Here are some of the top online lending news, stories and trends of August 2018 for online lending investors and industry watchers. Industry News: 08/01/2018 Six takeaways from the Treasury fintech report: National charter, breaches and more. http://ow.ly/Rnpx30le4rG (AmericanBanker) 8/1/2018 Trump Administration embraces fintech startups. (WSJ) 8/1/2018 Here are 5 questions to ask your lending automation vendor. (MonJa blog) 8/6/2018 …
MonJa’s Digital Banking and Lending Monthly Roundup | August
MonJa's Digital Banking and Lending Monthly Roundup - Why Subscribe? Digital banking and lending is evolving rapidly. Recent fintech-banking partnerships and innovation in technology with the introduction of AI, ML and blockchain herald a new era in lending. Fintech's are changing the competitive ecosystem, empowering lenders to process loans faster and smarter. In a world full of noise, understanding how ...
Speed To Market Is Critical In Small Business Loan Underwriting
8 minutes Read. The demand for small business loans is growing at an astonishing pace worldwide, which presents new opportunities as well as formidable challenges to traditional lenders and small lenders alike. Both large and small lenders are facing stiff competition for small business loan underwriting business. Small lenders - with their agility and aversion to lower risks - pose ...
5 Questions To Ask Your Lending Automation Vendor
In today’s ultra competitive lending market, fintechs have taken a march over traditional banks with their digital first service and speed of closing loan applications. Brick and mortar banks now realize that their work is as much about technology as it is about finance. Legacy IT solutions are convenient for in-house operations but can’t be expected to compete with the sophistication of ...
Monthly News Update- August 2018
Here are some of the top online lending news, stories and trends of July 2018 for online lending investors and industry watchers. Industry News: 7/3/2018 “Equifax research reveals that a significant proportion of UK consumers would be up for sharing their data…” (AltFi News) 7/4/2018 Amazon has already made some moves to fintech. What are they speculated to do next? …
MonJa’s Digital Banking and Lending Monthly Roundup | June
MonJa's Digital Banking and Lending Monthly Roundup - Why Subscribe? Digital banking and lending is evolving rapidly. Recent fintech-banking partnerships and innovation in technology with the introduction of AI, ML and blockchain herald a new era in lending. Fintech's are changing the competitive ecosystem, empowering lenders to process loans faster and smarter. In a world full of noise, understanding how the ...
Monthly News Update- July 2018
Here are some of the top online lending news, stories and trends of June 2018 for online lending investors and industry watchers. Industry News: 6/29/2018 Why is fintech favored by high net worth investors? (Altfi) 6/28/2018 Digital Banking? Look To Asia And Africa For Leaders. (Forbes) 6/27/2018 Saving By the Numbers: Tips for Managing Savings at Every Age. (Prosper Loans) …
Blockchain and Its Impact on Small Business Banking
The blockchain technology is now mainstream and is expected to grow to a market size of $2312.5 million by the year 2021. Though media only seems to be reporting about Crypto currencies and their gyrating prices, experts agree that the real future is in adopting the fundamental i.e. the blockchain technology into existing business frameworks. SIZE OF THE BLOCKCHAIN TECHNOLOGY ...
Small Banks and Why They Need To Adapt To The Latest In Artificial Intelligence And Machine Language
Small banks and credit unions play an important role in the US financial system particularly in serving rural and small metropolitan areas. Their essence is in relationships built with the community at the local level, which cannot be established by large banks without a deep regional presence. The key product offerings of small banks are loans to small businesses, mortgages …
Monthly News Update- June 2018
Here are some of the top stories and trends of May 2018 for online lending investors, lenders and industry watchers: Industry News: 5/31/2018 Here are 8 trends shaping the future of blockchain technology. (cbInsights) 5/31/2018 Intel patent for industry blockchain released: No mining, few nodes. (Crowdfundinside) 5/30/2018 RateSetter weighs in on the Great British bank-off debate. (altfi) 5/30/2018 Banking fails …