Independent Banker

JANUARY 31, 2022

A recent report by Cornerstone Advisors found that bankers are either strongly interested in or already working with fintechs in three main areas: digital account opening (71%), mobile wallets (41%) and fraud/risk management (47%). Fraud and risk management. Elizabeth Judd is a writer in Virginia. Digital account opening.

Community Bank 159

Community Bank Community Fintech Risk Management 159

FICO

DECEMBER 4, 2020

The FICO® Score 10 Suite outperforms all previous FICO Scores, giving lenders unparalleled predictive power to make more precise lending decisions. These in-depth insights can help lenders expertly manage credit risk in these uncertain times, while continuing to make competitive credit offers to consumers. .

Virginia 52

Virginia Trends Lending Data 52

PYMNTS

JULY 20, 2018

million with B2B startups this past week, and while investment targets were diverse (including B2B eCommerce and small business lending), the bulk of the funding landed at companies focused on enhancing businesses’ ability to assess their performance. Business managers, meanwhile, are provided a dashboard to manage access to buildings.

Analytics 105

Analytics Capital Tools California 105

Jeff For Banks

NOVEMBER 24, 2019

September 1st, 1999, regulators from the Federal Deposit Insurance Corp, at the behest of the Office of the Comptroller of the Currency, descended on a small coal mining town in Keystone, West Virginia. Harassment included a bellicose management team, scowls from the townspeople, and threatening sidewalk art outside of the bank.

National 78

National West Virginia Virginia Pennsylvania 78

CB Insights

NOVEMBER 6, 2019

Collectively, these startups have raised over $9.5B, with leading companies including lending startup Avant (Illinois, $655M in total disclosed equity funding), next-gen auto insurer Root Insurance (Ohio, $509M), restaurant finances management system Toast (Massachusetts, $503M), and small business lending startup Kabbage (Georgia, $490M).

United States 72

United States Fintech North Carolina Rhode Island 72

Independent Banker

SEPTEMBER 25, 2014

As David Barr, spokesperson for the FDIC, points out, “a vast majority of community banks remain well-rated and exhibit satisfactory corporate governance programs and compliance management systems.”. Implicit in managing operational risk is for banks to continue to maintain adequate capital and a solid balance sheet, he says.

Compliance 101

Compliance Regulation Community Bank Community 101

Independent Banker

NOVEMBER 25, 2015

Meanwhile new competitors regularly emerge, including person-to-person facilitators such as digital wallet provider Venmo, crowd-funding loan provider Lending Club and real-time cryptocurrency settlement company Ripple. Consider the 80 million millennials who would rather manage their finances with a smartphone app than visit a bank branch.

Community Bank 70

Community Bank Community Analytics Lending 70

American Banker

OCTOBER 24, 2016

billion-asset bank in northern Virginia with strong mortgage originations and a growing wealth management business. The acquisition of Middleburg Financial would create a nearly $2.5 It would provide an endgame for Middleburg while also making Access more appealing to potential buyers.

Virginia 28

Virginia National Management Community Bank 28

Jeff For Banks

MARCH 20, 2016

billion in asset Union Bank & Trust in Virginia had $1.1 How good is their system compared to FICO, or other FinTechs that feel they are more evolved in credit risk management? Similarly, SBA guarantees reduce risk for small business lending. billion in equity capital since its founding in 2011. We don't know.

Virginia 60

Virginia Risk Management Capital Comparison 60

Gonzobanker

DECEMBER 17, 2021

million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. Congrats to Randy and a great management team. Goes to Larry Mazza and the crew at MVB Bank in West Virginia. GonzoBanker of the Year – Credit Union.

Fintech 143

Fintech Strategy Leadership Lending 143

Independent Banker

JULY 28, 2016

Establishing a comprehensive Compliance Management System. The demands of managing regulatory compliance are uncontested, and depending on the disposition of the participants inside and outside of the bank, compliance management exists with varying degrees of problems and adversity. By Mary Thorson Wright.

Compliance 70

Compliance Training Community Bank Regulation 70

Fintech Labs Insights

MARCH 22, 2016

million for its P2P lending platform for small businesses. Alt-lender focused on lending against existing automobile titles. P2P real estate lending marketplace. Peer-to-peer lending marketplace. Tags: Consumers, youth market, lending, loans, credit, underwriting. SmartAsset raised $3.8 Qumram raised $2.5

Company 12

Company New York City Fintech Colorado 12

CB Insights

APRIL 17, 2018

After 4 years with the company, Brian joined Google as a Software Engineer and inevitably rose to become an Engineering Manager. Jeff began his post-graduate career as a Management Consultant with The Boston Consulting Group. Shortly after, he joined eBay as Senior Vice President and General Manager. JEFF JORDAN.

San Francisco 71

San Francisco CA Capital Operations 71

Independent Banker

MARCH 15, 2015

Thoughtful lending and an open mind keep profits strong for incoming ICBA chairman Jack Hartings. in Coldwater, Ohio, and ICBA’s incoming chairman, held fast to his community bank’s conservative lending practices. To combat the decline in the bank’s loan-to-deposit ratio, Hartings actively sought out new opportunities in lending.

Ohio 70

Ohio Community Bank Community Lending 70

Fintech Labs Insights

AUGUST 20, 2015

Alt-consumer lending. Peer-to-peer lending marketplace for small businesses. Mobile investment research & management tool. Microfinance management for the institution. Tags: Credit, P2P, lending, underwriting, investing, SMB. Total raised: $1.75 billion (at least $400 million is debt). HQ: Chicago, Illinois.

San Francisco 12

San Francisco Company Fintech California 12

Fintech Labs Insights

JANUARY 18, 2016

Four Finovate alums made up 40% of the weekly total: Taulia raised $46 million for its financial supply-chain management system. Financial supply chain management. Derivative risk management. Online consumer lending. App Annie garnered $63 million for its mobile analytics and development tools. Total raised: $69 million.

Company 12

Company New York City Fintech San Francisco 12

Fintech Labs Insights

JANUARY 13, 2016

Lendful Financial. Consumer receipt manager. Consumer lending software for financial institutions. Tags: Consumer, credit, lending, loans, underwriting, enterprise, Finovate alum. Total raised: $319.7 million ($44.7 million Equity, $275 million Debt). HQ: New York City. Source: Crunchbase. Latest round: $100 million Debt.

Company 12

Company New York City Fintech Lending 12

Independent Banker

NOVEMBER 13, 2014

Pulse is an excellent way to keep abreast with topics of interest to the bank and individual, whether operations, lending or business development. Featured General Highlighting Marketing & Sales Operations & Management Social Media Matters' IB: What can you get in LinkedIn that you can’t get from Facebook or Twitter?

Virginia 70

Virginia social media Community Groups 70

Independent Banker

NOVEMBER 30, 2021

Within that tightly knit group, there’s the bank’s leadership team, comprising president and CEO Greg Dennis, chief lending officer Jon Girard, vice president of operations and compliance Kristine Hendrickson, and executive vice president and chief financial officer Michele Boeder. Greg Dennis, Key Community Bank. “We Pascagoula, Miss.

Community Bank 164

Community Bank Community Texas Leadership 164

PYMNTS

JULY 3, 2017

Some of that liability could be deferred in the future if loan volume grows sufficiently enough that the debt can be bonded and sold to outside money managers. Square already securitizes its SMB lending debt that way. Consumer lending with Square will be getting a test drive in six U.S.

Lending 100

Lending New Jersey Colorado Virginia 100

Jeff For Banks

DECEMBER 29, 2021

The bank was founded in 2006 and operates 19 full-service branch locations in multi-ethnic communities in Alabama, Florida, Georgia, New York, New Jersey, Texas and Virginia. What is unique is, after reviewing the management team and board, there are people of Korean, Malaysian, Indian, and Chinese descent in leadership positions.

Capital 78

Capital Texas Metro North Carolina 78

Abrigo

NOVEMBER 17, 2023

How to close more loans by speeding up lending and credit analysis Seeking a quicker loan origination workflow is worth it. Takeaway 3 Many aspects of traditional lending that slow down the loan origination process can be addressed through expanded automation. Learn where to find opportunities for improvement.

Lending 221

Lending Software System Taxes 221

CB Insights

MAY 23, 2019

LendingClub was one of many online lending services founded in the mid-2000s as entrepreneurs eyed the Byzantine financial sector as an area ripe for disruption. Select Investors: MasterCard, Wellington Management. LendingClub founder violates own company’s business practices. Total Funding: $263M. Total Funding: $314M.

Fraud 78

Fraud Las Vegas Company Video 78

Fintech Labs Insights

AUGUST 1, 2016

HQ: Glen Allen, Virginia. Alt-lending to small businesses. Marketplace lending analytics. Tags: Consumer, lending, peer-to-peer, credit, underwriting, investing. Fintech deals by size from 25 June to 1 July, 2016: Paycor. Online payroll system. Latest round: $45 million. Total raised: $164 million. HQ: Cincinnati, Ohio.

Company 12

Company Fintech New York City Lending 12

Fintech Labs Insights

SEPTEMBER 1, 2016

Cloud cash and treasury management solutions. Lending marketplace for small businesses. Tags: Institutions, lenders, mortgage, lending, customer service, mobile, account opening. Total raised: $245 million. HQ: Oakland, California. Source: Crunchbase. Latest round: $22.7 Total raised: $95.1 HQ: San Diego, California.

New York City 18

New York City Company Fintech Comparison 18

Fintech Labs Insights

MAY 28, 2015

Two investment managers (InvestView, Wealthminder). Payment system management platform. Finnish P2P lending marketplace. Personal investment manager. HQ: Reston, Virginia. Tags: Investing, PFM, wealth management. Two from Edinburgh (FreeAgent, Intelligent Point of Sale. Two out of London (Kantox, Monese).

Company 12

Company Fintech New York City New York 12

CB Insights

NOVEMBER 9, 2017

. “The general consensus of the employee base is that there was mismanagement of finances,” said one former company executive… The day after the shutdown announcement, one Mode manager of an overseas office described receiving frantic emails from headquarters requesting immediate transfer of all funds and assets back to the US.

Capital 78

Capital Company San Francisco Operations 78