Christopher Fleischer

Short-term #delinquencies are on the rise as #credit access remains tight and high monthly #payments continue to squeeze #consumers. https://hubs.la/Q02zmycc0 #autofinance #autoindustry

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FIS has teamed up with Lendio to launch digital lending for SMBs 👏 ☁ 🏪 FIS' SMB Digital Lending leverages the cloud to provide fully automated decisioning AND loan boarding by focusing on smaller borrowers; and by combining large-scale data science and ML with loan underwriting expertise, it helps banks profitably source, underwrite, AND fund SMB loans of ANY size! 🏦 💰 SMB Digital Lending is also built to complement any FI’s current technology stack, including loan servicing solutions from FIS and other providers, who are seeking to make it EASY to adopt and provide an industry-leading digital customer experience for small businesses. 👨‍💻 “FIS’ SMB Digital Lending solution is a game-changer for financial institutions and small businesses alike,” said Steve Sabin, SVP, Division Executive, FIS Lending. “By partnering with Lendio, we are leveraging our unmatched scale and reach in the banking industry plus Lendio’s advanced small business underwriting technology and empowering financial institutions to profitably serve their small business customers. The expansion of our digital banking capabilities illustrates FIS’ commitment to serving the entire money lifecycle—whether at rest, in motion, or at work—and I look forward to seeing the positive impact the solution brings.” Read more on the link below! 👇 Brock Blake #FIS #businessfunding #digitallending #smallbusinessloan #digitalbanking #fintech #fintechnews #fintechecosystem

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Attending #Payments2024 next week? Don't miss this #FinTech demo on payment fraud prevention and reporting with Jaime Berg, Director, Sales. Take this opportunity to enhance your institution's capabilities as Jaime dives into ACH and Check Positive Pay, EDI Translation, and ACH Returns and NOCs Reporting. Take a minute to catch up with our recent blog post "Exploring Commercial Banking Solutions: A Comprehensive Look at #ACHCreditPayments" 👉 https://bit.ly/3JMI9sx

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If thoughtfully adopted, #AI can help community banks compete with their larger counterparts. Here's how to modernize data & documentation for community banks: https://lnkd.in/gB7gyGSQ

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Will fintech and banking merge? Your answer to that question probably looks very different depending on what part of the industry you work in. Our CEO Rory Holland, has some thoughts he shares here on LinkedIn, and also in a recent blog post: https://lnkd.in/eEadaRf6 #fintech #digitalmarketing #financialservices

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Looking to gain more insight into your bank’s data? Check out KlariVis — a comprehensive digital dashboard made by bankers for bankers. https://hubs.li/Q02FgXzc0

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Are consumers feeling the strain of higher prices and becoming over reliant on credit cards? Silvio Tavares, President and CEO of VantageScore® discusses the state of credit card delinquencies and consumer credit health on Marketplace by APM    Silvio Tavares, President and CEO of VantageScore, spoke with Marketplace Radio Senior Correspondent Kimberly Adams to discuss the rise in credit card delinquencies, which are up year over year. The average VantageScore credit score is healthy at 702, but hides a bifurcated market. Two different Americas.      “That lower consumer is increasingly falling behind on credit balances and that’s really where we’re seeing the localization of increased delinquencies,” said Silvio.      Listen to Silvio’s full interview here: https://lnkd.in/e4Np6zqY Read more about consumer credit insights with CreditGauge: https://lnkd.in/eVpUFtcy

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Translation. Wells loses money on every rent payment. Paying rewards, paying rev share to Bilt, and funding 45 days of float for free. They assumed 65% of purchases would be non-rent. Seems overly optimistic. I’m sure they are selling to high credit score clients who have better rewards cards for every day purchases and use this one just for rent. (Same way I only use my Amazon card at Amazon on Whole Foods) The users are also used to paying rent in full monthly, therefore already in the mode of not carrying a balance in this expense category. Leading to? no interest on balances. Bad news for Bilt - who’s going to back them now that this is out? (Dirty play by Wells leaking to the media but they have the upper hand now.) Thoughts?

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We meet weekly with businesses that are leveraging legacy technology to run their business. This is negatively impacting customer and employee experience, not to mention the risk of unsupported platforms and software. We see a stark contrast between organizations that are innovating and those that are not. ChoiceOne Bank is one of those organizations that are innovating and breaking an industry mold. I can't emphasize enough the importance of establishing a roadmap and a plan to position your organization for the future. Be nimble while providing an exceptional employee and customer experience!

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Appreciate the American Banker letting Bloom Credit share thoughts on how consumer-permissioned data can be a key for FIs to better comprehensively understand their customers behavior and financial health. The fragmentation across financial services for consumers creates choice, but if the FIs don't have a key to unlock the fragmentation it is difficult to provide great service, be confident in credit risk assessments, and maintain control over customer relationships. https://lnkd.in/e6dnUeXR

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Did you know? Smaller banks are lagging behind in digital transformation compared to larger players. Only 55% of community banks and 29% of credit unions have automated checks for data completeness and validity of data within existing systems in operation. Our recent report with American Banker highlights the challenges they face and the opportunities to leverage agile, innovative solutions to close the gap. Explore how to enhance data processes and embrace digital culture. 📥 Download the Report here: https://hubs.ly/Q02G2zGV0 #CommunityBanks #Innovation #DataIntegrity #FinancialServices

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The #fintech market is crowded, and it can be difficult for commercial banks, enterprise customers, service providers, and technology vendors to keep up to date with the growing variety of players in this space. This Datos Insights #CommercialBanking Fintech Spotlight looks at five newer #fintech #vendors alleviating specific pain points emerging from the broader #digitization of #financial processes: the increasingly complicated integration between corporations and financial institutions (#FIs) for #PaymentsProcessing, commercial #CardIssuance and #revenue models, and #DocumentAutomation. The vendors profiled include Accessible Web, Adflex, AIO, Modern Treasury, and Tallied.

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Why juggle a dozen different vendors to handle your data when you can have Datava do all the heavy lifting for you with just one platform? Credit unions, ditch the DIY data juggling and become data superheroes with Datava! ⭐ Unlock the secret to seamless data activation! Discover how our end-to-end Data Activation Platform can manage the ENTIRE data journey from collection to activation and transform your credit union's operations. Click the link to learn more! 🔗 https://lnkd.in/gBxYG66b #DataActivation #CreditUnion #EfficiencyBooster

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Are you here with us at #Payments2024? Be sure to catch this #FinTech demo later today on payment fraud prevention and reporting with Jaime Berg, Director, Sales. Take this opportunity to enhance your institution's capabilities as Jaime dives into ACH and Check Positive Pay, EDI Translation, and ACH Returns and NOCs Reporting. Take a minute to catch up with our recent blog post "Commercial Banking Solutions: Winning Complex Accounts" 👉 https://bit.ly/4aZJXe2 #ACHCreditPayments

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"Merchants Weigh In on Payment Processing" | jdpower.com surveyed 5,300 SMB merchants re: satisfaction with their payment processors. Dale Laszig looks at the survey, the top-rated providers, and solicits commentary from payment execs. https://pec-ly.com/?6sgt #ecommerce #payments

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