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Banking Strategies: Should We Look to Utah?

Jeff For Banks

Just this month I taught Bank Profitability at the Utah Bankers'' Association Executive Development Program. Utah, home of the Industrial Bank, is the epicenter of niche banking. Prudent risk management suggests we should have diversification in our loan portfolio and funding sources. But look at EnerBank''s performance!

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Call It Alt-Credit Or POS Lending, ‘Buy Now, Pay Later’ Just Got Bigger

PYMNTS

Utah-based FuturePay has consistently appeared in PYMNTS’ top 5 alternative credit apps, with its offer of flexible monthly payments for consumers and up-front settlement for merchants. Klarna also launched its new “Klarna: Swedish for smooother shopping” campaign in June.

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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 completion of this consumer lending installation represents our first step toward having a fully integrated core loan and deposit system.

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CFPB announces new appointments to advisory groups

CFPB Monitor

Kukla, Senior Vice President, Center for Responsible Lending, Durham, N.C. Allen, Chief Compliance Officer, Bank of American Fork, American Fork, Utah. DeBery, Senior Vice President, Internal Audit and Risk Management, Bath Savings Institution, Bath, Maine. Christopher G. Kathleen J.

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The Niche Bank

Jeff For Banks

Me to a community banker: Why don't you offer more options than real estate secured lending to help fund early stage businesses? What I hear most often is that community banks take deposits from people and businesses in their community and lend it to people and businesses in that same community. You read it right: 100%. Seems risky.

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2021 GonzoBanker Awards

Gonzobanker

million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. Rex Johnson, Baxter Credit Union founder and former CEO – Rex was a legend in the credit union industry who will always be remembered as the “Yoda” of lending.

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Fintech Fundings: 28 Companies Raise $330 Million Week Ending Jan 15

Fintech Labs Insights

Financial supply chain management. Derivative risk management. Online consumer lending. HQ: Provo, Utah. Person-to-person small biz lending platform. Multi-family lending management. Tags: SMB, enterprise, commercial lending, non-residential real estate, underwriting, investing.

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