Abrigo

JUNE 9, 2020

Technology has enabled financial institutions to operate more quickly and efficiently, creating a better experience for customers. Eliminating manual data entry, and, thus, data entry errors, is key to efficient and compliant lending. Compliance is at the center of the lending process at financial institutions. Learn more.

Technology 195

Technology Lending Compliance Data 195

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. De Vere said part of the proceeds will fund a technology push to further develop software and make it more broadly available.

Lending 345

Lending Software Compliance System 345

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.

Lending 373

Lending Tools Operations Innovation 373

BankInovation

DECEMBER 27, 2022

Technological innovation has taken the auto industry by storm since the start of the COVID-19 pandemic by automating lending operations and addressing consumer pain points in the car-buying process to improve the end-to-end purchasing experience.

Innovation 52

Innovation Technology Lending Operations 52

Bank Innovation

MARCH 30, 2018

Banks need to update their legacy systems and modernize their technology, no surprise there. But just how many operational leaders at banks think their institution’s survival depends on it? That would be 79% of operations leaders in North America banks, according to a recent report by Accenture. That’s four out of five banks.

Technology 236

Technology Innovation America Operations 236

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

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

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 26

Capital Lending Innovation Branding 26

Bank Innovation

NOVEMBER 29, 2018

Dan O’Malley, CEO of Numerated Growth Technologies, Inc., will speak at Bank Innovation Ignite in Seattle in March 2019 on Building the Future of Banking.

Innovation 170

Innovation Seattle Lending Data 170

Bank Innovation

OCTOBER 17, 2017

EXCLUSIVE–Future banking innovations aren’t going to depend on what technology financial institutions are using, but on what data is underlying that technology, according to Dave McKay, president and CEO for the Royal Bank of Canada.

Technology 310

Technology Data Innovation Lending 310

PYMNTS

JANUARY 17, 2021

Figure Technologies , which works in blockchain-based finance tech transformations, has worked with J.P. With the facility, Figure will work on fueling mortgage lending growth, which shot up nearly 50 percent month over month in the fourth quarter. billion, in partnership with numerous banks and facilities, including Jefferies.

Lending 199

Lending blockchain National Payments 199

Abrigo

OCTOBER 17, 2023

Supervisory priorities Banking examiners to focus on managing change As banks and credit unions face an ever-evolving landscape that requires adaptability and innovation, they would be wise to take stock of their change management processes. This article describes recent comments by financial regulators about managing change.

Management 195

Management Lending Risk Management Strategy 195

Bank Innovation

JUNE 21, 2018

PREMIUM – Every year Bank Innovation assembles a list of 44 innovators that caught our attention in digital banking and fintech. These are the people Bank Innovation believes to be this year’s movers and shakers in the industry, paving the way with forward-thinking technologies and ideas.

Innovation 321

Innovation Digital Banking Fintech Industry 321

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

CFPB Monitor

AUGUST 1, 2022

On July 18, the Federal Housing Finance Agency (“FHFA”) announced the launch of a new Office of Financial Technology with the goal of advancing effective risk management as it evaluates fintech developments in the housing finance space.

Financial Technology 78

Financial Technology Technology Fintech Compliance 78

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

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. Finastra is building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses and communities.

Lending 109

Lending Leadership Community Software 109

Bank Innovation

OCTOBER 28, 2019

LAS VEGAS — Bank of Oklahoma has adopted Blend’s digital lending platform, the fintech announced at the 2019 Auto Finance Summit. Blend’s technology uses verified data to eliminate steps and the passing around of documents,” said Olivia […].

Las Vegas 170

Las Vegas Lending Oklahoma Fintech 170

Bank Innovation

JULY 16, 2018

Bank of America will invest about $75 million per quarter in technology from now through the rest of 2019, the bank reported in its earnings call today.

America 247

America Technology Innovation Report 247

PYMNTS

OCTOBER 8, 2020

Berlin's Mambu is partnering with New Zealand digital lending platform Ranqx , which will use Mambu's API-first digital banking platform to provide digital lending experiences, loan origination, decisioning and monitoring for small- to medium-sized businesses (SMBs), according to a press release.

Lending 141

Lending Customer Experience Digital Banking Innovation 141

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.

Innovation 317

Innovation blockchain Groups Fintech 317

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.

Lending 129

Lending Analytics Data Security 129

Abrigo

SEPTEMBER 9, 2019

The same is true of financial institutions when they consider technology investments to transform their lending and credit operations. Weaknesses of the current technology and processes are clear during peak operating loads, showing up as backlogs and longer waits for customer decisions. Book the right loans at the right price.

Technology 150

Technology Lending Software Customer Experience 150

PYMNTS

OCTOBER 7, 2020

Smaller companies were the focus of innovation in the commercial card space this week thanks to new cards designed for small and medium-sized businesses (SMBs). This week’s commercial card innovation tracker includes the launch of business cards by American Express and Amazon in addition to one by Wyndham Hotel & Resorts and Barclays.

Cards 248

Cards Innovation United States Branding 248

PYMNTS

JANUARY 6, 2020

Australia challenger bank Judo Bank has announced a collaboration with credit management Software-as-a-Service (SaaS) provider InfraRisk to bolster its small business lending operations. 5) said InfraRisk will integrate its cloud-based Credit Value Maximiser (CVX) technology into Judo’s infrastructure.

Lending 131

Lending Analytics Compliance Fintech 131

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

JUNE 8, 2018

What is the state of banking innovation today? Bitcoin mania has died down in the fintech world, and the conversation has shifted to technologies like voice banking, payments, and alternative credit scoring. This year, the pressure for banks to innovate is high, as banks no longer […].

Innovation 220

Innovation Bitcoin Fintech Industry 220

Bank Innovation

JANUARY 22, 2019

IBM, one of the world’s largest technology companies, has agreed to sponsor Bank Innovation Ignite, which explores new ideas and technologies needed to push banking forward. Bank Innovation Ignite, March 11-12 in Seattle, offers high-level discussions and networking around the future of what’s next in banking.

Innovation 170

Innovation Seattle Fintech Technology 170

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

Bank Innovation

FEBRUARY 19, 2019

The 12 startups demoing to try to win the “best in show” award at Bank Innovation Ignite have been unveiled. Community Capital Technologies, Denizen Financial, Diro Inc., The startups are:[link] Avocado Payments, Budgit Inc., Exagens Corp., Fintel Labs, iGTB, JUDI.AI, KapitalWise, OpenDoor Securities, and Operant.AI

Innovation 240

Innovation Community Capital Fintech 240

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 […].

Lending 244

Lending Fintech Data Management 244

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

MARCH 23, 2020

Financial-technology firms including PayPal Holdings Inc. are lining up to help speed lending to small businesses during the coronavirus crisis — and are pushing for a slice of emergency U.S. Industry group Financial Innovation Now urged Congress in a letter to provide capital to online lenders including PayPal and Square Inc.,

US 259

US Fintech Lending Capital 259

Bank Innovation

FEBRUARY 14, 2019

Despite predictions of a bleak economy and decreasing investment spending from businesses, banks will not be cutting down their technology spend in 2019, according to Kurt Spieler, Chief Investment Officer at First National Bank of Omaha.

Omaha 186

Omaha Technology National Innovation 186

Bank Innovation

JULY 19, 2018

Digital lending is becoming an important business even for smaller community banks. Larger banks, which have the resources to build their own technology or buy a fintech provider (KeyBank acquired Bolstr; JPMorgan Chase acquired WePay).

Lending 186

Lending Community Bank Resources Community 186