Abrigo
SEPTEMBER 25, 2024
Efficiently filing SBA loan packages for approval When an SBA lender is ready to submit loan guaranty packages and loan servicing requests, it does so through the SBA’s online portal, E-Tran. Would you like other articles like this in your inbox? Key Takeaways E-Tran is the SBA's loan submission platform. 7(a) and 504 loan programs both use E-Tran for managing loans.
Payments Dive
SEPTEMBER 25, 2024
The U.S. lawsuit paints a picture of the dominant card network using lures and threats to stifle competition from competitors Apple, PayPal and others.
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South State Correspondent
SEPTEMBER 25, 2024
Intelligent agents are poised to change the face of bank operations. At the same time, banks are striving to figure out how to employ generative AI (gen AI) in their operations; part of the answer lies in the intelligent agent. Like how the Internet and smartphones changed banking, these autonomous reasoning models will be built to accomplish specific tasks.
Payments Dive
SEPTEMBER 25, 2024
The company now offers more products but also faces more regulatory pressure, Sezzle CEO Charlie Youakim told Payments Dive
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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.
South State Correspondent
SEPTEMBER 25, 2024
Intelligent agents are poised to change the face of bank operations. At the same time, banks are striving to figure out how to employ generative AI (gen AI) in their operations; part of the answer lies in the intelligent agent. Like how the Internet and smartphones changed banking, these autonomous reasoning models will be built to accomplish specific tasks.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
South State Correspondent
SEPTEMBER 25, 2024
How does a commercial loan’s maturity and amortization impact credit? Many credit officers would prefer to set shorter maturities for loan repayment terms. The logic is that it is better for the bank to control the credit with a hard stop and revisit credit appetite at shorter intervals. If credit conditions are appropriate, the bank can renew the commitment or re-write the loan, and if credit conditions have deteriorated, the borrower will need to find alternative financing sources.
BankUnderground
SEPTEMBER 25, 2024
Neha Bora, Sarah Burkinshaw, Alice Crundwell and Tuli Saha Private equity (PE) has rapidly become an important source of financing for UK businesses. Funds use pools of capital, largely from institutional investors, to primarily invest in non-publicly traded companies. We shed light on this growing sector with a new and novel data set of around 9,000 privately backed corporates in the UK.
American Banker
SEPTEMBER 25, 2024
The banks are testing quantum computing's ability to speed up applications, to alleviate bottlenecks and to do more while consuming less power.
BankInovation
SEPTEMBER 25, 2024
Financial institution leaders have prioritized innovation and efficiency efforts in 2024 while navigating continually evolving technologies. This year, bank executives have been tasked with keeping up with generative AI and boosting their cybersecurity efforts in a fraud-ridden environment. And they have done so while maintaining compliance as they await impending regulations.
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Treasury teams at community banks face an ongoing challenge of delivering frictionless customer experiences as they support treasury products – especially RDC. This infographic focuses on the efficiencies community banks gain when partnering with a proven managed services provider. You’ll see the advantages you can gain when a managed services partner leverages online tools, skilled customer and technical support personnel, and fulfillment and logistics capabilities to streamline RDC fulfillment
ABA Community Banking
SEPTEMBER 25, 2024
The value of tailored banking offerings delivered as employee benefits. The post Workplace banking: A multiplier for new-account sales appeared first on ABA Banking Journal.
BankInovation
SEPTEMBER 25, 2024
EverBank has announced plans to acquire Sterling Bank for $261 million, through a stock purchase agreement. Jacksonville, Fla.-based EverBank is set to acquire Sterling’s 25 branches, $900 million in loans and $2 billion in annual deposits, and aims to expand its operations in San Francisco and other localities in California, an EverBank spokesperson told Bank […] The post Transactions: EverBank to acquire Sterling Bank for $261M appeared first on Bank Automation News.
American Banker
SEPTEMBER 25, 2024
An amendment to the National Defense Authorization Act would expand access to the Financial Crimes Enforcement Network's beneficial ownership database. That would allow financial firms to cut off drug traffickers' financing.
TheGuardian
SEPTEMBER 25, 2024
Mutual reports half-year pre-tax profit of £58m despite soaring wage bill and rising cost of theft at retail stores Business live – latest updates The Co-operative Group has laid bare the impact of shoplifting as it said the cost of crime in its stores soared by almost 20% to £40m in the first half of the year. The member-owned mutual has spent £18m so far this year on measures to protect staff in its food business, including rolling out body-worn cameras and fortified kiosks.
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Amid market uncertainty, banks and credit unions are faced with critical decisions about the future of their commercial lending. With fluctuating interest rates and rising competition from non-bank lenders, it's critical to allocate your 2025 budget strategically to optimize lending operations. Our Budget Playbook for Commercial Lenders delivers key strategies to help you navigate these challenges, ensuring your institution is well-positioned for the coming year.
The Paypers
SEPTEMBER 25, 2024
A recent report by RedCompass Labs has revealed that US banks believe they are significantly behind criminals when it comes to detecting financial crimes.
American Banker
SEPTEMBER 25, 2024
The latest lawsuit accuses the firm of not only failing to look out for clients' best interests but also failing to secure "reasonable returns" on money held in retirement accounts.
The Paypers
SEPTEMBER 25, 2024
MANTL , a provider of account origination solutions, has announced the launch of MANTL Business Deposit Origination specifically designed for credit unions.
American Banker
SEPTEMBER 25, 2024
A report recommends clearer guidelines and enhanced training to prevent conflicts of interest in FDIC acquisitions, which the agency concurred with and agreed to implement.
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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.
The Paypers
SEPTEMBER 25, 2024
Multinational payment card services corporation Visa has been sued by the US Justice Department for monopolising the debit card market while also charging substantial fees and inhibiting competition.
American Banker
SEPTEMBER 25, 2024
Mifflinburg Bancorp and Northumberland Bancorp would combine to create a $1.3 billion-asset bank in the Susquehanna Valley market.
The Paypers
SEPTEMBER 25, 2024
The American Fintech Council (AFC) , an industry association representing responsible fintech companies and innovative banks, has announced Spring Labs as its newest member.
The Financial Brand
SEPTEMBER 25, 2024
This article Are Financial Wellness Products Merely Window Dressing for Banks? appeared first on The Financial Brand. Financially healthy customers are good banking customers. Banks offer financial health products strategically to attract and retain good customers — but do they really have the desired effect? This article Are Financial Wellness Products Merely Window Dressing for Banks?
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Download the latest edition of GoDocs' "The Lender's Guide to Automating the Complex Loan." This comprehensive guide offers financial institutions valuable insights into document automation for complex commercial loans. It unpacks the intricacies of complex loans and showcases how an automation platform like GoDocs — the leading commercial loan closing platform — delivers impressive benefits and ROI to any FI.
The Paypers
SEPTEMBER 25, 2024
US-based financial technology provider Sunbit has entered into an Embedded Finance partnership with Stripe to bring its solutions to a broader range of in-person service businesses.
The Emmerich Group
SEPTEMBER 25, 2024
What is your opportunity cost per inbound call? In other words, how much profit is lost per mishandled call that doesn’t turn into a lead, then a customer, then a full relationship? I’m going to show you some math that’s going to make you a little bit crazy as an executive of a bank. Video: What Is Your Conversion Rate From Inquiry to Customer?
The Paypers
SEPTEMBER 25, 2024
Bud introduces an AI consumer agent for banks, optimising finances by autonomously managing tasks like savings, interest, and avoiding overdrafts.
American Banker
SEPTEMBER 25, 2024
Pam Kaur has emerged as a leading candidate for one of the top jobs in global banking.
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Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.
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