About a year ago, I wrote a GonzoBanker column that lamented the lack of viable software tools to help streamline and automate the commercial lending process. Fifteen months later, I am pleased to say that the commercial loan software market is about to heat up BIG TIME. [Read more]
Understanding that the PayPal system currently relies on funding from bank checking or credit card accounts, I don’t think PayPal will seriously hurt our bottom lines. However, with 100 million accounts, it is bound to make an impact on customer loyalty. [Read more]
There is every reason why banks should have as their over-arching objective an environment where all non-customer facing loan activities are performed 100 percent off-site using images and not paper. It’s time for this aspect of credit administration to leave the Sputnik days behind! [Read more]