Sat.Apr 04, 2020

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Are the big banks failing the people?

Chris Skinner

I wouldn’t usually blog on a Saturday, but these are exceptional times and these are exceptional ideas. I’ve already seen some incredible innovation from start-ups looking to help those in need. For example, I listened to the ideas of Curl on Thursday who are running a campaign to Save Our … The post Are the big banks failing the people? appeared first on Chris Skinner's blog.

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I Can’t Connect to E-Tran – What Now?

Abrigo

Key Takeaways Friday's rollout of the PPP program was met with confusion, frustration, and glitches. E-Tran has been the subject of many frustrations. New lenders must follow a two-stage process to set up access to E-Tran. Current lenders may not be able to log in to E-Tran because they forgot their E-Tran credentials or their login expired. There are several steps these users can take to troubleshoot.

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The Finanser’s Week: 30th March 2020 – 5th April 2020

Chris Skinner

The main blog headlines are … Are the big banks failing the people? I wouldn’t usually blog on a Saturday, but these are exceptional times and these are exceptional ideas. I’ve already seen some incredible innovation from start-ups looking to help those in need. For example, I listened to the … The post The Finanser’s Week: 30th March 2020 – 5th April 2020 appeared first on Chris Skinner's blog.

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The Mr. Rogers Remedy For Keeping Calm Through COVID-19

PYMNTS

“When I was a boy and I would see scary things in the news, my mother would say to me, ‘Look for the helpers. You will always find people who are helping.” – Fred Rogers. The news is more or less full of scary things this week – the rate of infection and death from COVID-19 is climbing daily, necessary medical equipment is in short supply, unemployment filings hit record-breaking numbers for the second week in a row, more than half of all Main Street businesses are concerned they wi

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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Bank Cash Forecasting: Pandemic Edition

Jeff For Banks

My friends at CFO Consulting Partners most recent newsletter included timely and helpful tips on re-forecasting your cash, which is suddenly incredibly important, particularly in financial institutions that entered the pandemic with relatively lower amounts of liquidity. Cash Forecasting by Rob Milrod, Director, CFO Consulting Partners (rmilrod@cfoconsultingpartners.com) Cash forecasting, always important, becomes even more highly critical during times of economic disruption.