Bank Innovation

JANUARY 28, 2019

BMO Harris Bank did itself a favor by being responsive to questions and criticism on social media from customers locked out of their digital accounts with the bank this past week, according to Adrenaline, an experience design company.

social media 186

social media Chicago Mobile Company 186

PYMNTS

FEBRUARY 2, 2021

Hodges, known as the “Rookie Bookie” on social media, made her comments less than three months after Tennessee became the 20th state to launch sports betting on Nov. 1, a milestone that also made Action 24/7 the only locally owned sportsbook gaming operator of four licensed by the state. “I Winning Converts.

Tennessee 262

Tennessee Payments social media Regulation 262

CFPB Monitor

AUGUST 8, 2022

The report explores the implications of recent innovations in the payments space that “may blur the traditional lines of banking and commerce” and focuses on “how large technology platforms and other emerging business models that operate outside of the traditional banking system use peoples’ sensitive spending and transaction data.”

Report 145

Report social media Payments Data 145

CFPB Monitor

JANUARY 29, 2020

One of the most important areas of consumer financial regulation today is the use of internet- or social media-based platforms to target advertising for consumer financial products. The article also highlights steering concerns that may result from targeted marketing.

Lending 130

Lending social media Compliance Regulation 130

South State Correspondent

APRIL 23, 2023

Some blame the dilution of the Dodd-Frank provisions, others the lack of oversight by regulators, and others still blame social media for exacerbating the deposit run. The economic world operates in fair value measurements, and fair value measure allows managers to make more informed decisions.

Management 195

Management Security Risk Management social media 195

Bank Innovation

FEBRUARY 19, 2018

EXCLUSIVE — With government-backed initiatives and a finite business of copper export, Nathan Lustig, co-founder and managing partner at Magma Partners, saw huge potential in the Chilean fintech market. Additionally, […].

Fintech 287

Fintech Marketing Cards Management 287

South State Correspondent

MARCH 23, 2022

In 2021, Nubank spent around 4% of revenue, according to their financials, in marketing which is materially below the 7% target for most banks. Instead of marketing, the Bank strategically focuses on two areas – product development and customer service. Xpeers are customer support help reachable by phone, chat, social media, or email.

Branding 221

Branding social media Strategy Data 221

PYMNTS

OCTOBER 16, 2019

The social media site faced accusations that its ad-targeting platform — which allows ad buyers to select what demographic groups they want to target with their advertisements — was allowing and encouraging financial institutions (FIs) to violate non-discrimination provisions of the Fair Housing and Truth in Lending Acts.

social media 110

social media Online Groups Community 110

CFPB Monitor

SEPTEMBER 14, 2020

The report discusses the Bureau’s examinations in the areas of consumer reporting, debt collection, deposits, fair lending, mortgage servicing, and payday lending that were completed between September 2019 and December 2019. Fair lending. Payday lending. Key findings are described below. Consumer reporting.

Lending 78

Lending Report Regulation Exercises 78

PYMNTS

MARCH 10, 2020

In markets like Southeast Asia, high rates of credit-invisible, underbanked small businesses make filling the small business credit gap an even more difficult challenge. In Southeast Asian markets, banks’ lack of adequate data on SMB loan applicants is perhaps the tallest barrier to connecting SMBs to capital in the region.

Data 193

Data Lending Capital social media 193

Abrigo

MAY 5, 2022

or largely focused on the domestic banking market. In many cases, the podcasts or hosts have sizable social media followings, and all release a new episode at least once per month so you can stay up to date with the latest trends in the finance world. Lending & Credit Risk. Check them all out in our Knowledge Center.

Community 195

Community Lending Maine Resources 195

PYMNTS

MAY 31, 2019

PayPal Hits $10B SMB Lending Milestone. Businesses of a certain size — and in industries as varied as construction and restaurants — know the pain of wondering if they will have enough capital to fund operations, inventory, expansion and other mission-critical business activities. Fun, Cool or Otherwise Interesting.

Lending 122

Lending Payments Apple social media 122

PYMNTS

JANUARY 13, 2017

And in the lending process, data can mean the difference between good risk and bad. In one recent announcement , Provenir, which provides real-time risk decisioning technology, said it had been chosen by TBI Bank, operating in Bulgaria and Romania, to help with credit decisions for consumers and also small businesses.

Lending 100

Lending social media Data Analytics 100

South State Correspondent

JUNE 13, 2022

In this age of social media, global interconnectedness, and market volatility, banks can be one tweet torrent away from a lightning-fast onset of risk. One morning, President Trump tweeted his desire for an additional tax on all foreign-owned companies operating in the US. Consider the risk above.

Risk Management 195

Risk Management Examples social media Management 195

PYMNTS

MARCH 22, 2019

Yet many firms struggle to gain access to the capital that helps them launch or sustain operations. In an interview with PYMNTS, CEO Johannes Brouwer said that for smaller firms seeking access to financing as they look to grow operations, the process has typically been time-consuming and expensive.

blockchain 162

blockchain social media Lending Security 162

PYMNTS

SEPTEMBER 28, 2020

The Predatory Lending Trap. Another alternative, noted James, is to rely on predatory lenders to access quick cash to cover the costs of operating. When an organization is bearing an ever-increasing burden of outstanding accounts receivables, there are multiple sources of capital to which it can turn.

social media 215

social media Capital Fintech Operations 215

Independent Banker

NOVEMBER 13, 2014

When it comes to social media, Bruce Gemmill, senior vice president of John Marshall Bank in Reston, Va., Gemmill has been on the social site for about eight years and was invited by other colleagues to join up. That’s the difference between a social networking site like Facebook and a business networking site like LinkedIn.

Virginia 70

Virginia social media Community Groups 70

South State Correspondent

MAY 13, 2024

” These pre-crime events including emails, SMS, logins, website clicks, social media, banker conversations, and call center inquiries. timeshare companies, crypto firms, multi-level marketing, credit repair, dating services, telemarketing, tech support companies, etc.). Pacific Time.

Conference 195

Conference Payments Fraud Data 195

PYMNTS

NOVEMBER 12, 2019

It’s not simply that a lack of access to bank loans adds pressure on growing small businesses in the market. For instance, such informal lending means arbitrary interest rates and repayment agreements. We have an analysis about their psychometric, their willingness to pay, their behavior on social media,” he said.

Lending 102

Lending Analysis America Strategy 102

PYMNTS

MAY 15, 2019

percent), findings of an informal web and social media search (11.8 percent) said offering trade credit made day-to-day operations harder, though. It also limited spending on capital expenditures, production capacity, inventory purchases, new hires and marketing efforts. One-third (32.3 Specifically, 36.6

social media 108

social media Study Payments Operations 108

PYMNTS

NOVEMBER 10, 2017

But Asia’s alternative SMB lending industry was the clear winner, thanks to WeLab, a Hong Kong-based firm that landed $220 million in funding this week. Alternative Lending. The company uses an array of data sources, including bill payment records and social media, to assess borrowers’ creditworthiness.

Capital 100

Capital Lending social media Industry 100

Banking 2020

JANUARY 20, 2015

From social media to the use of all caps, every individual action can affect credit worthiness. For now, the focus is on new and smaller players using complex algorithms to determine worthy recipients, but let’s not make the mistake of assuming that it will stay a niche market. In fact, there’s enormous potential here.

Technology 40

Technology Lending social media Analytics 40

PYMNTS

APRIL 12, 2017

Regulation A+ has made a mostly quiet splash on the market. One of the first platforms to receive clearance from the Securities and Exchange Commission to operate as a crowdfunding portal for small businesses is Funding Wonder , which enables SMEs to raise funds from individual investors — accredited or not.

Regulation 102

Regulation Lending social media Operations 102

Independent Banker

OCTOBER 28, 2014

Lending, transaction data. Community banks generally do well in harvesting their lending data, Bhalla says. McMullen says community banks should be regularly gathering loan cost data on servicing, marketing and the application process, as well as the costs to manage delinquent borrowers. Karan Bhalla, Consultant. Reporting data.

Data 88

Data social media Community Bank Community 88

PYMNTS

MARCH 31, 2017

Take a look at the logistics startup that grabbed more than half of that amount to disrupt India’s logistics space and which other industries secured VC financing — including alt lending, software-as-a-service (SaaS) and eProcurement. Alt Lending. Nigeria-based Lidya announced this week that it raised $1.25

Fintech 100

Fintech social media Capital Lending 100

Independent Banker

NOVEMBER 13, 2014

Lending, transaction data. Community banks generally do well in harvesting their lending data, Bhalla says. McMullen says community banks should be regularly gathering loan cost data on servicing, marketing and the application process, as well as the costs to manage delinquent borrowers. Karan Bhalla, Consultant. Reporting data.

Data 70

Data social media Community Bank Community 70

PYMNTS

MAY 13, 2016

Businesses across the globe operating in the blockchain, eCommerce-as-a-Service and alternative lending spaces (to name a few) all secured funding. It’s about helping companies with between $100 million and $150 million in online annual sales access a robust set of solutions to manage their digital operations. Pwnie Express.

Capital 100

Capital Lending blockchain Security 100

Bobsguide

MARCH 28, 2022

Dubai, UAE, London, UK, New York, US – March 28, 2022 – Finastra today published a market assessment report: ‘Banking as a Service: Outlook 2022 | Paving the way for Embedded Finance’. Key findings include: • More than 80% of regulated financial services providers expect the overall BaaS market to grow.

Innovation 60

Innovation Lending social media Retail 60

Gonzobanker

DECEMBER 14, 2023

Merger of Equals Deal of the Year (Credit Union) – Spire Credit Union and Hiway Credit Union put 2+2 together to make a $4 billion institution in the Minnesota market. While Huntington is down like most bank stocks, the pain hasn’t been as severe, and Huntington doubled down on local markets in 2023 by consolidating business units.

Fintech 195

Fintech Community Regional Technology 195

Social Assurance

JANUARY 25, 2022

We are only about 60 days away from Spring and as we head into the spring of 2022, lending is a primary focus for financial brands. The market for mortgage lending is competitive. What is social selling and why should I care? If you’re a financial brand, we’re here to help you support social selling while mitigating risk.

social media 15

social media Branding eBook Lending 15

Gonzobanker

JANUARY 4, 2016

In an industry where the top five institutions control more than half the market share, it amazes me how few of the 6,000 other banks are taking advantage of shared insights and resources to compete. We see the types of content being shared through social media. As consultants , we haunt the halls of industry conferences.

San Diego 60

San Diego Phoenix social media Strategy 60

FICO

JANUARY 6, 2022

For example, for you are targeting customers digitally through social media and search engine marketing, and you find that thousands of customers are applying but relatively few are being approved, is this satisfactory? Solve for the Problem, Not the Solution. The importance of this was shown in a recent FICO survey.

Management 52

Management social media Customer Experience Strategy 52

Jeff For Banks

DECEMBER 15, 2013

On the surface, this looks good for a branch that might cost $600 thousand per year in operating expenses. What about paying for that army of operations, IT, compliance, finance, and executives back there at home office? Be social and be local - Here is an idea that will have your compliance officer spinning. But hold on.

How To 89

How To Community New Jersey social media 89

NCR

APRIL 15, 2016

We earlier discussed on this blog our plans to attend #BankSocial , even while acknowledging the inherent contradiction: going out of your way to meet people face to face, just to get into the nitty-gritty of digital operations? Isn’t this exactly why a host of other social media channels were created? Boy, is it ever.

social media 40

social media Conference Oklahoma Tools 40

CFPB Monitor

APRIL 11, 2022

A Connecticut federal district court has refused to dismiss claims filed by the CFPB against a mortgage company and three of its principals for alleged Truth in Lending Act (TILA), Mortgage Act and Practice (MAP) Rule, and Consumer Financial Protection Act (CFPA) violations.

Connecticut 78

Connecticut Company Regulation social media 78

Gonzobanker

DECEMBER 22, 2020

Financial institutions went from having no PPP lending program at all to funding their first loan in 90 days – and this with literally last-minute regulatory guidance. This is a classic bank deal – one acronym buys another at a good price and plans to cut the hell out of cost while adding markets. Market cap in January: $19B.

Idaho 181

Idaho Community Industry Strategy 181

Independent Banker

DECEMBER 31, 2022

One of the biggest challenges is simply navigating market uncertainty related to Federal Reserve policy and the direction of the economy. Anita Drentlaw , CEO, president and CFO at $190 million-asset New Market Bank in Elko New Market, Minn. So we’re careful when we lend out commercial real estate loans. James Sills.

Community Bank 91

Community Bank Community Tampa North Carolina 91