Technology has always had a way of dramatically changing an industry. The banking industry is no exception. According to experts, technology, globalization and demographics will be the catalyst that will drive changes in banking over the next 100 years. Competition in Consumer Banking Traditional consumer banking...
In a recent report issued by the Office of the Comptroller of the Currency (OCC), certain areas of concern were highlighted which identified where banks took on more risk in pursuit of profits: high-yield loans issued to more speculative borrowers and indirect auto loans issued...
Is your company keeping pace with new innovation and technology? If the answer is no, it is likely your company will not last very long. In order to survive in a digital society, companies must embrace and keep pace with changes in innovation and technology. ...
The 4th of July is dedicated to honoring our great nation and taking the time to appreciate and celebrate our independence and freedom. Thanks to all of our loyal customers and partners, we continually work together to help this country thrive. Together we build, fund and grow...
According to a recent report detailed in a publication entitled “Global Entrepreneurship Monitor”, 2013 was an optimal year for start up businesses. The report was based on a survey of adult American entrepreneurs between April and June of last year. The report reflected a steady...
In an effort to assist minority entrepreneurs to borrower funds for business ventures, the federal government recently announced it would be streamlining its lending standards in connection with Small Business Administration (“SBA”) Loans. In order to increase the percentage of loans made to African American business...
As banks have tightened up lending standards making it more difficult for small to mid-sized businesses to acquire the necessary financing they need in order to sustain and/or grow their organizations, business owners have considered alternative financing options. One such alternative is the pledging of...
