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After spending the past month trying to manage the current banking environment, it has become very clear that financial institutions must find ways to have a functional remote workforce or the ability to allow their teams to work remotely, when needed, without a decrease in productivity. Instead, some Bank and Credit Unions may simply try to…

When it comes to banks wanting to put in the time and effort to automate their credit process, the excuse is “we’re too busy and have a portfolio to manage” or “the auditors are about to walk in and we don’t have the time to focus on it today”. In this blog post, certain strategies and tactics will be provided to add value to the subject and as bankers like to say, “minimize risk”.

The COVID-19 crisis has forced all of us to adapt to unanticipated circumstances in both our personal and work lives.  As part of our response, we have stepped up our support resources to assist our clients in any way they need.  We were overjoyed to get this note...

In this season of giving, we are sharing five tips to improve the quality of your fireworks photos. Impress your friends & family with spectacular photos of the fireworks on New Years Eve. The good news is, you don’t have to buy anything. The quality of your photos can improve dramatically with just the camera in your phone.

Credit Track received high marks in each of the four categories evaluated by Aite Group: Vendor Stability, Client Strength, Client Service, and Product Features among commercial loan origination (CLO) systems. Global Wave Group received especially high marks in…

Our clients long for a beneficial and positive borrowing experience, and they expect their bankers to “know” who they are. Clients also expect anyone involved in their credit facility origination, funding, renewal & review process to understand what is transpiring without having to explain themselves over and over again. When bank…

As with most initiatives within the Bank, it is virtually impossible to achieve and maintain long-term efficiency without a strong corporate culture. The Executive and Senior Management team of the Bank must support and provide an observable and unwavering commitment…

One of the process issues we see on a regular basis is that as an organization grows, it tends to perform incremental “bolt-ons” to its existing processes rather than rethinking them as growth and circumstance warrant. Admittedly, bolting on a new set of…

We have spent time with many Banks who are looking to improve the performance of their credit processes. Often, they have explained that their overall performance is sluggish – analysis, objections and approvals simply take too long…

You have lending and credit processes that have worked well for years. Growth has been gradual so you have not noticed, nor been able to measure, the cracks that have appeared in the foundation of those processes . Now, you’ve started an integration effort for a bank that’s been acquired, or you’ve been tasked by the Board…

Global Wave Group is active in our local community, Orange County, California. Here is a great article from the University of California, Irvine about Global Wave’s sponsorship of a 2018 capstone project in the Department of Informatics…

Two of the original SaaS arguments are shopworn and are no longer compelling: “Go multi-tenant to save costs” and “Centralize services to ease deployment, maintenance and upgrades”…

First Foundation Bank was delighted with their procurement and implementation of Credit Track, Global Wave Group’s straight-through commercial loan origination system…

AuditOne, LLC Co-CEO Jeremy Taylor has prepared a summary of the proactive measures financial institutions need to consider now to better prepare for the new Current Expected Credit Loss (CECL) standard…

Complexity bias, a cognitive bias in favor of complex solutions, is a possible cause for vanity projects. Design guru Don Norman explains one motivation behind our complexity bias…

While attending business school at Pepperdine University in Malibu, CA, President and CEO of Global Wave Group (GWG), Zubin Mehta was bitten by the entrepreneurial bug. After 18 years as a banker, he had seen firsthand the issues within the banking industry that needed…

GWG is pleased to announce the release of its new Portal Solution that streamlines the document submission process for its Banking Customers. The Portal allows a Bank’s customers to submit loan documentation and related information in an automated, secure manner allowing Banks to gain…