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Rebeca Romero Rainey: Shifts in lending

Independent Banker

As we kick off this year’s lending issue, I want to pause for a moment to reflect on just how much lending has changed. Over the past couple of years, we have drawn on technology to complement the human touch with digital efficiency and have been using behind-the-scenes automation more consciously to streamline the process.

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CDFI Beneficial State Bank, Aided by Abrigo, Goes All Out To Secure PPP Small Business, Nonprofit Loans

Abrigo

The CDFI instated Abrigo's SBA Lending technology platform and systemized approach soon after business owners were able to begin applying for PPP loans. Lending & Credit Risk. SBA Lending. Lending & Credit Risk. SBA Lending. Lending & Credit Risk. Lending & Credit Risk.

Security 195
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What #Banking Trend Will Have the Greatest Impact on Your Bank?

Jeff For Banks

This was the question posed to Bank Profitability students as part of the Oregon Bankers' Association's Executive Development Program (EDP). Such as direct lending funds, and insurance companies. Technology offers opportunities to do just that. Technology and Generative AI could dramatically lower those costs.

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Synchrony Says Erroneous Email Not Tied To Data Breach

PYMNTS

The company has a partnership with Amazon in which it lends to customers with low credit scores. “We have confirmed none of your personal data was compromised,” the financial services company said in an email to customers. In other Amazon news , the eCommerce giant is opening a store on the Chinese site Pinduoduo.

Data 130
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Zions Bancorporation goes live on TCS BaNCS Core Banking software

Bobsguide

The core transformation program, titled “FutureCore,” is divided into phases and Consumer Lending for the 7 affiliate banks is the first phase to go live, with other phases to follow. “The The completion of this consumer lending installation represents our first step toward having a fully integrated core loan and deposit system.

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AltFin Proves Its Staying Power With Asian Investors

PYMNTS

More than $150 million in venture capital bolstered the B2B FinTech market this week, and while investors made big steps into areas like human resources, fleet management and artificial intelligence (AI), it was an old favorite that saw the most, and largest, investment rounds: alternative lending. Alternative Lending. Capital Match.

Capital 135
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5 ways AI can improve customer service

Independent Banker

There’s incredible value in banks’ data, and they aren’t optimizing it either because of a lack of technology or it’s locked in the core. In addition, AI enabled Sunwest to pursue its specialty of solar lending. Venu Gopal, chairman of the board of Quinte Financial Technologies, Inc. Carson Lappetito, Sunwest Bank.