South State Correspondent

NOVEMBER 14, 2023

That answer depends on the strategy your bank is pursuing and the underlying business model your bank chooses to leverage. In this article, we look at two very similar institutions, but ones with different bank business models, and show how their model impacts performance. The data is startling.

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South State Correspondent

AUGUST 31, 2022

Banks are full of documents. In this article, we detail the state of document intelligence for banks and highlight how it leverages the latest in artificial intelligence (AI) and workflow automation. What to Look for in A Document Intelligence Platform. Each document contains an extensive array of data.

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Training Data Examples Taxes 448

PYMNTS

OCTOBER 29, 2020

Radius Bank has advanced in its relationship with application programming interface (API) firm Treasury Prime with the rollout of its Commercial API Banking Platform and sandbox testing technology, according to a Thursday (Oct. 29) announcement. “We In May, Treasury Prime landed $9 million in a Series A funding round.

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PYMNTS

APRIL 14, 2020

To provide regional and community banks with a full-scale solution to manage and grow their FX programs, FinTech firm Derivative Path, Inc. and global payments platform Currencycloud have partnered. The DerivativeEDGE platform has been created to be a fully end-to-end system for FX, interest rate derivatives and hedge accounting.

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Regional Community Bank America Community 181

PYMNTS

MARCH 13, 2020

The bank is making an investment of €30 million in the firm, which automates as well as digitizes management of trade finance transactions for corporate clients from start to finish, according to an announcement. San Félix is becoming a part of the firm to chair its board, and the bank will have four of seven seats on the board.

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South State Correspondent

AUGUST 21, 2022

Last week we wrote about loan-level vs. balance sheet hedging for community banks and provided our loan proposal generator ( HERE ). We compared and contrasted the two strategies and sized the market for community banks. A community bank may transact one or only a few balance sheet hedges over many years.

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Independent Banker

APRIL 30, 2022

Ashley Horner (right), senior vice president and SBA loan administrator, shown with portfolio manager Melanie Elmore, says Summit Bank is on track to make $30 million in SBA loans this year. Loan providers share an infectious enthusiasm and growing optimism for one vertical’s prospects in 2022: commercial lending. By Beth Mattson-Teig.

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Lending Community St. Louis Community Bank 158

PYMNTS

FEBRUARY 6, 2020

Chicago-based Signature Bank is rolling out a technology platform called Finrails AP to simplify B2B payments, the company announced on Thursday (Feb. Payments are facilitated using virtual Visa commercial cards, ACH and checks. Payments are facilitated using virtual Visa commercial cards, ACH and checks.

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Illinois Chicago Cards Payments 167

PYMNTS

JULY 2, 2020

With the pandemic nudging businesses further into the digital payments realm, commercial card innovation is heating up to capitalize on the opportunity for adoption. Boost Bolsters BMO Harris Bank’s Biz Cards. ” Capital On Tap Enables Receipt Bank Card. ” Mastercard, EedenBull Expand Into APAC.

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Cards New York Capital Compliance 208

Abrigo

APRIL 21, 2020

Key Takeaways Beneficial State Bank, a Community Development Financial Institution (CDFI) was able to award SBA approval for 333 Paycheck Protection Program loans worth $94.5 The CDFI instated Abrigo's SBA Lending technology platform and systemized approach soon after business owners were able to begin applying for PPP loans.

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PYMNTS

JANUARY 21, 2021

Despite the ongoing challenges of the pandemic as well as the costs of what has been dubbed “the first large bank merger of the digital age,” Truist Financial announced Thursday (Jan. The nation’s sixth-largest commercial bank, which was formed and finalized in December 2019 through the merger of BB&T and SunTrust, credited its record $1.6

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PYMNTS

NOVEMBER 18, 2020

Mastercard is teaming up with Network International , which works in digital commerce for the Middle East and Africa, to help drive the adoption of commercial payment services in that region, according to a press release.

Cards 188

Cards Regional User Experience Payments 188

PYMNTS

JANUARY 4, 2019

Chesapeake Bank is expanding its alternative lending division, Cash Flow, with ProfitStars ‘ Commercial Lending Center Suite. “The full lifecycle management platform enables us to offer our clients a better experience, and allows us to focus on risk management and excellent customer service.

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Online Lending Risk Management US 139

PYMNTS

NOVEMBER 9, 2020

But for the commercial spending technology world, these forecasts aren't exactly rosy. What's more, the market lull may offer a moment to focus on innovation for the future as commercial payment habits shift — perhaps permanently. Boosting The Banking Experience. For some organizations, this may be good news for the bottom line.

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PYMNTS

APRIL 13, 2020

Aquilina previously spent almost eight years working in commercial card products at Mastercard prior to joining the Portland, Maine-based WEX. Bank and was in charge of fleet card programs. “As WEX processed nearly $40 billion in transactions globally on its platform in 2019. He also previously worked at U.S.

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Payments Portland Strategy Innovation 239

PYMNTS

MARCH 19, 2020

The Federal Deposit Insurance Corporation ( FDIC ) gave the green light to an application from the FinTech firm Square to create a de novo industrial bank in Utah, the agency said on Wednesday (March 18). Square Financial Services will originate commercial loans to the retailers that use Square for payments. Square, Inc.

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South State Correspondent

OCTOBER 26, 2023

In this article, we detail our thoughts and the trends we saw last week in Las Vegas from a banking perspective in hopes of giving you the flavor and insight from the conference without you having to walk 10 miles per day and listen to endless vendor pitches. In order of our perceived importance, here is our breakdown: 10.

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Conference Las Vegas Fraud Case Study 221

PYMNTS

MAY 13, 2020

EedenBull , a Norwegian FinTech, has rolled out its new commercial card platform to banks to take advantage of better B2B payment capabilities, according to a press release. At EedenBull, we uniquely combine specialist commercial payments expertise with tech savvy talent, making us the ideal partner to banks going forward.”.

Cards 145

Cards Fintech Payments Management 145

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

PYMNTS

AUGUST 21, 2019

Commercial bill pay company Plastiq has announced that starting on Wednesday (Aug. Visa commercial cardholders will be able to use the Plastiq to pay vendors, even if they don’t accept credit cards, the company said in a release. . Bank Business Leverage Visa Signature was recently created by U.S. Bank Business Leverage card.

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Company Cards Capital US 171

PYMNTS

JANUARY 14, 2021

Rho Technologies , the FinTech behind Rho Business Banking, has raised $15 million in a Series A round, according to a press release. With the proceeds, the company plans to work on expanding its team-oriented commercial banking platform, including launching an integrated accounts payable (AP) platform Wednesday (Jan.

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Technology Capital Branding Innovation 168

PYMNTS

MAY 14, 2020

The enterprise settlement technology of EMQ lets companies, banks, and other licensed financial institutions access same-day settlement with more transparency, certainty, and speed in important European and Asian strategic markets.

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System Payments America Security 255

PYMNTS

OCTOBER 8, 2019

According to Kantox, the company will provide its FX management and business payment solutions to Citi Commercial Bank’s international businesses based in the U.S., enabling those firms to access a custom platform that integrates with Citi’s existing foreign currency payments solution.

Software 186

Software Management Trends Tools 186

PYMNTS

AUGUST 27, 2020

Bill.com , which works in cloud-based software to simplify payments through automation, has partnered with KeyBank to introduce Key CashFlow sm , which aims to help small to medium-sized businesses (SMBs) and commercial customers with online banking, a press release says.

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Online Resources Software Management 152

PYMNTS

DECEMBER 10, 2020

Bank of America (BofA) is introducing a cross-border payment tracker and expanding SWIFT gpi to support more than 140 currencies, accessible through the integrated CashPro platform. Customers can make payments via Bank of America’s SWIFT gpi solution. 10) press release. “Our 10) press release. and Ireland at SWIFT. .

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America Payments User Experience Tools 261

PYMNTS

NOVEMBER 20, 2019

Much of what commercial card innovators seek to address is a massive pain point for adoption: supplier acceptance. However, in this week’s Commercial Card Innovation roundup, it wasn’t the point of friction that technology firms were addressing. Such was the strategy of JPMorgan in its latest corporate card initiative.

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Cards Innovation Fintech Payments 155

Abrigo

AUGUST 2, 2023

CRE credit risk is in the spotlight A structured approach to assessing commercial real estate risk helps banks and credit unions address inquiries about the health of CRE loans. The scrutiny is understandable, given financial institutions’ exposure to commercial real estate and current economic and market forces. estimates $1.45

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Report Risk Management Lending Analysis 195

PYMNTS

MARCH 8, 2019

Reports in the Global Banking & Finance Review said this week that HSBC launched the APIs and developer portal to enable third-party payment companies to deploy their own solutions for business and consumer customers. . under its Commercial Banking unit. Head of Digital Banking EJ Achtner in a statement last October.

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Data Digital Banking Compliance Payments 169

PYMNTS

MARCH 10, 2020

According to Jack Henry , the SilverLake System is a banking platform that provides automation designed for commercial banks of all sizes. The integration is going to let banks automate some of the last manual processes of AR financing to improve efficiency and transparency.

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Tennessee Georgia United States System 150

PYMNTS

JULY 9, 2019

small business lender and commercial card company Capital on Tap is collaborating with accounting software company Receipt Bank to launch the Receipt Bank Card, a commercial card solution for small businesses, according to a press release Monday (July 8).

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Capital Cards Software Taxes 143

PYMNTS

JULY 8, 2020

With commercial cards an increasingly popular choice in the B2B payments space, industry innovators are exploring pockets of opportunity to drive adoption through mitigating friction. For others, commercial card innovation comes in the form of overcoming the adoption hurdle of a lack of supplier acceptance. InstaRem Expands BizPay.

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Cards Capital Innovation Payments 132

PYMNTS

JULY 15, 2020

With Paxos Crypto Brokerage, companies can leverage our expertise and regulatory compliance to easily and securely integrate crypto into their applications. debut in March, teaming up with Metropolitan Commercial Bank to offer FDIC -insured accounts that can be opened and accessed through smartphones. Revolut made its U.S.

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South State Correspondent

MARCH 5, 2022

Community banks face intense competition for profitable borrowers and relationships. In this current market, swap spreads are negative, and banks that can utilize swap spreads in pricing loans gain a substantial pricing advantage. The Impact on Bank Lending. Using Swap Spreads for Loan Pricing. Treasury sovereign debt.

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Community Bank Lending Community Regional 195

PopularBank

OCTOBER 19, 2021

Popular Bank, a subsidiary of Popular, Inc. K2 has become a part of Popular Equipment Finance LLC, a wholly owned subsidiary of Popular Bank. Equipment financing further develops Popular Bank’s healthcare financing capabilities. The post Popular Bank acquires equipment financing business to expand commercial offering.

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Minnesota Capital Resources Industry 98

PYMNTS

APRIL 15, 2019

Mastercard has announced it is upgrading commercial cardholders’ back-office insights by providing companies with more data for Amazon Business transactions. and Germany for business Mastercards that were issued by Bank of America Merrill Lynch, Barclays Bank, Citi, JPMorgan, Lloyds Bank, NatWest and Royal Bank of Scotland.

Data 177

Data Taxes Tools Analytics 177

PYMNTS

FEBRUARY 5, 2020

Commercial card technology can ease multiple pain points in B2B payments. But as today’s industry players reveal, the commercial card opportunity is often biggest in areas outside of the payment. Pleo Makes a Commercial Card Shift. We know the importance of cardholders’ preference for rapid self-service. “We Leavitt explained.

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Cards Payments Analytics Data 134

PYMNTS

MARCH 10, 2020

The London business lending platform Trade Ledge r is joining forces with Wiserfunding to give lenders and alternative financing providers the ability to evaluate the creditworthiness of its commercial users, Trade Ledger announced Tuesday (March 10).

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Lending Big Data Risk Management Marketing 130