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5 Benefits of expanding in-house member business lending

Abrigo

With the National Credit Union Administration issuing its final member business lending (MBL) ruling as of January 2017, credit unions are seeing increased flexibility in their lending limits. Internal foundation for growth The new MBL rule creates a foundation for commercial lending practices and portfolio growth.

Lending 150
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‘New Year, New Me’ CX Edition

Gonzobanker

The multi-year CRM deployment is losing steam due to low adoption by the lending teams (“We already have a tool to manage pipeline”), and customer profiles are unreliable and a far cry from an aspirational 360-degree view. Designing goals and incentives that match engagement objectives.

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Small Business Banking Tests The Digital Identity Waters

PYMNTS

Knowledge-based authentication (KBA) tools, including passwords and security questions, tend to be the primary strategy for verifying identity, and this is true for areas of financial services beyond the consumer world. Yet, as small business financial management company Nav told PYMNTS in the Tracker, KBA still reigns supreme.

Strategy 124
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Does KBA Have A Place In Online SMB Credit Checks?

PYMNTS

That does not mean older verification methods are obsolete, however: Many companies still rely on knowledge-based authentication (KBA) methods like passwords or security questions, even in areas like business lending — where stringent verification is crucial.

Online 144
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Wake up: Your bank is not efficient

Gonzobanker

Progress made in the efficiency ratio has primarily been achieved by: greater interest income through lending activity; a near-zero cost of funds environment; and. The plain truth is that banking has too many high paid managers who would struggle to justify what they do productively with their 2,000 hours of work time per year.

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MBA Tech 2017: Blockchain, APIs and Robots, Oh My!

William Mills

Seth Wheeler, Managing Director at JPMorgan Chase, posed the question, “Do we build or do we partner?” Tony Garritano from Progress in Lending held an Innovations Awards event at the London House which showcased seven companies in the mortgage industry that are leading the way in compliance, eClosings, appraisals and information management.

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Banking on a Winner: Fostering innovation to compete in today’s financial environment

ZootBlog

In today’s environment, as banks manage increased regulation and competition from industry outsiders, they must operate in the same fashion. Not only are these banks expanding their base services but they are pulling in an innovative trainer versed in the latest technology advancements. They become students of the game. Everything.