South State Correspondent

MAY 22, 2024

In this article, we highlight the state of the bank commercial real estate office lending sector and make an argument about why banking might be better off than most analysts think. The State of Office Lending Risk – Traffic 2024 will mark the fifth consecutive year where office demand has declined.

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Gonzobanker

MAY 23, 2024

It’s “leave your emotions at the door” time when making a core system decision. Every financial institution needs to get real, tangible returns on every technology investment it makes, and core systems are a critical piece in increasing or hurting these returns. Do We Modernize or Optimize the Existing Core ?

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Abrigo

FEBRUARY 7, 2023

How construction administration units mitigate construction lending risk Construction lending involves unique risks and requires specialized processes. WATCH Takeaway 1 The OCC recommends that construction lending risk be managed by specialized real estate and construction lenders who report to the credit department.

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Abrigo

AUGUST 28, 2022

Develop better ag lending workflows before demand picks up. A better ag lending process makes applying smoother for borrowers and can allow efficient ag loan growth without adding a lot of staff. Takeaway 1 Now is the time to plant the seeds for harvesting growth in the ag loan portfolio by creating a better ag lending process.

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Abrigo

MARCH 3, 2022

By leveraging their strengths in relationship lending and their access to technology in order to grow the small business loan portfolio profitably. You might also like this whitepaper on big opportunities in small business lending DOWNLOAD . Changing Lending Environment. Small businesses are turning to small lenders.

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PYMNTS

NOVEMBER 10, 2020

It’s here now and being used to make good banks better — whether to eliminate discrimination in lending decisions, add stability to existing screening systems or drive loan growth and profits. De Vere said part of the proceeds will fund a technology push to further develop software and make it more broadly available.

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South State Correspondent

AUGUST 10, 2023

When banks talk about a “sidecar,” they speak about a modern, lightweight, real-time core system alongside a traditional core. In this article, we argue why banks should consider a modern core system in the form of a sidecar as part of their long-term strategy. This information is then pushed out to each ancillary system.

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Abrigo

FEBRUARY 27, 2020

Key Takeaways Financial institutions who want to maintain a healthy share of business lending this year and through potentially tougher economic times ahead want to be in the best position possible before trouble hits. Abrigo's Business Lending Readiness Survey found many processes stymie those efforts. learn more.

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Abrigo

JULY 27, 2023

Takeaway 1 Regtech uses new technologies such as AI and machine learning to streamline processes that keep organizations compliant. Regulatory technology, or regtech, can improve the efficiency and effectiveness of functions in many workplaces, and banks and credit unions are no exception. That’s where regtech for banks can help.

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Abrigo

JULY 27, 2023

Takeaway 1 Regtech uses new technologies such as AI and machine learning to streamline processes that keep organizations compliant. Regulatory technology, or regtech, can improve the efficiency and effectiveness of functions in many workplaces, and banks and credit unions are no exception. That’s where regtech for banks can help.

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Technology Fraud Compliance Regulation 195

Abrigo

JULY 25, 2022

Strong demand is a factor in the ag lending outlook ahead Ag lenders can begin taking steps to ensure they are prepared and can provide positive customer or member experiences. The outlook for ag lending has its share of uncertainty. Inflation, rates are factors in ag lending outlook. Farmers expect worse in 2023. Rising inputs.

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PYMNTS

APRIL 8, 2020

And even as financial institutions began to smooth out the process, the initiative hit another snag Monday when reports emerged that the SBA’s computer systems had crashed. Bottomline Technologies. Small businesses, meanwhile, can use the platform to apply online as fewer physical bank branches are available. Funding Circle.

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Abrigo

FEBRUARY 25, 2022

Personalized Touch with Efficient Service Can Boost Lending Banks and credit unions can boost business lending by combining a relationship focus with transaction-oriented processing. . Takeaway 3 Technology allows lenders to blend these approaches while achieving greater economies of scale. Lenders Easing Terms.

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Abrigo

JUNE 9, 2020

Technology has enabled financial institutions to operate more quickly and efficiently, creating a better experience for customers. Eliminating manual data entry, and, thus, data entry errors, is key to efficient and compliant lending. Compliance is at the center of the lending process at financial institutions. Learn more.

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Technology Lending Compliance Data 195

Abrigo

JULY 5, 2020

Key Takeaways Credit unions participating in the Paycheck Protection Program (PPP) found that the right technology helped them serve business members when they needed help and also gain new members. Technology can facilitate delivery on credit unions' brand promise of relationship-based services. of all approved loans in the program.

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Technology Lending Capital Meeting 195

Accenture

JUNE 22, 2022

The technology behind lending systems has advanced significantly in recent years, and commercial banks are keen to take advantage of those advances and improve their processes to unlock the value that modern systems can provide.

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Gonzobanker

MARCH 21, 2024

According to Patrick Reily, co-founder of Uplinq , a technology firm that helps small business owners gain access to fair and ethical credit, “Using the FDIC’s definition, 80% of the small businesses in the U.S. Minority small business owners need ‘fair and accessible’ lending. The problem is even worse in 2024. are ‘underserved.’”

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Abrigo

SEPTEMBER 20, 2021

You might also like this whitepaper: "Beyond PPP: Propel Growth and Profitability with Technology.". A broad small business lending data rule. The proposed small business lending data collection rule, unveiled Sept. The proposed small business lending data collection rule, unveiled Sept. Proposal Issued.

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Lending Data Compliance Regulation 195

Abrigo

JULY 20, 2021

From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Takeaway 1 SBA lending can expand your product offerings to help win deals with prospects and existing business customers or members. Why SBA Lending? Looking to Increase Loans through the SBA? 1 and Sept.

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Abrigo

DECEMBER 31, 2019

The top lending and credit blog posts focused on improving loan pricing, creating a better experience for borrowers, and developing risk ratings. Those priorities are apparent in the most popular Abrigo lending and credit blog posts for the year. Popular articles about credit, lending. Top blog posts reflect bank, CU priorities.

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Gonzobanker

FEBRUARY 22, 2024

For bankers to be successful in the small business lending market, they need to execute on several key tenets: strategy, people, process and technology. Another key player for successful small business banks is the vice president of business lending, who manages the relationship managers and reports to the chief lending officer.

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PYMNTS

NOVEMBER 25, 2019

The wholesale car financing arm of JPMorgan Chase is putting together a plan to finance the creation of a blockchain-based automobile inventory system, The BlockCrypto reported on Friday (Nov. The inventory system would digitize floor plan financing using the company’s patent-pending ledger-based floor planning methods.

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Abrigo

NOVEMBER 6, 2019

Small Business Loans | 5 minute read Key Takeaways Credit unions' small business loans hit a record low, while small business lending continues to remain strong at big banks and community banks. Going digital can help reduce the cost of small business lending and capture more member business loans. Talk to an expert.

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PYMNTS

JULY 29, 2020

The Tel Aviv Stock Exchange (TASE) has launched a new central blockchain securities lending platform in Israel, according to a press release — the first in the area. The project was started in March 2020 and tested lending transactions in the new platform.

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Abrigo

SEPTEMBER 9, 2019

The same is true of financial institutions when they consider technology investments to transform their lending and credit operations. Many banks and credit unions are operating with legacy systems – whether legacy IT or legacy processes. Their systems have been tweaked and patched over the years.

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PYMNTS

JANUARY 7, 2020

and beyond, with small business lending a particular focal point of these partnerships. Banks Embrace FinTech For Business Lending. Several banks have recently announced collaborations with banking Software-as-a-Service (SaaS) and loan technology service providers to augment their corporate and small business lending capabilities.

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PYMNTS

MARCH 26, 2019

The industry indeed proved to be lucrative for FinTechs, with alternative lending often landing at the top of venture capital investment reports with giants like Kabbage , OnDeck and LendingClub securing an early lead in the industry. Further, GLI Finance revealed a $25.93 Further, GLI Finance revealed a $25.93

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Abrigo

OCTOBER 20, 2021

How to Get Buy-in When Implementing New Technology Achieving 100% adoption is attainable if financial institutions are willing to put the best change management practices in place. Takeaway 1 One of the most important pieces to garnering employee buy-in for new technology is communication. Communicate the purpose.

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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.

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Perficient

FEBRUARY 29, 2024

Driven by technological advancements, regulatory changes, and shifting consumer preferences, the banking industry must evolve and respond accordingly. Going forward, banks should: Implement AI-driven systems to streamline credit decision processes, reducing decision times, and enabling faster responses to loan applications.

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Abrigo

AUGUST 19, 2020

How can your transaction monitoring system detect trending COVID-19 related fraud? Whether or not your monitoring system includes a separate fraud suite, your anti-money laundering (AML) system has always detected fraud, either in the form of elder financial exploitation or other fraud typologies. Lending & Credit Risk.

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Abrigo

JULY 3, 2019

The lending landscape is growing increasingly competitive, and the loan process can be frustrating and time-consuming. A loan origination system (LOS) can provide clarity to the intertwined data web that the loan lifecycle weaves , but not every LOS is built the same. The systems need to talk and work together. Request a demo.

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System Lending Software Data 150

BankUnderground

AUGUST 9, 2022

We argue that if an open and decentralised metaverse grows, existing risks from cryptoassets may scale to have systemic financial stability consequences. But many of the enabling technologies to create this ecosystem do already exist. It contains many platforms, with interoperability a critical component.

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Abrigo

AUGUST 6, 2021

Community banks are critical to ag lending and small business lending. Additionally, community financial institutions are more likely to leverage relationship lending to help smaller businesses obtain loans that they might not be able to secure with larger institutions based solely on their financial information. Digitalization.

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Gonzobanker

JANUARY 4, 2023

Back in the day, when I was the CIO of a bank, we had a Technology Plan. It was a single document that had every aspect of the bank’s technology goals for the year – hardware, software, vendors, projects (all led by information technology, or IT, by the way) – the entire bank IT budget. John Brunner. The result?

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Gonzobanker

MARCH 13, 2018

As many community banks focus on growing their commercial lending businesses, many are embarking on transformation initiatives to improve their capabilities and competitiveness. Not surprisingly, many look to technology to support the transformation. But improving the user experience is rarely a goal of a lending transformation.

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