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The Rise of Alternative Data in the Lending Market

Bank Innovation

EXCLUSIVE – There were conflicting views on the importance of the FICO score at the PayThink Conference in Phoenix this week. While only some professionals were bold enough to say the standardized credit scoring has become marginalized, others maintained that it was here to stay.

Phoenix 342
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Scottsdale Community Bank: Making microloans

Independent Banker

The technology it uses allows it to maximize efficiency while minimizing costs in its operations. Scottsdale Community Bank’s Lemonade Stand Loan Program offers microloans—up to $25,000 each—to small businesses and individuals who own businesses or operate nonprofit organizations.

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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

In addition, they may consider focusing on these five critical areas: Improve Operating Leverage. To improve the quality of their earnings, banks need their number one focus to be on making their operations more efficient. To the extent projects improve operating leverage and the total experience, so much the better.

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Community Banks Accelerate FinTech Integrations

PYMNTS

The bank revealed it will be upgrading its infrastructure to adopt Finastra’s Phoenix core platform, and will further be adopting Finastra’s Fusion Digital Banking, LaserPro and other products as part of its digitization initiative. ’s. . Surecomp Debuts as-a-Service Offering.

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Airbnb Offers Multifamily Financing Solution Through RealtyShares

PYMNTS

The toolkit provides owners, operators and developers of multifamily buildings with resources for long-term tenants who want to rent out their space. Now RealtyShares will provide the building’s owners and operators with financing to buy, refinance, and renovate their properties.

Phoenix 102
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Collaboration: The New Competitive Weapon

Gonzobanker

For the most part, these channels are flooding executives with high-level “what” observations and doing nothing to help them make strategic “how” decisions or adopt new operating tactics. Tackling the topic of digital signatures , CIOs developed a specific action plan for incorporating Docusign technology into the commercial lending process.

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Planning Our COVID-19 Response is Also Planning for the New Normal

Gonzobanker

Digital Lending. My neighbor in Phoenix is closing on a house this week and will do so with the only physical meeting in the entire process – offer, loan, title, etc. There are some technology and training issues to overcome, but the industry is going to make it work. Why go back if it does?