Bank Innovation
AUGUST 8, 2018
Digitizing the lending process is still incomplete for banks of all sizes. A recent survey from the lending platform Lendtech, provides further evidence that banks and lending platforms must digitize the loan application and servicing process to capture today’s borrowers.
PYMNTS
APRIL 10, 2020
Federal Reserve said that it had launched a multi-trillion dollar lending program that targets smaller businesses, and in a broadened salvo, targets local governments, too. The Fed program is focused on lending. It’s all meant to shore up the U.S. economy, as the fallout from the coronavirus continues. versus 1.14
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Abrigo
FEBRUARY 27, 2020
Key Takeaways Financial institutions who want to maintain a healthy share of business lending this year and through potentially tougher economic times ahead want to be in the best position possible before trouble hits. Abrigo's Business Lending Readiness Survey found many processes stymie those efforts. learn more.
Abrigo
NOVEMBER 13, 2024
Bank and credit union leaders can use data to inform small business lending Small businesses are showing resilience. As rates stay high, concerns about credit risk and borrower health are top of mind for bank and credit union leaders, especially as it relates to lending to small businesses. Interest coverage ratios have stayed strong.
Abrigo
OCTOBER 3, 2021
A survey by Abrigo found this is a common challenge. . Takeaway 1 Effective loan review begins with good data, but 37% of survey respondents say getting data is challenging. And as the survey showed, getting the necessary data can be difficult for many financial institutions. More Than Half in Survey. Accuracy Is Vital.
Abrigo
FEBRUARY 25, 2025
Automating the key steps that often occur in the back office leads to faster decisions, stronger customer or member relationships, and more profitable lending to small businesses. This article covers these key topics: Cultivating fertile ground for small business lending Do large lenders have an advantage in small business lending?
Abrigo
SEPTEMBER 23, 2024
Lenders often rely on a small sample or on information collected informally or through surveys. But it’s often difficult to find factual, comprehensive industry-wide data about interest rates on the new loans being made at banks and credit unions. Real-time pricing trends provide a powerful tool for maximizing net interest margin.
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