Independent Banker

AUGUST 31, 2022

This presents an opportunity to apply advances achieved in other lending areas, especially commercial lending, to transform ag lending. Innovations like these, applied to the farming industry, can accelerate the lending process for farmers, saving them time and money. The demand is evident.

Innovation 144

Innovation Community Bank Community Lending 144

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.

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Lending Community Bank Community Analysis 195

Bank Innovation

DECEMBER 29, 2019

Rick Winslow, chief experience officer at small business lending company Kabbage, will join Bank Innovation Ignite this March 2-3 in Seattle as panelist for a session entitled “The future of banking customer experience.” The discussion will dive into new products and services that can help improve customers’ digital journeys.

Innovation 259

Innovation Seattle Customer Experience Lending 259

Bank Innovation

MARCH 15, 2017

The also caught up with Christoph Reiche, CEO of iwoca about the effects of Brexit on the lending space for small business through the EU, and what kinds of data are proving useful […]. For this episode, Breaking Banks talked to Brock Blake, CEO of Lendio about their new “franchising” model to expand their reach in the US.

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Lending Innovation US Data 186

Bank Innovation

JUNE 8, 2017

Turns out, Amazon’s lesser known operation – small business lending – is also powered by machine learning, Bank Innovation has learned. […]. The e-commerce giant has (arguably) the most sophisticated ML toolset around that is uses for drone deliveries, online tailors, or its AWS offering.

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Lending Tools Operations Innovation 373

Bank Innovation

MAY 22, 2018

There are quite a few lending solutions these days for small businesses -- Funding Circle, OnDeck, Kabbage, and Square Capital, to name a just a few -- but innovation and digitization are lagging in other areas, such as digital account opening. Enter Gro Solutions, a sales and marketing platform for financial institutions.

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Innovation Atlanta Capital Lending 316

PYMNTS

NOVEMBER 10, 2020

It’s here now and being used to make good banks better — whether to eliminate discrimination in lending decisions, add stability to existing screening systems or drive loan growth and profits. The rest will go toward developing partnerships with governments and regulators “to raise the bar” when it comes to modern, unbiased lending.

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Lending Software Compliance System 345

PYMNTS

AUGUST 14, 2020

China’s peer-to-peer (P2P) lending sector, once 6,000 businesses strong, has been reduced to fewer than three dozen as the government tightened regulations, leaving billions in loans unpaid. While P2P platforms were touted as an innovative way to match savers with small borrowers, the marketplace has had troubles globally.

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Lending Regulation Industry Fraud 315

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. What's just as important is to ensure that lending technology is flexible.

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Lending Technology Capital Meeting 289

Bank Innovation

FEBRUARY 27, 2020

An update to Square’s credit risk model for its Square Capital commercial lending product — first disclosed yesterday — was “a key driver of Capital’s outperformance in the fourth quarter,” the company said. The advancement of Capital is key for Square as it continues to grow the fast-growing — and lucrative — lending product.

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Lending Capital Company Innovation Strategies 284

PYMNTS

SEPTEMBER 18, 2018

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. But a standstill in the credit markets created a vacuum for a bit, at least along traditional lending conduits. Necessity is the mother of invention.

Lending 148

Lending Innovation Fintech Cards 148

Bank Innovation

FEBRUARY 24, 2020

Arthur Levy, vice president of business development at Brex, is attending Bank Innovation Ignite in Seattle, which takes place from March 2-3. He is speaking on a panel titled “How to make SME banking innovation work,” which will focus on small business products, payments and underwriting.

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Innovation Seattle How To Payments 312

Bank Innovation

NOVEMBER 3, 2017

EXCLUSIVE–How should financial services build the future of digital lending? Focusing on the simple things is a good start, said John C. Schleck, senior vice president, centralized and online sales for Bank of America.

America 207

America Lending Innovation Online 207

Bank Innovation

JUNE 27, 2016

Some of the shine seems to have come off fintech innovation in 2016. Startup valuations are dropping; once abundant venture capital is growing scarcer; marketplace lending has gotten bruised — even the self-proclaimed capital of fintech, London, faces an uncertain future with Brexit. Read More.

Innovation 285

Innovation Lending Capital Fintech 285

Bank Innovation

JANUARY 7, 2019

Automation is the theme that best describes Chesapeake Bank’s innovation roadmap for 2019, Kevin Wood, managing director of the state-chartered community bank’s business lending division, Cash Flow, told Bank Innovation. “One

Innovation Strategies 186

Innovation Strategies Innovation Strategy Maine 186

The Financial Brand

APRIL 3, 2024

This article Inside Capital One’s Auto Lending Innovation Machine appeared first on The Financial Brand. This article Inside Capital One’s Auto Lending Innovation Machine appeared first on The Financial Brand.

Capital 20

Capital Lending Innovation Branding 20

Bank Innovation

AUGUST 15, 2018

Large banks, e-commerce moguls like Amazon and eBay and tech firms are likely to enter the alternative lending space, and soon, according to Eden Amirav, co-founder, and CEO of startup LendingExpress. National Australia Bank set up its own alternative lending arm called QuickBiz Loans back in 2016. Over the […].

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Lending National Marketing social media 282

Bank Innovation

AUGUST 8, 2017

Better originations, better sales, more revenue: wow, did Lending Club just report a positive quarter? With the results reported on its earnings call yesterday, it certainly seems as though the marketplace lender has turned back toward growth.

Lending 318

Lending Report Company Online 318

Bank Innovation

FEBRUARY 15, 2017

This bank created an innovation lab, and that bank is launching a fintech team. But this other bank just started a blockchain focus group, and everyone else is investing in tech. Gone are the days when banks could afford to be “conservative” with new product launches and tech projects, which Read More.

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Innovation blockchain Groups Fintech 317

Bank Innovation

MARCH 19, 2019

Alternative underwriting software provider ZestFinance today launched an AI-based tool it claims will dramatically reduce bias in lending.

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Tools Lending Google Software 210

Bank Innovation

JUNE 25, 2018

Marcus, the consumer lending arm for Goldman Sachs, wants to become the one-stop shop for many of your financial matters, except for one: credit cards — at least for now. “Our fundamental thinking on the credit card space is that there is a lot of innovation that is required. It is true that the industry has a […].

Lending 199

Lending Cards Innovation Industry 199

Bank Innovation

MARCH 27, 2018

More startups should launch in the “niche” areas of banking that incumbent institutions have started avoiding, Ohad Samet, co-founder and chief executive officer for TrueAccord, told attendees of the 2018 Bank Innovation conference.

Lending 239

Lending Video Conference Innovation 239

PYMNTS

SEPTEMBER 23, 2020

Our collaboration with Ally Lending enhances our customer financing offerings, making it possible for consumers to better manage their finances," said Charlie Youakim , executive chairman and CEO of Sezzle, in a press release. Ally's dedication to its customers and commitment to innovation aligns with our own vision and culture.”.

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Lending Minneapolis Strategy Innovation 198

Bank Innovation

NOVEMBER 29, 2018

will speak at Bank Innovation Ignite in Seattle in March 2019 on Building the Future of Banking. Building banks of the future is something O’Malley, a self-proclaimed “data nerd” whose company makes a real-time business lending and growth automation platform for banks, knows quite well. His platform […].

Innovation 170

Innovation Seattle Lending Data 170

Independent Banker

OCTOBER 31, 2022

Digital lending capabilities are quickly becoming table stakes, particularly when it comes to small business lending. However, banks should first consider their customers’ needs and the infrastructure and features needed in a lending platform before adopting a new digital strategy. Benefits of digital lending.

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Lending Community Bank Community Illinois 91

PYMNTS

JANUARY 17, 2021

With the facility, Figure will work on fueling mortgage lending growth, which shot up nearly 50 percent month over month in the fourth quarter. Morgan will help us continue to innovate in the lending space,” said Mike Cagney , CEO and co-founder of Figure, according to the release. “We This facility with J.P.

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Lending blockchain National Payments 199

PYMNTS

DECEMBER 11, 2020

According to Kris Puskar , senior vice president and business banking sales and innovation director at Eastern Bank , the current climate has forced both small businesses and their banks to shift their mindsets away from historical data and take a closer look at what's happening today in order to best prepare for tomorrow.

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Lending Capital Resources Taxes 233

Bank Innovation

MAY 6, 2016

That’s what the industry needs: competing marketplace lending associations. Today, the three big names in marketplace lending (for now — more on that below) that were not in the just-launched Marketplace Lending Association have formed the Innovative Lending Platform Association.

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Lending Innovation Industry Capital 150

Bank Innovation

JANUARY 23, 2020

Bank Innovation has hand-selected 10 companies to participate in its DEMOvation Challenge at Bank Innovation Ignite, which runs from March 2-3 in Seattle. The companies focus on a variety of use cases including customer acquisition, loan underwriting technology, conversational AI, fraud prevention, and other digital capabilities.

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Innovation Seattle Fraud Technology 221

Bank Innovation

FEBRUARY 29, 2016

In a sign of the times in consumer lending, Auto Finance News today announced the launch of Auto Finance Innovation 2016, a new industry forum to explore the fintech revolution and how it is reshaping automotive lending and leasing.

Innovation 150

Innovation Lending Fintech Industry 150

PYMNTS

DECEMBER 9, 2020

What makes the current developments so interesting and exciting is that “we're just seeing that they're at the end of the innovation growth cycle,” he explained. All of these new FinTechs and digital innovators are changing the landscape as the role of payments rapidly shifts in the broader financial services arena.

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Innovation Fintech Payments Regulation 306

Bank Innovation

OCTOBER 18, 2018

The lending market is going through some major, rapid changes, and it’s more exciting than ever for consumers looking for attractive deals on their loans. At the same time, lenders themselves have an easier time managing the huge volume of customers they have to work with, along with all the data they generate on a […].

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Lending Fintech Data Management 244

PYMNTS

JUNE 6, 2019

When it comes to small business (SMB) lending, the top two contenders for business owners are banks and alternative financiers or online marketplaces. The SBA and NCUA collaboration is a three-year agreement that aims to build upon that momentum, and heighten CUs’ share of the SMB lending market. Credit Unions In Growth Mode.

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Lending Analytics Data Security 129