Remove 2006 Remove Lending Remove National
article thumbnail

The evolution of AI & lending: Parallel journeys shaping the future

Abrigo

This article covers these key topics: The evolution of AI Lending: A legacy of data-driven innovation Generative AI in lending: The next frontier Abrigo's approach to AI Parallel journeys of AI, banking technology Artificial intelligence (AI) is often heralded as a revolutionary force in todays world, but its story stretches back decades.

Lending 221
article thumbnail

OCC cites loosening of underwriting standards as a top supervisory concern

Abrigo

The report, based on data through the end of 2014, discusses risks facing national banks and federal savings associations, and focuses on issues that pose threats to the safety and soundness of those OCC-regulated institutions. On June 30th, the OCC released its Semiannual Risk Perspective for Spring 2015. percent versus a 3.5

Maine 150
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

What's With Regulator Agita Over Bank Commercial Real Estate Lending?

Jeff For Banks

Today, I read an American Banker article on how a multi-billion dollar bank is going to ramp up its business lending. To remind readers, in 2006 the OCC, Federal Reserve, and FDIC issued joint interagency Guidance on Concentrations in Commercial Real Estate Lending. They need a marketing person to title their reports.

Lending 60
article thumbnail

What Cambodia’s Debt Crisis Means For Microlending

PYMNTS

The trouble, of course, is that median household income is not rising nearly as fast as the loan amounts are — which is rapidly turning Cambodia into a debtor nation with growing numbers of consumers unable to pay off those debts. That median amount was $200 in 2004 and $1,000 in 2014.

Report 158
article thumbnail

FinTech’s Bright Future Marred by Hype

PYMNTS

A few days later, one of the founding fathers of FinTech, Renaud Laplanche , was forced out of Lending Club, the peer-to-peer lender he founded in 2006, following scandals over loan disclosures and conflicts of interest. The really interesting, though less juicy, story is what got Lending Club into trouble.

Bitcoin 100
article thumbnail

Addressing The Symptoms Of Pharmacies’ Cash Flow Ailments

PYMNTS

With prescription drugs representing 92 percent of sales revenue, according to the National community Pharmacists Association, thinning margins — and frequent losses — from this side of the business can be fatal. The issue of below-cost reimbursements is perhaps the biggest cash flow pain point for small business owners in this industry.

Capital 130
article thumbnail

Sizzle/Fizzle: AI Soars, Toys R Us Sinks And Start-Ups Struggle

PYMNTS

It is well below that of 2006, when that same figure hit 558,000 – and still trailing the 500K-600K that was the average in the U.S The slowdown in new businesses being founded in the 1980s and 90s was largely quarantined to certain segments – especially retail, where corner stores and regional brands were falling to larger national chains.

US 108