FinTechs: Where Are They Now?

FinTechs: Where Are They Now?

Lending to small businesses by FinTechs has been a hot topic. Investors have been investing significant dollars into companies like Lending Club and Prosper. Articles in the past have been predicting the end of traditional banking and lending as we know it. Borrowing money from your phone for business purposes will be the norm. Were these predictions of the end of small business lending by banks accurate?  It was always a little […]

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It’s Time Again…

It’s Time Again…

In May, I had the opportunity to speak at the Independent Bankers Association of New York State conference.  There were several speakers and varieties of issues were discussed.  Regardless of the topic, all the speakers agreed on one thing-we are looking at an economic downturn in the near future.  A downturn can mean many things for a financial institution including:  Revamping […]

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Self-Assessment of Pricing and Monitoring Performance Levels

Self-Assessment of Pricing and Monitoring Performance Levels

Financial institutions should be constantly monitoring themselves in terms of efficiencies when building a process flow in several critical areas. Focusing on pricing and portfolio management, these two areas act as checks and balances against the decision making embedded in the financial institutions daily activity. Where should we price and after the fact how are […]

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