Comerica Bank Focuses on Small Business & CX with Two new additions

Comerica Incorporated (NYSE: CMA) announced the addition of two key members to its Retail Bank division with the hiring of Omar Salah, Executive Vice President, Director, Small Business Banking, and Brian Haney, Senior Vice President, Director, Strategy & Transformation. Both will report to Cassandra McKinney, Executive Vice President, Executive Director, Retail Bank. “Omar and Brian bring a tremendous amount of expertise and leadership to Comerica’s Retail Bank, and their talents will help us further enhance the experience and services we...

Salem Five Bank Transitions to Baker Hill NextGenÂź

Through the partnership expansion, Salem Five Bank will gain new efficiencies in small business and commercial lending with Baker Hill NextGenÂź Baker Hill, the leading financial technology provider in delivering solutions for loan origination, risk management, and analytics, today announces an expanded partnership with Salem Five Bank. The bank has upgraded to Baker Hill NextGenÂź, Baker Hill’s unified solution that streamlines loan origination and portfolio monitoring. Salem Five is a highly regarded community savings bank founded in...

Small Business Loans could be delivered faster through Fintechs

Coronavirus has put a strain on the organizations which has led to the emergence of loan applications by them for the purpose of survival. 820,000 small business loans have been allocated $205 Billion from the federal emergency funding according to the calculations of ABA Data Bank. Funds have been allocated, but when will they actually reach the owners who need them? It could take several weeks. A sudden increase in the demand for loans has...

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