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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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.
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.
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.
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
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.
Advertiser: ZoomInfo
Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.
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.
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.
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.
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.
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Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.
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.
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.
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.
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.
Advertiser: ZoomInfo
In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.
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.
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?
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
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.
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Remote Deposit Capture (RDC) clients are more likely to use additional treasury services and maintain larger deposits. However, poor customer experiences—particularly if they delay deposits—can compel RDC clients to take their business elsewhere. This eBook makes the case for outsourcing RDC operations to a proven managed services partner. This approach helps Treasury Departments with limited resources provide excellent client experiences that result in higher retention and productivity rates.
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.
American Banker
SEPTEMBER 25, 2024
Berkshire Hathaway's stake in BofA is now 10.5%.
The Paypers
SEPTEMBER 25, 2024
UK-based point-of-sale (POS) solution Lopay has entered into a strategic agreement with YouLend to further support SMEs in the UK by providing them with financing.
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.
Advertiser: ZoomInfo
As prospects define their problem, search for solutions, and even change jobs, they are generating high-value signals that the best go-to-market teams can leverage to close more deals. This is where signal-based selling comes into play. ZoomInfo CEO Henry Schuck recently broke down specific ways to put four key buying signals into action with the experts from 30 Minutes to President’s Club.
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