Abrigo

NOVEMBER 17, 2023

How to close more loans by speeding up lending and credit analysis Seeking a quicker loan origination workflow is worth it. Financial institution staff and management eager to grow the loan portfolio are themselves familiar with the aggravations, bottlenecks, and inefficiencies associated with loan approval processes.

Lending 221

Lending Software System Taxes 221

Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet. Employees are back to work.

Fintech 194

Fintech Community Regional Technology 194

Abrigo

DECEMBER 22, 2023

Download now Takeaway 1 AML/CFT and fraud professionals often keep up to date on industry trends by reading Abrigo's blog. Abrigo, a leading technology provider of software solutions for financial institutions, published more than 30 risk management articles on its industry-focused blog in 2023.

Fraud 221

Fraud Training Compliance Trends 221

Abrigo

JULY 25, 2023

ACH credit and debit transfers and mobile personal payment options like Venmo can take hours or days to settle between the sender and receiver’s accounts, even if information confirming transfer requests is conveyed more quickly. Takeaway 2 The speed of settlements using the FedNow Service creates the potential for additional fraud.

Fraud 195

Fraud Payments Security Resources 195

Independent Banker

FEBRUARY 28, 2022

Kathy Strasser of IncredibleBank is evaluating marketing campaign management platforms. We asked several banking leaders how they’ve employed fintech to ramp up their marketing campaigns, hone their analytic strategies and gain new patrons in the process. Photo by Janimal Photography. Dick, Chairman and CEO, Mainstreet Bank.

Fintech 136

Fintech Marketing Community Bank Community 136

Abrigo

AUGUST 28, 2022

Develop better ag lending workflows before demand picks up. Takeaway 3 Better ag lending workflows streamline document collection and management and increase credit analysis accuracy. . Efficient and profitable ag lending will be critical as ag loan demand and competition pick up. Efficient processes. Prioritizing automation.

Lending 195

Lending Analysis System Data 195

Gonzobanker

OCTOBER 15, 2014

My heart goes out to the hard working professionals who run the Treasury Services or “Cash Management” divisions at community banks. Yet for more than a decade, cash management professionals have shown their resiliency. But lately, there are deeper lines and fatigued expressions on the faces of cash management professionals.

Management 101

Management Community Bank Community Resources 101

Gonzobanker

DECEMBER 19, 2022

All of you with your hands up… … uh huh. It would have required a few trips to the local dispensary to dream up what bankers have endured this year. 1 issue raised by CEOs in our surveys, bankers had to craft a new and compelling post-Covid value proposition to attract it. OK, show of hands. Pull ’em down. Nobody did.

Community 216

Community Fintech Industry Innovation 216

FirstInternet

AUGUST 27, 2020

Consequently, the more personal information you put online, the more vulnerable it is to cyberattacks. Don’t worry, protecting your financial and personal information is a top priority at First Internet Bank. So while we’re working hard to ensure your online security, you can help too! Start with a sentence. Even better.

social media 105

social media Online Capital Management 105

Abrigo

APRIL 23, 2020

During a webinar hosted by Abrigo, Walter Lara-Figueroa, a Lender Relations Specialist from the North Carolina District Office of the SBA, said lenders should plan to book loans very soon after President Donald Trump signs the bill approving new funding. My best estimate is that if he signs today, it will be available the next day,” he said.

Lending 221

Lending Los Angeles North Carolina Community 221

Abrigo

JUNE 13, 2022

The NCOA estimates the cost of elder financial abuse to older Americans to be up to $36.5 billion annually. A recent American Bankers Association Foundation (ABA) research study found that older Americans hold 65% of the deposited wealth in the United States. Get the latest information from FinCEN. Baby Boomers. Learn More.

Fraud 195

Fraud Training United States Survey 195

Abrigo

MARCH 24, 2021

Independent Banker Survey. The top banking challenges in 2021 are growing loans and earnings, according to Independent Banker’s recent 2021 Community Bank CEO Outlook survey. Technology sets up future lending success. Here's what they're doing. Would you like others articles like this in your inbox?

Lending 221

Lending Technology Survey Examples 221

Abrigo

JANUARY 31, 2023

Beneficial ownership registry The AMLA was signed into effect in January 2021, paving the way for the first major BSA reform since the PATRIOT Act and encouraging a culture of compliance. The CTA mandated the creation of a public database for obtaining and holding beneficial ownership information for certain U.S.

Fraud 195

Fraud Training Regulation Trends 195

Abrigo

DECEMBER 10, 2019

With no signs of dissipating, it is just a matter of time before an incident happens in your customer base, if it has not happened already. NCOA estimates the cost of elder financial abuse to older Americans up to $36.5 NCOA estimates the cost of elder financial abuse to older Americans up to $36.5 billion annually.

Fraud 284

Fraud Study United States Training 284

Gonzobanker

DECEMBER 22, 2020

Bankers started the year with good business plans, strong balance sheets, and optimism. Banks and credit unions had to fundamentally change their delivery, support and relationship management models at scopes and speeds that were unheard of. Even George Bailey would have given you the thumbs up. ” – Hunter Thompson.

Idaho 172

Idaho Community Industry Strategy 172

FluentBanking

APRIL 18, 2020

Banking diploma is a very common and recognized professional certification from The Institute of Bankers, Bangladesh (IBB). Though there are so many contradictions about this course, every banker wants to pass this certification. Today we are going to provide you a better insight into IBB, Bangladesh, and their banking diploma course.

Regulation 52

Regulation Case Study Security Management 52

FirstInternet

OCTOBER 28, 2020

Consequently, the more personal information you put online, the more vulnerable it is to cyberattacks. Don’t worry, protecting your financial and personal information is a top priority at First Internet Bank. So while we’re working hard to ensure your online security, you can help too! Start with a sentence. Even better.

social media 52

social media Online Capital Management 52

Jeff For Banks

MARCH 14, 2020

Sign up for my health plan's virtual doctor visit portal. Here is what my family is doing to reduce the risk of contracting or spreading coronavirus: 1. Washing hands with greater discipline for 20 seconds per wash. Which is difficult. I'm singing the "Baby Shark" song. Coughing and sneezing into our elbows. In case we need it.

ATM 78

ATM Policies US Management 78

Gonzobanker

SEPTEMBER 4, 2018

Customers love digital self-service—right up until they don’t, and then they want a live person. In our work with banks and credit unions around the country, an unavoidable truth comes up again and again: Even the flashiest digital strategy falls flat without the backing of a strong contact center. Phone menus dead-end.

Technology 115

Technology Resources Fraud Strategy 115

Independent Banker

FEBRUARY 24, 2016

Curry offers a brief update about a few current regulatory issues on his mind, including his agency’s concerns about signs of growing credit risk throughout the banking industry. IB: What steps should community bankers take to ensure their institutions are secure from cyberattacks? Comptroller of the Currency Thomas J.

Community Bank 70

Community Bank Community Regulation Compliance 70

PYMNTS

JULY 20, 2017

The British Bankers Association (BBA) reported 19.6 market, Atom Bank has been shaking up the traditional banking scene by offering banking services like a savings account and SME lending through its mobile platform. The digital-first approach appears to be resonating well with consumers. The trend is mirrored in the U.K. million U.K.

Digital Banking 128

Digital Banking Video Mobile Survey 128

Gonzobanker

JULY 28, 2014

Let’s just get this out of the way right up front: most bankers rank going through a formal system selection process right up there with a trip to the dentist. So, having dispensed with the pleasantries we’ll move right along and in the spirit of Kramer, just say “Giddy Up!”. Online Applications and Borrower Portal.

System 102

System Lending Data US 102

FICO

MAY 6, 2020

This is the story and timeline of a small banker’s experience with PPP loans. Greg Tyre is a small business banker who underwrites loans at The Piedmont Bank in Georgia and is an SBA-preferred lender. Lots of small business owners are calling Greg in a panic and asking how to manage their enterprise since cash flow has dwindled.

Community 52

Community Community Bank Lending System 52

Lex Sokolin

DECEMBER 16, 2020

You are just minding your own business being a start-up, thinking “how many more months of capital do I have until we are bankrupt.” The overall transaction process is fairly straightforward, and can be benchmarked to the book-building and underwriting that an investment banker does. Tis the season. That’s about $75 billion in hopium.

Fintech 52

Fintech Capital Company Data 52

Lex Sokolin

DECEMBER 16, 2020

You are just minding your own business being a start-up, thinking “how many more months of capital do I have until we are bankrupt.” The overall transaction process is fairly straightforward, and can be benchmarked to the book-building and underwriting that an investment banker does. Tis the season. That’s about $75 billion in hopium.

Fintech 52

Fintech Capital Company Data 52

Gonzobanker

DECEMBER 22, 2014

We are seeing it show up lots of places, it’s real and it’s great for this industry. Rise of the Analytics Organization in a Dog-Eat-Dog World – Brush off your resumes Gonzoanalysts, at our client roundtables we heard about analytics organizations being formed and analysts and managers being hired to head them.

Los Angeles 101

Los Angeles Apple Risk Management California 101

Gonzobanker

AUGUST 31, 2015

Bankers spend 75% of their time during the new customer/account process on the computer versus building relationships. Other examples include CIP requirements that go overboard like requiring a paper social security card or risk rating of consumer accounts in the branches. Manage regulatory concerns accordingly and don’'t over-react.

System 60

System Tools Cards User Experience 60

Jeff For Banks

DECEMBER 12, 2015

A banker told me yesterday that if I wanted headlines in American Banker , put FinTech in my copy. So far I'm up to five mentions. Aside from interest rate risk, vendor management is high on the list. If looking for a FinTech (seven) partner, follow your vendor management procedures. You know who you are.

Fintech 60

Fintech Capital Cards Bitcoin 60

PYMNTS

SEPTEMBER 23, 2016

As September is gearing up to go into its last week, the waning warm days of the summer season certainly went out with a bang — care of the largest data breach ever recorded. It’s also a pick-up for Lyft, which can now compete with Uber, which launched its own Instant Pay service with Go Bank earlier this year. Stripe’s Instant Pay.

Data 100

Data Retail Groups Payments 100

Gonzobanker

DECEMBER 19, 2017

Endless CRM and data management projects that shook our foundations and gutted our PMOs. For 35 years, Wilmers led M&T with creativity, integrity and the “old-school” wisdom of a community banker who created a $26 billion market cap company. Heavy core conversions weighing us down. FinTech threats and distractions. Payments chaos.

Conference 91

Conference Industry Community Bank Community 91

Gonzobanker

DECEMBER 22, 2015

Sure, we bought some December options on west Texas crude at $100 a barrel, but it was only with a third of the 401(k)—plenty of time to make that up, right? It’s hard for any banker to avoid gulping at the sheer long-term performance of George Gleason II and his team at the Bank of the Ozarks. ” – Tom Armstrong. That’s two.

Community Bank 60

Community Bank Apple Community Technology 60

CB Insights

OCTOBER 26, 2020

In the world of asset management, the biggest players are now dedicated firms like Vanguard. Total assets under management (AUM) at the top asset managers now dwarfs total AUM at the top banks. The disruption of asset management. As a result, banks are facing dropping IPO profits. Some banks have collapsed.

Management 78

Management Capital Company Marketing 78

Independent Banker

OCTOBER 29, 2014

Big-brand megabanks, the Visa and MasterCard networks, and big-box merchants had signed up to become partners with Apple’s universal retail smartphone app that uses Near Field Communication and tokenization technologies. It’s become a familiar story, usually with a new splash. s entry into the payments business with Apple Pay.

Mobile 105

Mobile Community Bank Community Technology 105

PYMNTS

OCTOBER 30, 2017

” For fear of being shamed publicly, no one is willing to speak up and acknowledge that there’s no real “there-there” when it comes to its use as anything other than the currency of crime and speculation – even though deep down, they know that the emperor has no clothes. “Few people speak out. How right she was.

Bitcoin 128

Bitcoin cryptocurrency blockchain US 128

CB Insights

FEBRUARY 8, 2018

Yet at the same time, according to a survey by The International Securities Association, 55% of companies polled are monitoring, researching, or developing solutions on top of blockchain. Blockchain technology provides a cryptographically secure way of sending digital assets, without the need for trusted third parties — such as banks.

blockchain 78

blockchain Bitcoin cryptocurrency Security 78

CB Insights

NOVEMBER 9, 2017

Long-time Free-Space Optics (FSO) player AOptix has shut up shop and is selling off its assets at auction next week… the company is currently trying to shop around its intellectual property. For those who’ve been reading, we’ve had failure on the brain recently. Some of the fail-related research we’ve issued includes: The Downround Tracker.

Capital 78

Capital Company San Francisco Operations 78

Fintech Labs Insights

SEPTEMBER 1, 2015

So pick up your ticket while you still can and join the 1,500-person gathering in Manhattan September 16 & 17. Market segments include insurance, banks, telecom, utilities, and property management. BehavioSec enhances security without impacting the user experience. Auvenir is a smarter way to audit financial statements.

Company 12

Company Software Analytics Mobile 12