Digital Signatures, E-Signatures & Wet Signatures: What’s the Difference?

    3 min read

    Digital Signatures, E-Signatures & Wet Signatures: What’s the Difference?

    The move toward virtual operations may have started as a necessity for many businesses but it’s now a competitive advantage for companies who continue to push on with their digital transformation initiatives. Although technologies like Zoom and Google Meet kept teams engaged during the pandemic, and cloud storage solutions have enabled the exchange of information in real-time, many organizations are still uncertain of their options when it comes to signing forms online.

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    The Biggest Data Breaches in Financial Services Caused by Human Error

    3 min read

    3 of the Biggest Data Breaches in Financial Services History

    The global shift to remote work that began during the Covid-19 pandemic brought terabytes of sensitive data online for the first time. Shortly on the heels of this explosion of remote access points, the amount of cybercrime that targeted private data surged, reflecting the drastic increase of opportunities.

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    Blog Image - Graphs and charts showing a streamlined commercial lending process

    3 min read

    3 Tools to Streamline Your Commercial Lending Process

    Digital transformation can be defined as the process of digitizing business operations through various technologies to maximize efficiency and manage information securely. Combined with automation technologies, digital transformation reduces time spent in rote processes and enables professionals across a number of industries to spend more time applying their skills and engaging with customers.

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    Blog Image - 10 Most Common Types of Personally Identifiable Financial Information

    4 min read

    10 Most Common Types of Personally Identifiable Financial Information

    In 2021, IBM’s annual Cost of a Data Breach report evaluated that the average financial loss associated with a data breach rose from $3.86 million in 2020 to $4.24 million in 2021, marking the single highest year-over increase in the 17-year history of the report. With personally identifiable information being the target in 67% of criminal attempts to breach data, this trend has captured even the attention of Congress.

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    Blog Image - Policies for PII: Identifying and Safeguarding Sensitive Data

    3 min read

    Personally Identifiable Information (PII) Policies: Identifying and Safeguarding Sensitive Data

    In the last two years, the global shift to remote work has precipitated major changes in the methods and targets of cybercrime. As workloads moved to the cloud, remote access points and vulnerabilities proliferated, inviting cybercriminals to focus on remote workers and technologies. Following recent FBI warnings concerning digital identity verification, the surge in attacks targeting remote workers and their personally identifiable information (PII) – now accounting for 67% of all cybercrime –...

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    Blog - How to Relieve the 3 Biggest Headaches for Commercial Lenders

    3 min read

    How to Relieve the 3 Biggest Headaches for Commercial Lenders

    There is no denying that commercial lending is a fast-paced business. Or rather, it should be. But in reality, the commercial loan approval process is slow, clunky, unsecure, and all-around inefficient—making your Small Business Administration (SBA) loan processing times far longer than they should be.

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    How to Remove the Friction Points in Your SBA Loan Approval Process

    3 min read

    How to Remove the Friction Points in Your SBA Loan Approval Process

    SBA loans are a type of small business loan partially guaranteed by the federal government – the Small Business Administration – that mitigate the financial risk of commercial lenders to encourage broader lending to small businesses in need of assistance. The SBA is not a lender. Rather the SBA partially backs small business loan applications within a network of approved lenders.

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    Blog Image - 3 of the Most Informative KPIs for Commercial Lenders

    4 min read

    3 of the Most Informative KPIs for Commercial Lenders

    Success in the commercial lending industry depends on a constant cycle of data-driven evaluations to ensure that your organization originates profitable loans. Tracking key performance indicators (KPIs) specific to commercial loan processing indicates the surest path to informed decision-making. To limit the influence of risky, gut-based decision-making, lending institutions should stress the value of KPIs for maintaining a data-backed understanding of the overall profitability of their loan...

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    FileInvite raises $10 million to change how information is requested

    2 min read

    FileInvite raises $10 million Series A to change how information is requested

    JULY 4: New Zealand-headquartered FileInvite has raised $10 million in Series A investment to fast-forward the extinction of email for requesting and collecting documents online.

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    Bank workers standing in suits

    4 min read

    The 4 Key Features a Bank's Document Collection Platform Must Have

    In nearly every industry, the pace of digital operations has accelerated during the last two years. Despite their traditionally risk-averse and innovation-resistant posture, even lending institutions have felt the pressure to give clients more of the online, self-service, and mobile options they’ve come to expect in customer experiences. Adapting to evolving customer preferences for technologies such as client portals while maintaining secure document collection practices has become a timely...

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    4 min read

    What is SOC 2 Type 2 Compliance?

    Data breaches are on the rise. Incident reports jumped by 68% in 2021, marking the highest single-year increase on record. The trend in data breaches tracks a generalized surge of 300% in cybercrime since the start of the Covid-19 pandemic in 2020.

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    Person typing into a document automation platform

    4 min read

    Integrating Your Financial Systems with a Document Automation Platform

    Is your team bouncing off the walls with new ideas about strategy and better serving your clients, but they’re stuck spending crucial work hours manually filling out documents? Your problem is not unique in the business world. Data suggests that staff productivity falls by 21% due to document issues.

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