Mid-sized financial institutions (FIs) — including community banks, regional banks, and credit unions — face growing challenges in automating their lending processes. This is particularly true for small to mid-sized businesses (SMBs). While 70% of FIs have automated consumer lending, only 33% have done so...
Banking technology firm Amount has introduced its unified account opening and loan origination platform. The new solution is designed to help banks and credit unions reduce costs, streamline operations and improve customer/member experience, the company said in a Tuesday (Oct. 15) news release. “According to a 2023...
Small businesses have a big problem: access to capital. And this big problem is an equally big opportunity for the lenders that can get it right. But for decades, banks and credit unions, often entrenched in legacy systems, have struggled to provide the seamless, efficient...
Where the consumer space is nimble and flexible, the B2B landscape can be comparatively stiff. But when momentum builds in B2B, it can be hard to stop. And that’s what is happening — as new tech continues driving massive gains across the B2B landscape by...
October 16, 2024
Mid-sized financial institutions (FIs) — including community banks, regional banks, and credit unions — face growing challenges in automating their lending processes. This is particularly true for small to mid-sized businesses (SMBs). While 70% of FIs have automated consumer lending, only 33% have done so for SMBs. This gap in automation is leading to higher […]
October 01, 2024
Small businesses have a big problem: access to capital. And this big problem is an equally big opportunity for the lenders that can get it right. But for decades, banks...
September 17, 2024
The benefits of swapping analog, manual processes for digital ones are obvious. But that doesn’t mean they don’t bear repeating — especially against a backdrop of fierce demand for streamlined,...
August 26, 2024
FinTechs must stay vigilant, dynamic and innovative to best serve financial institutions, Amount CEO Adam Hughes writes in a new PYMNTS eBook, “Beyond the Horizon: How to Identify Unexpected Threats...
October 24, 2024
Credit underwriting strategy can be an untapped competitive advantage for lenders. It turns out analytics can be used to automate and improve that too. To help financial institutions of all sizes customize their credit, pricing and fraud policies, the consumer and small business deposit and loan origination software solutions provider Amount has launched an AI […]
October 15, 2024
Banking technology firm Amount has introduced its unified account opening and loan origination platform. The new solution is designed to help banks and credit unions reduce costs, streamline operations and improve customer/member...
September 24, 2024
Digital origination/decisioning company Amount has debuted a small-business-focused lending suite for banks and credit unions. The new SMB (small- to medium-sized business) Suite, announced Tuesday (Sept. 24), is designed to...
August 15, 2024
Banking technology firm Amount has raised $30 million to expand into the credit union sector. Amount announced the $30 million equity capital raise in a Thursday (Aug. 15) press release that also...
