CLOUDecision
July 25, 2016
Technology is becoming increasingly more prevalent in how businesses operate, and banking is no exception. Cloud-based financial lending software offers banks and credit unions much more flexibility, reliability, and agility – all while allowing them to cut costs at the same time.
August 3, 2016
Deciding whether to implement Software-as-a-Service (SaaS) vs. traditional legacy software for assessing commercial loan risk should be based on several different factors. In addition to ensuring the software can perform the necessary operating tasks, it’s important to evaluate both the actual dollar amount and the value proposition of each. When […]
August 22, 2016
There are many differences between legacy and cloud-based software. One primary difference is that legacy software is installed on a server in a central location. Each computer within your company must then be linked to that server in order to access its programs. Cloud-based software is not physically housed in […]
September 1, 2016
Cross River Bank, located in Teaneck, New Jersey, was in need of a “loan servicing software that would complement our core processor,” according to David Tilis, Director of Loan Operations/Servicing. During their search, Cross River Bank could find very few options that met their parameters. Not only did Cross River […]
September 15, 2016
In today’s increasingly volatile lending environment, commercial banks and credit unions demand greater accountability while keeping costs down and ensuring compliance. The conventional approach of utilizing legacy hardware and software simply isn’t as efficient as it used to be. Software-as-a-Service (SaaS) provides advantages that not only cuts costs for the […]
September 28, 2016
The lending department at community banks and credit unions are responsible for many different aspects related to commercial loans. Every loan that has risks must be carefully weighed to determine if they are viable for the short and long-term health of the institution. The key factors have always been the […]