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Preparing your financial institution to manage loan workouts, loan modifications

Abrigo

Managing loan workouts and modifications Tips for preparing your bank or credit union to handle an increased volume of problem loans while ensuring prudent credit risk management. You might also like this video, "A look at credit risk in a rising-rate environment." Why get ready for managing loan modifications and loan workouts?

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5+ Areas Financial Institutions Must Focus on in the Current and Post-COVID-19 Era

Perficient

Financial institutions must begin now to prepare a solid 2-year plan to manage this transformation; otherwise, they will lose ground to new competitors entering their footprint. This will now be the ‘new normal” for customer onboarding across all products and services, whether retail and commercial.

Video 520
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Auto Marketing Will Support The Digital Shift

PYMNTS

In a time period dominated by retail sales declines, the hardest hit has been the automotive industry. While March retail sales dropped 8 percent overall, new cars dropped as much as 36.9 For example, a company called Flick Fusion has introduced a video platform for dealers to communicate with customers remotely.

Marketing 195
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Facebook Readying Video Chat Device Dubbed Portal

PYMNTS

Facebook is gearing up to enter the hardware market with Portal, its video chat device aimed at Amazon’s Echo. Facebook is reportedly looking to market Portal at a price of $499, but could go lower to spark demand. A formal announcement about the device is planned for May. ”

Video 102
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Subscription Commerce Is Expanding Beyond Retail

PYMNTS

News came last week that Facebook is trying to get into the video streaming subscription business and attempt to steal market share from YouTube and Amazon. This is the first time Facebook is trying to sell subscriptions directly to users without an intermediary, indicating eagerness to enter the video streaming business.

Retail 118
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Burger King, Steak-umm And Next-Level Social Media Marketing

PYMNTS

Customer service should be fit for a king," Burger King exclaimed in a video about the guerilla-marketing campaign. Daniel Schröder, marketing director at Burger King Sweden and Denmark, told Adweek that the new social media push grew out of an effort to fix the chain’s own online communications with guests. A free Whopper.

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Lexus Gains A Partner In Online Reputation Management

PYMNTS

With so many retailers hustling to capture the digital shift, it’s easy to let the details suffer. A new category is starting to grow around this area of online reputation management, with Lexus one of the latest brand names to embrace it. “At Lexus, we have always held guest experience as our top priority.

Online 151