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How Can a Bank Increase Revenue By Accessing Fintech Automated Underwriting

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

Read time: 6 minutes Introduction Any lending business faces a challenge with modern banking processes. How can your institution balance the loan amount with the time spent underwriting to ensure that loan processing is profitable and functions as a revenue stream generator? Luckily, your institution can use Fintech automated underwriting software to achieve that. For example, statement spreading software these ...
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MonJa’s Digital Banking and Lending Monthly Roundup | January 2020

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

5 Minutes Read 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 ...
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Online Lending Monthly News Update- February 2020

In Commercial Lending, Industry News, Marketplace Lending by Yulia GnatyukLeave a Comment

Online Lending Monthly News. Here are some of the top stories and trends of January 2020 for online lending investors and industry watchers. Industry News 1/2/2020 The Ten Biggest News Stories of the Decade in Marketplace Lending (LendAcademy) 1/3/2020 Bitcoin, despite its ups and downs, had a monster decade of growth (AmericanBanker) 1/6/2020 The Top 5 Fintech Trends Everyone Should Be ...
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Can a Bank Quickly Streamline Loan Underwriting With the Help of Fintech?

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

Read time: 5 minutes Introduction Manual underwriting processes make typical commercial loans (especially complex ones) extremely time-consuming for community banks and credit unions to analyze and underwrite. Financial institutions and lenders that use digital technology and tools, supported by risk assessments and artificial intelligence (AI), can process loans much faster and more efficiently.   Companies that specialize in digitally automating financial ...
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3 Reasons for a Bank To Tap Into Outside Loan Underwriting Services

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

Read time: 5 minutes Introduction The financial lending landscape evolves constantly and often community banks and credit unions falter when adopting new technology. You need to make sure customer data is safe for your reputation and make sure you have fast data access when undergoing audits, all while maintaining a competitive edge. An obvious money-saving choice is utilizing a cloud ...
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Want to Speed Up Your Commercial Loan Underwriting? Smart Scan Technology Automates the Process

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

Read time: 5 minutes Introduction MonJa’s automated underwriting system is the biggest value we provide to banks and credit unions. We help your financial institution to speed up commercial loan (C&I, CRE, commercial vehicle, SBA and other small business loans) underwriting by 70%. We do it with the help of MonJa smart scan technology. All that credit officers need to ...
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Online Lending Monthly News Update- January 2020

In Commercial Lending, Industry News, Marketplace Lending by Yulia GnatyukLeave a Comment

Online Lending Monthly News. Here are some of the top stories and trends of December 2019 for online lending investors and industry watchers. Industry News 12/3/2019 Fintechs now offering financial services to small businesses. (AmericanBanker) 12/4/2019 Monzo, Bud and Apple employees launch new fintech. (AltFiNews) 12/6/2019 The 5 Debates That Will Shape Fintech In The 2020s. (Forbes) 12/6/2019 The Biggest Technology ...
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MonJa’s Digital Banking and Lending Monthly Roundup | December 2019

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

6 Minutes Read 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 ...
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5 Key Challenges that Banks & Credit Unions will face the most in 2020

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

Read time: 8 minutes Introduction The banking and financial services industry has evolved in the past decade. With the emergence of digital banks and marketplace lenders, banks and credit unions are no longer the first port of call for credit and banking needs. The biggest challenge being faced by the industry is the changing customer expectation. A typical millennial does ...
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MonJa at Marketplace Lending & Alternative Financing Summit 2019

In Commercial Lending, Industry News, Marketplace Lending by Yulia GnatyukLeave a Comment

Opal's Machine Learning & AI Panel: from left to right: James Wu, Joseph Breeden, Ido Lustig, and Tim Collins Introduction The Marketplace Lending & Alternative Financing Summit was held on 8-10th December at Monarch Beach Resort, Dana Point. The Summit is an educational forum designed for investors, issuers, platforms, underwriters, banks rating agencies, lawyers, service providers, accountants, and other related ...