Baker Hill’s Post

In today’s fast-evolving commercial lending market, challenges like regulatory pressures, outdated processes, and shifting customer expectations can stand in the way of growth. 🚀 Our latest blog explores the top obstacles facing U.S. commercial lenders—and the strategies that leading institutions are using to stay competitive. From improving credit decisioning to enhancing the customer experience, see how the industry is adapting to meet modern demands. Read the full blog here: https://lnkd.in/gj695S8f #CommercialLending #LendingSolutions #FintechInnovation #BankingChallenges #DigitalTransformation #RegulatoryCompliance #CustomerExperience #CreditRisk #FinancialServices #BankingIndustry #USBanking #CommercialBanking #Finanta

In the world of commercial lending, staying competitive means tackling some big challenges—think regulatory pressures, outdated processes, and changing customer expectations. This blog from Finanta dives into the top obstacles lenders face today and offers a look at how forward-thinking institutions are adapting. Worth a read for anyone navigating the complex landscape of U.S. commercial lending. Read the full blog here: https://lnkd.in/gwzJuQTP #CommercialLending #LendingSolutions #FintechInnovation #BankingChallenges #DigitalTransformation #RegulatoryCompliance #CustomerExperience #CreditRisk #FinancialServices #BankingIndustry #USBanking #CommercialBanking #Finanta

In the latest issue of the 90-Day Note, Ollie Sutherin, CFO of Young & Associates, explores the evolving small business lending landscape and the critical role technology plays in shaping the future for community financial institutions. While community banks have long been defined by their personal, relationship-driven service, the rise of fintech and tech-savvy competitors has transformed small business owners' expectations—placing a premium on speed, efficiency, and automation. This shift presents a double-edged sword: balancing a high-touch, community-focused approach with the technological innovations required to stay competitive. From automated loan processing to streamlined decision-making, the article examines how community financial institutions can bridge the investment gap, leverage tailored technology solutions, and preserve the personal service that sets them apart. Discover actionable strategies for embracing a "high-tech, high-touch" approach to small business lending while strengthening community connections. Learn how your institution can thrive in this rapidly changing environment. Read the full article here: https://lnkd.in/giBFUcJN #SmallBusinessLending #CommunityBanking #LendingTechnology

Imagine your expense reports taking minutes, not days... Open banking can make that dream a reality! According to a Coleman Parkes study, European businesses lose £301bn per year due to poor spend controls. So what if there was a way to: 👋 Ditch the tedious categorisation ⚡ Generate reports in a flash 🕵♂️ Spot suspicious spending instantly 🔝 Offer seamless top-ups for your customers ➡️ Swipe through our carousel to discover how #OpenBanking can transform your expense management. Ready to get started? Book a call with us today (see the link in the comments!) #OpenBanking #ExpenseManagement #Finance #FinTech #Fraud

*New report* More Small Businesses and Mid-Size Companies in the U.S. Consider Switching Banks. New Greenwich Market Pulse Shows Businesses Considering Private Lenders. “In a time of elevated interest rates, business owners and executives are taking every possible step to secure the funding they need to run and grow their businesses—including exploring non-traditional sources of financing,” says Chris McDonnell. https://lnkd.in/euGbgQv4

If Credit accessibility for Small Business' is of interest, you may want to join Uplinq Financial Technologies on Wednesday April 24, 12 – 1 pm EST (UTC-04:00) for a webinar highlighting the challenges of “Fair and Accessible Credit to small business, and the impact of AI.” The webinar will feature the following speakers: Ron Shevlin (moderator) – Chief Research Officer, Cornerstone Advisors Jane Prokop – EVP and Global Head, Small and Medium Enterprises, Mastercard Qamar Saleem – CEO, SME Finance Forum/World Bank Group Patrick Reily – Co-founder, Uplinq Financial Technologies Mark Valentino – President and Head of Business Banking, Citizens Bank The webinar will cover topics on how banks and credit unions can leverage AI technology and alternative data to expand lending opportunities for small businesses, highlighting challenges in lending to minority and protected class segments. Learn what potential solutions can be leveraged that can change the landscape and enable access to fair lending for underserved segments within small business, while helping lenders profitably manage risk. 

Even with signs of improvement in small business conditions, many owners are still struggling. A recent survey reveals that 45% are cutting nonessential spending and 34% are accepting lower profits. 📉 Renata Caine, General Manager of banking-as-a-service at Green Dot Corporation, highlights how fintechs can ease this burden. She suggests three key ways fintechs can support small businesses: 👉 Access to financing 👉 Account aggregation for a holistic financial picture 👉 A platform approach: growing with your clients Read the article for the full breakdown on how #fintechs can help small business clients navigate these challenges: https://lnkd.in/gjbGq2HX #FintechNews #Fintech #Banking #BaaS #SMB #Finance #SmallBusinesses

Small businesses are at risk of failure without access to capital, as highlighted in Jack Henry's 2024 U.S. Small Business Lending Needs and Trends report. The report reveals crucial statistics: 82% fail due to poor cash flow, 29% close when they run out of cash, and 9% receive no funds after applying for a loan. Banks are stepping up to support SMBs with innovative technology. Check out more insights in the article below including some of the moves being made by some of the key players and how they are helping Small Businesses (Chase, TD and Citizens). #SmallBusiness #FinancialSupport

Targeting small businesses? 86% of banks and 59% of credit unions are making this a priority. See how digital guidance technology helps streamline cash management sales while keeping things personal - and keep you competitive! https://hubs.ly/Q02YZBB_0 #SmallBusiness #CashFlowManagement #BankingInnovation

𝐓𝐡𝐞 𝐄𝐯𝐞𝐫-𝐄𝐯𝐨𝐥𝐯𝐢𝐧𝐠 𝐖𝐨𝐫𝐥𝐝 𝐨𝐟 𝐁𝐚𝐧𝐤𝐢𝐧𝐠 & 𝐅𝐢𝐧𝐚𝐧𝐜𝐞. The banking and finance sector is a dynamic and crucial part of the global economy. It encompasses a wide range of services, from managing financial instruments to providing loans and credit. Scope: * Commercial banking: Provides financial solutions to businesses, such as loans, cash management services, and trade finance. * Investment banking: Helps businesses raise capital, manage investments, and facilitate mergers and acquisitions. * Retail banking: Offers financial products and services to individuals, including deposit accounts, loans, and credit cards. * Insurance: Provides financial protection against risks, such as accidents, illnesses, and property damage. * Fintech: Utilizes technology to innovate and disrupt traditional financial services. Benefits: * Manages financial risks: Banks and financial institutions help individuals and businesses manage risk by providing products like insurance and investment diversification. * Facilitates business growth: Businesses rely on banks for loans and other financial services to fund their operations and growth. * Fuels economic development: A healthy banking and finance sector is essential for economic development by providing the capital needed for businesses to invest and grow. Challenges: * Cybersecurity threats: Financial institutions are prime targets for cyberattacks due to the sensitive data they handle. * Regulatory compliance: Banks and financial institutions must comply with a complex set of regulations to ensure the stability and security of the financial system. * Keeping pace with innovation: The financial sector is constantly evolving, and banks need to be adaptable to stay ahead of the competition. #banking #finance #financialservices #fintech "What are your thoughts on the future of banking?"