PYMNTS

DECEMBER 9, 2020

Lukies said that prior to the 2008 financial crisis, regulators and the like normally left banks to their own devices, as long as they didn’t mess it up so that people couldn’t pay their bills or go shopping. Before 2008, banks were making a lot of money from a lot of things,” noted Lukies.

Innovation 306

Innovation Fintech Payments Regulation 306

PYMNTS

MAY 25, 2018

We have a lot of predatory lending out here, which we want to regulate,” Geoffrey Mwau, director general of budget, fiscal and economic affairs at the country’s treasury, said on Thursday (May 24). Once the money is deposited, Kenyans can spend it anywhere in the country. Suri told the paper the kiosks act as debit cards.

Regulation 101

Regulation Lending Mobile Course 101

PYMNTS

OCTOBER 26, 2017

It was the (initially) small FinTech startups that delivered a collective shakeup to the small business (SMB) lending industry. Their next target could be small business lending, and according to some experts, it’s fast approaching the market. New reports in Bloomberg on Wednesday (Oct. We’re starting to see that.”.

Lending 109

Lending Google Fintech Industry 109

PYMNTS

AUGUST 11, 2020

And as reported in the Financial Times , banks that are relatively more dependent on lending activities to keep operations afloat are facing challenges that have not been seen since the financial crisis and recession of more than a decade ago. Cash crunches, of course, make carrying debt all the more burdensome.

United States 217

United States Survey Maine Course 217

PYMNTS

MARCH 8, 2019

Alternative small business lending firm Funding Circle has announced plans to launch in Canada. The company issued a press release Thursday (March 7) announcing it will add Canada to the list of jurisdictions in which it operates, which currently include the U.S., Germany and the Netherlands. Funding Circle’s U.K. market.

Lending 149

Lending Operations National Strategy 149

Bank Innovation

OCTOBER 17, 2016

Recently a federal appeals court decided that the Consumer Finance Protection Bureau—a federal organization designed to safeguard against some of the pitfalls that led to the 2008 crisis—had been operating unconstitutionally, something which is certainly a blow to the agency itself and will no doubt have ramifications for how it Read More.

Fintech 150

Fintech Operations Compliance Lending 150

PYMNTS

MAY 25, 2016

Reports by Financial Times said on Tuesday (May 24) that Wells Fargo vowed to continue to lend to businesses that have significant outstanding debt against the guidance of U.S. ” Reports said Wells has pursued greater market share in its non-retail banking operations since its acquisition of Wachovia in 2008. .

Lending 100

Lending Regulation America US 100

Abrigo

JULY 20, 2021

From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Takeaway 2 Far fewer financial institutions regularly participate in SBA (7a) lending than the more than 5,000 that joined the PPP. . Why SBA Lending? Want other articles like this on SBA loan origination in your inbox?

Lending 195

Lending FDIC Capital Risk Management 195

PYMNTS

AUGUST 20, 2020

million SMBs operate across the country and account for 64 percent of new jobs. Only 35 percent of such businesses make it past their first decade in operation. SMB Lending Risks. Lenders are struggling to detect and stop these fraud attempts, with only 43 percent saying that they are very effective at identifying lending fraud.

Fintech 177

Fintech Fraud Lending Regulation 177

BankUnderground

JULY 20, 2022

In a recent paper we explore the effect on bank lending by combining data on exposure to negative rates with banks’ balance sheets, the Spanish credit register and firms’ balance sheets. This effect was especially strong for undercapitalised banks and lending to risky firms. Why might negative rates work differently?

Policies 111

Policies Lending Capital Study 111

PYMNTS

SEPTEMBER 14, 2017

In recent years, banks have even seen greater competition in the lending market from new FinTech players that can quickly approve loan applications and distribute funds to lenders. Some of the more prominent names in the marketplaces lending space include OnDeck, Kabbage and Orion First.

Innovation 191

Innovation Lending Fintech Bitcoin 191

Abrigo

FEBRUARY 2, 2015

The banking industry has seen a steady stream of media attention since 2008, much of it in the form of stories about data breaches linked to major retailers or mega banks’ profits. More than three-quarters of the bankers surveyed offered that anywhere between five and 20 percent of their total operating costs are driven by regulations.

Community Bank 150

Community Bank Community Regulation Survey 150

Abrigo

JUNE 19, 2020

Credit risk operations, such as the allowance and stress testing, are not exempt. The 2008 financial crisis exposed significant weaknesses of relying on incurred losses. CRE Lending. Lending & Credit Risk. SBA Lending. How the Pandemic and PPP Have ‘Turbo-charged’ New Business Lending Strategies.

Lending 195

Lending Data Training Analysis 195

PYMNTS

MARCH 10, 2020

In a recent conversation with PYMNTS, Raghav Mathur, head of data science and analytics at Singapore-based Grab Financial Group , discussed the opportunities in data technology that can address the region’s most pressing SMB lending needs. In exchange, Grab gains greater visibility into SMB operations and performance. “By

Data 193

Data Lending Capital social media 193

Independent Banker

JUNE 30, 2022

Building trust with examiners became so important that when I was promoted to senior lending officer in 2005, I made it my mission that they wouldn’t uncover a problem I had not already identified. So, as you read this month’s lending issue, I encourage you to consider what steps you can take to be stronger and better.

Community Bank 171

Community Bank Community Lending Training 171

PYMNTS

SEPTEMBER 24, 2020

There is growing talk, too, of FIs pulling back from small business loans as they did in the wake of the 2008 financial crisis. Interest rates' historic lows are adding pressure on small banks to continue operating, noted Shah. That's one of our biggest fears," he said. "We

Community 193

Community Community Bank Regional Lending 193

PYMNTS

JANUARY 6, 2020

According to the survey, while revenues grew for most, the percentage of firms operating at a profit remained unchanged from the previous year’s report. The 2008 financial crisis gave rise to the alternative lending market as a result of a massive gap in available capital, especially for small businesses and startups.

Survey 130

Survey US Capital Lending 130

PYMNTS

JULY 17, 2019

Financial institutions are in a constant balancing act: open up access to capital for borrowers to promote economic growth and financial inclusion and mitigate against the risk exposure lending produces — sometimes with disastrous implications for the global economy.

Data 130

Data Management Analytics Compliance 130

Abrigo

DECEMBER 19, 2019

In 2020, we will likely see financial institutions putting more emphasis on automating time-consuming, manual processes that bog down lending decisions. By automating these mundane, laborious tasks, lenders and credit analysts are then able to focus their time on the borrower or member and make faster, more efficient lending decisions.

Lending 195

Lending Fraud Community FDIC 195

Abrigo

DECEMBER 22, 2023

Those read most often in the past year include several that offer practical advice for operating ALM and CECL models. Abrigo's most popular risk management blogs over the last 12 months cover topics that continue to catch the attention of professionals and regulators. The FASB’s description of proposed changes can be found here.

Risk Management 221

Risk Management Regulation Management Lending 221

Gonzobanker

MAY 9, 2017

Is automation a missing link to a more productive and profitable commercial lending department? The 2015 Cornerstone Performance Report found significant reductions among mid-size banks in both monthly loans originated and outstandings per commercial lending full-time equivalent employee. – Reduced overhead and cost per loan.

Lending 78

Lending Analytics Data United States 78

South State Correspondent

MAY 9, 2023

private and public lending markets are the world’s envy, with a wide availability of financing options for many capital seekers across the entire capital stack. Unfortunately, it is disruptive and costly when banks fail and Congress, regulators, and the public fret over the continued operation of the banking industry.

FDIC 195

FDIC Regulation Capital Management 195

PYMNTS

NOVEMBER 12, 2020

In the wake of the 2008 global financial crisis, new FinTechs surfaced to facilitate various forms of financing to small businesses as traditional banks pulled back from the market. While the world is one again in a precarious economic situation, this time around, bank lending has remained strong as a result of government programs.

Marketing 160

Marketing Industry Lending Fintech 160

PYMNTS

FEBRUARY 22, 2019

has reached pre-2008 levels, meaning banks are facing risk that is elevated above what has been seen since the financial crisis. “If operating conditions in the U.S. banks’ direct leveraged lending risk is contained and mitigated,” noted the report. economy will remain largely unchanged during that time period. “U.S.

Lending 116

Lending Marketing Capital Maine 116

PYMNTS

NOVEMBER 23, 2017

By the numbers , foreign firms will be able to own as much as 51 percent of domestic securities firms (including those in the fund and futures markets) operating in China, bumping the 49 percent cap up by two points. Now, total exposure to China, through lending, stands at $1.89 trillion at 2014’s end.

Marketing 128

Marketing Lending Security Operations 128

Jeff For Banks

APRIL 30, 2022

The much sought after "operating account." By the time the FF hit zero at the end of 2008, CRE was the last product standing. Two reasons, in my opinion: average balance per account, and operating expense per account. What does a "full relationship" mean? I thought, business loan plus a business checking account. CRE still wins.

Lending 78

Lending Massachusetts Taxes Community Bank 78

TheGuardian

JANUARY 15, 2023

The film opens in the wake of the 2008 financial crash: Fishwick’s customers are struggling to borrow from the high street, so he’s started lending them money. But to operate as a bank he needs a licence, and the Eton poshos regulating the banking sector decide he’s not the right sort of chap.

Lending 98

Lending Community Regulation Operations 98

BankUnderground

JULY 29, 2020

Guerrieri, Lorenzoni, Straub and Werning (2020) argue that while the lockdown is originally an (inflationary) negative supply shock because it keeps certain types of business from operating, the balance of the effects can resemble a (deflationary) demand shock under two conditions. Balance Sheets (Financial Assets Demand and Supply).

Policies 137

Policies Lending System Tools 137

PYMNTS

MAY 1, 2018

It’s a bold statement, considering that the lending space is still trying to articulate what, exactly, the financial inclusion problem is — and everyone else is still trying to figure out what, exactly, “machine learning” means and why it matters to them. First, many in the lending space may wonder, “What financial inclusion problem?”

Lending 143

Lending Data Compliance Tools 143

PYMNTS

NOVEMBER 16, 2017

Consider the fact that the big players in Western banking, which had built up holdings in Chinese financial firms, had to sell their stakes in the aftermath of the 2008 financial crisis. At the same time, the lending environment is marked by bad loans. In one sense, there’d be a rebuilding going on.

Marketing 101

Marketing Capital Lending Course 101

PYMNTS

OCTOBER 1, 2019

billion from the GAM Greensill Supply Chain Finance investment fund, operated by GAM and Greensill. GFG Alliance told the Financial Times that it is “satisfied that we have ample access to capital and headroom within our range of available lending facilities to satisfy the needs of our businesses and their growth.”.

Tools 160

Tools Capital Strategy Lending 160

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. Attorney Alex Tse. “We The Response.

Lending 135

Lending Fraud Management San Francisco 135

PYMNTS

APRIL 24, 2017

The Dodd-Frank Wall Street and Consumer Protection Act was supposed to prevent another 2008 banking meltdown — and solve the problem of “too big to fail.” Since the passage of Dodd-Frank, over 1,700 U.S. banks have disappeared.

St. Louis 105

St. Louis Regulation Compliance Community Bank 105

Perficient

MAY 17, 2022

In 2008, when the housing bubble burst, homeowners lost the houses they could no longer afford. We believe now is the perfect time for auto lenders to address their debt collection operations. It’s not pretty. Reporting and analytics to set and measure goals and forecasts for every process and function related to those goals.

Strategy 294

Strategy Customer Experience Study Technology 294

Independent Banker

JUNE 30, 2022

Here, we highlight some of last year’s most successful loan producers in the areas of agriculture, commercial and consumer/mortgage lending. The score combines the average of the bank’s percentile rank for lending concentration and for loan growth over the past year in each lending category. By Ed Avis. Methodology. AGRICULTURE.

Community Bank 172

Community Bank Community National Philadelphia 172

PYMNTS

MAY 24, 2016

The threat that is alternative lending is no more, according to a new report by Deloitte. The firm published a paper on the marketplace lending industry this week following a rocky month for the sector — the sudden exit of Lending Club’s CEO sent stocks tumbling. Soon after, the U.S. ” . . Nothing To Fear.

Report 100

Report Lending Industry Marketing 100

PYMNTS

AUGUST 25, 2016

Though small businesses have suffered from a gap in financing availability post-2008, the demographic continues to shape the financial markets. The company takes a more narrow focus to small business lending than some other FIs by targeting the western U.S. Bystry said that, when it comes to the western U.S., A Regulatory Touch.

Regulation 100

Regulation Lending Community California 100