PYMNTS

SEPTEMBER 14, 2017

One of the key reasons for the complicated relationship – the term “frenemies” comes to mind – is that FinTech newcomers are demonstrating innovative approaches to traditional banking practices, including financial management services and money transfers, while older banks tend to be wedded to older systems. New tools for new FinTechs.

Innovation 191

Innovation Lending Fintech Bitcoin 191

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

Abrigo

FEBRUARY 13, 2020

Key Takeaways To better serve their community, as well as stay competitive in this fast-moving environment, savvy CFIs are carefully blending digital innovations with their hallmark relationship banking practices. Use customer relationship managers to elevate relationship banking. Learn more. Customize banking relationships at scale.

Community 273

Community Lending Management Innovation 273

PYMNTS

JANUARY 18, 2018

Regulation has undoubtedly acted as a catalyst to major financial services trends in areas like small business (SMB) lending, faster payments and, most recently, open banking and collaboration with FinTechs. According to the results, banks argue that innovation, not just regulation, is behind the wheel of progress. Optimism Up.

Regulation 156

Regulation Innovation Fintech Marketing 156

PYMNTS

NOVEMBER 17, 2020

It will also offer a full-service funding manager team so enterprise partners can offer users expertise. And on the flipside, lenders and service providers need data to innovate faster and deliver better offerings. Nav CEO Greg Ott said the embedded finance industry is thriving for good reason in the current economy.

Tools 167

Tools Capital Analysis Financial Technology 167

PYMNTS

NOVEMBER 28, 2018

The bigger picture, he said, is that the tool is a reflection of much bigger changes in the broader B2B payments ecosystem, not only in the payment rails that facilitate B2B payments, but in the way small businesses interact with the money they’re paid. “The biggest misconception of our customer base is they need to deposit money.”

Lending 168

Lending Payments Cards System 168

Bobsguide

MAY 18, 2022

CompatibL, a leading provider of risk management solutions and professional services for the financial industry, has been named the winner of the Best Risk Management Platform Award in the sixth annual FinTech Breakthrough Awards program for its innovative CompatibL Cloud Platform. About CompatibL Risk Cloud.

Fintech 147

Fintech Risk Management Analytics Software 147

Perficient

FEBRUARY 29, 2024

Banking institutions are responding by integrating advanced technologies, particularly artificial intelligence and data analytics, into their lending operations to enhance efficiency and adaptability. Explore and integrate alternative data sources and innovative scoring models to offer fairer assessments of creditworthiness.

Trends 221

Trends Industry Analytics Compliance 221

PYMNTS

MAY 8, 2018

Small businesses (SMBs) prefer not to seek funding to finance their innovative endeavors, according to new research from BMO Wealth Management , which suggests SMBs are missing out on opportunities to drive growth. 1 necessity for an entrepreneur’s innovative initiatives. A survey of more than 1,021 small businesses in the U.S.

Innovation 119

Innovation Survey Tools Management 119

PYMNTS

NOVEMBER 5, 2019

Such tools are being used to automate the development of risk profiles, identity verification and data analysis — areas that are key to ensuring quick and secure verification before funds are disbursed. Instant Payment Challenges In Online Lending. The Digital Lending Approach And Real-Time Payments.

Lending 102

Lending Payments Security Fintech 102

PYMNTS

SEPTEMBER 19, 2017

The biggest opportunities exist in transaction banking and commercial lending, Finastra said, but there is also a real opportunity in working with FinTechs (and the tech they offer) to help banks land a larger slice of the combined $915 billion in revenues FIs are expected to see at the end of the decade.

Innovation 108

Innovation Survey blockchain Lending 108

Abrigo

JUNE 9, 2020

Furthermore, adopting technology has allowed banks to grow safely and soundly, with innovations that make the loan portfolio more defensible. Financial institutions should look to technologies that allow for the automation of manual data entry to mitigate risk and allow the institution to grow safely. Learn more.

Technology 195

Technology Lending Compliance Data 195

PYMNTS

JUNE 4, 2019

Biz2Credit, the online lending platform that helps banks and other financial institutions manage small and medium-sized business (SMB) lending processes, announced Tuesday (June 4) that it raised $52 million in venture funding. In a press release , Biz2Credit said the Series B funding round was led by WestBridge Capital.

Lending 122

Lending Risk Management Analytics Leadership 122

PYMNTS

AUGUST 31, 2017

The merchant cash advance tool is available to the current 24,000 users of ShopKeep’s POS services. ShopKeep’s mission has been to innovatively support the growth of the independent businesses we serve while making the lives of their owners and staff easier,” DeSimone continued. On Wednesday (Aug.

Lending 113

Lending Marketing Capital Tools 113

PYMNTS

JULY 22, 2016

It feels like 2014 again with the ongoing popularity of alternative lending startups. Earlier this week, reports emerged that some alternative lending and industry professionals are beginning to heighten their anxieties about incoming regulation, particularly as some ponder whether the U.S. Alternative Lending. MarketInvoice.

Lending 100

Lending Regulation Big Data Risk Management 100

PYMNTS

MARCH 30, 2017

Alternative lending was supposed to be the way SMEs broke through banking barriers to gain access to capital, enabling them to boost growth opportunities, investment options, commercialization of innovations and employment. This is not entirely unusual, as alternative lending is still a relatively new and growing category.

Lending 100

Lending Capital Operations Software 100

Insights on Business

OCTOBER 3, 2018

IBM RegTech Innovations. Innovations like pervasive encryption and secure service containers extend IBM Z leadership in cybersecurity, which is why it runs IBM’s blockchain network. Advances in artificial intelligence (AI), blockchain, and cybersecurity are poised to transform the financial services industries.

Industry 155

Industry Innovation blockchain Compliance 155

PYMNTS

JANUARY 14, 2020

In fact, PYMNTS research indicates that consumers are not only increasingly comfortable using smartphones as financial management tools, but they seem to regard them as indispensable for this purpose. This is especially the case for younger generations.

Innovation 160

Innovation Payments Millennials Cards 160

Bank Innovation

APRIL 9, 2020

Challenger banks are finding their educational and budgeting tools increasingly relevant as the novel coronavirus rattles the economy.? We push money management tools people can […].

Fintech 259

Fintech Tools Management Customer Experience 259

Bank Innovation

MAY 16, 2019

KOHO, with its millennial friendly aesthetic and messaging, currently offers its users debit cards, personal finance management tools and cashback features. CEO and co-founder Daniel Eberhard told Bank Innovation the new funding […].

Millennials 186

Millennials Digital Banking Tools Innovation 186

Bank Innovation

APRIL 11, 2016

A few weeks ago Yodlee partnered with Vanguard to practice wealth management. The tool Read More. Now the firm’s palette is expanding yet again, to leverage its data to help FIs provide loans to the underbanked.

Data 150

Data Lending Tools Management 150

Perficient

AUGUST 26, 2020

For instance, businesses that sell complicated healthcare products such as hospital beds or surgical tools have had to transition to an online sales process as opposed to in-person pitches within a facility. Still, we do know that taking these innovative, alternative digital routes allows businesses to thrive during a global pandemic.

How To 420

How To Customer Experience Online Analytics 420

Abrigo

DECEMBER 5, 2023

Financial services experience: Practical experience in the banking or financial sector, especially in compliance, risk management, or auditing roles, is invaluable for a BSA Officer. If the BSA Officer is a higher level and a “big picture” leader, process managers must naturally be analytical and confident to fill this necessary skill set.

Training 221

Training Compliance Regulation Software 221

PYMNTS

APRIL 30, 2020

Cloud banking platform Mambu will help business banking platform Tide expand its services , including innovations in releasing larger overdrafts, credit cards and invoice financing, according to a press release from Mambu. Tide especially wants to use the partnership to focus on bolstering small and medium-sided businesses (SMBs) in the U.K.

Cards 141

Cards Comparison Lending Tools 141

PYMNTS

MARCH 23, 2020

. “Increasingly, many lenders have been starting to focus on [SMBs] and lending to [SMBs],” said Gabriele Sabato, who holds a doctorate in finance and is CEO and co-founder of SMB loan underwriting firm Wiserfunding , in a recent interview with PYMNTS. SMBs are notoriously difficult to underwrite. Expanding The Data Scope.

Lending 188

Lending Data Analysis Tools 188

PYMNTS

JULY 29, 2019

This means CUs must be carefully attuned to member’s financial needs and the innovations they want most as CUs invest in new products and services aimed at improving the way members engage with their FIs. In many cases, it also requires partnering with emerging FinTechs that are able to quickly deliver the innovations members want most.

Pennsylvania 173

Pennsylvania Analytics Maryland Innovation 173

PYMNTS

JANUARY 2, 2019

The company will offer crowdfunding and lending as it tries to distance itself from a year of scandals, including the murder of two female passengers. The services include wealth management tools, credit, lending and crowdfunding for serious illnesses.

Lending 183

Lending Leadership Apple America 183

PYMNTS

OCTOBER 1, 2020

Many businesses are weighed down by antiquated, paper-intensive payment processes, even as one-touch digital payment tools have proliferated for consumers. Governments around the world have established lending programs aimed at supporting small- to medium-sized businesses (SMBs) during the pandemic. Around The BaaS World.

Payments 169

Payments Fintech Trends United States 169

Bank Innovation

APRIL 27, 2017

SAN JOSE, Calif. — One of the major themes in the first day of Finovate Spring (aside from perennial favorite authentication) was customer engagement — having better discussions with customers in a digital environment in order to deliver more relevant products and services.

San Jose 239

San Jose Tools social media Operations 239

PYMNTS

JANUARY 7, 2021

In a recent panel discussion with Karen Webster, Wells Fargo Head of Global Product Management Judd Holroyde said he anticipates 2021 to further fuel the bank-FinTech collaborative spirit. In addition to business accounts, Anytime provides SMBs with expense management, payment solutions, invoicing and cash flow management tools.

Strategy 196

Strategy Fintech California Community 196

Accenture

JUNE 5, 2019

Late 19th century American farmers, threatened by industrialisation, had to use new tools and techniques to innovate and survive. Carver was certainly an innovator, having reputedly discovered three hundred uses for peanuts and hundreds more for soybeans, pecans and sweet potatoes. 1 CreditEnable.

Trends 172

Trends social media Innovation Technology 172

PYMNTS

MAY 10, 2016

A new whitepaper by Siemens Financial Services examined how today’s manufacturing CFOs are tackling the Fourth Industrial Revolution and the financial tools they’re turning to in this interconnected, digital economy. Siemens refers to this emerging strategy of the CFO as intelligent financial management. Smart Finance .

Industry 100

Industry Management Survey Resources 100

PYMNTS

AUGUST 3, 2017

Pivotal Payments unit GlobalOnePay is partnering with InvoiceASAP to lend invoice-to-pay solutions to joint clients. The companies’ partnership also streamlines and accelerates merchant on-boarding to these tools, the firms said. The offering is geared towards small- and medium-sized businesses (SMBs). and Canadian businesses.

Cards 101

Cards Payments Tools America 101

Bank Innovation

MAY 31, 2016

Fidelity Investments is launching its digital wealth management tool, a.k.a. robo-adviser, later this summer, a company spokesman told Bank Innovation today. The new product, Fidelity Go, has been in customer pilot for the past two months, and, based on customer feedback, will be ready to go live soon.

Tools 150

Tools Innovation Management Company 150

Independent Banker

OCTOBER 1, 2022

Clear Mountain Bank is embracing flexibility, innovation and collaboration as it continues its ascent as a small-business connector in West Virginia. Consider, for example, its commercial lending approach. We’ve got different tools in our toolbox that we can use to help the borrower get the financing they need.”. Quick Stat.

West Virginia 91

West Virginia Virginia Community Bank Community 91

PYMNTS

MARCH 8, 2019

Signing up for a new financial product or service needs to remain as convenient and secure as possible if third-party providers want to gain the trust and loyalty of modern consumers, said Didier Baclin, chief innovation officer of U.K.-based based P2P loan provider Zopa , in a recent interview with PYMNTS. company, TrueLayer.

Lending 135

Lending Data Security Regulation 135

PYMNTS

AUGUST 30, 2020

CheckAlt , which provides treasury management and item processing, is partnering with OmniConnect, NXTsoft 's secure connectivity solution, to allow for faster real-time integrations, a press release says. CheckAlt also recently partnered with credit union service organization (CUSO) Tru Treasury to provide growth services for credit unions.

Payments 273

Payments Trends Tools Digital Banking 273