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 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.”.

Lending 198

Lending Minneapolis Strategy Innovation 198

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.

Innovation 312

Innovation Seattle How To Payments 312

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.

Lending 91

Lending Community Bank Community Illinois 91

Bank Innovation

JUNE 28, 2019

As checkout loan startups like Affirm, Klarna and Bread garner funding and grow relationships with retailers, banks are putting up a formidable line of defense. Their pitch to retailers is their resources, data and brand recognition. Over the past two years, Providence, R.I.-based

Strategy 186

Strategy Lending Resources Retail 186

Bank Innovation

OCTOBER 3, 2019

It’s a strategy that’s yielding results for the bank. Digital-only lenders tout the speed and efficiency of their user experiences. However, for Bank of America, a “human-digital” approach is the cornerstone of its small business banking approach.

Strategy 253

Strategy America User Experience National 253

PYMNTS

JULY 7, 2020

It also opened the door for a boom of FinTech innovation and a flood of alternative lenders targeting the small- to medium-sized business (SMB) segment. “It comes in waves, there’s no doubt about it,” he said about the alt-lending boom. ” A Banking Pullback? The More Things Change.

Lending 171

Lending Industry Fintech UX 171

Bank Innovation

JANUARY 31, 2020

Aside from operations and strategy, one of the biggest reasons is limited funding or lack of timely cash flow. A staggering 90% of small- to medium-sized enterprises fail. This is no surprise given that 72% of SME loans are rejected; it takes three months for SME borrowers to get their cash; and still 52% of […].

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Lending Data Strategy Operations 332

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. Isabel was also instrumental in driving ING’s global sustainability strategy. Isabel was also instrumental in driving ING’s global sustainability strategy.

Lending 109

Lending Leadership Community Software 109

PYMNTS

JANUARY 7, 2021

When I look at FinTechs-versus-financial services, the reality is the competition that those two marketplaces generate actually generate innovative partnerships between themselves that create that bridge to progress," he said. In a statement, Satago CEO Sinead McHale pointed to the value of bank-FinTech collaboration for SMBs.

Strategy 196

Strategy Fintech California Community 196

Bank Innovation

JUNE 1, 2016

This is evident in the small business online lending space.

Lending 150

Lending Strategy Online 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.

Innovation 221

Innovation Seattle Fraud Technology 221

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.

Innovation 191

Innovation Lending Fintech Bitcoin 191

Bank Innovation

MAY 31, 2016

This is evident in the small business online lending space. An efficient and unique product distribution model is critical if you want to scale your business.

Lending 150

Lending Online Strategy Capital 150

Perficient

APRIL 20, 2023

blockchain​, digital wallets​, money center banks​, emerging payment solutions, digital lending​, economic turmoil​, and fintech disintermediation). They want to have meaningful relationships with technology partners who will bring innovative ideas and proven experience to the table.

Marketing 294

Marketing Marketing Strategies social media Strategy 294

PYMNTS

MARCH 12, 2019

Innovation has always been important for community banks, but the driving force of digitization over the last decade has greatly sped up the pace, said Kevin Tweddle, chief innovation officer for the Independent Community Bankers of America ( ICBA ). Innovating for Community Banks.

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Community Bank Community Innovation Fintech 205

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

South State Correspondent

MARCH 14, 2024

Focusing on the Right Aspects of Strategy If you look at the sensitivity in a bank’s budget, $1 of investment in a new line of business usually doesn’t break even for two to three years. $1 As a result, the strategy and strategic planning horizon of many banks is the same as their core system providers.

Innovation 195

Innovation Strategy Capital Comparison 195

BankInovation

MAY 19, 2022

SAN FRANCISCO — Digital transformation is trending in the lending community, but while many banks initiate the process “very few actually succeed,” Starling Bank founder and Chief Executive Anne Boden said Wednesday at FinovateSpring 2022. Everybody wants to transform, everybody wants to be a new, innovative, creative player,” Boden said.

San Francisco 98

San Francisco Strategy Lending Community 98

PYMNTS

SEPTEMBER 13, 2017

APIs invite innovative changes to banking. Traditional banks are seeing new FinTech players become more competitive on several fronts, including lending. And, while some established banks are investing to catch up with FinTech innovations, others are helping these startup companies disrupt the financial services industry.

Strategy 190

Strategy Report Lending Fintech 190

Bank Innovation

DECEMBER 19, 2019

Small business lending company OnDeck is expanding its ecosystem of products. In this episode of Fintech Unfiltered, which is sponsored by Blend, Bank Innovation sat down with OnDeck CEO […].

Community 360

Community Lending Innovation Digital Banking 360

Independent Banker

NOVEMBER 30, 2021

Here, a fraudster obtains a legitimate user’s details to take over their online accounts, enabling the theft of money or a credit card, according to Marianne Crowe, vice president in the Secure Payments Innovation and Research group at the Federal Reserve Bank of Boston. COVID-19 has spurred an increase in these remote authentication scams.

Fraud 160

Fraud Strategy Community Bank New York City 160

Bobsguide

JULY 7, 2022

Lake Mary, FL, US – June 30, 2022 – Finastra today unveiled its embedded consumer lending solution, enabling access to traditional regulated lending options for consumers at point-of-sale (POS). Finastra Embedded Consumer Lending product brochure. Finastra Banking as a Service: Outlook 2022 | Paving the way for embedded finance.

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Lending Seattle Regulation US 68

Bank Innovation

NOVEMBER 28, 2016

Adam Carson, managing director, global technology strategy & partnerships at JPMorgan Chase & Co., will participate in a fireside chat at Bank Innovation 2017. Bank Innovation 2017, March 6-7 in San Jose, Calif., will feature dozens of speakers on investing in innovation, chatbots, blockchain and more.

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San Jose Innovation blockchain Strategy 150

PYMNTS

NOVEMBER 17, 2019

Sterling Bancorp announced that it has launched its new Innovation Finance Group , and has tapped veteran technology bankers John Hoesley and Josh Roberts to lead it. Before joining Sterling, Hoesley was at CIBC Bank USA with Josh Roberts, where the two established the Innovation Banking group in 2014.

Groups 116

Groups Innovation Capital Leadership 116

Bank Innovation

JANUARY 24, 2017

Edward “EJ” Achtner, Bank of America‘s Head of Digital Banking – Strategy, Platforms, Innovation, and Partnerships, has joined the Bank Innovation 2017 speaker faculty. based bank.

Innovation 150

Innovation Charlotte America Digital Banking 150

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. However, to stay competitive in today’s fast-paced banking industry, CFIs must be willing to innovate processes to adapt.

Community 273

Community Lending Management Innovation 273

Bank Innovation

AUGUST 5, 2019

expansion strategy. based digital lender OakNorth is using its tech platform as the pillar of its U.S. The company, which has a U.K. banking license and is currently valued at $2.8

Lending 199

Lending Strategy Company Innovation Strategies 199

BankInovation

MAY 4, 2022

Automation, data management and compliance strategies were a focus of discussion last week at the Auto Finance Innovation and Auto Finance Risk Summits in San Diego. Chase Auto, Wells Fargo Auto and Mazda Financial Services plan to expand their automation efforts through new upgrades and investments.

San Diego 97

San Diego Conference Management Data 97

Bank Innovation

APRIL 20, 2020

Melissa Stevens, chief digital officer of the 160-year-old Fifth Third Bank, is using data to advance the bank’s innovation and customer service strategy, one that hinges on being a relationship-based bank.

Data 259

Data Strategy Innovation Customer Experience 259

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

JULY 30, 2019

Modern credit unions understand all too well that loyalty innovation is critical to staying in business, and that those that do not prioritize it risk losing a significant share of their members. Loyalty-based innovation is a top concern for many credit union (CU) members, as outlined in the latest Credit Union Innovation Playbook.

Innovation 108

Innovation Data Analytics Video 108

Bank Innovation

JANUARY 22, 2020

Chief Operating Officer Paul-Henri Ferrand told Bank Innovation that the company aims to add insurance, lending and treasury products. “We’re building our operating system around our real-time underwriting and our financial stack. We think we can […].

Lending 273

Lending Innovation Cards Operations 273

Bobsguide

MAY 25, 2018

The deluge of regulations to have hit financial markets since the banking crisis has without a doubt completely reshaped the industry. As well as the burdensome nature of reporting obligations as regulators have attempted to create more transparent markets, capital requirements have fundamentally.

Strategy 68

Strategy Lending Innovation Regulation 68

Bobsguide

MAY 10, 2018

The deluge of regulations to have hit financial markets since the banking crisis have without doubt completely reshaped the industry. As well as the burdensome nature of reporting obligations as regulators have attempted to create more transparent markets, capital requirements have fundamentally.

Strategy 68

Strategy Lending Innovation Regulation 68

Celent Banking

FEBRUARY 28, 2017

Lending Product — for the most impressive consumer or business lending or collections initiative. Open Banking — for the most impressive API strategy and results so far. Product Innovation — for demonstrating the ability to launch multiple innovative products.

Innovation 100

Innovation Lending Boston Trends 100

Celent Banking

FEBRUARY 28, 2017

Lending Product — for the most impressive consumer or business lending or collections initiative. Open Banking — for the most impressive API strategy and results so far. Product Innovation — for demonstrating the ability to launch multiple innovative products.

Innovation 100

Innovation Lending Boston Trends 100