www.bankingdive.com Open in urlscan Pro
2606:4700:4400::6812:2a06  Public Scan

Form analysis
4 forms found in the DOM

Name: signup-inter-form — POST /signup/

<form id="signup-inter-form" class="form-basic" name="signup-inter-form" action="/signup/" method="POST">
  <input type="hidden" name="signup_box_location" value="interstitial">
  <input type="hidden" name="signup_initial_url_path" value="">
  <h1> Don't miss tomorrow's banking industry news </h1>
  <p class="interstitial-text"> Let Banking Dive's free newsletter keep you informed, straight from your inbox. </p>
  <p class="form-error__message" id="interstitial-error"></p>
  <div id="form-interstitial">
    <input type="email" name="email" placeholder="Work email address" class="email" required="" id="id_6a3952_email">
    <div id="newsletter-list-section">
      <ul id="id_6a3952_site_newsletters" class="list-no-bullets">
        <li><label for="id_6a3952_site_newsletters_0"><input type="checkbox" name="site_newsletters" value="760" class="list-no-bullets" id="id_6a3952_site_newsletters_0"> Daily Dive <span class="secondary-label">M-F</span></label>
        </li>
        <li><label for="id_6a3952_site_newsletters_1"><input type="checkbox" name="site_newsletters" value="3172" class="list-no-bullets" id="id_6a3952_site_newsletters_1"> Fintech Weekly <span class="secondary-label">Every Wednesday</span></label>
        </li>
      </ul>
    </div>
    <div id="interstitial-consent-container">
      <input name="user_consent" value="1" id="id_user_consent" type="checkbox">
      <span> By signing up to receive our newsletter, you agree to our <a href="https://www.industrydive.com/terms-of-use/" target="_blank">Terms of Use</a> and
        <a href="https://www.industrydive.com/privacy-policy/" target="_blank">Privacy Policy</a>. You can unsubscribe at anytime. </span>
    </div>
  </div>
  <input id="signup-inter-submit" class="email_submit submit button" type="submit" data-role="none" value="Subscribe today">
</form>

GET /search/

<form action="/search/" method="GET" data-ajax="false">
  <label for="search-desktop">
    <span class="screen-reader-text search">Search</span>
  </label>
  <input id="search-desktop" type="search" name="q" placeholder="Search" data-role="none">
  <button type="submit" value="" data-role="none" class="search-button-front analytics t-search-navigation-drawer">
    <img src="/static/img/menu_icons/search.svg?320116291121" alt="search" height="16" width="16" loading="lazy">
  </button>
  <img class="close" src="/static/img/menu_icons/close.svg?273117231121" width="16" height="16" alt="close search" loading="lazy">
</form>

GET /search/

<form action="/search/" method="GET" data-ajax="false">
  <label for="search-mobile">
    <span class="screen-reader-text">Search</span>
    <input id="search-mobile" type="search" name="q" placeholder="Search" data-role="none">
  </label>
  <button type="submit" value="" data-role="none" class="search-button-front analytics t-search-navigation-mobile">
    <img src="/static/img/menu_icons/search.svg?320116291121" width="15" height="15" alt="search">
  </button>
</form>

Name: signup — POST /signup/

<form class="form js-form-email-validate" name="signup" action="/signup/" method="POST">
  <label for="id_2c2c4_email" class="email-input js-email-input">
    <span class="screen-reader-text">Email:</span>
    <input type="email" name="email" placeholder="Work email address" class="email" required="" id="id_2c2c4_email">
  </label>
  <input type="hidden" name="signup_box_location" value="integrated_menu">
  <input type="hidden" name="signup_initial_url_path" value="/press-release/20240916-encapture-releases-updated-small-business-lending-rule-dodd-frank-1071-mo/">
  <input type="hidden" name="js_enabled" value="1" id="id_2c2c4_js_enabled">
  <ul class="signup-list list-no-bullets">
    <li>
      <label><span class="screen-reader-text">Select Newsletter:</span></label>
      <input id="newsletter-integrated_menu-checkbox-760" type="checkbox" name="site_newsletters" value="760" class="checkbox">
      <label for="newsletter-integrated_menu-checkbox-760">
        <span class="newsletter-title">Daily Dive</span>
        <span class="secondary-label">M-F</span>
      </label>
    </li>
    <li>
      <label><span class="screen-reader-text">Select Newsletter:</span></label>
      <input id="newsletter-integrated_menu-checkbox-3172" type="checkbox" name="site_newsletters" value="3172" class="checkbox">
      <label for="newsletter-integrated_menu-checkbox-3172">
        <span class="newsletter-title">Fintech Weekly</span>
        <span class="secondary-label">Every Wednesday</span>
      </label>
    </li>
    <li>
      <label><span class="screen-reader-text">Select user consent:</span></label>
      <input type="checkbox" name="user_consent" id="id_user_consent-integrated_menu" value="1" class="checkbox">
      <label for="id_user_consent-integrated_menu">
        <span class="signup-user-consent_box">
          <span> By signing up to receive our newsletter, you agree to our <a href="https://www.industrydive.com/terms-of-use/" target="_blank">Terms of Use</a> and
            <a href="https://www.industrydive.com/privacy-policy/" target="_blank">Privacy Policy</a>. You can unsubscribe at anytime. </span>
        </span>
      </label>
    </li>
  </ul>
  <button class="button button--medium signup-button" type="submit" value="Sign up">Sign up</button>
  <script type="module" src="/static/js/dist/sendEmailToLytics.bundle.js?230816160924"></script>
  <label class="error email_error" style="display:none;">A valid email address is required.</label>
  <label class="error newsletter-error" style="display:none;">Please select at least one newsletter.</label>
</form>

Text Content

Skip to main content


DON'T MISS TOMORROW'S BANKING INDUSTRY NEWS

Let Banking Dive's free newsletter keep you informed, straight from your inbox.



 * Daily Dive M-F
 * Fintech Weekly Every Wednesday

By signing up to receive our newsletter, you agree to our Terms of Use and
Privacy Policy. You can unsubscribe at anytime.

 * Deep Dive
 * Opinion
 * Library
 * Events
 * Press Releases
 * Topics

Sign up
 * Search
 * Sign up

Search
 * Commercial
 * Retail
 * Credit Unions
 * Payments
 * Regulations & Policy
 * Technology
 * Risk
 * Fintech


← Press Releases



ENCAPTURE RELEASES UPDATED SMALL BUSINESS LENDING RULE (DODD-FRANK 1071) MODULE


UPDATED SMALL BUSINESS LENDING MODULE INTEGRATES SEAMLESSLY WITH MAJOR LOS

PRESS RELEASE FROM ENCAPTURE

September 16, 2024

 * post
 * share
 * post
 * print
 * email

Press Contacts
Brynna Desantiago
pr@encapture.com

DALLAS —

Encapture announces a new data validation solution that will enhance compliance
reporting in line with the expansion of the small business lending rule,
Dodd-Frank 1071, addressing the increasing regulatory demands and shrinking
margins faced by compliance teams. Building on the success of Encapture’s CRA
and HMDA data validation solutions, this solution integrates with top Loan
Origination Systems (LOS) from companies including nCino, Baker Hill, and
Abrigo. Encapture offers an AI-driven solution to streamline manual data
processes for financial institutions like Wells Fargo, Prosperity Bank, and
Veritex.

1071 regulations are expected to significantly increase labor costs as
compliance teams manually review each small business loan, with many financial
institutions predicting they will need to nearly double their staff to handle
the additional data fields and stricter scrutiny. 

“As 1071 regulations come into effect, it's crucial for financial institutions
to start preparing now. Our expanded 1071 module, seamlessly integrated with
major LOS platforms, offers a ready-to-deploy solution that eases the pressure
on compliance teams,” said Will Robinson, CEO of Encapture. “We’re already
partnering with key banks to help them stay ahead of these regulations and
ensure data accuracy.”

 Encapture’s 1071 module simplifies compliance by automating the extraction and
verification of demographic data from small business lending documents, allowing
compliance teams to reduce manual labor and focus on strategic oversight. In
order to bring a more comprehensive solution to the market, Encapture
collaborated with top banks in their existing customer base like BankPlus,
Century Bank, and others.

“We’re excited about this integration. It's going to help us get ready for the
small business lending rule without having to bring on a ton of extra staff,”
says Encapture customer, Marvin Tellez, CIO and SVP of Lending Systems and
Product Development at Century Bank. “This partnership with Encapture will make
our operations smoother, improve loan margins, and get us ahead of the game on
upcoming regulations.

With Encapture’s updated module, banks can achieve a 90%+ efficiency gain for
these new data requirements, reducing loan review time from one hour to just
minutes. By automating the validation of 82 newly required data collection
points for 1071, banks can avoid the need for additional staffing making
intelligent automation an increasingly appealing alternative. 

Financial institutions including banks, credit unions, and lenders can ensure
100% loan review penetration through a process that is much more reliable than
traditional, manual sampling methods by extracting data automatically from
verified documents, reduce fraud false positives, increase lending capacity, and
eliminate data scrubbing. To learn more about this solution
visit https://encapture.com/compliance/.

###
About

Encapture is a machine learning platform that accelerates funding times,
improves loan margins, and reduces regulatory risk for banks, credit unions, and
fintech lenders. The platform integrates with existing banking processes to
automatically verify and validate documents and data, ensuring full compliance
with evolving regulations. Visit www.encapture.com for more information.


 * 
 * 
 * 
 * 
 * 



--------------------------------------------------------------------------------

 * 
 * 
 * 
 * 

EXPLORE

 * About
 * Editorial Team
 * Contact Us
 * Newsletter
 * Article Licensing
 * Press Releases
 * What We're Reading

REACH OUR AUDIENCE

 * Advertising
 * Post a press release
 * Submit an opinion piece
 * Promote an event

RELATED PUBLICATIONS

 * CFO Dive
 * Payments Dive

--------------------------------------------------------------------------------

image/svg+xml
Industry Dive is an Informa business
© 2024 Industry Dive. All rights reserved. | View our other publications |
Privacy policy | Terms of use | Take down policy.
Cookie Preferences / Do Not Sell
Search
 * Home
 * Topics
   * Commercial
   * Retail
   * Credit Unions
   * Payments
   * Regulations & Policy
   * Technology
   * Risk
   * Fintech
 * Deep Dive
 * Opinion
 * Library
 * Events
 * Press Releases


GET BANKING DIVE IN YOUR INBOX

The free newsletter covering the top industry headlines

Email:
 * Select Newsletter: Daily Dive M-F
 * Select Newsletter: Fintech Weekly Every Wednesday
 * Select user consent: By signing up to receive our newsletter, you agree to
   our Terms of Use and Privacy Policy. You can unsubscribe at anytime.

Sign up A valid email address is required. Please select at least one
newsletter.