PYMNTS

APRIL 16, 2018

India’s YES BANK is tapping into tax data to expand small business (SMB) lending. Reports in MENAFN on Friday (April 13) said the company plans to offer loans to micro, small and medium-sized businesses based on their Goods and Services Tax (GST) returns. Singapore, Germany and Hong Kong. Singapore, Germany and Hong Kong.

Taxes 108

Taxes Data Lending Analysis 108

Abrigo

FEBRUARY 18, 2016

In this webinar, Sageworks is teaming up with Linda Keith CPA again to bring you more great information about tax return analysis. Linda has been a guest speaker on several Sageworks webinars that covered topics like Global Cash Flow , Red Flags for Tax Return Analysis and Making Judgement Calls for Tax Return Analysis.

Guidelines 150

Guidelines Analysis Taxes Training 150

Abrigo

MAY 10, 2021

Takeaway 2 Process management features of a loan origination system help manage the workflow, from analysis through closing. A loan origination system (LOS) should perform several basic functions to automate and manage the end-to-end steps in the commercial loan process. Beyond Origination. Understand the elements of an LOS.

System 195

System Lending Analysis Software 195

Independent Banker

OCTOBER 31, 2021

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

Lending Community Bank Community North Dakota 91

Abrigo

NOVEMBER 13, 2015

Banks involved in ag lending understand that the volatility of the industry – unpredictable weather patterns, variable commodity prices and more – can often lead to higher amounts of risk compared to other concentrations. By improving policies and procedures, banks can make better and more profitable ag lending decisions.

Lending 150

Lending Data Analysis Policies 150

Abrigo

SEPTEMBER 5, 2023

One that particularly annoys me is when an exception is being cited because it’s the only way to effectively track a portfolio segment due to a dearth of data in the bank’s information systems. Portfolio segments should be monitored and managed, not get buried in exception counts. and property tax payments.

Policies 195

Policies Lending Risk Management Examples 195

Abrigo

JUNE 14, 2016

Loan officers and the chief lending officer can play a role in protecting asset quality during the sales and application process, particularly during times of rapid loan growth. Here are three ways that the lending department can proactively help manage credit quality. Request a consistent set of product-specific documents.

Lending 150

Lending Examples Taxes Resources 150

Abrigo

FEBRUARY 5, 2021

In a letter, the AICPA cited an example that, in many instances, small business owners applying for PPP loans were being incorrectly informed they had a criminal record. It also said it was providing more information to local and district SBA staff on the review and resolution processes. That issue was resolved. mail, Craig said.

Fraud 195

Fraud Lending Taxes Regulation 195

Abrigo

FEBRUARY 23, 2023

Relationship focus helps CFIs Small banks can leapfrog competitors and better serve their communities by combining their unique advantages with smart management and partnerships. Declining deposits, higher cost of funds, and ever-increasing competition are just a few challenges these executives are managing. The result?

Community Bank 195

Community Bank Kansas City Community Lending 195

Gonzobanker

MAY 31, 2019

Financial institutions that want to play in the small business lending sandbox need to bring their digital toys. But how can community banks successfully compete with big banks and fintechs that are spending billions on their digital lending capabilities? In a recent American Banker. In a recent American Banker. Source: DeBanked ).

Lending 136

Lending Community Bank Community Data 136

Abrigo

SEPTEMBER 21, 2021

As a loan reviewer, you need to be technically sound in order to do your job, which means you need to have a fundamental understanding of financial analysis, tax analysis, and all of the regulatory laws that surround the credits that you’re going to be reviewing,” Cooley says. Keep me informed. Credit Risk Management.

Video 195

Video Analysis Risk Management Training 195

Bank Innovation

NOVEMBER 19, 2019

The bank is tapping cloud banking vendor nCino to automatically pull information from tax returns when underwriting commercial loans. According to Jason Shields, vice president and loan operations manager at Gulf […]. Gulf Coast Bank and Trust, a New Orleans-based bank with $1.7

Taxes 199

Taxes Operations Management Technology 199

Abrigo

MAY 1, 2020

Key Takeaways The process for how PPP loans will be forgiven is developing, but lenders can look to guidance so far for key information. Manage PPP loans through forgiveness. or who received annualized pay of more than $100,000 during any period in 2019; state and local employer taxes assessed on an employee’s compensation (i.e.,

Taxes 195

Taxes Lending Payments Report 195

Abrigo

FEBRUARY 10, 2021

You might also like this webinar, How the 2021 Roadmap for Producers will Influence Ag Lending. Land value At the end of the project, all that farmers and ranchers have left are land value and soil management. Stay up-to-date on the latest on ag lending trends. keep me informed. Watch Webinar. Opportunities.

Lending 195

Lending West Virginia Resources Operations 195

Abrigo

APRIL 22, 2024

Recent dynamics of the small business lending market A deep understanding of the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. You might also like this guide for smarter, faster small business lending. Record new business formation and a wider gap between U.S.

Lending 243

Lending St. Louis Community Marketing 243

Abrigo

OCTOBER 15, 2020

The SBA’s Lender Application Form requires lenders to certify that they have “complied with the applicable lender obligations,” including confirming receipt of the borrower’s certifications, receipt of information regarding employee pay and taxes, and the average monthly payroll costs. Lending & Credit Risk. SBA Lending.

Fraud 150

Fraud Lending Los Angeles Taxes 150

Abrigo

APRIL 14, 2017

Experts agree that while commercial lending is a critical banking service, it has been one of the least automated and technology-reliant aspects of banking today. A credit risk manager at one bank with $900 million in total assets estimated that her team received approximately 8,220 tax returns in the 2015 calendar year.

Innovation 150

Innovation Taxes Analysis Lending 150

PYMNTS

DECEMBER 7, 2020

Despite a surge in sales, small businesses selling online can struggle to manage working capital, particularly as many rely on third-party marketplaces like Amazon that don't facilitate instant access to revenues. According to Ricardo Pero , CEO of SellersFunding , that places many eCommerce sellers in a precarious financial situation.

Capital 356

Capital Online Tools Lending 356

PYMNTS

JULY 21, 2017

Small business accounting and cash management took home the gold this week, with two startups raising a collective $93 million in funding. The company provides accounting and bookkeeping services to small businesses and claims to be the first to have automated information processing when SMEs upload receipt and invoice images.

Management 100

Management Capital Taxes Security 100

PYMNTS

MAY 17, 2017

Beyond the changes in the economy at large, or the revenues or operating expenses generated in tax returns, or discrete data points that form the basis of a conversation between applicant and financial institution, tracking the risk status can be a challenge.

Lending 101

Lending Data Taxes Tools 101

PYMNTS

NOVEMBER 13, 2020

The company also streamlines supplier onboarding, contract management and other workflows within the procure-to-pay space. Osome connects small and medium-sized businesses to a digital business assistant app to automate accounting, payroll and tax compliance workflows. and Hong Kong.

Capital 229

Capital Cards Fintech Payments 229

Abrigo

JULY 19, 2017

One of the most common ways to import the data from a tax return into a digital system is to use Optical Character Recognition (OCR) software. For post offices that need their OCR sorting machines to read relatively short, standardized bits of information like zip codes, this technology works great.

Taxes 150

Taxes Software Data Lending 150

PYMNTS

NOVEMBER 15, 2016

Financial information firm Sageworks has announced its expansion into the world of SME lending. 14) that the company is entering the small business finance space with a new platform that adds to its existing consumer lending, credit risk and portfolio risk management offerings for financial institutions. ”

Lending 100

Lending Big Data Risk Management Taxes 100

FICO

JANUARY 6, 2022

As credit issuance, account management and collections enter the digital age, the opportunity for innovative experimentation is accelerated and made more complex by the wide range of data and decision points a digital platform enables. The Pillars of Experimentation. The importance of this was shown in a recent FICO survey. Source: FICO. .

Management 52

Management social media Customer Experience Strategy 52

Ublocal

JUNE 5, 2023

SBA loans offer a variety of benefits, such as more flexible lending terms, and they can be a gateway to obtaining conventional financing in the future. Pay taxes to the U.S. If requested, you’ll also need to provide your personal tax returns from the past three years. and primarily operating in the U.S.

New Hampshire 98

New Hampshire Vermont Resources Taxes 98

Abrigo

JULY 20, 2017

AAR is the global leader for online news, product and innovation information on risk, compliance, and trading. Relationship Manager. Electronic Tax Return Reader (ETRR). Allaboutrisk.com (AAR) recognizes Sageworks as a credit risk vendor in its 2017 Risk Software Report. Loan Decisioning. Loan Pricing. Client Portal.

Software 150

Software Report United States Compliance 150

PYMNTS

NOVEMBER 7, 2018

Management pointed to tightening credit standards even as rising rates helped boost results, trends that are likely to continue. That growth was outpaced by a record number of applications, up 30 percent year on year, as LendingClub looks to spur “awareness” of the benefits of fixed-rate lending in an era where interest rates are on the rise.

Taxes 159

Taxes Management Risk Management Capital 159

PYMNTS

JANUARY 18, 2021

This week's B2B Data Digest takes a look at the numbers behind the latest instances of fraud, including fraudulent invoices, corporate tax scams and more. $19 According to the publication, the individual is accused of issuing fraudulent invoices from legitimate suppliers in order to secure tax repayments for the company.

Community 219

Community Fraud Taxes Massachusetts 219

Abrigo

NOVEMBER 7, 2019

Cost-benefit analysis: What is the FASB’s process, and how much of that information is public? A smaller bank might have 10 different pools, and it might be appropriate for 9 of them, but there may be one portfolio that is really the backbone of the lending operation, and it may require something more.

Community Bank 150

Community Bank Community Lending Analysis 150

PYMNTS

OCTOBER 21, 2019

PYMNTS recently spoke with Eric Bloomquist, chief product officer of loan-focused personal finance tool FinLocker , and Jamie Rhodes, the company’s product owner, to discuss how the mortgage lending process can be streamlined while safe underwriting practices are maintained. Informed Consumers are Responsive, Receptive.

Lending 104

Lending Data Taxes Tools 104

Abrigo

NOVEMBER 13, 2023

If your customer is borrowing money from other creditors or is involved in any type of lawsuit, you will find that information through a simple records search. Make sure to look at lien perfection, tax payments, and insurance. But managing annual reviews for customers with fluctuating credit needs can be tricky.

Analysis 195

Analysis Lending System Survey 195

PYMNTS

OCTOBER 8, 2019

The latest data also hints at the possibility banks may be feeling skittish about lending to small and medium-sized business (SMB) customers. Although hiring slowed in September, small businesses continue to remain optimistic and have even reported some significant benefits resulting from late-2017’s tax reform. 76 percent of U.S.

Survey 134

Survey Taxes Data Report 134

Abrigo

SEPTEMBER 20, 2023

Banking intelligence solutions can assist with data analysis so financial institutions can better see activity patterns. Augment float time management : Minimizing float time can effectively curtail fraud opportunities, particularly kiting, leaving little to no window for exploitation.

Fraud 195

Fraud Trends Cards Software 195

Qudos Bank

FEBRUARY 15, 2024

The cost of energy is rising, so it pays to be informed. Talk to those around you Managing the rising cost of living doesn’t have to be a solitary experience. Reach out to financial experts If you want help developing a plan to manage the rising cost of living, then it may be worth speaking to a financial expert.

Taxes 52

Taxes Management Online US 52

PYMNTS

MARCH 13, 2017

Good news is ahead for those suffering from low FICO scores — according to reports this morning, civil judgements and tax liens will by and large be coming off of consumer credit reports. The move is one of the latest to keep negative information weighting down credit scores to a minimum.

Report 111

Report Data Taxes New York 111

PYMNTS

SEPTEMBER 6, 2019

landed on the board, too, as alternative lending, small business banking, back-office financial management and accounts receivable technology enticed backers. This information is aggregated over time, allowing business users to obtain trend analysis data on customer payment habits. million was placed with B2B FinTechs this week.

Fintech 155

Fintech Capital Lending Operations 155

CFPB Monitor

JUNE 5, 2020

The FTC recently announced a settlement of its lawsuit filed in a New York federal district court against a New York City car dealership and its individual general manager in which the FTC alleged that the defendants discriminated against African-American and Hispanic car buyers and engaged in other illegal business practices.

New York City 122

New York City Policies New York Lending 122