The latest from FileInvite

Blog Image - sending emails is not compliant

4 min read

How Sending Documents via Email Fails to Meet the Updated FTC Safeguards Rule

FileInvite: Nov 10, 2022 9:30:00 AM

Sending sensitive documents via email is familiar and convenient. However, convenience has many downsides, with the biggest being poor data security. If your staff still rely on emailing sensitive information and unencrypted documents, including those containing your customers’ PII and PIFI (Personally Identifiable Financial Information), then you are taking huge risks.

Commercial Lending

3 min read

3 Tools to Streamline Your Commercial Lending Process

FileInvite: Jul 28, 2022 9:15:00 AM

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.

Commercial Lending

4 min read

10 Most Common Types of Personally Identifiable Financial Information

FileInvite: Jul 26, 2022 11:15:00 AM

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.

Commercial Lending

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

3 min read

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

FileInvite: Jul 21, 2022 9:15:00 AM

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 –...

Commercial Lending

3 min read

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

FileInvite: Jul 14, 2022 2:45:00 PM

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.

SBA Lending

3 min read

3 of the Most Informative KPIs for Commercial Lenders

FileInvite: Jul 12, 2022 2:00:00 PM

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...

Commercial Lending

4 min read

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

FileInvite: Jun 23, 2022 12:14:12 PM

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...

Commercial Lending

4 min read

What is SOC 2 Type 2 Compliance?

FileInvite: Jun 17, 2022 8:48:55 AM

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.

Commercial Lending

2 min read

FileInvite Establishes US Headquarters in Colorado to Support Rapid Growth

FileInvite: Jun 2, 2021 8:00:00 AM

DENVER – June 2, 2021 FileInvite, a document and data collection platform provider, founded in New Zealand, announced today it has selected Colorado as the location for its U.S. headquarters and will begin hiring to support its rapid growth in the North American market.

Press

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