Bassett Capital Group

07/13/2020

Congratulations to one of our partners,Fundation, for their CEO being recognized as one of the top 50 technology CEOs of 2020! For nearly a decade, Fundation has developed and continues to advance its proprietary, purpose-built platform to provide significant benefits to its growing ecosystem of banks, B2B merchants, and other institutions to enable their small business customers to access capital through the modern experiences they expect in the digital era. Originally founded as a direct loan originator, Fundation has become the market’s leading platform provider to the U.S. banking system in the small business lending market.

https://www.businesswire.com/news/home/20200709005891/en/

07/07/2020

As the US continues to be hit hard by covid19, more and more consumers are looking for contactless and alternative payment methods. We can help your FI do just that for your customers/members.

The pandemic is propelling a shift toward a cashless society in ways that no other single event has. Experts say that’s not necessarily a good thing.

07/02/2020

Very cool news for Credit Unions and their potential growth!

Credit unions won the day as the Supreme Court rejected an appeal that would have limited consumers' access to financial services. Now Congress must act to remove those field-of-membership restrictions entirely.

06/17/2020

Big news for one of our strategic partners, Upgrade, Inc. as Santander has invested $40 million into their platform to support them in their next stage of growth!

https://lnkd.in/eTPsj-8

Global Bank Joins Leading Fintech Investors Backing Credit-led Neobank Model

06/10/2020

Interesting read from ZootEnterprises about the effects of Covid19 on student loans and the individuals who have them.

Student loans represent a significant slice of debt in America. Prior to the pandemic, borrowers were already facing challenges. What can they expect today?

06/05/2020

Bassett Capital is offering financial institutions the opportunity to sell their recently booked SBA PPP loans to a third party and realize origination income in 2020 vs amortized over the life of the loan

06/03/2020

As Covid19 continues to affect how we do business, it is important to make sure we limit our exposure to risk as best we can. Sadly, the pandemic has created an increase in credit card fraud. Is your organization seeing a significant increase in fraudulent activity during this time?

The dollar volume of fraudulent credit and debit card charges soared 35% year-over-year in April, The Wall Street Journal reported Wednesday, ci...

05/26/2020

Listen to Ted Bernard discuss some key roles of CX, customer insights, and operational alignment in developing strong customer support. Customer support is a critical CX link in ensuring the delivery of the brand promise and customer value proposition.

Host Steve Walker welcomes guest Teb Bernard for a discussion on making the many pieces of CX, like customer support, align with your strategy.

05/21/2020

“COVID: Will your bank survive?” is a White Paper with insights to the risk aspects evaluated by financial service organizations.

Prior to February 2020, development of an Enhanced Credit Diligence (ECD) program to evaluate borrowers was probably was not on the radar across the financial sector. Going forward this type of program will be a basic underwriting component for commercial lending and a credit factor for consumer lending.

Summary:
By 2021, weakening credit portfolios will drive bank consolidations. Survivors have and continue to invest in risk management infrastructure to strengthen their resiliency. This article:
Compares the COVID-19 banking cycle to the Great Recession
Illustrates direct and indirect credit vulnerabilities
Highlights strategic risk management solutions and best practices to mitigate risk

https://lnkd.in/drmzTGM

05/20/2020

Is your financial institution looking to begin investing in ways to grow its balance sheet again? Is boosting customer/membership numbers something that’s been a challenge for your bank or credit union since the pandemic began? Are you looking for a replacement/diversification strategy to utilize?

These are just some of the ways Bassett Capital Group can partner with your financial institution to help you get back on the right track of meeting your 2020 growth goals.

We know that times are still tough for all of us and even though we’re slowly starting to reopen the country, we are still very much in a “wait and see” approach. We hope that you’re all staying safe and healthy during these unprecedented times.

05/19/2020

We are pleased to share a podcast that was just published by Ballard Spahr LLP that included our Managing Partner and Chief Business Officer, Bob Curry, around the topic of "Strategic and Other Considerations for Credit Card Offerings by Medium and Small Financial Institutions."

Increasing regulatory, competitive and economic challenges are causing a new focus on credit cards by medium and smaller-sized financial institutions. We are joined by Robert Curry, Managing Partner and Chief Business Officer of Bassett Capital Group, LLC, an expert on credit card portfolio management, acquisition and divestiture, for a discussion of the types of business structures available to institutions seeking to offer credit cards for the first time and the

associated contractual, compliance and implementation issues. We also examine issues that institutions now offering credit cards should consider in deciding how to operationally move forward during an economic downturn and heightened

competition.

Increasing regulatory, competitive and economic challenges are causing a new focus on credit cards by medium and smaller-sized financial institutions. We are joined by Robert Curry, Managing Partner and Chief Business Officer of Bassett Capital Group, LLC, an expert on credit card portfolio manageme...