3 min read
FileInvite: Oct 11, 2022 9:45:00 AM
In 2000, the U.S. Congress passed the Electronic Signatures in Global and National Commerce Act, recognizing electronic signatures as legally binding under certain specified conditions.
3 min read
FileInvite: Oct 4, 2022 10:30:00 AM
Averaging two to three months from application to funding, applying for Small Business Administration (SBA) loans stands out as a tedious and time-consuming process among other business loan types. Because an office of the U.S. government backs as much as 85% of SBA loans, additional applicant scrutiny is necessary to ensure the long-term success of the program.
5 min read
FileInvite: Sep 29, 2022 3:41:00 PM
As a mortgage lender, you're likely working with multiple clients at any one time. To process and close their mortgages, you need a host of documents. The busier the season, the more documents you're juggling and trying to manage in your email inbox.
3 min read
FileInvite: Sep 27, 2022 12:15:00 PM
Reports in the second quarter of 2021 showed a 37.2% year-over-year increase in mortgage fraud risk, with an estimated 0.83% of applications – roughly 1 in 120 – containing fraudulent documentation. For financial institutions in the market for fraud detection solutions, the Fortiro Protect platform – founded by PwC Australia in 2019 – has emerged as a frontrunner in applications of state-of-the-art technologies to fraud detection and identity verification in loan applications.
3 min read
FileInvite: Sep 22, 2022 11:30:00 AM
In Q4 of 2019, just 6% of U.S. office jobs were 100% remote. That percentage spiked to 35% during COVID-19 restrictions, however a return to pre-pandemic levels now seems thoroughly untenable. In fact, studies project full-time white-collar office positions will account for 25% of the workforce in 2023.
3 min read
FileInvite: Sep 19, 2022 8:30:00 AM
Across industries, 63% of potential clients say that onboarding experiences influence their decision to stay with a business, product, or service, and 90% of those are willing to spend more to avoid difficult processes. In financial services and accounting, client onboarding requires an unusually high volume of documentation. If firms and institutions still use paper-based processes or have new clients submit documentation via various email attachments, wasted time accrues and client...
3 min read
FileInvite: Aug 30, 2022 12:13:36 PM
In nearly every industry, digital transformation is changing customer behaviors and expectations. In an increasingly hyperconnected world where consumers make purchases from the comfort of their couches at 11:00 pm, or on the morning commuter train with a few clicks on a smartphone, self-service options have grown in appeal. In fact, 81% of customers would like to see businesses offer more self-service options.
1 min read
FileInvite: Aug 30, 2022 9:00:00 AM
30 August 2022: FileInvite has just been named as a FrontRunner in the file sharing software category by Software Advice. FrontRunners is designed to help small businesses evaluate which software products may be right for them.
3 min read
FileInvite: Aug 26, 2022 5:00:00 PM
Technology enables lenders to grow faster by minimising document collection and verification friction, easing pressure, accelerating the loan process and detecting ‘liar loans’ Sydney, Australia, 26 August 2022: Australian FinTech Fortiro has joined forces with FileInvite to provide real-time document verification and fraud detection to automate the loan application process for the Australian & New Zealand lenders. The partnership comes at a time when lenders are experiencing new pressures on...
3 min read
FileInvite: Aug 25, 2022 9:00:00 AM
In Q4 of 2019, full time remote workers accounted for just under 6% of the American workforce. In less than three years, the global industry-wide shift to remote work that originated during the Covid-19 pandemic has put permanent full time remote positions on track to constitute 28% of the total workforce — an increase of 466% — by 2025.
4 min read
FileInvite: Aug 22, 2022 4:00:00 PM
The 2001 Patriot Act created new obligations for banking institutions to verify customer identities with a multipoint system known as Know Your Customer (KYC). At that time, federal regulators declined to articulate specific standard KYC processes, holding that the burden of customer due diligence (CDD) should fall on businesses that would otherwise only comply with bare minimum requirements.
3 min read
FileInvite: Aug 16, 2022 11:00:00 AM
Excelling as a business with a distributed workforce is easier today than ever before. By working smarter and using modern productivity tools, you can increase your team’s efficiencies and automate many of the tedious processes that used to take hours out of every week.
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