BUSINESS AND MONEY
Is Your Lending Facility Too Complex? Eric Kleiner Financial Advisor Provides Tips on Simplifying It
Streamlining success: Lending facilities embrace automation to combat operational complexity and enhance customer satisfaction
For many lending facilities, complexities can quietly erode efficiency, accuracy, and customer satisfaction. Many firms find themselves bogged down by outdated systems, inconsistent workflows, and redundant processes that slow down decision-making. To stay agile, lenders must take a proactive approach to identify these issues and simplify their operations. Whether it’s leveraging automation, streamlining communication between departments, or continuously refining workflows, Eric Kleiner says that every step toward simplicity translates into better service, faster approvals, and less operational strain.
Recognizing When Your Facility Is Too Complex
Lending can gradually become more complicated over time without anyone noticing. When staff struggle to manage daily tasks or borrowers face delays and confusion during the application process, it’s a sign that the system may be too complex. These issues can lead to inefficiencies that slow down approvals and frustrate customers. An increase in exception handling or frequent escalations can be subtle indicators that the workflow is no longer serving its purpose.
Operational complexity often shows up as inconsistent workflows, too many manual steps, or overlapping responsibilities between teams. A lender with multiple disconnected platforms or unclear approval chains typically experiences longer turnaround times and compliance risk. When these challenges persist, they can deter high-performing employees and diminish overall morale.
Pinpoint What’s Causing the Problem
Many lending facilities operate on outdated systems that were never designed for today’s speed or scale. When teams rely on spreadsheets, paper forms, or disconnected platforms, tasks multiply and errors become harder to track. Legacy infrastructure often sits at the core of these issues, making process changes more difficult than they should be. Additionally, the lack of system integration often leads to unnecessary data re-entry and an increased…
CURRENT EDITION
WEATHER
TODAY
RH
WASHINGTON BUREAU
U.S. Treasury Sanctions Haitian Gang Facilitators Linked to Viv Ansanm Terror Network
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced new
ICE Arrests More Than 1,400 Noncitizens in Massachusetts During ‘Patriot 2.0’ Operation
U.S. Immigration and Customs Enforcement (ICE) and federal law enforcement partners arrested 1,406 individuals unlawfully
Vincent Iacopella on Building Resilient Supply Chains in a World of Uncertainty
In the past five years, global trade has been reshaped by unprecedented levels of disruption. From the pandemic’s ripple effects to evolving geopolitical tensions, from escalating regulatory demands to the rise of forced labor enforcement, businesses have been forced to reconsider how they move goods across borders. The term…
Standard Dental Labs CEO James Brooks on Building the Next $100M Dental Conglomerate
Standard Dental Labs (OTCQB: TUTH) has quietly emerged as one of the most compelling small-cap stories in the healthcare sector. Following a strategic restructuring and rebrand, the company is now executing a bold plan to roll up independent dental labs into a nationwide powerhouse. Investors who understand the timing…
Under Secretary John K. Hurley Calls for Modernization of Bank Secrecy Act to Strengthen Anti-Money Laundering Efforts
In a recent address at the Association of Certified Anti-Money Laundering Specialists (ACAMS) Assembly Conference, Under Secretary for Terrorism and Financial Intelligence John K. Hurley acknowledged the complexities facing the financial sector in the fight against money laundering and terrorist financing. Speaking to an audience of industry professionals, Hurley…
NeoTerrex Minerals Positioned for Growth Amid North America’s Rare Earths Revival
As global demand for clean energy, defense technology, and advanced electronics accelerates, rare earth elements (REEs) have become critical to securing the future of key industries. NeoTerrex Minerals Inc. (TSXV: NTX), a junior exploration company based in Quebec, is strategically advancing its projects in the mining-friendly jurisdiction.
A Strategic Leap…
Bank of America Report Reveals Surge in Employee Demand for Financial Wellness Support Amid Rising Living Costs
A new report from Bank of America reveals a significant shift in employee attitudes towards financial wellness, with nearly 7 in 10 workers remaining optimistic about their financial futures. However, many are increasingly seeking guidance regarding long-term savings and immediate personal finance management, prompted by rising living costs and…
Digital marketplaces revolutionize hospitality: The rise of marketplace specialists driving success in the travel industry
Digital marketplaces have transformed the hospitality landscape, becoming essential touchpoints for travelers and businesses alike. In this new backdrop, visibility, responsiveness, and personalization are more than advantages—they’re necessities. Hospitality marketplace specialists have emerged as key players in this shift, blending analytical skills with digital fluency to help properties thrive across platforms such as Airbnb, Expedia, and Booking.com.
Their efforts go beyond listing management; they shape guest experiences, drive revenue, and ensure that brands remain competitive in an evolving digital climate. According to Jason Nissen, with technology continuing to reshape how people book and experience travel, businesses that invest in marketplace management are positioning themselves not just for short-term gains but for long-term relevance.
The Role of Hospitality Marketplace Specialists
Hospitality marketplace specialists manage a brand’s presence and performance on digital platforms. Their work involves optimizing listings, monitoring pricing, and ensuring properties meet the platform’s standards to attract bookings.
They support a range of operations, from small vacation rentals to large hotel chains, by tailoring strategies to meet specific business models. A boutique hotel might rely on a specialist to increase visibility during off-peak seasons, while a short-term rental company could depend on them to manage dozens of listings across multiple platforms. Their…
Maine, North Carolina, and South Carolina tie for second place, with job opening rates of 5.6% – 27% above the national rate
A recent study by Podium AI has revealed significant disparities in job posting rates across the United States, with West Virginia emerging as the standout state. The state boasts a job opening rate of 6%, which is 36% higher than the national average of 4.4%. This translates to approximately 46,000 job vacancies, highlighting West Virginia’s unique position in the current employment landscape.
Following West Virginia, three states—Maine, North Carolina, and South Carolina—share the second spot with a job opening rate of 5.6%, which is 27% above the national average. North Carolina leads this trio with a staggering 301,000 job openings, while Maine and South Carolina have 39,000 and 143,000 openings, respectively.
In third place, Georgia, Montana, Oklahoma, and Virginia each report a job opening rate of 5.4%, showcasing variations in job availability. Georgia tops this group with 286,000 vacancies, followed closely by Virginia with 246,000 openings.
Arkansas comes in fourth with a rate of 5.3%, where employers are actively seeking to fill around 78,000 positions. The fifth spot is shared by Mississippi, New Hampshire, New Mexico, Tennessee, and Vermont, all with a job opening rate of 5.1%. Tennessee leads this group with 183,000 job openings, while Vermont has the lowest at…
U.S. Manufacturing Activity Sees Slight Improvement in August 2025
The latest ISM® Manufacturing PMI® Report indicates that U.S. manufacturing activity contracted for the sixth consecutive month in August, although the pace of contraction showed slight signs of easing. The Manufacturing PMI® registered at 48.7%, which is a 0.7-percentage point increase from July’s reading of 48%.
According to Susan Spence,…
Debt Isn’t Just a Number. It’s a Conversation. Allan Marshall & Associates Are There to Listen and to Help
You can’t see debt on someone’s face. You won’t always notice it in their lifestyle. Sometimes it’s someone behind on their mortgage. Sometimes it’s a retiree quietly skipping meals. Other times, it’s the small business owner smiling through payroll stress, or the parent using credit to buy school supplies….
CEO Confidence Recovers Slightly in Q3 2025, Yet Caution Persists
The Conference Board’s Measure of CEO Confidence™, in collaboration with The Business Council, has shown a noticeable rebound in the third quarter of 2025, rising to 49 — a significant increase from the previous quarter’s low of 34. This upward movement suggests a recovery in sentiment, though it still…
Gold’s Bull Run Has More Room to Run, Says Knightsbridge Partner
Tor Martin Flesvik isn’t ready to call it quits on gold just yet.
The Partner at Knightsbridge Associates opened his recent market commentary with a tongue-in-cheek reference to Austin Powers’ Goldmember: “I love gold! The look of it! The smell of it! The taste of it! The texture!” But…
Rising Healthcare Costs Offset by Wage Growth, But Disparities Persist Across States
A recent study by Steno Health has revealed significant findings regarding healthcare spending in the United States over the past five years. While healthcare costs have steadily risen, many Americans are spending a smaller percentage of their salaries on these expenses compared to previous years.
The analysis highlights that…
Sends is proud to announce that its CEO, Alona Shevtsova, has been honoured with the title of Woman Entrepreneur in Fintech of the Year at the prestigious Brit Fintech Awards. The awards ceremony was held on Friday, 3rd October, at One George Street, London, bringing together leading entrepreneurs, investors, and visionaries from across the UK and the international fintech landscape.
The award recognises Alona Shevtsova’s outstanding leadership, innovation, and dedication to advancing financial technology solutions that drive inclusion, transparency, and efficiency in global payments.
“This award is not just a personal achievement, but a recognition of the incredible work our Sends team does every day,” said Alona Shevtsova, CEO of Sends. “The fintech industry is about breaking barriers, building trust, and shaping the future of financial services. I am honoured to be recognised among such talented peers and remain committed to driving innovation that empowers both businesses and individuals worldwide.”
In 2025, Sends took a major step forward by launching a versatile platform designed for both personal and business use. The platform allows users to open accounts, issue digital bank cards, connect acquiring services, and more. Over the past year, Sends has seen rapid growth in its client base.
The recognition at the Brit Fintech Awards highlights Alona Shevtsova’s role as a trailblazer for women in technology and Sends’ growing impact on creating the financial services platform.
MORE ARTICLES
Retirement Planning Insights From Cynthia Giovacchino: How to Pivot When Life Disrupts Your Strategy
Nuveen Launches Global Infrastructure Investment Platform to Meet Rising Demand
U.S. Private Sector Employment Sees Growth in July 2025 With Pay Increases, According to ADP Report
The latest ADP National Employment Report indicates positive momentum in the U.S. labor market, revealing that private sector employment increased by 104,000 jobs in July. This growth is accompanied by an overall 4.4 percent increase in annual pay, reflecting a robust economic landscape.
Produced by ADP Research in partnership with…
U.S. Home Prices See Moderate Growth of 4.1% in Q2 2025 Amid Economic Uncertainties
As we transition into mid-2025, the real estate market continues to navigate through various challenges and opportunities. A recent report from Fannie Mae’s Home Price Index (FNM-HPI) reveals some noteworthy trends in single-family home prices across the United States. The latest figures indicate that home prices increased by…
Residential Real Estate Markets Show Resilience in 2025
The first half of 2025 has brought continued growth to several housing markets, as detailed in a newly released report by William Pitt-Julia B. Fee Sotheby’s International Realty. The findings cover annual market results across regions including Fairfield, Litchfield, and Hartford Counties, the Shoreline in Connecticut, the Berkshires in…
Retirement Planning Insights From Cynthia Giovacchino: How to Pivot When Life Disrupts Your Strategy
Giovacchino is an Osaic Institutions Financial Professional. Securities offered through Osaic Institutions, Inc. Member FINRA/SIPC. There is no assurance that investing through a financial professional will improve net results
Even the most carefully constructed retirement plans can be thrown off course by life’s surprises. Whether it’s an unexpected divorce, a health crisis, or a sudden job loss late in your career, these events can disrupt financial plans that once felt secure. According to Cynthia Giovacchino, an experienced financial planner with decades of client-facing work, preparation is essential—but so is the ability to adapt when life doesn’t go according to plan.
Building a Retirement Strategy That Can Adapt
Retirement is often imagined as the reward for years of hard work and financial discipline, but flexibility, Giovacchino notes, is just as essential as preparation. “Life has a way of surprising us,” she says. “What matters is how we adapt when our original plan no longer fits our new reality.”
Cynthia Giovacchino has worked with many individuals navigating emotional and financial challenges by emphasizing strategic thinking and compassionate guidance. One such example involved a client who experienced an unexpected layoff in their late 50s.
Instead of panicking, talking with an experienced financial professional helped them map out a phased retirement plan that included part-time consulting and revised investment strategies—demonstrating how tailored planning can turn uncertainty into opportunity, designed to help clients feel supported,…
EDITOR'S
CHOICE
Nuveen Launches Global Infrastructure Investment Platform to Meet Rising Demand
Rental Regulation Tightens in 2025, Why Institutional Management Is Now a Competitive Advantage
Across Canada and the United States, new rules are reshaping how landlords operate. Municipal licensing, tax reforms, and stricter compliance measures have raised the bar for rental providers.
For many property owners, navigating this complexity alone has become untenable. Institutional property managers such as Royal York Property Management are…
U.S. Economic Indicators Signal Mixed Trends as LEI Dips While CEI and LAG Show Growth
The Conference Board Leading Economic Index® (LEI) for the US ticked down by 0.1% in May 2025 to 99.0 (2016=100), after declining by 1.4% in April (revised downward from –1.0% originally reported). The LEI has fallen by 2.7% in the six-month period ending May 2025, a much faster rate…
United States Imposes Sanctions on Iranian Money Laundering Network
The United States government announced on Friday the imposition of sanctions on over 35 individuals and entities associated with a sophisticated money laundering network that supports the Iranian regime. This action targets a network believed to have laundered billions through various exchange houses in Iran as well as foreign…