ATLANTA - (03/23/06) Equifax Inc. said Wednesday itsAPPRO Systems unit has introduced a web-based loan originationsystem for business lenders. The system, called APPRO Business,brings automated loan decision making capabilities to a broadmarket, from sophisticated commercial and small business lenders tocredit unions and community banks. The system allows lenders toexpedite processing of loan applications; quickly analyze andreview applications; provide automatic decisions and prepare loanpackages for committee approval.
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Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
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At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
June 18 -
Back-office automation fintech BILL Holdings is using JPMorgan Payments white-label digital wallet to subledger its own clients' accounts. Reconciling client payments for BILL's corporate card, the BILL Divvy Card is the company's first use case.
June 18 -
Like the Olympics, the event is used to push and measure engagement and appetite for emerging checkout options.
June 18 -
The Treasury's Financial Crimes Enforcement Network and federal banking and credit union agencies limited issuers' know-your-customer obligations to direct-to-consumer services, preliminarily rejecting a "global" customer due diligence requirement they say is unfeasible.
June 18 -
The bank is following in the footsteps of Goldman Sachs, which made a similar move in April.
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