October, 2021

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5 Strategies to Build Business Credit Easily and Quickly

Business Credit

Build Business Credit In today’s post we share five key strategies for building business credit easily and quickly. These five strategies provide a fast and efficient way to establish your business credit file with major business credit reporting agencies. If your new to building business credit it’s important to recap on why it’s an essential […].

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Preventing Cyber Fraud – Video

Abrigo

Growing Cyber Fraud Concerns What can financial institutions do to prevent and detect cyber fraud? You might also like this blog on cyber fraud. Read. . Takeaway 1 Cyber fraud increased during the pandemic, leaving financial institutions working harder to prevent and detect it. Takeaway 2 Cyber attacks and cyber fraud are more than just hard dollar losses.

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The Implications Of Company Structure On Debt Collection

JSP Credit Management

This article aims to explore the different types of companies that exist in the UK and discuss the implications of each of the different structures for the debt collection industry. It will consider the advantages and disadvantages of the options available to business owners from their perspective but then also from the perspective of professionals within the industry who may be working for, or against these different setups.

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How can biometric verification fast track your customer origination process?

Credisense

Automating identity verification using biometrics is one way to speed up your credit decisions and streamline customer onboarding. The reality of customer origination. Many businesses, including financial institutions, telcos, utilities, lawyers, accountants, and trade credit providers, operate in a transactional environment that requires fast credit decisions and onboarding journeys.

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The Pros & Cons of Debt Leverage

Commercial Lending

Listen to Audio Segment of Brad on Real Estate Revealed Here: [link]. Brad Hettich on Real Estate Revealed, Sunday, October 17, 2021. . Transcript of Real Estate Revealed Radio Show on AM560 from Sunday, October 17, 2021. . Good morning. . . I wanted to spend some time this morning talking about some of the pros and cons of debt and leverage when it comes to commercial lending. . .

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SBA Celebrates National Hispanic Heritage Month with Virtual Event Featuring Administrator Guzman

SMB Commercial Lending

A special fireside chat with Administrator Guzman and other SBA leadership will kick off the two-part event, followed by a virtual panel discussion with entrepreneurs about SBA’s economic relief programs WHAT : SBA Celebrates National Hispanic Heritage Month: Testimonies of Excellence & Pride (Excelencia y Orgullo). The U.S. Small Business Administration will hold a virtual fireside chat to discuss entrepreneurship in the Hispanic community with SBA Administrator Isabella Casillas Guzman , A

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Celebrating BSA/AML Day

Abrigo

BSA/AML Day was created by Abrigo in 2017 to honor the hard work BSA/AML professionals do each and every day to protect our financial industry and country. It is often a thankless job that operates behind the scenes and under strict regulatory scrutiny. We want BSA/AML professionals to know how much we appreciate the work they do to fight financial crime and stop illicit funds from entering our financial system.

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Can A Robot Be A Better Debt Collector Than Us?

JSP Credit Management

The drive for greater technological advancements is arguably more apparent than it has been at any other point in history. Some might argue that it is all relative and technological advancements have been an inextricable part of the human race for as long as we have existed. But today, technology is not just an obsession for experts in their field or genius’, it is being embraced by everyone, everywhere.

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[On-Demand] Open Banking 101

GoCardless

Hear speakers from GoCardless and Open Banking Excellence as they demystify open banking and explain how businesses can use it to future proof their strategies

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Key Points When Trying To Get A Commercial Loan

Commercial Lending

Listen to Audio Segment of Brad on Real Estate Revealed Here: [link]. . Brad Hettich on Real Estate Revealed, Sunday, September 19, 2021. . . Transcript of Real Estate Revealed Show on AM560 from Sunday, September 19, 2021. . “With over $1 billion in commercial loans underwritten, here are some key lessons we have learned about the industry.”. .

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Small Business Loans FUNDED in 24 Hours for Canadian Business Owners

SMB Commercial Lending

$25,000 to $500,000. Flex Financing. Fixed Financing. Line of Credit. Easy Eligibility: 6 Months in Business. Min Revenue of $10k monthly. Schedule a 15 minute call to get your free business loan estimate. Small Business Loans for: E-Commerce. Retail. Cannabis. Restaurants. Auto. Salons and Spas. Skilled Trades. Manufacturing. And more….

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Composite AI and Decision Intelligence – The Competitive Edge You Need

Actico

Composite AI and Decision Intelligence as content of Gartner's Trends Impact Radar for emerging technologies: Key Findings, Use Cases, and Recommendations.

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Waiting (Patiently?) for Interest Rates to Rise: 4 Growth Moves to Prepare for Fed Rate Hike

Abrigo

With a Fed Rate Hike Looming, Here's How to Position Your Bank or CU The timing of a rate hike by the Fed is uncertain, but credit unions and banks can act now to create increased earnings more quickly. You might also like this decision guide: "What Do I Do with All This Excess Money?" Options for Using Excess Liquidity DOWNLOAD . Takeaway 1 The economic recovery's uneven pathway has made it difficult for financial institutions to plan on the timing of a Fed rate hike. .

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Sky Helps Automotive Quality Assurance Staffing Company Hit the Ground Running

Sky Business Credit

Launching a business during a pandemic requires some creative thinking. Michael Barney has been part of the automotive business for 25 years, so when an industry colleague was laid off due to COVID-19 and had an idea about launching an automotive quality assurance staffing company while small businesses were closing left and right, Barney was more than a bit skeptical that it could work.

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What Factors Do Credit Agencies Use to Create My Business Credit Score?

CommandCredit

Whether you are looking to take out a business loan, asking your suppliers or vendors for credit, or just curious about your business credit score , you should check your business credit report to see how others view your creditworthiness. A good business credit score may help you get a business loan or establish credit with other businesses on more favorable terms and with lower interest rates.

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Alternative Commercial Loan Options

Commercial Lending

Listen to Audio Segment of Brad on Real Estate Revealed Here: [link] Brad Hettich on Real Estate Revealed, Sunday, September 26, 2021 Transcript of Real Estate Revealed Show on AM560 from Sunday, September 26, 2021 “Alternative Commercial Loan Options – Sometimes They’re Better Than Banks” Good morning everyone. Hard to believe the first weekend of Fall is already here.

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[Webinar] Getting Started with Instant Bank Pay

GoCardless

Join our webinar and discover three new ways you can use open banking with Instant Bank Pay

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4 Ways Financial Institutions Can Get Buy-in for Their Latest Tech Investment

Abrigo

How to Get Buy-in When Implementing New Technology Achieving 100% adoption is attainable if financial institutions are willing to put the best change management practices in place. You might also like this whitepaper, on optimizing change management. DOWNLOAD. Takeaway 1 One of the most important pieces to garnering employee buy-in for new technology is communication.

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Optimize Your Financial Institution’s Loan Review Process – Video

Abrigo

How to Get the Most from the Loan Review Function Independent loan review works best when it has a charter and reports up to auditing. Consultant Ancin Cooley explains in this video. Would you like other content like this in your inbox? Takeaway 1 Loan review or credit risk review is a significant risk management function. . Takeaway 2 A charter for your institution's loan review process helps ensure its independence. .

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How to Decide Whether to Build or Buy CECL Model Software

Abrigo

Should Institutions Build or Buy a CECL Solution? Regardless of whether financial institutions choose to stay in-house or outsource their CECL solution, they have four important considerations to make. You might also like this bundle of whitepapers on how to prepare for CECL. Download. Takeaway 1 Institutions complying with CECL in 2023 must make their build or buy decision quickly.

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Loan Review Challenges: Survey Finds Data, Staffing Among Obstacles

Abrigo

Loan Review Issues Include Getting Necessary Data Loan review requires accurate loan-level information. A survey by Abrigo found this is a common challenge. . You might also like this webinar on creating an effective loan and credit risk review function. WATCH. Takeaway 1 Effective loan review begins with good data, but 37% of survey respondents say getting data is challenging.

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What Steps Can I Take to Improve My Business Credit Score?

CommandCredit

Your business credit score is an important measure of your financial health. If you own or operate a business and if you have borrowed money, bought supplies on credit, or extended credit to a customer, there is almost certainly information about your business stored in the databases of the business credit reporting bureaus. You can check your business credit score from any of the business credit reporting agencies at any time using the self-service portal at Command Credit.

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What Is a Good Business Credit Score?

CommandCredit

A good business credit score can help you get financing more easily. It can help if you need to take out a business loan or establish credit with another company. When you are trying to decide whether to extend credit to a customer or send a purchase order to a supplier, checking if they have a good business credit score gives you the confidence that you will be paid on time or receive the supplies you order.

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Why You Should Check Your Business Credit Score

CommandCredit

An excellent credit score demonstrates that you made good financial business decisions, such as keeping your debt low, paying your bills on time, and using credit responsibly. Lenders are more confident you will make your payments on time and pay them back in full. Lenders therefore usually charge you a lower interest rate and offer better terms. If you have a poor credit score due to significant debt, missed or late payments in your credit history, or liens and bankruptcies in your past, lender

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GoCardless Gender Pay Gap Report 2020/21

GoCardless

An overview of our latest reporting figures, including next steps and actions

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Celebrating Black History Month: Proud to be a Black lawyer

GoCardless

In the final instalment of our employee spotlight series, we talk to Umeadi

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GoCardless Environmental Action Day

GoCardless

Hear how our team members are helping to make positive environmental change

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Celebrating Black History Month: Proud to be African, Gay, a Son, a Brother, a Friend, a GeeCee

GoCardless

Meet Eddy in the third instalment of our employee spotlight series

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Celebrating Black History Month: Proud to be black & LGBTQ+

GoCardless

Meet Rachel in the next instalment of employee spotlight chats

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Celebrating Black History Month: Proud to be

GoCardless

The first in our four part series of employee spotlight chats

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