Independent Banker

JANUARY 31, 2022

A recent report by Cornerstone Advisors found that bankers are either strongly interested in or already working with fintechs in three main areas: digital account opening (71%), mobile wallets (41%) and fraud/risk management (47%). Fraud and risk management. Elizabeth Judd is a writer in Virginia. Tiffany Lukk.

Community Bank 159

Community Bank Community Fintech Risk Management 159

Independent Banker

SEPTEMBER 25, 2014

Be aware of existing or emerging risk concerns. increased operational risks. Implicit in managing operational risk is for banks to continue to maintain adequate capital and a solid balance sheet, he says. It’s not just about looking at the returns but having the due diligence and risk management folks involved.”.

Compliance 101

Compliance Regulation Community Bank Community 101

Jeff For Banks

MARCH 20, 2016

billion in asset Union Bank & Trust in Virginia had $1.1 Like most marketplace lenders, SoFi claims a borrower risk rating system that is better than the FICO score. How good is their system compared to FICO, or other FinTechs that feel they are more evolved in credit risk management? We don't know.

Virginia 60

Virginia Risk Management Capital Comparison 60

Independent Banker

NOVEMBER 25, 2015

Meanwhile new competitors regularly emerge, including person-to-person facilitators such as digital wallet provider Venmo, crowd-funding loan provider Lending Club and real-time cryptocurrency settlement company Ripple. Although they have bank accounts, they often prefer to use prepaid cards and mobile options to manage their finances.

Community Bank 70

Community Bank Community Analytics Lending 70

Gonzobanker

DECEMBER 17, 2021

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. Goes to Larry Mazza and the crew at MVB Bank in West Virginia. We salute a legend of lending and credit union leadership. This is the age of digital lending.

Fintech 147

Fintech Strategy Leadership Lending 147

Independent Banker

JULY 28, 2016

Compliance doesn’t function effectively in a silo of solitary confinement, and the business does not produce with maximum value without the risk-management activities of compliance. Preparing for the upcoming Home Mortgage Disclosure Act or Military Lending Act (MLA) changes could be used as examples of assessing CMS performance.

Compliance 70

Compliance Training Community Bank Regulation 70

Fintech Labs Insights

JANUARY 18, 2016

Financial supply chain management. Derivative risk management. Online consumer lending. Person-to-person small biz lending platform. Multi-family lending management. Tags: SMB, enterprise, commercial lending, non-residential real estate, underwriting, investing. Source: Finovate. million ($1.5

Company 12

Company New York City Fintech San Francisco 12