Abrigo

JUNE 14, 2021

Create an effective sanctions program Considering the current economic and political environment, it is crucial that financial institutions maintain a strong sanctions compliance program (SCP). Would you like others articles like this in your inbox? Takeaway 1 OFAC has issued new guidance on the essential components of a strong compliance program. Takeaway 2 Financial institutions must train front-line staff to identify behavioral red flags that could indicate elder financial abuse.

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Transactions 148

Business Credit

JUNE 29, 2021

Net 30 Vendor In today’s post we’re going to share with you a net 30 vendor who reports to multiple business credit reporting agencies. Whether you are just starting a business or an existing business, this is an easy way for you to get business credit without a personal credit check. First things first, if […]. The post Net 30 Vendor Who Reports to Multiple Business Credit Bureaus appeared first on Business Credit.

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Credit Reporting Agencies 55

LendingFront

JUNE 29, 2021

On June 15, 2021, Vice President Kamala Harris and Treasury Secretary Janet L. Yellen made an announcement that was eagerly welcomed by an often neglected sector of small businesses across the country: The U.S. Department of the Treasury is awarding $1.25B in COVID-19 relief funds to 863 Community Development Financial Institutions (CDFIs). . The support program comes at a pivotal moment both for CDFIs and the small businesses in the communities they serve.

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MediRevv

JUNE 25, 2021

Feeling like an outsider within the walls of your own healthcare provider is frustrating, especially for a revenue cycle leader—when he is the patient. Here, MediRevv's SVP of Revenue Cycle Terry Reinsager shares a recent encounter. "It was supposed to be a simple, straightforward experience, but quickly turned into an annoying, inefficient Saturday afternoon.".

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Commercial Credit Group

JUNE 25, 2021

WasteExpo is getting back to business this year - the live, in-person conference is scheduled for June 28th - 30th in Las Vegas. WasteExpo is the leading event in North America for waste, recycling and organics professionals from the private and public sector.

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Actico

JUNE 22, 2021

Payment screening software allows banks and financial institutions to check whether incoming and outgoing payments pose a risk or are in breach of compliance regulations. Checking customer data against sanctions and embargo lists costs money – but failing to detect a compliance risk can be even more expensive, resulting in penalties and reputational damage.

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Sansan

JUNE 17, 2021

Modern technologies are evolving rapidly and are changing the way we sell and interact with customers. The mainstream of buyers has poured into the online environment. Now, business owners need to optimize eCommerce site speed and navigation, and employ every opportunity to offer the customer an unforgettable experience.

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LendingFront

JUNE 15, 2021

For a long time, insurance rates have been explicitly tied to certain, and often rigid, criteria. For auto insurance, this criteria might include the make and model of the vehicle, along with the age, gender, and location of the driver–along with his or her credit score. . But what do credit scores have to do with how people drive, exactly? . There is a correlation , i.e, there’s a relationship between one’s financial responsibility and their responsibility behind the wheel.

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Credit Scoring Small Businesses 52

Commercial Lending

JUNE 2, 2021

Listen to Audio Segment of Brad on Real Estate Revealed Here: [link]. Brad Hettich on Real Estate Revealed, Sunday, May 30, 2021. Transcript of Real Estate Revealed Show on AM560 from Sunday, May 30, 2021. Good Morning. First off, Happy Memorial Day weekend to everyone. I would like to start off with a shout out to our Veterans and active service members.

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Commercial Credit Group

JUNE 14, 2021

The Paycheck Protection Program (PPP) officially ended on Monday, May 31, 2021, which means businesses are no longer able to apply for loans under the program. However, if your company received a PPP loan, now is the time to plan to apply for PPP loan forgiveness.

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StackSource

JUNE 8, 2021

Why to take out a residential mortgage vs a commercial mortgage when both could apply. The story of my friend Pete.

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Abrigo

JUNE 11, 2021

Measuring Interest Rate Risk Can Vary by Institution Interest rate risk measurement plays a key role in ensuring an institution's safety and soundness. Would you like other articles on asset/liability management in your inbox? Takeaway 1 Regulators stress sound risk management practices that include the ability to identify and measure interest rate risk (IRR).

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Credit Unions CECL Credit Risk 78

Sansan

JUNE 14, 2021

Worldwide, over 70% of invoices still arrive on paper. That’s a lot of wasted trees and a lot of lost time processing them, and digging around for them. In the digitally soaked business ecosystem, it seems accounts payable got left behind. Electronic invoicing and digital invoices can help, and benefits will save you thousands of dollars and hours. But what is digital invoicing?

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LendingFront

JUNE 9, 2021

For many years, creditworthiness has been a keystone in the lending process —and even more so in the aftermath of COVID-19. With the need for small business funding greater than ever, it poses the question: is it time to turn traditional parameters and criteria on their head? . It seems so. And, as with many evolutions in the financial services industry, it begins at the retail level and bubbles up into commercial.

Credit Scoring 52

Credit Scoring Credit Unions Small Businesses 52

Credisense

JUNE 7, 2021

A rising trend in consumer spending is based on the model of Buy Now Pay Later (BNPL) purchases. Unseating traditional lines of credit such as credit cards, hire purchase or store card models, the concept of walking out of a retailer, goods in hand without spending upfront or paying interest on future repayments has proven to be an immensely popular notion for consumers.

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Default 40

GoCardless

JUNE 29, 2021

We explain the difference between accrued and deferred revenue & why it matters

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Abrigo

JUNE 8, 2021

Real consequences from OFAC sanctions violations OFAC compliance has increased in complexity and clarity with guidance released within the past few years and institutions need to take notice to avoid penalties. Would you like others articles like this in your inbox? Takeaway 1 Civil monetary penalties and reputational risks are reasons why institutions need to employ seasoned sanctions officers.

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CECL Trust Companies Credit Risk Transactions 78

Abrigo

JUNE 7, 2021

Risks ALM Addresses Will Affect Performance and Strategy Asset/liability management models and processes address credit risk, liquidity risk, and interest rate risk. . Would you like other articles on ALM in your inbox? Takeaway 1 The pandemic has shown that financial institutions deal with a variety of risks that can impact cash flow and capital. .

Credit Unions 78

Credit Unions Credit Risk CECL 78

Abrigo

JUNE 2, 2021

Prepare for your BSA exam by following these tips Getting ready for your upcoming BSA examination takes planning and thinking through several issues. Here's a guide to help. Want more BSA training and articles emailed to you? Takeaway 1 The first step to BSA exam preparation is to review regulatory guidance from the FFIEC and FinCEN. Takeaway 2 Good communication with your BSA examiner and having a team plan are key aspects of exam preparation. .

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Credit Unions Transactions 78

LendingFront

JUNE 9, 2021

There is a wide array of economic stats being put out as the U.S. rounds a full opening. But one of the most unsettling is this: For the first time in the five years since the Federal Reserve began conducting its national small business credit survey , more businesses experienced decreases in revenues and employment than increases. Yes, circumstances last year were extraordinary—but even more, so is the current need for capital by small business owners.

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Small Businesses 52

LendingFront

JUNE 6, 2021

By all accounts, summer 2021 looks promising. Experts predict economic expansion and a consumer rebound. Restaurants are reopening to full capacity, and innovations sparked by the pandemic are here to stay. . But while the economy in general is expected to boom, many small businesses are still in recovery mode. And without an infusion of capital, they might be left in the dust.

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Small Businesses Credit Scoring 52

GoCardless

JUNE 1, 2021

Understand how you can grow your business by offering preferred payment methods.

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GoCardless

JUNE 23, 2021

Discover what you should consider when choosing payment methods to offer.

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GoCardless

JUNE 29, 2021

Open banking payments can help solve 8 of the UK's top 12 SB challenges.

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Small Businesses 52

GoCardless

JUNE 14, 2021

Learn how corporate finance works & the principles of corporate finance services

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GoCardless

JUNE 11, 2021

Learn about contingency liabilities & how to report them in financial statements

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GoCardless

JUNE 24, 2021

We explore different accounting systems and why they’re essential for businesses

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GoCardless

JUNE 15, 2021

When it comes to accounting there are certain terms it really pays to understand

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GoCardless

JUNE 11, 2021

Learn about Google’s parent company Alphabet Inc and the stocks available to buy

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GoCardless

JUNE 29, 2021

Improve your business and personal finances with these invaluable finance books.

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GoCardless

JUNE 21, 2021

Discover the top 10 risk assessment & management software for your business.

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