Mar 03

Making Sense of Fintech Lending Models [VIDEO]

 

 Filmed at Acquired Or Be Acquired 2017 Conference in Phoenix, AZ, with the Bank Director team, Mike Dillon, National Sales Director of Akouba, talks about what type of fintech lending solution should your bank pursue. Mike outlines what management

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Feb 02

American Bankers Association Endorsed Digital Lending Solution by Akouba

Akouba’s digital lending solution has been endorsed by the American Bankers Association – through its subsidiary the Corporation for American Banking. Akouba’s solution provides community and regional banks with an origination and underwriting platform for small business loans. 

“In a rapidly changing lending environment, and with marketplace lenders disrupting the business lending space, our platform will help banks bring their customers the technology they have been lacking,” said Chris Rentner, CEO, Akouba. “The ABA’s endorsement will give lending institutions the assurance that Akouba’s solutions meet the highest standards.”

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Dec 12

Akouba announced as a member of the FIS High Potential Fintech Network

Akouba was announced as one of six fintech startups that will be part of their HiPo Network this morning. The FIS HiPo (short for “high potential”) Network is a collection of firms that have demonstrated substantial promise in the development of new tools and technologies that deliver purposeful innovation for our clients around the world.

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Oct 10

Akouba presents at Bank Director Conference

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Sep 09

We're working to streamline the internal bank process of small business loans

In addition to providing technology for online applications, we also provide technology for banks to internally streamline the process.


Once an application is submitted through our online application portal, Akouba starts to build a story around the business. Our small business origination platform is designed to let you see the who, what, why and where of the business that is applying. We use information from the application and suppliment it with 3rd party data then point out areas that need your special attention.

 

Once you know the basics of the company, your underwriters can go into the financial analysis that manifests on our system as a credit risk rating. This is simply the organization of the factors that you are usually looking at into.  What we call dimensions, often times they are referred to the 5 c’s. Your bank has complete control over what these dimensions are and the weighting of them for the overall score that is assigned to the application.

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Sep 09

UX case study and the importance of online applications

As a user experience expert, I have the opportunity to speak to small business owners through interviews, surveys and casual conversations. There's is a common statement that I hear from so many owners:

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Jun 06

Akouba Selected in FIS Cohort

 

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Apr 04

Why I joined Akouba: Mike Dillon

Dear Friends,

With three decades in financial services – several of them as a sales manager, I have experienced firsthand the potential impact online lenders can have on balance sheets. Omni channel experience, expedited decisioning, simplification of the application, condensing of the end to end processing time and giving
 businesses needed access to capital are all things online lenders have become adept at. Banks and credit unions want to play in this space as well, but struggle with profitability for loans under $250,000.

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Mar 03

Today, Akouba, has unveiled its new brand mark.

Over the last year, Akouba has seen many changes. But the most important change is our shift to a singular focus, bringing our technology to financial institutions.

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Mar 03

Leadership Series: Bank Director

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