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

Abrigo

NOVEMBER 2, 2022

Takeaway 1 Technology can help reduce or eliminate common problems that construction lenders face during the complicated draw process. But not all technology is made equal, especially when it comes to lending software. But when software shopping, make sure that the product is both mobile and collaborative. DOWNLOAD .

Software 195

Software Lending Training Mobile 195

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

PYMNTS

JUNE 26, 2020

Many banks braced themselves for an oncoming surge in the number of consumers accessing their financial accounts online or via mobile banking apps, but safely and seamlessly providing that access remained tricky for many in the space. The Tracker also analyzes how the use of cloud technology can help FIs stay on top of that shift.

Meeting 227

Meeting Mobile Digital Banking Tools 227

PYMNTS

NOVEMBER 1, 2018

In any new technology arena, companies are born, they rise, they fall, sometimes with breathtaking speed. Online lending had some restrictions in place, where there could no longer be guaranteed returns and lenders could not cover losses via guarantees. Regulations take shape, usually quite a bit more slowly.

Lending 150

Lending Guidelines Fintech Industry 150

Independent Banker

OCTOBER 31, 2021

Offering digital lending isn’t about the bells and whistles. started developing its digital lending platform about three years ago—and the bank is really glad it did. started developing its digital lending platform about three years ago—and the bank is really glad it did. Illustration by Out of the box/Stocksy.

Lending 91

Lending Community Bank Community North Dakota 91

PYMNTS

AUGUST 2, 2018

As Americans increasingly turn to their mobile devices to instantly pay through peer-to-peer (P2P) services like Venmo and Zelle, the act of writing a check or heading to the ATM for quick cash is becoming a thing of the past. What we’re trying to do is bring that technology to lending.”. P2P Payments To Power Loans.

Lending 138

Lending Tools Technology Millennials 138

Abrigo

SEPTEMBER 2, 2020

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world. Technology can create efficiencies that allow them to reimagine customer interactions moving forward.

Lending 259

Lending Community San Antonio Survey 259

PYMNTS

MAY 25, 2018

After adopting a mobile money system that allows people to make payments and transfers through their cell phones, Kenya has become a leader in financial inclusion. And, since Kenya has been an experimental case for new digital lending tools, Reuters said that the regulation will be closely monitored by fintech startups.

Regulation 101

Regulation Lending Mobile Course 101

PYMNTS

OCTOBER 22, 2018

Tala, the consumer lending app in emerging markets, announced Monday (Oct. The company said its loans, which are between $10 and $500, are dispersed to a mobile wallet or via a payment method of the customer’s choice. “At 22) a strategic investment from PayPal.

Lending 193

Lending Company Marketing Regional 193

PYMNTS

MARCH 7, 2019

said they would give their mobile numbers to their banks, for instance, showing a lack of trust, and putting a damper on Open Banking services. The card network has partnered with Open Banking service Konsentus to add an identity and regulatory checking service to its roster of Open Banking tools and technologies.

Lending 198

Lending Regulation Regional Data 198

Bank Innovation

MARCH 16, 2016

Lenny is meant for mobile (of course) and launched today in California. Millennials hate credit — but a new service called Lenny is out to change that. It will reach Texas, Florida and New York in the next 10 to 12 months, according to the company, which claims that, in less than three Read More.

Millennials 150

Millennials Mobile Florida Lending 150

PYMNTS

OCTOBER 4, 2019

The PYMNTS September Credit Union Tracker pointed to the growing pressure for credit unions to respond to their members’ rising demands for mobile-friendly platforms, faster payment services and other modern financial products. “With bigger banks, some of them have more software engineers than Google,” he said.

Lending 152

Lending Community Bank US Community 152

PYMNTS

FEBRUARY 27, 2019

Michael Sassoon, CEO of banking and technology firm Sasfin , recently told PYMNTS about some of the country’s biggest hurdles in small business FinServ — and what technology innovators hope to do about them. Challenges like these are a breeding ground for technological innovation, and Sassoon pointed to Industry 4.0

Technology 190

Technology Industry Innovation Big Data 190

PYMNTS

DECEMBER 13, 2017

First National Bank and Trust Company is planning the launch of a digital small business lending portal and has tapped a partner to create the solution. The digital lending portal — which can be accessed via desktop or mobile device — supports eSignatures, and approved borrowers can receive loan funds in just three days.

National 108

National Lending Online Mobile 108

PYMNTS

OCTOBER 22, 2019

New Jersey-based financial institution Investors Bank has announced a collaboration with online small business lending firm OnDeck to digitize its own small to medium-sized business (SMB) lending operations. The companies announced their collaboration in a press release Monday (Oct.

Lending 101

Lending New Jersey Online Customer Experience 101

Perficient

APRIL 20, 2023

prefer to bank via a mobile app or website. However, it’s not always obvious which of the many potential technology vendors and implementation partners will best drive an organization’s desired business goals. As financial services leaders research personalization technology partners, we recommend the following value-add checklist.

Marketing 294

Marketing Marketing Strategies social media Strategy 294

Bank Innovation

JUNE 6, 2016

Two months in, Lenny – millennial-focused mobile lending app – is ready to hit the market with new budgeting and billpay products. Launched mid-March, Lenny’s goal is to help millennials build credit scores while still in school, with loans up to $10,000 and 0% interest (if paid on time). So far, Read More.

Lending 150

Lending Millennials Mobile Marketing 150

Bank Innovation

JANUARY 2, 2019

All that is changing due to emerging technologies. The banking industry is facing many unprecedented challenges due to the rise of financial technology companies. For quite a long time, traditional brick and mortar banks only had to worry about making money and being profitable.

Technology 282

Technology Financial Technology Operations Industry 282

PYMNTS

MARCH 29, 2018

Analysis of borrowing behavior among small businesses suggests SMB borrowers are increasingly turning to mobile devices to access funding, according to new data from Kabbage. The value of financing accessed via mobile device increased during that time too, by more than 1,220 percent, Kabbage said. Lending is no different.”.

Mobile 101

Mobile Lending Meeting Analysis 101

PYMNTS

APRIL 25, 2016

Visa is determined to make EMV faster, Starbucks wants to make getting that cuppa joe faster, too, and is crushing it with mobile order ahead and the CFPB might be moving closer to having a fast exodus of the payday lending business once its rules drop. Starbucks Steals The Mobile Show (Again). EMV’s Second Phase.

Lending 100

Lending Mobile Cards Fraud 100

PYMNTS

OCTOBER 9, 2020

In today’s top payments news around the world, cross-border payment platform dLocal has grown its network, while Mambu is joining forces with New Zealand digital lending platform Ranqx to enhance digital lending. Mambu, Ranqx Partner to Enhance SMB Digital Lending. Hackers Hit Mobile Money Payments Processor in Uganda.

Lending 100

Lending Payments Mobile National 100

Abrigo

SEPTEMBER 29, 2022

Essential technology for modern lending and credit departments. Instead, they are a specific program for lending institutions and their needs. An essential function of this software is that it helps in identifying potential risks and threats related to construction lending. Smart Return on Investment.

Software 195

Software Lending Management Strategy 195

Bank Innovation

DECEMBER 1, 2017

EXCLUSIVE—Marketplace lending survived 2017 with many of its advantages over traditional balance sheet lenders intact, including its embrace and use of new digital technologies for lending and underwriting.

Lending 257

Lending Mobile Technology Online 257

Abrigo

SEPTEMBER 2, 2020

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world. Technology can create efficiencies that allow them to reimagine customer interactions moving forward.

Lending 195

Lending Community San Antonio Survey 195

Bank Innovation

APRIL 20, 2018

EXCLUSIVE— Mobile, data usage, and a simple experience are three of the things Bahman Koohestani, the next chief technology officer for marketplace lender LendingClub, will be focusing on this year, Koohestani told Bank Innovation.

Mobile 170

Mobile Data Innovation Technology 170

PYMNTS

OCTOBER 2, 2018

Potential borrowers apply online or via mobile, can be approved and offered a rate within 15 minutes, and can have their loans funded within 24 hours. For banks, including relatively large banks, Goldstein noted, entering into personal lending markets is daunting, even if it is appealing from a variety of standpoints.

Lending 134

Lending Alabama Online System 134

PYMNTS

OCTOBER 26, 2017

It was the (initially) small FinTech startups that delivered a collective shakeup to the small business (SMB) lending industry. Technology giants like Google and Amazon , which gained their market muscle from non-finance-related ventures, are slowly stepping into the space. New reports in Bloomberg on Wednesday (Oct.

Lending 109

Lending Google Fintech Industry 109

PYMNTS

MAY 2, 2017

In a partnership formed recently with Puerto Rico’s Oriental Bank, Biz2Credit said late last month that it has begun offering its digital lending platform to the bank’s commercial clients. Drilling down a bit into the Puerto Rico market in particular, Arora noted some differences between small business lending versus, say, the United States.

Puerto Rico 118

Puerto Rico Lending Online United States 118

PYMNTS

SEPTEMBER 17, 2019

France’s FairMoney , a small business and consumer micro-lending technology company operating in Nigeria, has announced $11 million in venture capital funding. Mobile FinTech is key to addressing financial inclusion for under-banked businesses and individuals, particularly in Africa where smartphone penetration is high.

Mobile 116

Mobile Data Fintech Digital Banking 116

PYMNTS

JANUARY 15, 2021

But presentation materials that accompanied the results showed that of the reserve released in the quarter, $900 million came from the consumer side of the book, so to speak, and were released from home lending. In the home lending segment, the company saw two-thirds of applications done digitally. billion at the end of the quarter.

Management 151

Management Mobile Conference Lending 151

PYMNTS

MAY 8, 2017

The last 12 months have undoubtedly been a difficult period for marketplace lending pioneer Lending Club. We redeployed resources for growth and invested heavily in our technology platform in the first quarter,” said Scott Sanborn, the company’s president and CEO. consumer loans came to 3.95 per cent last year, down from 8.71

Lending 100

Lending Leadership Retail Resources 100

PYMNTS

DECEMBER 10, 2016

Two years ago today, Lending Club was ringing the bell on an IPO that one early investor called “a no-brainer.”. Lending Club’s model does not need bank branches on each street corner, and it can turn around in minutes and hours, not days. And disrupt Lending Club did, with its marketplace lending model, scores of imitators in the U.S.

Lending 100

Lending Compliance Capital Marketing 100

PYMNTS

MARCH 10, 2017

Financial regulations forced banks to pull back from small business lending in the wake of the financial crisis as pressure to reduce risk exposure increased. and Europe — small businesses and entrepreneurs in emerging markets find they’re being shut out of the bank lending market altogether. The Mobile Device.

Mobile 149

Mobile Lending Data Marketing 149

PYMNTS

SEPTEMBER 10, 2018

Others are looking to additional solutions to solve student lending problems. Student Loans Go Mobile. The digital banking platform chose to offer mobile disbursements and a smartphone app-accessible checking account to reach young college-going consumers, 75 percent of whom use mobile banking apps, according to recent research.

Mobile 100

Mobile Arkansas ATM Tools 100

Abrigo

SEPTEMBER 21, 2022

Driving efficiency and reducing risk Construction loan risk management software leverages technology and sound process management to pull construction lending away from its manual roots. Construction Loan Management Benefits This type of lending is a significant portion of many financial institutions’ portfolio. CRE Lending.

Risk Management 195

Risk Management Software Management Lending 195

PYMNTS

JULY 21, 2017

Bank of America (BoA) is expanding its mobile service for small- and medium-sized (SME) customers. An announcement by the financial institution (FI) this week said it now enables small businesses to apply for loans via its mobile app.

Mobile 100

Mobile America Lending Meeting 100