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Data Security in Digital Lending Space

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4 Minutes Read. The Equifax data breach in 2017 caused a significant data loss for more than 145 million people in the U.S., U.K. and Canada. Cybersecurity has become a top priority for financial institutions around the globe, particularly in the digital lending. The Equifax incident was considered a wake-up call for the industry. But even before that, data security in ...
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MonJa’s Digital Banking and Lending Monthly Roundup | October

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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 ...
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Online Lending Monthly News Update- November 2018

In Industry News, Marketplace Lending by Yulia GnatyukLeave a Comment

Here are some of the top online lending stories and trends of October 2018 for online lending investors, lenders and industry watchers: Industry News 10/1/2018 These founders share what makes for a good fintech company. (Forbes) 10/1/2018 The future of banking: Fintech or Techfin? (Forbes) 10/3/2018 Good prices or good service: What hooks online-online banking customers? (American Banker) 10/4/2018 As …

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Digital Lending and Artificial Intelligence

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3 Minutes Read. Artificial intelligence (AI) is expanding rapidly in the fintech industry. Digital lending is one of the key areas in which it is being applied. By 2020, as much as 5 percent of all of economic transactions will be handled by autonomous software, including loan transactions. By applying machine learning to collected borrower data, software solutions can approve ...
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The Future of Digital Lending Innovation

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6 Minutes Read. Digital lending is revolutionizing business in the financial sector. Going digital has helped many banks and other lenders to streamline processes and improve the quality of their services. This, in turn, has led to reduced costs and improved efficiency.  New innovations in digital lending are constantly being developed, and the future for the sector looks bright. Here ...
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The Roles of Automated Software in Small Business Lending

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4 Minutes Read. The small business lending sector was revolutionized with the introduction of Fannie Mae's Desktop Underwriter in 1995. The many roles the automated system filled in the lending process convinced financial institutions of the value of investing in a business lending software solution. Such software essentially operates as a fast, accurate employee who can make routine decisions when ...
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Lenders of the New Age: Incorporating Artificial Intelligence, Machine Learning and Blockchain Technology

In Featured, Small Business Loan Underwriting by Yulia GnatyukLeave a Comment

12 Minutes Read. Although alternative digital lending is still in its infancy, it has made a major mark in the consumer and SMB lending industry. A survey conducted by American Banks Association claims that: the volume of loans originated by digital lending platforms will rise to USD 90 billion in 2020 in the US, constituting about 10% of the total ...
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E-book: How Automation Can Help With Small Business Loan Underwriting

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Looking for ways to grow and expand the loan origination volumes? Wondering how do this cost-effectively? Trying to simplify your loan underwriting workflow? It may be the right time to start exploring automation. Check out our e-book to learn how loan underwriting automation can simplify and boost the productivity of your lending process. Download Our Free E-Book! Email Address Company ...
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Signs You Need a Lending Solution Software

In Featured, Small Business Loan Underwriting by Yulia GnatyukLeave a Comment

4 Minutes Read. Loan approvals are growing at near-record rates among all types of financial institutions, particularly in small business loans, which is why many lenders are turning to lending solution software. Automated lending solutions can help financial institutions streamline processes and improve customer service by reducing the time and potential for errors in manual underwriting.  If your lending business ...
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MonJa’s Digital Banking and Lending Monthly Roundup | September

In Industry News, Small Business Loan Underwriting by Yulia GnatyukLeave a Comment

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 ...