Gonzobanker

DECEMBER 7, 2023

It’s time for banks and credit unions to finally execute those C&I lending priority initiatives. Senior bank and credit union executives have ranked commercial and industrial (C&I) loans as a top lending priority over the past several years in Cornerstone Advisors’ annual What’s Going On in Banking research.

Lending 136

Lending Analysis Strategy Management 136

PYMNTS

FEBRUARY 20, 2020

As Open Banking spreads further into the small business (SMB) financial services market, accounting and lending platforms are taking advantage. In the press release, Taxfyle emphasized the value-added opportunities that data integration presents in the small business FinTech space — and not only for the small business end user.

Lending 217

Lending Taxes Fintech Data 217

CFPB Monitor

AUGUST 1, 2022

On July 18, the Federal Housing Finance Agency (“FHFA”) announced the launch of a new Office of Financial Technology with the goal of advancing effective risk management as it evaluates fintech developments in the housing finance space.

Financial Technology 78

Financial Technology Technology Fintech Compliance 78

BankInovation

NOVEMBER 3, 2021

With new research finding racial disparities in small business lending, one fintech is examining how artificial intelligence (AI) and automation can help improve fairness and reduce inefficiency that may be present in traditional lending processes.

Lending 97

Lending Financial Technology Strategy Groups 97

Abrigo

AUGUST 28, 2019

Slow lending decisions and frustrating loan application processes are among borrowers’ biggest gripes with traditional financial institutions vs competitors such as online or alternative lenders. A look at the steps of an institution relying on manual processes and an institution utilizing technology sheds light. Get started.

Lending 150

Lending Analysis Taxes Data 150

Abrigo

DECEMBER 14, 2023

Define actionable plans, such as what additional staff or technology you need to accomplish your goals. What specific technologies would you like to see us pursue for a better customer experience? This can also improve onboarding and training if your plan involves new staff or technology.

Lending 221

Lending Risk Management Meeting Survey 221

PYMNTS

OCTOBER 4, 2019

As Mark Rockefeller, co-founder and chief executive officer of small business lending-as-a-service provider StreetShares , told PYMNTS in a recent interview, that pressure to digitize expands to credit unions and community banks in their SMB lending offerings, too, and do it profitably. “This is an extraordinary thing. .

Lending 152

Lending Community Bank US Community 152

Abrigo

SEPTEMBER 28, 2022

Construction loan risk management software leverages technology and sound process management to pull construction lending away from its manual roots. However, with the help of construction loan automation software like Construct , you can ditch your spreadsheet, streamline your lending process, and focus on other businesses.

Lending 195

Lending Software Risk Management Management 195

PYMNTS

FEBRUARY 27, 2019

The nation’s unique history and current economic challenges may actually present a prime moment for innovators in the small business (SMB) financial services (FinServ) space, particularly as the Fourth Industrial Revolution ushers in continued digitization across the globe — South Africa included.

Technology 190

Technology Industry Innovation Big Data 190

Perficient

JULY 12, 2023

However, in what is sure to be a landmark in federal regulation, on June 6, 2023, the primary federal bank regulatory agencies issued final joint guidance designed to help banking organizations manage risks associated with third-party relationships, including relationships with financial technology companies.

Management 221

Management Risk Management Regulation Compliance 221

PYMNTS

FEBRUARY 16, 2018

Periu is CEO and co-founder of Neptune Financial (NepFin) , one of the newer lending companies in the U.S., This presents an opportunity for technology to enhance data collection and automate many aspects of the lending process, but Periu emphasized that technology isn’t going to replace humans in this market.

Lending 101

Lending Marketing Analytics Capital 101

Abrigo

OCTOBER 20, 2020

Plan for new technology and innovations. It was a really important presentation to see what his forecasting was for CRE, and to better understand what’s going on across the country,” said Hatfield. To support this customer experience, Akin recommended leveraging technology to drive efficiency in the back office.

Management 195

Management Lending Community Strategy 195

Abrigo

DECEMBER 17, 2021

Components of an effective fintech partnership If leveraging new technology is a priority for your FI, ensure these three elements are present for an effective fintech partnership. . New technology is not a silver bullet. Learn top best practices for leading a successful software implementation. DOWNLOAD WHITEPAPER .

Fintech 195

Fintech How To Innovation System 195

Independent Banker

AUGUST 31, 2022

Against this backdrop, agtech—the application of technology to every aspect of the food production process, from farm to table—is growing in importance to the mission of ICBA and community banks. This presents an opportunity to apply advances achieved in other lending areas, especially commercial lending, to transform ag lending.

Innovation 144

Innovation Community Bank Community Lending 144

South State Correspondent

FEBRUARY 22, 2024

For example, at present, return on equity performance is about 12% for the average community bank. You can’t develop lending expertise overnight. A three-year time horizon isn’t long enough if say you want to take your lending platform nationally such as specializing in lending on robotics. Why is that?

How To 195

How To Strategy Capital Lending 195

PYMNTS

JANUARY 20, 2021

European Banks Lend Less, Fearing Bad Loans During Pandemic. Euro area banks have scaled back lending in order to shield against risk, a new European Central Bank (ECB) survey says. In an effort to simplify B2B payments for Australia, FinTech service provider WEX is teaming with digital business management technology company MYOB.

Lending 161

Lending Payments Fintech Survey 161

Abrigo

MAY 22, 2024

Recent stats and dynamics of the small business lending market Understanding the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. You might also like this guide for smarter, faster small business lending. Record new business formation and a wider gap between U.S.

Lending 195

Lending St. Louis Community Marketing 195

Abrigo

AUGUST 9, 2019

Crenshaw, billed as a master of building productive leaders, during his presentation will explore how to respond to workplace interruptions, how to take control of technology, and how attendees can grow their careers while maintaining balance in their personal life, and more. See the entire agenda here.

Management 150

Management Conference Lending Training 150

PYMNTS

DECEMBER 23, 2019

The same framework should be in place to improve technology used by regulators in efforts to strengthen supervision throughout the industry, the think tank also says. We should not deify artificial intelligence as it could go wrong just like any other technology,” Gang said. billion by 2023, up from an estimated $4.5 trade war.

Regulation 202

Regulation Groups Policies Big Data 202

Abrigo

JANUARY 13, 2020

Having the right technology can play an important role in cross-selling CFI customers or members. In a recent whitepaper , Abrigo outlined several tips for refreshing cross-selling practices and leveraging technology to address customer needs through marketing to existing customers or members. Technology can aid cross-selling efforts.

Lending 150

Lending Study Survey Community 150

BankInovation

APRIL 20, 2023

Truist Financial is enhancing customer experiences and attracted new customers through its upgraded digital lending and onboarding efficiencies during the first quarter of 2023. billion, driven by personnel expenses and enterprise technology investments, according to the bank’s earnings presentation. year over year to $3.6

Customer Experience 52

Customer Experience Lending Technology Retail 52

PYMNTS

JANUARY 12, 2021

The lending industry was hit hard during the pandemic’s early months, with many banks and traditional lenders rapidly adjusting their standards and rates to accommodate businesses’ and consumers’ shifting needs. Instant Payments and the Millennial Push.

Millennials 239

Millennials Payments Lending Study 239

Abrigo

APRIL 22, 2024

Recent dynamics of the small business lending market A deep understanding of the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. You might also like this guide for smarter, faster small business lending. Record new business formation and a wider gap between U.S.

Lending 243

Lending St. Louis Community Marketing 243

PYMNTS

MARCH 23, 2020

“Increasingly, many lenders have been starting to focus on [SMBs] and lending to [SMBs],” said Gabriele Sabato, who holds a doctorate in finance and is CEO and co-founder of SMB loan underwriting firm Wiserfunding , in a recent interview with PYMNTS. SMBs are notoriously difficult to underwrite. Expanding The Data Scope.

Lending 188

Lending Data Analysis Tools 188

Abrigo

JULY 14, 2023

Takeaway 2 Do you have the right technology to efficiently generate strategic insights now and on an ongoing basis? For example, your top goal for next year might be to expand your lending geographic footprint. Do you have the right technology? Would you like other articles like this in your inbox?

Strategy 195

Strategy Data Analytics Analysis 195

Gonzobanker

MAY 9, 2017

Is automation a missing link to a more productive and profitable commercial lending department? The 2015 Cornerstone Performance Report found significant reductions among mid-size banks in both monthly loans originated and outstandings per commercial lending full-time equivalent employee. – Reduced overhead and cost per loan.

Lending 81

Lending Analytics Data United States 81

Abrigo

DECEMBER 1, 2020

Takeaway 1 For solid ag lending returns, focus on assessing credit risk in current portfolios and effective pricing. . Takeaway 2 Sentiment rose in 3Q, but the highly uncertain outlook warrants caution in ag lending activities. A tricky year for farmers, ag lending. You might also like this webinar watch. Pandemic Impact.

Lending 195

Lending Survey Operations Payments 195

PYMNTS

APRIL 2, 2020

This issue is present in almost every industry, as the $70.3 Combining this technology with artificial intelligence (AI) can boost customer engagement and have innumerable benefits for FIs of all sizes and types. billion spent on TV advertising in 2019 illustrates. Big Data analytics reached a market valuation of $29.87

Analytics 237

Analytics Data Big Data social media 237

PYMNTS

SEPTEMBER 8, 2020

Though technology is accelerating and improving access to information, maintained Schwartz. “A A lot of new technology is coming to the forefront to help that information exchange,” she said, noting that application programming interfaces (APIs) can give firms real-time visibility into banking activities.

Management 268

Management Lending System Operations 268

Abrigo

NOVEMBER 7, 2019

Hal Schroeder, a Financial Accounting Standards Board (FASB) board member, led a presentation, “Roadmap to the Future: Fact vs. Fiction (on CECL and Other FASB Standards),” at the 2019 ThinkBIG conference in September. During the presentation, Schroeder addressed many CECL questions, shedding light on the nuances of the standard.

Community Bank 150

Community Bank Community Lending Analysis 150

Abrigo

JANUARY 25, 2022

Takeaway 2 Look for signs that indicate a planned software implementation or other technology change might be at risk of failure or poor return on investment. . Staff have kept manual processes instead of using more efficient automated practices available via previously purchased technology. Prepare and train end-users.

Management 195

Management Software Survey Fintech 195

PYMNTS

JANUARY 7, 2020

That unit will include the company’s online lending platform, Marcus , and credit card business, the latter of which is done through a joint venture with Apple. Drilling down into the numbers, consolidated and presented in the filing, Goldman reported that within Consumer and Wealth Management, total wealth management revenues stood at $1.1

Report 134

Report Apple Lending Cards 134

PYMNTS

JANUARY 7, 2020

That unit will include the company’s online lending platform, Marcus , and credit card business, the latter of which is done through a joint venture with Apple. Drilling down into the numbers, consolidated and presented in the filing, Goldman reported that within Consumer and Wealth Management, total wealth management revenues stood at $1.1

Apple 132

Apple Lending Cards Report 132

Jeff For Banks

APRIL 4, 2024

You couldn't go to a conference without every presenter having millennial this or millennial that on their slide decks. Such as direct lending funds, and insurance companies. Technology offers opportunities to do just that. Technology and Generative AI could dramatically lower those costs.

Banking Trends 115

Banking Trends Trends Millennials Oregon 115

Accenture

OCTOBER 14, 2019

Guest blogger Markus Naumer examines how digital payments technology is enhancing credit lending and showing promise in addressing consumer credit-aversion challenges. In most European countries, for example, unsecured card lending is less than 18 percent of total unsecured consumer lending.

Payments 150

Payments Lending Examples Innovation 150

Chris Skinner

MAY 10, 2017

Here’s the summary: Financial Technology, more commonly referred to as FinTech, looks set to reshape the financial sector in the coming years and present Hong Kong with both challenges and opportunities. Many FinTechs are providing financial services directly to customers in areas such as payments and P2P (peer-to-peer) lending.

Strategy 271

Strategy Fintech Regional Technology 271

PYMNTS

DECEMBER 9, 2020

Developing a quick, seamless and secure onboarding process for financial institutions (FIs), lending startups and other financial services providers has long posed its trials. Merely adopting digital technologies does not solve for efficiency problems, Prasad noted. Such entities in India were granted relief on Jan.

Video 175

Video Capital Lending Security 175