PYMNTS

AUGUST 2, 2018

This technology is also changing how consumers lend and borrow money, according to Travis Holoway, founder of short-term lending exchange platform SoLo Funds , particularly when it comes to low-dollar or short-term loans. What we’re trying to do is bring that technology to lending.”. P2P Payments To Power Loans.

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Lending Tools Technology Millennials 138

Gonzobanker

FEBRUARY 22, 2024

The right talent and tools can equip bankers to take advantage of opportunities in the small business market. For bankers to be successful in the small business lending market, they need to execute on several key tenets: strategy, people, process and technology.

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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.

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Lending Analysis Strategy Management 156

Bank Innovation

JUNE 22, 2018

For a long time, expensive underwriting kept banks away from small business lending. The most recent example of a bank taking note of this area is KeyBank’s acquisition of Bolstr’s SMB-focused digital lending platform, which it announced this week. But not anymore. Terms of the acquisition were not disclosed.

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Lending Tools Examples Online 210

Abrigo

APRIL 1, 2020

The first is to complete loan data file transfers in XML format, either through a system such as the Sageworks SBA Lending Software , or from a bank’s proprietary system to the SBA’s E-Tran database. It’s a great tool, especially in times like this when you don’t want people to meet face to face.” Lending & Credit Risk.

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PYMNTS

OCTOBER 9, 2020

The pandemic has cast a chill across the loan process, but Matt Harris , co-founder and CEO of Bloom Credit , told PYMNTS that a lack of credit data and creative alternative solutions might be causing even more lending problems. He said Chime is a good example of the years of work required to come to market with a new credit product.

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Lending Data Compliance Tools 282

Bank Innovation

OCTOBER 24, 2017

EXCLUSIVE – It is not everyday that a new tool for banking at the infrastructure level is introduced, but that is exactly what Finspace has unveiled today. The new tool, a beta of which is being made available today, is called Finspace, and it serves as a pipeline between banks and businesses for the exchange of […].

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Tools Operations Online Lending 284

PYMNTS

AUGUST 22, 2019

Amazon is on track to invest upwards of $15 billion this year in new tools to help small and medium-sized businesses (SMBs) grow and succeed, according to a press release. . To aid SMBs, 150 new tools have been launched since the beginning of the year, the company announced on Thursday (Aug 22).

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Tools America Retail Survey 184

PYMNTS

JULY 20, 2020

” The tool is an open architecture technology that Biz2Credit made through its unique Biz2X Platform , per the announcement. In April, the AICPA was seeking to have the Federal Reserve make a federally-backed, short-term accounts receivable (AR) lending facility to connect SMBs with immediate cash flow.

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Tools Lending Policies Technology 144

American Banker

JANUARY 19, 2024

Bank regulators Friday said the existing laws governing safety and soundness and fair lending are adequate to address risks posed by artificial intelligence, noting that while AI may be used to inform lending decisions, banks are ultimately responsible for compliance.

Regulation 88

Regulation Tools Compliance Lending 88

PYMNTS

FEBRUARY 6, 2019

It also offers access to real-time advice in one tool with new functionality. The company said that with the tool, the bank aims to be the one-stop shop for business owners to manage all of their finances and grow their enterprises. The solution goes hand-in-hand with Bank of America’s mobile lending platform.

America 181

America Tools Mobile Analysis 181

Abrigo

MARCH 14, 2024

You might also like this SMB Lending Insights report for banks and credit unions Download report Takeaway 1 Banks need to implement customer retention strategies to keep their valuable customers, not just attract new ones. Community lending software can help get you there. Read the buyer's guide to lending solutions.

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Lending Strategy Community Software 195

PYMNTS

JANUARY 12, 2021

Porter Capital , which works with accounts receivable (AR) financing and asset-based lending solutions, will provide more funding for businesses in need of extra money from their current Paycheck Protection Program (PPP) funds, according to a press release.

Capital 178

Capital Tools Lending Community 178

BankInovation

MARCH 30, 2021

Blend continues its push to automate aspects of mortgage loans, today releasing a lend officer tool that automates parts of the lending process. The San Francisco, Calif.-based

San Francisco 98

San Francisco Tools Lending Management 98

PYMNTS

JANUARY 30, 2019

Financial technology (FinTech) company Numerated , which links financial institutions (FIs) with digital business lending and sales solutions, has announced a partnership with PayNet to integrate risk analytics into its offering. In a press release issued on Tuesday (Jan.

Analytics 144

Analytics Lending Tools Community Bank 144

BankInovation

MAY 14, 2021

RealKey launched its automated lending platform on Wednesday, entering a crowded market of fintechs that digitize and automate mortgage lending.

San Francisco 72

San Francisco Lending Marketing Tools 72

PYMNTS

MAY 5, 2020

Digital lending marketplace BitX Funding , which matches business owners and non-bank lenders, is aiming to help Amazon third-party (3P) sellers grow. In August 2019, news surfaced that Amazon was on track to invest upwards of $15 billion in new tools to help small and medium-sized businesses achieve growth and success.

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Lending Online Tools Capital 159

PYMNTS

FEBRUARY 20, 2020

As Open Banking spreads further into the small business (SMB) financial services market, accounting and lending platforms are taking advantage. If FinTech firms don’t agree, JPMorgan will bar them from accessing the information, reports said, as well as screen-scraping tools. FreshBooks Inks Tax Integration Deal.

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Lending Taxes Fintech Data 217

PYMNTS

NOVEMBER 21, 2019

Banking Circle , a company that provides global B2B payment solutions, is collaborating with payment processing company Cardstream to deploy a small business lending solution. “As part of this, we wanted to deliver a more accessible lending solution for businesses in need of a financial boost. .”

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Lending Tools Payments Branding 110

Independent Banker

OCTOBER 31, 2021

Offering digital lending isn’t about the bells and whistles. started developing its digital lending platform about three years ago—and the bank is really glad it did. “I’m Community bankers are increasingly recognizing that the future of digital lending is here. Illustration by Out of the box/Stocksy. By Beth Mattson-Teig.

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Lending Community Bank Community North Dakota 91

Abrigo

OCTOBER 19, 2023

On the loan origination side, Abrigo’s Sageworks Lending product was lauded for its ease of use. “We have been using the Sageworks Lending software for over three years,” said one reviewer. “It We use a lot of the lending modules and love how everything integrates, creating efficiency and ease of use.”

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Software Lending Resources Community 221

BankInovation

OCTOBER 5, 2021

1, aims to provide financial institutions with support for automated lending processes. Microsoft’s new cloud service for financial services companies, set to launch Nov.

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Lending Tools Management Company 98

Bank Innovation

JUNE 20, 2019

Citizens Bank is generating one-third of its mortgage applications online, thanks to a suite of tools the company rolled early this year and a partnership with San Francisco-based fintech firm Blend.

San Francisco 199

San Francisco Tools User Experience Fintech 199

PYMNTS

OCTOBER 25, 2020

The pandemic sped up the need for the loan providing services StreetShares offers, the release stated, as lenders sought out software to lend money through the Paycheck Protection Program (PPP) digitally. StreetShares launched in 2019. Since January, the company has grown to 53 FI clients, nearly double what it had before.

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Lending Community Bank Community Fintech 160

Bank Innovation

NOVEMBER 6, 2017

EXCLUSIVE- PFM app MoneyLion today launched an investment tool called MoneyLion Plus, that aims to help the average American save money. How do you save money? How do you invest? A lot of people don’t,” Tim Hong, MoneyLion chief marketing officer told Bank Innovation.

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Tools Innovation Marketing Online 268

PYMNTS

NOVEMBER 2, 2020

In today’s top news in digital-first banking, BlockCard is teaming with peer-to-peer (P2P) bitcoin marketplace Paxful for a new crypto debit card, while the Federal Reserve Board has modified the terms of its Main Street Lending Program (MSLP). Fed Adjusts Main Street Lending Terms to Help Small Businesses.

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Maine Lending Cards Bitcoin 148

PYMNTS

JUNE 6, 2019

When it comes to small business (SMB) lending, the top two contenders for business owners are banks and alternative financiers or online marketplaces. The SBA and NCUA collaboration is a three-year agreement that aims to build upon that momentum, and heighten CUs’ share of the SMB lending market. Credit Unions In Growth Mode.

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Lending Analytics Data Security 129

PYMNTS

JANUARY 8, 2021

Today in B2B payments, ActiveWorx launches its B2B payment optimization tool, while PayJunction debuts an eInvoicing feature. The tool can be used to control administrations and approvals, with a lone sign-on and "intuitive" user interface, according to the release, and it can help with saving time and providing visibility.

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Tools Payments Video Lending 215

Bank Innovation

JULY 5, 2019

The Bank of Montreal has launched a mobile loan application tool for its Canadian customers. Brett Pitts, BMO's chief digital officer, told Bank Innovation the product rollout was a response to customer demand. Customers were looking for a solution that would simplify the process and provide them with a real-time decision,” he said.

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Tools Mobile Innovation Operations 186

PYMNTS

MARCH 7, 2019

The card network has partnered with Open Banking service Konsentus to add an identity and regulatory checking service to its roster of Open Banking tools and technologies. How PSD2 is Changing Lending in the U.K. For more on the security and privacy issues surrounding these regulations, visit the Tracker’s News & Trends section.

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Lending Regulation Regional Data 198

PYMNTS

JANUARY 22, 2019

Investors have backed Switzerland-based FinTech startup KiWi to help the firm expand its small business payments and lending operations in Mexico, reports in BankingTech said Monday (Jan. The company also integrates a financing service for small firms, using data from the POS tool to analyze cash flow.

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Lending Payments Tools Capital 137

PYMNTS

DECEMBER 16, 2016

15) the launch of Consumer Credit Trends, a web-based tool to help consumers monitor developments in consumer lending and to ascertain potential future risks. In a press release, the CFPB said the beta version of the tool encompasses the mortgage, credit card, auto loan and student loan markets.

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Tools Risk Management Cards Management 100

Abrigo

FEBRUARY 14, 2024

Find commercial real estate risks in the loan portfolio Sound risk management practices in commercial real estate lending help lenders manage CRE credit losses and protect the portfolio's profitability. You might also like this podcast, "How to sleep easier at night about your capital and risk levels."

Risk Management 195

Risk Management Management Lending Capital 195

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

AUGUST 23, 2018

When Renaud Laplanche launched hist latest lending start up, Upgrade, the venture was both quite similar to and yet quite different from his previous endeavor, LendingClub , the platform that made “marketplace lending” a household phrase in the U.S. It is a much better declined experience,” Laplanche noted.

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Lending Fintech Tools How To 100