PYMNTS

JANUARY 4, 2019

Chesapeake Bank is expanding its alternative lending division, Cash Flow, with ProfitStars ‘ Commercial Lending Center Suite. “The full lifecycle management platform enables us to offer our clients a better experience, and allows us to focus on risk management and excellent customer service.

Online 139

Online Lending Risk Management US 139

Abrigo

SEPTEMBER 2, 2020

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world. Community financial institutions' experience with PPP technology also translates to other areas of lending.

Lending 259

Lending Community San Antonio Survey 259

Abrigo

DECEMBER 31, 2019

The top lending and credit blog posts focused on improving loan pricing, creating a better experience for borrowers, and developing risk ratings. Those priorities are apparent in the most popular Abrigo lending and credit blog posts for the year. Popular articles about credit, lending. Credit Risk. Credit Risk.

Lending 150

Lending Community Bank Software System 150

Abrigo

JUNE 13, 2019

That topped satisfaction rates for small banks, large banks, and online lenders. And few credit unions are involved in lending programs backed by the U.S. This is the case, despite the fact that SBA lending has gained momentum among small businesses in the past five years. More room for business lending. billion from $27.8

Lending 150

Lending Resources Survey Risk Management 150

Abrigo

OCTOBER 10, 2023

How industry analysis can improve your credit risk management Understanding your customers' businesses leads to better loan pricing, structure, and risk management. You might also like this webinar series, "Tackling common credit risk questions during challenging times." Get more credit risk best practices.

Analysis 195

Analysis Industry Risk Management Lending 195

PYMNTS

JULY 6, 2017

Online and alternative lending is satiating consumers’ need for speed when it comes to accessing finance. But, while an online loan decision may be near-instant, borrowers may still have to wait several days to actually see the money — and what’s the good in news like that? It’s a no-brainer,” said Edwards.

Lending 101

Lending Online Risk Management Payments 101

PYMNTS

SEPTEMBER 4, 2019

The Hong Kong Monetary Authority has, as finews.asia reported this past week, amended its credit risk management guidelines in a way that seeks to boost the embrace of analytics when lending to smaller firms.

Lending 134

Lending Fintech Guidelines Meeting 134

Abrigo

MAY 10, 2021

Knowing these elements of an LOS and an LOS vendor is critical for senior financial institution executives either shopping for an LOS for the first time or considering an improvement to their bank or credit union’s current business lending process. LOS process management features. Lending process management is key to timely decisions.

System 195

System Lending Analysis Software 195

Abrigo

SEPTEMBER 2, 2020

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world. Community financial institutions' experience with PPP technology also translates to other areas of lending.

Lending 195

Lending Community San Antonio Survey 195

PYMNTS

JUNE 7, 2016

With an eye on what could be called a true greenfield opportunity, alternative lending platform Biz2Credit is launching its small business lending products in India.

Online 100

Online Lending Course Risk Management 100

Abrigo

DECEMBER 17, 2019

The types of compromised accounts that are commonly available and most popular on account markets are financial (bank, investments, brokerage), e-commerce, online payments, dating sites, mobile / telecommunications, social media, and email. Lending & Credit Risk. Portfolio Risk & CECL. Fraud Prevention.

Fraud 307

Fraud Tools social media Cards 307

Abrigo

FEBRUARY 23, 2022

Making small business loans efficient and worthwhile Digitalizing the lending process can help financial institutions win small business loans and meet customers' needs. You might also like this webinar on small business lending best practices. Top problems in small business lending. Roadblocks to Success.

How To 195

How To Lending Software Survey 195

Abrigo

MAY 14, 2021

You might also like this webinar on the findings of Abrigo's 2021 Business Lending Process Survey. Takeaway 1 Digital pushes in financial services are widely reported, but Abrigo's Business Lending Process Survey found many manual processes. See how automation made lending easier and faster for one financial institution.

Lending 195

Lending Survey System Data 195

Abrigo

NOVEMBER 17, 2023

How to close more loans by speeding up lending and credit analysis Seeking a quicker loan origination workflow is worth it. You might also like this on-demand webinar on the red flags of emerging CRE risk. Loan origination also involves multiple staff, making lending workflow and communication more challenging.

Lending 221

Lending System Software Taxes 221

PYMNTS

OCTOBER 17, 2016

Affirm, the company started by PayPal Cofounder Max Levchin to deliver financial products to consumers, announced last week it has obtained a $100 million lending facility from Morgan Stanley. Goldman Sachs last week announced Marcus by Goldman Sachs , an online platform offering unsecured personal loans to consumers.

Lending 100

Lending Risk Management Cards Online 100

PYMNTS

JUNE 4, 2019

Biz2Credit, the online lending platform that helps banks and other financial institutions manage small and medium-sized business (SMB) lending processes, announced Tuesday (June 4) that it raised $52 million in venture funding. In a press release , Biz2Credit said the Series B funding round was led by WestBridge Capital.

Lending 122

Lending Risk Management Analytics Leadership 122

Abrigo

NOVEMBER 2, 2022

But not all technology is made equal, especially when it comes to lending software. Matt Johnner, BankLabs President and board member of Encore Bank, recommends that financial institutions look for a tool with online access for multiple stakeholders, including a portal for submitting inspection material and draw requests. Learn More.

Software 195

Software Lending Training Mobile 195

Bank Innovation

JANUARY 11, 2018

The acquisition will combine LendingPoint’s focus on risk management and credit underwriting with LoanHero’s financing platform, which will allow LendingPoint to further […].

Risk Management 220

Risk Management Management Company Online 220

Abrigo

MARCH 24, 2021

Nevertheless, many financial institution executives have taken – and are taking – steps that will help address their top concerns related to lending and profitability. Technology sets up future lending success. A customer relationship manager (CRM), for example, can organize and manage customer/member/prospect relationships.

Lending 221

Lending Technology Survey Examples 221

Abrigo

AUGUST 6, 2021

Community banks are critical to ag lending and small business lending. Additionally, community financial institutions are more likely to leverage relationship lending to help smaller businesses obtain loans that they might not be able to secure with larger institutions based solely on their financial information. SBA Lending.

Community Bank 195

Community Bank Community Kansas City Lending 195

Abrigo

FEBRUARY 14, 2023

Takeaway 2 The rule is aimed at tracking small business credits to enforce fair lending laws and ID and support women- and minority-owned small businesses. Visit CFPB 1071 resources for lenders for more on data collection requirements for small business lending. Keep an eye out for potential changes in the final rule.

Data 195

Data Lending Compliance Resources 195

Abrigo

MARCH 6, 2017

His recent research reports have covered SMB lending, alternative lenders and automating commercial lending. 4) @KarenGMills – Former SBA administrator in the Obama administration, Mills is now a senior fellow at Harvard Business School, writing and Tweeting about small business, lending and fintech. Learn more here.

social media 150

social media Lending Community Community Bank 150

Abrigo

MAY 11, 2021

Takeaway 1 Global cash flow can provide a more holistic lending picture as lending decisions have become more complex. Many financial institutions use global cash flow analysis in their lending process. A common misstep seen in lending departments is the belief that a guarantor improves an applicant’s credit quality.

Analysis 195

Analysis Lending Taxes Comparison 195

PYMNTS

JULY 18, 2017

Which leads to the interesting case of Renaud Laplanche, the co-founder and former CEO of Lending Club and the co-founder and current CEO of online lender Upgrade. It’s reported that Upgrade’s loan volumes are growing and that it intends to add new asset managers to its roster over the next half year. Just ask any entrepreneur.

Lending 122

Lending San Francisco Online Risk Management 122

CFPB Monitor

SEPTEMBER 8, 2022

Although bank lending partnerships with fintechs continue to receive OCC attention, recent remarks by OCC officials indicate that OCC scrutiny is now also directed at partnerships outside of the lending arena. This approach is expected to enable a clearer focus by the OCC on risks and risk management expectations.

Fintech 146

Fintech Risk Management Conference Lending 146

PYMNTS

JULY 14, 2020

In addition to its core POS lending business, Affirm branched out into financial services in June, debuting a high-yield savings account called Affirm Savings. Silicon Valley FinTech Affirm is also a regular in the top 5 this year. The account comes with 1.30 stores for Google Pay and Apple Pay users. Afterpay Co-Founder and U.S.

Lending 130

Lending FDIC Minneapolis Utah 130

Abrigo

MARCH 2, 2023

Perhaps executives think delaying or cutting spending on technology to make lending more efficient will affect only their staff. How much easier and less stressful would PPP have been if the institution had already created the ability to take and process loan requests online before being shut down due to COVID?

Technology 195

Technology Lending Community Software 195

PYMNTS

APRIL 16, 2020

This week’s look at the latest in bank-FinTech collaborations and open banking initiatives finds a focus on small business lending: In the U.K., Deloitte, Unqork, Plaid Debut Lending-as-a-Service Tool. ” Plaid Unlocks Payroll Data to Support PPP Lending. .” Funding Options Unlocks Data Across 20 Lenders.

Data 167

Data Lending Regional Fintech 167

Abrigo

MARCH 13, 2020

Low interest rates and slowing growth in loan demand can put community financial institutions in a difficult position; therefore, competing effectively and mitigating any increased risk should be a top priority. To do so, leverage an online loan application. Wrangling documents.

Community 195

Community Lending Analytics Management 195

Abrigo

APRIL 19, 2016

In the paper, the OCC defined responsible innovation as: The use of new or improved financial products, services, and processes to meet the evolving needs of consumers, businesses, and communities in a manner that is consistent with sound risk management and is aligned with the bank’s overall business strategy.

Innovation 150

Innovation Fintech Risk Management Community Bank 150

Independent Banker

JANUARY 31, 2022

A recent report by Cornerstone Advisors found that bankers are either strongly interested in or already working with fintechs in three main areas: digital account opening (71%), mobile wallets (41%) and fraud/risk management (47%). Fraud and risk management. Digital account opening. Think about it this way,” Potts says.

Community Bank 159

Community Bank Community Fintech Risk Management 159

PYMNTS

OCTOBER 14, 2016

13) Marcus by Goldman Sachs , an online platform offering unsecured personal loans to consumers. Named after Marcus Goldman, one of the firm’s founders, Marcus by Goldman Sachs is a new business that Goldman Sachs said benefits from the firm’s 147-year history of financial expertise, risk management and customer service.

Online 100

Online Risk Management Cards Customer Experience 100

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

JUNE 4, 2024

You might also like this on-demand webinar, "Navigating uncertain times: Strategies for risk management and compliance." We are looking at everything from online account opening to our banking platform's user experience. Read some hot topics discussed by the conference's opening panel.

Compliance 221

Compliance Community Community Bank Conference 221

Abrigo

JULY 27, 2023

Keeping up with OFAC Russian sanctions , customer due diligence regulations, and consumer lending compliance expectations can be challenging. As you begin the process of assessing your organization’s needs, here are three things to keep in mind: Identify where silos around legacy risk management policies exist in your bank.

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Keeping up with OFAC Russian sanctions , customer due diligence regulations, and consumer lending compliance expectations can be challenging. As you begin the process of assessing your organization’s needs, here are three things to keep in mind: Identify where silos around legacy risk management policies exist in your bank.

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

OCTOBER 11, 2016

This practice is designed to mitigate risk, but it can also limit lending opportunities. In both of these instances, leveraging software solutions opens up new lending opportunities. Very often, banks and credit unions will pass on loan applications that don’t appear to quite meet their underwriting criteria.

Analysis 150

Analysis Lending Taxes Software 150