innovation 150

PYMNTS

DECEMBER 11, 2020

According to Kris Puskar , senior vice president and business banking sales and innovation director at Eastern Bank , the current climate has forced both small businesses and their banks to shift their mindsets away from historical data and take a closer look at what's happening today in order to best prepare for tomorrow.

Lending 233

Lending Capital Resources Taxes 233

PYMNTS

JANUARY 18, 2018

Regulation has undoubtedly acted as a catalyst to major financial services trends in areas like small business (SMB) lending, faster payments and, most recently, open banking and collaboration with FinTechs. In its Global Banking Outlook 2018 survey , EY assessed 221 financial institutions across 29 markets. Optimism Up.

Regulation 156

Regulation Innovation Fintech Marketing 156

Perficient

FEBRUARY 29, 2024

Banking institutions are responding by integrating advanced technologies, particularly artificial intelligence and data analytics, into their lending operations to enhance efficiency and adaptability. Explore and integrate alternative data sources and innovative scoring models to offer fairer assessments of creditworthiness.

Trends 221

Trends Industry Analytics Compliance 221

Bank Innovation

MAY 4, 2016

In America, data from the Institute of Women’s Policy Research suggests roughly 29 percent of small business owners are women. In Australia the stats are similar, with just over a third of small businesses estimated to be run by… Read more Are ‘Mumpreneurs’ an untapped market niche for SME lending?

Lending 150

Lending Marketing America Policies 150

FICO

APRIL 21, 2023

Q: Dale, to start with, can you provide a little background on your business motivation as a credit risk executive for exploring the value of consumer-permissioned DDA data? I’m a big believer in testing different data sources. I’m a big believer in testing different data sources. Can you explain your rationale?

Data 52

Data Lending Trends Branding 52

PYMNTS

MARCH 12, 2019

Innovation has always been important for community banks, but the driving force of digitization over the last decade has greatly sped up the pace, said Kevin Tweddle, chief innovation officer for the Independent Community Bankers of America ( ICBA ). ICBA chose to back an accelerator program to speed up time to market, Tweddle said.

Community Bank 205

Community Bank Community Innovation Fintech 205

PYMNTS

MARCH 26, 2020

But as of 2020, it is a subject upon which seasoned experts can disagree, in a world where traditional banks and FinTechs are operating in parallel in the market – and, in many cases, are offering similar services for consumers. But the FinTechs, Baird noted, are adapting and innovating around that issue. Baird said. “As

Innovation 241

Innovation Fintech Data Examples 241

PYMNTS

AUGUST 31, 2017

ShopKeep’s mission has been to innovatively support the growth of the independent businesses we serve while making the lives of their owners and staff easier,” DeSimone continued. ShopKeep’s entrance in the small business finance space comes as another POS company, Square, finds major success with its own SMB lending operations.

Lending 113

Lending Marketing Capital Tools 113

PYMNTS

SEPTEMBER 14, 2017

One of the key reasons for the complicated relationship – the term “frenemies” comes to mind – is that FinTech newcomers are demonstrating innovative approaches to traditional banking practices, including financial management services and money transfers, while older banks tend to be wedded to older systems.

Innovation 191

Innovation Lending Fintech Bitcoin 191

PYMNTS

JULY 29, 2019

The big deal is now complete: Fiserv announced this morning (July 29) that it has completed its acquisition of First Data Corporation. The two massive firms first inked the deal earlier this year, which will see Fiserv purchase First Data for $22 billion in an all-stock transaction. He also noted that outside the U.S.,

Data 185

Data Leadership Taxes System 185

PYMNTS

MAY 31, 2019

The 2008 financial crisis gave rise to the alternative lending market as a result of a massive gap in available capital, especially for small businesses and startups. The market’s creation was a spark that ignited a slew of disruptive changes for the small business financial services space.

Lending 130

Lending Regulation Capital Industry 130

PYMNTS

OCTOBER 7, 2016

Traditional banks now realize the value in working with FinTech startups, augmenting their own service offerings by integrating the innovations of others. Data, Horrocks noted, is today an especially poignant point of friction for financial institutions in the lending process.

Big Data 195

Big Data Data Analytics Lending 195

PYMNTS

JUNE 7, 2019

This week’s B2B Venture Capital roundup is all about data. With a total of $388 million raised this week, newly funded startups are deploying an array of data analytics technologies to address B2B finance friction. Yellowbrick Data. Biz2Credit. WorldRemit.

Data 139

Data Capital Analytics Lending 139

PYMNTS

JULY 29, 2019

With their joint venture set to end next year, First Data (now Fiserv) and Bank of America said on Monday (July 29) that they will pursue independent merchant services strategies starting in June 2020. Monaco continued, “We look forward to continuing our long-standing business relationship with First Data.”.

Data 176

Data America Strategy ATM 176

PYMNTS

JANUARY 21, 2021

In the bid to hasten their digital transformation, when it comes to innovation , financial institutions (FIs) may benefit from an “app store” approach as they weigh existing and new solutions. In a nutshell: If banks don’t innovate in a way that is imaginative and proactive, they will lose customers. Launching Into New Markets.

Management 303

Management User Experience Innovation Fintech 303

PYMNTS

DECEMBER 23, 2019

CUs are working hard to meet these expectations, though, leveraging tactics — such as emotional marketing — to get ahead. Credit union service organization (CUSO) CULedger is partnering with digital credential provider Autonomous Lending to offer next-gen digital credentials to its partner CUs. About The Tracker.

Data 131

Data Lending Michigan Regulation 131

Abrigo

JUNE 9, 2020

Furthermore, adopting technology has allowed banks to grow safely and soundly, with innovations that make the loan portfolio more defensible. Financial institutions should look to technologies that allow for the automation of manual data entry to mitigate risk and allow the institution to grow safely. Learn more.

Technology 195

Technology Lending Compliance Data 195

PYMNTS

SEPTEMBER 25, 2017

Australia is now the Asia Pacific region’s second-largest alternative finance market, largely due to a favorable regulatory climate, according to new KPMG analysis. The Australian market is quickly becoming a hotbed of alternative lending , and new analysis from KPMG suggests it has risen up in the ranks.

Lending 100

Lending Regional Analysis Survey 100

Gonzobanker

MAY 15, 2023

Data-driven best practices will help ensure a successful consumer lending transformation. However, Cornerstone research and data indicate that most banks and credit unions are simply not in step with customer expectations. Member satisfaction and net promoter analysis are also tracked closely by lending leaders.

Lending 154

Lending Leadership System Data 154

FICO

MAY 5, 2022

How can transaction analytics deliver a major competitive advantage in lending? This is the topic I will be discussing at the Gartner Data & Analytics conference May 9-11 in London. The pandemic highlighted the over-reliance of banks on traditional data when making credit decisions. Opening this market is a priority for lenders.

Analytics 52

Analytics Lending Conference Data 52

Insights on Business

OCTOBER 3, 2018

IBM RegTech Innovations. Innovations like pervasive encryption and secure service containers extend IBM Z leadership in cybersecurity, which is why it runs IBM’s blockchain network. Perhaps no industry more than finance is more concerned about maintaining data privacy. Transforming how financial institutions operate.

Industry 155

Industry Innovation blockchain Compliance 155

PYMNTS

OCTOBER 31, 2019

However, CUs face an innovation gap when compared to big banks that are racing ahead and implementing technology to better evaluate risk, provide personalized insights and foster greater financial inclusion in their markets. One of the most significant obstacles for credit unions can be overcome via these collaborations.

Innovation 101

Innovation Survey Lending Technology 101

PYMNTS

JANUARY 29, 2018

The financial services market has progressed by leaps and bounds in terms of innovation, from the rise of alternative finance to the development of technologies like blockchain and open banking initiatives. Below, PYMNTS breaks down some of the key data in the SBA’s report that initiated the development of those recommendations.

Lending 116

Lending Florida Report Community Bank 116