January, 2022

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Coming Rate Hike Should Nudge Bankers to Focus on Deposit Management Strategy

Abrigo

Higher Fed Rates Ahead: Plan Now to Manage Impact on Deposits The Fed's signal of higher interest rates reiterates the importance of financial institution ALM and deposit management strategies, policies, and programs. . You might also like this webinar, "ALM Basics: Best Practices in Measuring, Monitoring and Controlling IRR" WATCH . Takeaway 1 Without proper ALM planning and deposit management, the expected Fed rate hike might not generate expected rewards. .

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8 Simple Ways Small Businesses Can Increase Their Sales

Beyond Capital Blog

When you’re wondering how to increase sales for your small business, you don’t need complex, costly marketing ideas. Here are 8 simple strategies you can start implementing today. The post 8 Simple Ways Small Businesses Can Increase Their Sales appeared first on Fast Capital 360.

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Dealing With An AWOL Debtor

JSP Credit Management

We were dealing with the on-boarding of a new client recently and the following question was posed to us: “My customer is no longer responding to us, how are you going to get them to talk?”. Our response was that an AWOL debtor is the single biggest reason that JSP Credit Management will themselves be engaged by a creditor who has exhausted all their own available time and resources on the debt itself.

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T-Mobile Data Breach: 40M social security numbers exposed

Regal Credit Management

T-Mobile Photo: Mika Baumeister (Unsplash). For the past couple of days, data breaches, hacks, and a series of identity theft have been in the headlines. Most notably, T-Mobile has suffered a massive breach of personal information. A whopping 40 million personal data has been stolen from current clients and prospects including: Full Names Social Security Numbers Phone Numbers Account Numbers PINS and Account Passwords Driver’s License Information.

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Difficult debtors on the rise: companies rethink credit management

aptic

There has been an increase in the number of what we call difficult debtors. In fact, an Aptic survey* on the state of credit management has revealed that 29% of companies are dealing with more late or unpaid invoices during the pandemic. To limit the impact, many are intensively reworking their credit management procedures. In this blog post, we’ll take a closer look at the research.

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The Employee Retention Credit

SMB Commercial Lending

Have you looked to see if your business is eligible for the Employee Retention Credit (ERC)? The Employee Retention Credit was authorized under the CARES Act and was not widely used until March 2021, when updated IRS regulations made this type of COVID-19 Relief more accessible by amending the Quarterly Form(s) 941. In short: The 2020 ERC Program is a refundable tax credit of 50% of up to $10,000 in wages paid per employee from 3/12/20-12/31/20 by an eligible employer.

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Merchant Cash Advance Companies: Here Are 6 of the Best (Plus Alternatives)

Beyond Capital Blog

Looking for the best merchant cash advance (MCA) company for your business? Here are the competitive loan terms from the 6 top MCA lenders. The post Merchant Cash Advance Companies: Here Are 6 of the Best (Plus Alternatives) appeared first on Fast Capital 360.

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Why compliance is now so critical in the financial sector, and how machine learning can help

Actico

Increasing SAR figures with regard to money laundering, stricter regulation and rising costs pose major challenges for the compliance departments in financial institutions and insurance companies. Compliance is now a critical issue. The blog explains how banks and insurance companies deal with this situation.

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T-Mobile Data Breach Update: Whopping 54.6M individuals affected

Regal Credit Management

T-Mobile Photo: TMONews. The recent T-Mobile breach might be one of the biggest data breaches in history since Equifax. As of writing, the number of affected individuals has gone up from 40 million to a massive 54.6 million. Personal data has been stolen from current clients and prospects, including Full Names, Social Security Numbers, Phone Numbers, Account Numbers, PINS, Account Passwords, and Driver’s License Information among others.

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Financial Software or data in Excel

Collenda

Credit and receivables management: data in Excel or financial software. Does your company manage credit and receivables with self-created data in Excel, e.g. for credit decisions, scorecards, administration and monitoring? For simple organisation, spreadsheet software can be an effective tool. If the number of cases becomes larger and/or the processes more complex, the pendulum clearly swings in the direction of professional financial software.

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The Impact Of Remote Working On Debt Collection

JSP Credit Management

It is of course nothing new now. Long after working from home was once the luxury of those occupying senior positions in the corporate world, remote working has now become the new status quo for many. Such that a walk around, or commute to any of the big cities in the UK during peak hours now feels eerily peaceful, or for others missing in that familiar hustle and bustle of big city life.

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Effective Loan Pricing in Today’s Rate Environment

Abrigo

How to Price Loans Effectively Effective loan pricing is more imperative than ever for financial institutions, given the outlook on interest rates and other factors. . You might also like this webinar, "Is Inflation the Big Gift to Your Future Earnings?" WATCH . Takeaway 1 Bankers might have hoped the close of 2021 would bring an end to the challenging rate environment and low yields. .

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Chase Business Account Review: Features, Benefits and Fees

Beyond Capital Blog

Is Chase checking a good banking option for businesses? We take a look in our Chase business account review. The post Chase Business Account Review: Features, Benefits and Fees appeared first on Fast Capital 360.

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The ABCs of Equipment Financing at CCG

Commercial Credit Group

Commercial Credit Group is a different kind of equipment finance company. We’re an independent lender and do things our own way. Our business model is relationship driven and we evaluate credit differently than banks and other lenders. Read through our list of ABCs and find out how differently we think and why you should consider financing your equipment with us.

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Payments to Regal made more convenient and secured with ACH!

Regal Credit Management

We are beyond grateful that you chose to bring Regal Credit Management to yet another year for your credit management concerns. The Regal Team knows that creating and maintaining a secure credit profile is paramount, that’s why we make special efforts behind the scenes for you. We have been upgrading our infrastructure to offer you, our clients, a more convenient; accessible, and no-sweat system that makes us adapt to the digital realm.

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ARYZA GROUP SIGNS DEFINTIVE AGREEMENT TO ACQUIRE COLLENDA

Collenda

ARYZA GROUP SIGNS DEFINITIVE AGREEMENT TO ACQUIRE COLLENDA. Aryza Holdings Limited (Aryza) has today announced it is accelerating its European roll-out through the acquisition of Collenda , a leading DACH and Benelux credit management software provider. Collenda provides an end-to-end integrated credit lifecycle platform for banks, corporates, and debt collection agencies.

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Supporting regulations that empower small businesses and challenge bad payers

GoCardless

The UK government is reviewing the Duty to Report. We believe it should stay.

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The 5 Pillars of BSA – Why They Are Important for Your AML Program

Abrigo

Tips for a strong AML Prog r am that will lead to a successful exam T he task of building a robust AML program may seem overwhelming , but t here is no better place to start than with t he five pillars of BSA. Would you like other articles like this in your inbox? Takeaway 1 Guidance given to the AML industry takes the stress out of building an AML program.

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The Best Ways to Earn Interest for Your Business

Beyond Capital Blog

What’s the best way to earn interest on your money? It depends on how much money you have to invest, how long you can let it sit, and whether you need access to it in the interim. The post The Best Ways to Earn Interest for Your Business appeared first on Fast Capital 360.

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StackSource launches new, mobile-friendly commercial mortgage offering memorandum

StackSource

Details on StackSource's newly launched, mobile-friendly lender interface.

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ALM 101: Introduction to Asset/Liability Management – Part 1: ALM Goals & Approaches

Abrigo

Asset/liability management basics In part 1 of this "Introduction to ALM" blog series, learn the goals of asset/liability management and how it can help financial institutions. You might also like this webinar, "ALM Basics: Best Practices in Measuring, Monitoring, and Controlling Interest Rate Risk" WATCH. Takeaway 1 ALM in banking means managing the cash flows of assets and liabilities to increase profitability, manage risk, and maintain safety and soundness. .

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AML Quality Control: Strong QC Can Prevent BSA Violations

Abrigo

Tips to strengthen financial institution BSA/AML quality control AML quality control helps financial institutions make certain that suspicious activity monitoring meets program expectations. . Have you combined your BSA & Fraud Departments, or are you considering it? You might like this webinar. WATCH. Takeaway 1 Recent fines against a bank in Texas remind financial institutions of the importance of AML quality control.

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What Is a Neobank? How They Work (Plus Examples)

Beyond Capital Blog

More and more small businesses are using neobanks to process transactions and keep track of finances. Here’s why. The post What Is a Neobank? How They Work (Plus Examples) appeared first on Fast Capital 360.

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U.S. Business Owner Salary Data: What Can You Expect to Earn?

Beyond Capital Blog

A business owner salary varies based on different factors. Before starting a business, here’s how to figure out the average small business owner salary. The post U.S. Business Owner Salary Data: What Can You Expect to Earn? appeared first on Fast Capital 360.

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Our Bank of America Review: Services, Pros and Cons

Beyond Capital Blog

Is Bank of America a good choice for your business? Use our Bank of America review to help you decide. The post Our Bank of America Review: Services, Pros and Cons appeared first on Fast Capital 360.

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Presenting 9 of the Best Equipment Financing Companies

Beyond Capital Blog

How do you find the best equipment financing companies? We’ve gathered some of the top providers and put together a list. The post Presenting 9 of the Best Equipment Financing Companies appeared first on Fast Capital 360.

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Is an Amazon Business Line of Credit Right for You?

Beyond Capital Blog

Amazon's corporate credit line caters to small businesses seeking credit on Amazon.com. Here's our review of this financing option and list some alternatives. The post Is an Amazon Business Line of Credit Right for You? appeared first on Fast Capital 360.

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Best Credit Unions for Small Business

Beyond Capital Blog

Presenting 5 of the best credit unions for small business. Learn about the benefits, account features and financing options each one offers. The post Best Credit Unions for Small Business appeared first on Fast Capital 360.

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Payment Processing Fees: A Guide for Small Businesses

Beyond Capital Blog

For every transaction, businesses pay a fee to processing providers. The fees may be unavoidable, but they can add up quickly. Let’s examine payment processing fees, the average processing fees for various forms of payment, and offer a few strategies on how to lower your payment processing fees. The post Payment Processing Fees: A Guide for Small Businesses appeared first on Fast Capital 360.

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Money Market vs. High-Yield Savings: Which Earns Your Business More Interest?

Beyond Capital Blog

Both money market and high-yield savings accounts provide a place for you to save profits from your business and earn interest. Which type of account works best for you will depend on whether you plan to write checks and how often you plan to access your money. The post Money Market vs. High-Yield Savings: Which Earns Your Business More Interest? appeared first on Fast Capital 360.

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