Remove Knowledge Base Remove Lending Remove Operations Remove Technology
article thumbnail

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
article thumbnail

IdentityMind On The Need For FinTech Compliance Marketplaces

PYMNTS

The age of technology is, of course, well upon us, with Software-as-a-Service (SaaS) a key conduit to making sure that at least some business operations — once the province of spreadsheets and reams of paper — can be streamlined. The top of any FinTech’s to-do — and to-keep-doing — list.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. limited marginal operating expenses needed to do larger commercial and commercial real estate deals. Median assets per employee increased from $5.2 million to $6.1

article thumbnail

AI and generative AI use cases in banking: 6 real-world examples

Abrigo

WATCH Takeaway 1 Understanding generative AI and how peers are using AI and genAI helps financial institution leaders and management vet the technology and related risks. Nevertheless, understanding the technology is crucial. Even if a financial institution isn’t yet using the technology, it can learn from peers.

Examples 195
article thumbnail

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. To do this they must invest in knowledge and skill development. Banks need to decide if they can be nimble enough to compete on their own or if they should develop technology partnerships.

article thumbnail

FinovateSpring 2016 Live Blog – Day 2

William Mills

Demo: Sezzle app with knowledge based authentication to link bank accounts. Helping banks with customer retention by transforming data into knowledge about their customer’s engagement and key events on their journey. From Website: brandCrowder is a mobile, web-based “equity” crowdfunding platform. Plus the 1% rewards. ^KT.

Video 40