HomeJanuary 2024 – Insights from Around the Industry

January 2024 – Insights from Around the Industry

3 Ways Automation Is Impacting the Financial Industry

“The world of finance is well known for its paper trails and manual processes. Despite rapid technological advancements in the last ten years, 71% of these processes remain manual. However, things are beginning to shift as this fiercely competitive market adjusts to technological advancements.”

Commercial Factor 2024 Outlook

“Following up on our 2023 year in review, Commercial Factor spoke with several leaders from factoring and ABL firms to discuss their perspective on 2024, including a look at the challenges and opportunities ahead and how new technology, industry consolidation, continued fraud risk and more will shape the factoring industry in the next 12 months.”

SFNet Quarterly ABL Survey Shows Asset-Based Lending Holds Steady in US

“New origination activity was muted, but portfolios showed no signs of major deterioration in Q3 SFNet Survey”

A roadmap for bank leaders to build community trust

“Over the last few years, banks have found themselves in a cycle of managing from crisis to crisis. While the banking industry remains strong and resilient in the aftermath of the pandemic and recent bank closures, maintaining a foundation of trust with our communities is not always easy.”

An Interview with MidCap Business Credit’s Steven Samson and Seth Cooper

“Steven Samson, president, has been with MidCap for more than 10 years and is responsible for the oversight of all functions of the business. Steve has more than 30 years experience in commercial banking and asset-based lending including senior roles at People’s United Bank, GE Capital, and RBS Citizens Business Capital. Steve has also served in senior level risk roles with two start-up specialty finance companies. He is a director of the Secured Finance Network. Steve received his undergraduate degree in finance from the University of Connecticut and his juris doctor degree from Quinnipiac University School of Law.

Seth A. Cooper is senior vice president, sales manager, business development officer – Northeast, is responsible for new business development throughout the Northeast. He has spent the last 20 years building asset-based businesses for both large regional banks and independent commercial finance companies. He is a former board member of the CT Turnaround Management Association and is an active member of the Turnaround Management Association, the Association for Corporate Growth and the Secured Finance Network. Seth is a former SFNet 40 Under 40 Award Winner and received his undergraduate degree from Elon University.”