PYMNTS

MARCH 20, 2020

FinTechs continue to push the envelope to see how far open banking frameworks can go in improving the SMB banking experience, and increasingly, SMB lending is shifting to the center of these collaborative efforts. In the U.K., In the U.K., ” The U.S.’s ’s Open Banking Path. While more financial service providers in the U.S.

Lending 233

Lending Data User Experience Fraud 233

Jeff For Banks

JANUARY 26, 2023

I recently spoke to a community group, and subsequently a community bank all-staff meeting regarding the definition of a community bank. A community bank lends depositor money here. A big bank lends a little here, there, and everywhere. A big bank makes risk management decisions at headquarters in a location far, far away.

Community Bank 147

Community Bank Community FDIC Risk Management 147

PYMNTS

DECEMBER 16, 2016

15) the launch of Consumer Credit Trends, a web-based tool to help consumers monitor developments in consumer lending and to ascertain potential future risks. The tool also charts how specific groups of consumers are faring in financial markets. The Consumer Financial Protection Bureau (CFPB) announced Thursday (Dec.

Tools 100

Tools Risk Management Cards Management 100

PYMNTS

MARCH 12, 2020

But the latest initiatives reveal a growing interest in transforming internal processes, particularly among smaller banks looking to upgrade their core infrastructure and elevate small business lending operations. Equiniti Eyes APIs for Risk Management. Bectran Augments Cash Application With API.

Lending 194

Lending Risk Management Fintech Community 194

Abrigo

MAY 10, 2021

You might also like this Aite Group report on LOS vendors. Takeaway 2 Process management features of a loan origination system help manage the workflow, from analysis through closing. Takeaway 3 Aite Group assessed client references to evaluate vendors of loan origination systems and important features.

System 195

System Lending Analysis Software 195

Abrigo

APRIL 21, 2023

Focus loan reviews on risk in the portfolio Continuous loan review monitoring helps banks and credit unions ensure credit review systems support safe and sound lending. You might also like this webinar, "Return to basics: Asking the right credit risk questions."

Lending 195

Lending Risk Management Software System 195

CFPB Monitor

NOVEMBER 4, 2021

Alan Kaplinsky, Ballard Spahr Senior Counsel, hosts the conversation, joined by John Culhane, a partner in the firm’s Consumer Financial Services Group, Lori Sommerfield, Of Counsel in the Group, Heather Klein, an associate in the Group, and Richard Andreano, a partner in the firm’s Mortgage Banking Group.

Lending 78

Lending Data Report Risk Management 78

FICO

OCTOBER 22, 2020

Home Credit Group , which lends to underserved customers with little or no credit history, has chosen FICO® Decision Optimizer , part of the FICO® Platform , to further improve its lending offers in multiple markets.

Groups 96

Groups Lending Risk Management Analytics 96

Abrigo

MARCH 13, 2024

Here’s how banks and credit unions with strong CRE risk management can identify weakening property loans, assess them, triage them, and assist with their prognosis and treatment. Learn more about managing CRE loan distress. You might also like this podcast on leveraging the Fed's stress test scenarios.

Strategy 221

Strategy Course Meeting Taxes 221

FICO

OCTOBER 22, 2020

Home Credit Group , which lends to underserved customers with little or no credit history, has chosen FICO® Decision Optimizer , part of the FICO® Platform , to further improve its lending offers in multiple markets.

Groups 74

Groups Lending Risk Management Analytics 74

Abrigo

NOVEMBER 9, 2020

Prudential regulators have made it clear that while they will adjust supervisory strategies as appropriate to emerging risks of the pandemic, examiner scrutiny will continue assessing basic principles that ensure the safety and soundness of financial institutions. Loan administration is a basic and yet far-reaching process of lending.

System 195

System Lending Software Risk Management 195

PYMNTS

SEPTEMBER 25, 2019

Regulators the world over are beginning to take a closer look at the alternative and marketplace lending business model. Also, in China, analysts at Yingcan Group pointed to the government’s P2P and marketplace lending crackdown as being likely to shrink the industry by as much as 70 percent this year. In June, the U.K.’s

Compliance 117

Compliance Risk Management Lending Regulation 117

Gonzobanker

SEPTEMBER 21, 2023

Treasury management provider Dragonfly Financial Technologies launched independently from an ACI Worldwide sale. Alkami partnered with Clinc for conversational AI, Atomic for direct deposit switching and FINBOA for payment dispute management. Credit union lending platform Clutch partnered with Zest.ai for automated underwriting.

Fintech 103

Fintech Software Illinois Lending 103

South State Correspondent

MARCH 14, 2024

This all compares to about a 40%+ return invested in improving processes (loan, branch, cash management, etc.) Bank management should, of course, strive to increase cash flow as soon as possible. Now, with customers, and relationship managers switching banks at one of the highest rates, banks need to adapt to remain relevant.

Innovation 195

Innovation Strategy Capital Comparison 195

Independent Banker

JANUARY 31, 2022

Those conversations, he says, centered around whether community banks could compete against this brash group of newcomers. Fraud and risk management. By quickly ushering in a new digital reality, banks have been forced to update their fraud and risk management practices, too. Digital account opening.

Community Bank 159

Community Bank Community Fintech Risk Management 159

PYMNTS

JUNE 26, 2018

Legislation passed in the Senate earlier this month increases the SBA’s ability to lend to small businesses after data revealed a decrease in the number of small businesses seeking SBA loans at the end of last year.

Groups 101

Groups National Compliance Lending 101

Abrigo

DECEMBER 17, 2021

Takeaway 3 Many FIs will price-compare vendors, but neglect to consider potential hidden costs , especially when managing multiple vendors. The foundation of a solid culture of innovation should begin with the financial institution’s senior management. Having a cohesive vision from the top down is critical to a culture of innovation.

Fintech 195

Fintech How To Innovation System 195

Abrigo

NOVEMBER 15, 2019

Key Takeaways Effective credit risk review promotes lending agility. Many of the objectives of a credit risk review system support business goals. Effective credit risk review promotes lending agility. However, many community financial institutions derive a significant portion of income from lending.

System 150

System Lending Compliance Risk Management 150

PYMNTS

JULY 28, 2019

Jack Ma ’s MYbank is aiming to change the way China lends to small businesses. The 4-year-old bank uses real-time payments data and a risk-management system that analyzes more than 3,000 variables to allow borrowers to apply for a loan on a smartphone and receive cash almost instantly if approved.

Digital Banking 198

Digital Banking Lending Risk Management Capital 198

PYMNTS

NOVEMBER 26, 2019

I am delighted that the group has further strengthened its relationships with a number of key block discounting funding partners as well as reaffirming and significantly expanding the MTN program,” said James Roberts, chief financial officer. These new borrowing facilities match the terms of the lending facilities extended to U.K.

Lending 141

Lending Risk Management Policies Meeting 141

PYMNTS

APRIL 2, 2020

It is key to risk management functions, which entail assessing the likelihood that any given transaction could be fraudulent or present a credit risk. Bank of America (BoA) is one notable success story in the field of analytical risk assessment.

Analytics 237

Analytics Data Big Data social media 237

Abrigo

MARCH 6, 2017

Other advisors and trade groups have written plenty on how bankers should not behave on social media, describing some of the risks involved in unmonitored activity. 1) @davidpoconnell – David O'Connell is a former commercial lender and a senior analyst at Aite Group, where he covers commercial banks and their use of analytics.

social media 150

social media Lending Community Community Bank 150

American Banker

FEBRUARY 8, 2024

The consumer lender CURO Group said that its agreement with bondholders gives it a 30-day grace period, and that negotiations on a broader restructuring are continuing. The company has lost money in recent years as it shifts away from traditional payday lending to larger installment loans.

Lending 81

Lending Groups Company Risk Management 81

Gonzobanker

FEBRUARY 23, 2022

In this emerging landscape, financial institutions, often community banks, frequently “rent” their charter to financial technology firms (fintechs) that serve a specific consumer group as a means to grow non-interest income. infrastructure and the capacity to manage a BaaS strategy to significantly complement the core business.

Community Bank 133

Community Bank Strategy Risk Management Fintech 133

PYMNTS

OCTOBER 5, 2020

billion) to acquire Ingenico Group , the Paris-based technology provider of secure electronic transactions to create a FinTech dynamo. Under the agreement, Nexi's partner banks will be able to offer their clients the full suite of Ebury services, including international cash management, FX risk management and import/export lending.

Company 151

Company San Francisco Payments Fintech 151

FICO

DECEMBER 8, 2022

Credit risk management veterans who responsible for consumer loan portfolio risk management through the Great Recession can recall managing the challenge of responding to swiftly changing borrower payment behavior and the resulting portfolio delinquency and default rate volatility during that time. by David Binder.

Risk Management 52

Risk Management Strategy Management Analytics 52

Abrigo

SEPTEMBER 16, 2016

As Tim McPeak, an executive risk management consultant at Sageworks, pointed out in a recent webinar , it may seem obvious, but benchmarking your bank against peers on some basic metrics is an important first step in any peer analysis. For example, the peer group may be based on geographic location or total asset sizes.

Analysis 150

Analysis Leadership Groups Case Study 150

Gonzobanker

APRIL 23, 2020

In addition to standard CRE groupings of office properties (owner-occupied, multi-tenant, multi-family, retail/restaurant, industrial, land, etc.), If the institution is using this service in the AML and fraud departments, it might be wise to open these searches to loan officers managing their portfolios.

Management 80

Management Tampa Analytics Data 80

FICO

JANUARY 19, 2023

Here are my three predictions for risk management and customer treatment in 2023. Customers increasingly expect their data to be used to deliver tailored communications that anticipate their requirements, rather than being presented with generic offerings that are targeted to large groups of broadly similar demographic segments.

Lending 52

Lending Strategy Analytics Data 52

PYMNTS

MAY 17, 2017

Earlier this month, LexisNexis Risk Solutions said that its suite of products geared toward assisting lenders with account management can help mollify this challenge through its Small Business Monitoring, which draws on disparate data points to assess risk in a proactive manner.

Lending 101

Lending Data Taxes Tools 101

Abrigo

MAY 17, 2017

The importance of a sound risk rating process continues and possibly grows in the coming years as financial institutions grapple with the increased emphasis on estimating credit losses. Finally, risk ratings could be important as financial institutions meet CECL’s new disclosure requirements.

Risk Management 170

Risk Management Analysis Examples Capital 170

CFPB Monitor

SEPTEMBER 21, 2015

Hall, Executive Vice President, PNC Financial Services Group, Pittsburgh, Pa. Kukla, Senior Vice President, Center for Responsible Lending, Durham, N.C. DeBery, Senior Vice President, Internal Audit and Risk Management, Bath Savings Institution, Bath, Maine. Dr. Raul A. Christopher G. Kathleen J. Ricardo ‘Ricky’ D.

Groups 60

Groups Los Angeles San Francisco Community Bank 60

Abrigo

NOVEMBER 2, 2016

“Our evidence seems to back up the view that to date, the banking sector has successfully weathered the storm of low energy prices,” said researchers in the Federal Reserve Bank of New York’s Research and Statistics Group. However, the oil- and gas-sensitive banks’ return on assets has converged toward the comparison groups since mid-2014.

Comparison 150

Comparison Regional Study Risk Management 150

CFPB Monitor

NOVEMBER 10, 2020

In July 2020, the Federal Financial Institutions Examination Council issued a “ Joint Statement on Managing the LIBOR Transition.” LIBOR, which many creditors currently use as the index for calculating the interest rate on credit cards and other variable-rate consumer credit products, is expected to be discontinued sometime after 2021.

Regulation 78

Regulation FDIC New York Lending 78

Abrigo

SEPTEMBER 26, 2017

For example, according to a recent poll during the Sageworks Risk Management Summit, 39 percent of bankers say it typically takes their financial institutions from three to six weeks to close a new commercial loan, and another 36 percent said it takes more than six weeks. Read more about traits of millennial business owners here.

Millennials 150

Millennials Risk Management Capital Lending 150

PYMNTS

JULY 9, 2016

PayPal’s been making its SMB risk management list and checking it twice – and has found a lot of new insights behind the $2B and 90k SMBs that have been on the other side of its Working Capital program, including the role that mobile plays in getting access to those all-important cash advances. Why Paris Has A Heart For FinTech.

Risk Management 101

Risk Management Lending Capital Fintech 101

South State Correspondent

APRIL 10, 2023

The graph below shows loan repricing buckets for three asset-sized groups of banks: under $1B, $1B to $3B, and over $25B in assets. We believe that prudent risk management is not predicated on trying to predict interest rates relative to the forward curve.

Community Bank 195

Community Bank Community Security Capital 195