CFPB Monitor

FEBRUARY 27, 2023

On February 23, 2023, the CFPB announced in a blog post that it had issued orders to nine large auto lenders requesting information about their auto lending portfolios. Continue Reading

Lending 148

Lending Trends Marketing Data 148

South State Correspondent

FEBRUARY 20, 2023

Who the competition is, what the lending competition is offering, their delivery channels, and service levels can help community banks differentiate their services and enhance their competitive advantage. The largest 100 banks dominate the industry with almost 75% of the market share.

National 195

National Lending How To Community Bank 195

Abrigo

JULY 25, 2022

Strong demand is a factor in the ag lending outlook ahead Ag lenders can begin taking steps to ensure they are prepared and can provide positive customer or member experiences. The outlook for ag lending has its share of uncertainty. Inflation, rates are factors in ag lending outlook. Farmers expect worse in 2023. Rising inputs.

Lending 195

Lending Kansas City Kansas Resources 195

PYMNTS

NOVEMBER 16, 2020

In the wake of the 2008 global financial crisis, and banks' subsequent pullback from the small- to medium-sized business ( SMB ) lending arena, a slew of alternative lenders emerged onto the scene to fill the credit gap. This is a market that's going to be digital-first in the future," he said. Flexible Technology.

Lending 289

Lending Technology Capital Meeting 289

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

Abrigo

FEBRUARY 14, 2024

Find commercial real estate risks in the loan portfolio Sound risk management practices in commercial real estate lending help lenders manage CRE credit losses and protect the portfolio's profitability. LISTEN Takeaway 1 Effective CRE risk management involves adapting to changing market fundamentals to avoid excessive loan losses.

Risk Management 195

Risk Management Management Lending Capital 195

Abrigo

JULY 20, 2021

From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Takeaway 1 SBA lending can expand your product offerings to help win deals with prospects and existing business customers or members. Why SBA Lending? Would you like others articles like this in your inbox? 1 and Sept.

Lending 195

Lending FDIC Capital Risk Management 195

PYMNTS

OCTOBER 11, 2020

Santander Bank has announced three high-level appointments, two overseeing lending operations and another overseeing marketing, according to a press release. in Information Technology Management from the University of Virginia, according to Santander. Also, Jennifer Mathissen was named chief marketing officer.

Lending 160

Lending New York Virginia Boston 160

Abrigo

FEBRUARY 25, 2022

Personalized Touch with Efficient Service Can Boost Lending Banks and credit unions can boost business lending by combining a relationship focus with transaction-oriented processing. . This competition can only increase as the lending landscape continues to shift.

Lending 195

Lending St. Louis Community Survey 195

Bank Innovation

SEPTEMBER 2, 2016

There is simply nothing more frustrating than trying to communicate with someone when neither of you speak the same language. Having just returned from a holiday in Morocco, I found myself in this exact situation on more than one occasion. Luckily, when English wasn’t an option, my schoolgirl French was often able to bridge Read More.

Lending 186

Lending Marketing 186

Abrigo

SEPTEMBER 7, 2023

Adapt to a dynamic banking environment with real-time lending & credit data Lender dashboards and reports showing the lending pipeline, pricing trends, emerging risks, workflow bottlenecks, etc. Ironically, data for making lending and credit decisions for the financial institution can also be one of the toughest assets to harness.

Report 195

Report Lending Trends Data 195

Gonzobanker

AUGUST 11, 2020

OnDeck’s fire sale aside, recent deals at nCino, Black Knight and Ellie Mae are a shot in the arm to a market in need of some good news. 2020 is the wildest downward ride in the market since 1929, which, one would think, is taking its toll on the fintech ecosystem serving banks and credit unions.

Lending 158

Lending Fintech Analytics UX 158

CFPB Monitor

NOVEMBER 28, 2022

On November 17, 2022, the Consumer Financial Protection Bureau (“CFPB”) announced in a blog post that it is in seeking to build a new data set that “will allow for a more robust understanding of market trends” in the auto market. But, despite its size, we know much less about the auto lending market.

Data 147

Data Marketing Lending Trends 147

PYMNTS

MARCH 1, 2018

Together, the entities released a report detailing steps the alternative financial services market can take to boost transparency. The report, titled “FinTech lending to small and medium-sized enterprises: Improving transparency and disclosure,” outlines best practices in promoting fair business with SMB borrowers.

Lending 100

Lending Marketing Fintech Comparison 100

PYMNTS

FEBRUARY 16, 2018

Amid the talk of filling in the small business (SMB) financing gap banks have left since the financial crisis, the rush of FinTechs, alternative and marketplace lenders coming to market may have left another business segment behind: the middle market, particularly the lower middle market.

Lending 101

Lending Marketing Analytics Capital 101

Abrigo

MAY 15, 2020

Furthermore, the FAQ clarifies that the loans were not intended for companies with access to equity in the market. Borrowers were desperately looking to obtain loans through their lenders, and lenders were desperately searching for more information on the program. Lending & Credit Risk. Member Business Lending.

Lending 195

Lending Rhode Island Fraud Los Angeles 195

Abrigo

AUGUST 28, 2019

Slow lending decisions and frustrating loan application processes are among borrowers’ biggest gripes with traditional financial institutions vs competitors such as online or alternative lenders. The document manager system captures applicant information more efficiently and accurately than when staff must key in data from paper applications.

Lending 150

Lending Analysis Taxes Data 150

PYMNTS

MARCH 15, 2019

Some of the largest global financial institutions are taking steps further into Mexico’s small business lending and finance space, the result of heightened competitive pressure imposed by FinTechs and alternative lenders in the market, reports in the Wall Street Journal said Thursday (March 14).

Lending 189

Lending Fintech National Taxes 189

Abrigo

SEPTEMBER 1, 2020

Now, many of the nearly 5,500 SBA-approved lenders that are participating in the PPP are weighing the option of leveraging that technology to continue to provide SBA lending after PPP. Leveraging tech for SBA lending after PPP. Or, they might wonder whether it’s too late to start 7(a) lending if they’ve never done it before the PPP.

Lending 195

Lending Risk Management Technology Survey 195

Abrigo

SEPTEMBER 1, 2020

Now, many of the nearly 5,500 SBA-approved lenders that are participating in the PPP are weighing the option of leveraging that technology to continue to provide SBA lending after PPP. Leveraging tech for SBA lending after PPP. Or, they might wonder whether it’s too late to start 7(a) lending if they’ve never done it before the PPP.

Lending 195

Lending Training Technology Survey 195

PYMNTS

JANUARY 15, 2018

Switzerland alternative lending company Tradeplus24 is entering the Australian market through a collaboration with Trade Ledger , the companies announced. According to the companies, Tradeplus24 is targeting Australia because its market offers high margins and limited competition. Reports Friday (Jan.

Lending 100

Lending Marketing Fraud Technology 100

Abrigo

MARCH 21, 2024

Takeaway 2 Enterprise value goes beyond book value to include earning potential, market position, and intangible assets. It incorporates the entity's earning potential, market position, intangible assets, and prospects. Their expertise ensures accurate valuations, informed decisions, and smoother transitions. Negotiation power.

Lending 221

Lending Analysis Exercises Risk Management 221

PYMNTS

FEBRUARY 20, 2020

As Open Banking spreads further into the small business (SMB) financial services market, accounting and lending platforms are taking advantage. If FinTech firms don’t agree, JPMorgan will bar them from accessing the information, reports said, as well as screen-scraping tools. Simply Completes First Open Banking Funding.

Lending 217

Lending Taxes Fintech Data 217

PYMNTS

AUGUST 31, 2017

We are uniquely equipped to make very well-informed decisions as they relate to our customers and ShopKeep Capital,” 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. We’re not competing with financial institutions.

Lending 113

Lending Marketing Capital Tools 113

Abrigo

DECEMBER 14, 2023

keep me informed Learn more about Abrigo Connect What is your destination? Identify the goal of your strategic plan A financial institution’s strategic plan is not a budget or a core values statement—but it should inform your budget and lead to measurable growth in areas that fulfill your core values. Explore Abrigo Connect.

Lending 221

Lending Risk Management Meeting Survey 221

PYMNTS

JANUARY 2, 2020

The funding will be used to introduce B-North’s regional “Lending Pods” across Manchester in the second quarter of 2020. Each pod will have critical information that businesses need to understand borrowing requirements. . “B-North’s economy forward,” said Jonathan Thompson, co-founder and CEO of B-North.

Lending 131

Lending Regional Study Fintech 131

Bobsguide

APRIL 21, 2022

Finastra appoints Isabel Fernandez to accelerate lending business growth. Company welcomes Isabel to the Finastra leadership team, as EVP, Lending Business Unit. For further information please contact: Caroline Duff. The post Finastra appoints Isabel Fernandez to accelerate lending business growth appeared first on Bobsguide.

Lending 109

Lending Leadership Community Software 109

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

CFPB Monitor

NOVEMBER 18, 2021

Earlier this week, the CFPB issued a Request for Information (RFI) regarding an assessment of the significant amendments to the Home Mortgage Disclosure Act rules, known as Regulation C, adopted in October 2015 and subsequently revised in several additional rulemakings (the “HMDA Rule”).

Compliance 78

Compliance Data Lending Operations 78

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

OCTOBER 10, 2023

Looking at how industries in your area perform allows you to see trends and assess potential market opportunities. If you’re considering expanding, or repositioning, your target client base, industry information is an extremely valuable tool to assess the health of different industries. Are there high capital or technological costs?

Analysis 195

Analysis Industry Risk Management Lending 195

PYMNTS

JANUARY 27, 2020

In the wake of the financial crisis, banks’ pullback from small- to medium-sized business (SMB) lending yielded a flood of technology-driven players stepping in to fill the SMB credit gap. According to Nav ’s newly-appointed CEO Greg Ott , the current market sees an estimated $4 trillion in SMB debt origination each year.

Lending 157

Lending Online Capital Data 157

PYMNTS

FEBRUARY 23, 2020

PayPal said in its senate submission that there were information asymmetries in the Australian system that made it difficult for young people and smaller businesses to access credit. That’s because most information about their financial histories was held by larger institutions.

Lending 226

Lending Fintech National Strategy 226

Abrigo

DECEMBER 18, 2023

Takeaway 2 Advisors recommend that financial institutions look behind some of the headlines and examine their own markets before ruling out CRE altogether. Critical capital Should CRE lending be off the table? But understanding trends in their own portfolios and local markets can allow lenders to identify risk-appropriate CRE credits.

Risk Management 221

Risk Management Management Lending Capital 221

Abrigo

OCTOBER 17, 2023

Why change management helps banks and credit unions: Enhanced adaptability : Financial institutions are subject to numerous regulatory changes, technological advancements, and market fluctuations. Improved employee morale : Change, if not managed well, can lead to resistance and a drop in employee morale.

Management 195

Management Lending Risk Management Strategy 195

CFPB Monitor

FEBRUARY 19, 2024

In February 2023, the CFPB announced that it had issued market monitoring orders to nine large auto lenders requesting information about their auto lending portfolios. . Continue Reading

Data 103

Data Lending Management Marketing 103

PYMNTS

AUGUST 29, 2018

Representative Emanuel Cleaver II (D-MO) has published the initial findings of a probe into the alternative small business lending market in an effort to explore borrower protections, fairness and the possible need for greater regulatory oversight. According to the report, the practice is “exploitative” and “largely unnecessary.”.

Lending 109

Lending social media Report Data 109