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Improve loan decisioning: 5 ways to serve small businesses better

Abrigo

Understand and meet borrower expectations For community financial institutions (CFIs), small business lending presents both a challenge and an opportunity. Understanding what small businesses need from a lending partner is the first step in improving loan decisioning. According to Kirby, speed is the top priority.

Lending 195
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CDFI Beneficial State Bank, Aided by Abrigo, Goes All Out To Secure PPP Small Business, Nonprofit Loans

Abrigo

The CDFI instated Abrigo's SBA Lending technology platform and systemized approach soon after business owners were able to begin applying for PPP loans. Other staff are helping clients with additional needs during the crisis, including deferring loan payments, waiving fees, and hosting virtual financial wellness workshops.

Security 195
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Empowering Futures: Popular Bank partners with Bottomless Closet for first-time homebuyers.

PopularBank

From resume support and interview practice to workshops on technology and financial literacy, Bottomless Closet is committed to providing tailored services that meet the unique needs of each client. Homebuyer Education Workshop: Achieving the dream of homeownership. A life-changing investment.

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Helping credit unions grow organically: Proper software implementation & integration

Abrigo

The implementation of lending software, like that provided by Sageworks to community banks and credit unions, requires a similar, systematic approach for onboarding. This could include case study preparation, onsite training, web-conferencing, workshops with other institutions and ongoing User Groups.

Software 150
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Goldman Sachs Provides $100M Loan To Konfio

PYMNTS

Goldman Sachs Group is giving a $100 million loan to Konfio, marking the first time the lender’s structured finance, investment and lending business has provided a credit facility to a Latin American FinTech. Konfio’s technology is also able to keep non-performing loans under control, with the company’s delinquency rate at 4.8

New York 123
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Can Real-Time Data Render Credit Scores Obsolete?

PYMNTS

At a recent workshop, the governor of the State Bank of Pakistan announced that it will pursue the adoption of the National Payment Systems Strategy (NPSS) with the goal of increasing Pakistan’s GDP by 7 percent and boosting job creation in the country. Reducing Reliance On Credit Scores For Lending. Around The Faster Payments Worl d.

Data 116
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FTC sends 2016 ECOA report to CFPB

CFPB Monitor

In June 2016, the FTC launched a series of forums exploring emerging financial technology and its implications for consumers. Changing demographics workshop. Interagency fair lending task force. Fintech forum.

Report 68