Abrigo

MAY 30, 2017

The answer to this staffing problem is technology that streamlines and automates as many tasks at the institution as possible. By implementing automation technology each staff member can increase their productivity to get more done with the existing staff. This is doubly true when hiring additional staff can take several months.

Technology 150

Technology Community Bank Lending Community 150

Abrigo

SEPTEMBER 26, 2017

A major concern surrounding technology expenditures is whether the investments will generate a return for the accounting practice. However, identifying the return on investment begins with ascertaining which everyday challenges can be addressed with technology. The end result?

Technology 150

Technology eBook Taxes Meeting 150

PYMNTS

JANUARY 16, 2019

The CBA said it will look to include smaller and mid-sized banks on the platform, with eventual additions of tax agencies and customs activities to the platform. Separately, the South Korean government has been eyeing tax breaks for blockchain in a move that looks to bring innovation to the region.

blockchain 206

blockchain Taxes Security Survey 206

PYMNTS

SEPTEMBER 17, 2020

Physical documents introduce a trove of friction points for the enterprise. Whether that's a lack of security if a piece of paper falls into the wrong hands, or simply the pain of having to manually store a document or capture its data, paper is far from the most efficient way to do business. A (Digital) Document Deluge.

Compliance 157

Compliance Taxes Industry Data 157

Abrigo

APRIL 19, 2017

In the past couple of years, the lack of technology or automated processes for loan origination at banks and credit unions has been under an increasingly bright spotlight. Analysts at most banks and credit unions are still manually typing numbers from documents like tax returns into their spreading software.

Data 150

Data Taxes Software Analysis 150

Abrigo

JANUARY 7, 2021

Borrowers of less than $150,000 don’t have to provide documentation of this when they apply, but they must either provide it during the application, during the forgiveness application, or on SBA’s request. Relevant tax forms, quarterly financial statements, or bank statements are acceptable documentation. March 31 deadline.

Taxes 195

Taxes Lending Connecticut Capital 195

PYMNTS

JANUARY 24, 2019

Data and analytics company Ascension has suffered a data leak that exposed more than 24 million loan and mortgage documents from some of the country’s biggest banks. Unfortunately, the server wasn’t password protected, giving anyone access to the documents. It’s those documents that were exposed, Diachenko said.

Taxes 155

Taxes New York Security Data 155

Abrigo

JULY 19, 2017

One of the most common ways to import the data from a tax return into a digital system is to use Optical Character Recognition (OCR) software. OCR technology has been around for a long time, even before computers or the internet. This technology utilized light-detecting photocells to “read” patterns on a paper card.

Taxes 150

Taxes Software Data Lending 150

Abrigo

MAY 5, 2016

A recurring theme was time-wasted with data entry – reading tax returns and typing the data into spreads. Electronic Tax Return Reader (ETRR) was created to solve these problems, saving time and improving data quality for banks. The technology can save lenders or analysts on average 30 minutes per return.

Data 150

Data Taxes Analysis Software 150

South State Correspondent

MARCH 21, 2023

ERC gave eligible businesses a refundable tax credit of up to 50% of $10,000 for qualified wages paid per employee. Community banks can now white label this same product to onboard and process employee retention tax credits for the bank’s small business customers AND prospects. In 2020, the U.S.

Taxes 195

Taxes Community Bank Community Operations 195

PYMNTS

SEPTEMBER 18, 2018

The federal agency said it shut down websites where consumers could buy “fake financial and other documents – such as pay stubs, income tax forms, and medical statements – which can be used to facilitate identity theft, tax fraud, and other crimes,” according to an FTC statement. Federal Trade Commission on Tuesday (Sept.

Taxes 134

Taxes Fraud Operations Security 134

PYMNTS

OCTOBER 21, 2020

The hackers published the contribution in addition to tax receipts for 0.88 The document came after a teenage hacker and accomplices in July got into Twitter’s network, took control of different high-profile accounts, and tweeted out a “double your bitcoin” scam. in bitcoin ( valued at approximately $10,515 as of 7:04 P.M.

Bitcoin 234

Bitcoin New York Taxes Report 234

PYMNTS

JANUARY 27, 2020

The latest Workforce Spend Playbook examines how an increasingly younger workforce is changing employees’ and employers’ approaches to payment and expense spending, as well as the ways manual spending tools could hurt both during tax season and in spend reporting. How Business And Their Workers Can Avoid Frustrating Tax Mistakes.

Management 160

Management Taxes Tools Metro 160

PYMNTS

FEBRUARY 7, 2019

A new report from the State Bank of Pakistan says a lack of electronic payment services like PayPal in the country has led the nation to lose out on as much as $2 billion in payments related to the information and communication technology sector. ” The report concluded that proper documentation of that additional $1.5

National 165

National Taxes Report Payments 165

PYMNTS

APRIL 8, 2020

Many insurers offer mobile apps that enable customers to purchase plans, submit claims, upload accompanying photo documentation and receive their funds digitally, for example, with APIs facilitating apps’ payment and settlement services. Engaging in the digital realm also creates new opportunities, Latiff said. Making Money Move.

Taxes 247

Taxes Examples Payments Mobile 247

PYMNTS

FEBRUARY 15, 2019

“ CloudTrade ‘s patent-protected software uses unique, rules-based technology, with backward tracking search, to interpret, validate and extrapolate semantic meaning from complex documents, of any type,” explained CloudTrade Logistics Vice President Roger Hatfield in a statement. In an announcement on Thursday (Feb.

Marketing 151

Marketing Taxes Data Analytics 151

Abrigo

OCTOBER 20, 2016

The wave of technological innovation that has swept the business world in the past several years has fundamentally altered how many industries do business. Perhaps no industry has been so disrupted by this wave of technological innovation as the banking industry. Manual data entry is, simply, a pain.

Software 150

Software Lending Community Bank Taxes 150

Abrigo

DECEMBER 8, 2016

Document collection: A crucial part of any loan origination process is collecting the necessary documents from the borrower. In traditional loan origination processes the borrowers’ only options for submitting documentation are to either travel to the bank to submit documents in person, or to mail the documents.

How To 150

How To Lending Community Bank Community 150

Abrigo

AUGUST 28, 2019

When commercial bankers making $200,000 a year are driving all over town to pick up supporting documents just to get the completed loan application moving forward instead of calling on prospects, inefficiencies of a manual application system are personally frustrating. This reduces bottlenecks and is easier for borrowers and lenders.

Lending 150

Lending Analysis Taxes Data 150

PYMNTS

OCTOBER 10, 2018

Patent and Trademark Office last week, describes how a semi-private or private blockchain could be used to receive and store identity data, including a “name, a street address, tax identification number” and more. This isn’t the first blockchain-related patent that Mastercard has recently filed.

blockchain 197

blockchain Data Taxes Resources 197

Abrigo

JANUARY 25, 2016

Routine meetings with business clients, such as those ahead of or after tax season, tend to cover housekeeping items related to preparing financial statements, tax payments or tax returns. Understandably, the accountant’s near-term goal is to make the upcoming tax season proceed smoothly.

Meeting 150

Meeting Taxes Survey Strategy 150

Abrigo

JUNE 10, 2020

Adequately staffed and risk-focused AML resources with good documentation are critical. LaFontaine failed to take sufficient action when presented with significant AML program deficiencies in the Bank’s SAR-monitoring system and the number of staff to fulfill the AML compliance role by his AMLO [AML Officer],” the document said.

Resources 195

Resources Regulation Compliance Policies 195

PYMNTS

JUNE 29, 2020

The report said firms such as Pockit, the London-based financial technology company that offers an alternative to traditional banks, and U Account, the Sheffield, England digital bank, a subsidiary of subprime lender Morses Club PLC that provides finance to poorer clients, are among those hardest hit. authorities.

Taxes 223

Taxes Report Financial Technology Examples 223

Abrigo

AUGUST 28, 2022

Takeaway 3 Better ag lending workflows streamline document collection and management and increase credit analysis accuracy. . The most recent Iowa Farm and Rural Life Poll on farmers’ use of communications and computing technologies found in 2020 that 66% of farmers said they use a smartphone, up from 30% in 2014. Efficient processes.

Lending 195

Lending System Analysis Data 195

Abrigo

JUNE 14, 2017

Utilizing technology is one way to reduce the amount of time it takes to produce a valuation. Technology that streamlines workflow and scales existing processes enables firms to realize more profit from each fee for services. enterprises that are technology leaders produce faster revenue growth than technology laggards.

eBook 150

eBook Software Guidelines Technology 150

PYMNTS

APRIL 24, 2020

The information security and technology news publication said tricksters, trying to take advantage of vulnerable Americans, have been sending out emails impersonating the Small Business Association’s (SBA) Payment Protection Program (PPP). The COVID-19 pandemic, like other disasters, has created a playground for cybercriminals.

Taxes 159

Taxes Exercises Security Study 159

Abrigo

OCTOBER 6, 2015

One factor that makes onboarding and training new business valuation team members a little different their tax preparer counterparts is that conducting valuations can be equal parts art and science. That being said, data entry and documentation is something that a new employee, with some training, can execute.

Training 150

Training social media Guidelines Data 150

PYMNTS

MAY 22, 2019

Wirecard, the global digital financial technology company, announced on Wednesday (May 22) that it has partnered with India’s government-owned UTI Infrastructure Technology and Services Limited (UTIITSL) to facilitate the issuing of physical and digital taxpayer identification cards.

Cards 122

Cards Taxes Fraud Technology 122

PYMNTS

JANUARY 8, 2020

In documents released Tuesday (Jan. So, the focus will be on retail investors, where the OICE will look at, among other things, investment suitability and the effectiveness of compliance programs and controls, according to documentations. Call it, perhaps, a New Year’s Resolution list — for regulators.

blockchain 138

blockchain Phoenix Compliance cryptocurrency 138

Perficient

OCTOBER 15, 2024

Lets talk about data governance in banking and financial services, one area I have loved working in and in various areas of it … where data isn’t just data, numbers aren’t just numbers … They’re sacred artifacts that need to be protected, documented, and, of course, regulated within an inch of their lives.

Tools 221

Tools Data Compliance Regulation 221

PYMNTS

JANUARY 14, 2019

The ingredients for a revolution in payments across the region, fueled by demographics and technology, seem to be there. There’s also a technology boom, which comes as the continent, in Nazir’s words, “leapfrogged over the landline and over the computer, and straight to the smartphone and, now, into mobile money over bank accounts.

Mobile 212

Mobile social media Taxes Technology 212

Abrigo

FEBRUARY 27, 2020

Digital technology standardizes and automates many of the tasks causing the biggest headaches and delays for lenders and credit analysts. The list goes on, and we haven’t even gotten into creating closing documents or credit presentations. Abrigo's Business Lending Readiness Survey found many processes stymie those efforts.

Lending 243

Lending Survey Data System 243

PYMNTS

JUNE 2, 2020

Amazon Technologies Inc. Managing suppliers typically involves manual processes, which makes it difficult to check identities and monitor documents, such as tax certifications.

blockchain 142

blockchain United States Taxes System 142

Abrigo

APRIL 22, 2024

Takeaway 2 Several small business lending processes can tax both borrowers and staff. Takeaway 3 Depository lenders are enhancing their lending procedures and technologies to meet institution risk and return requirements as they grow. It's also a prominent line of business that many financial institutions are targeting for growth.

Lending 243

Lending St. Louis Community Marketing 243

Abrigo

JANUARY 27, 2017

By reviewing which documents don’t necessarily need a “wet ink” signature the bank can significantly shorten the application timeline. Finally, speeding up the application process requires shortening the time spent collecting documents from the borrower and keying data into the institution’s spreading system.

Online 150

Online Capital Software System 150

PYMNTS

MARCH 18, 2020

A common scheme involves fraudsters posing as tax officials — a particularly effective tactic during the first quarter, when restaurants are preparing employee W2s and corporate tax documents. Some cybercriminals are more interested in personal data than cash, however. com” flagged. .

Fraud 177

Fraud Training Data Taxes 177

Abrigo

APRIL 27, 2017

Banks and credit unions can compete with alternative lenders by focusing on implementing technologies that make the lending process faster and easier for borrowers. Learn more about the modern business borrower by watching the full webinar with Sageworks and Aite.

Survey 150

Survey Lending Data Groups 150