5 Key Challenges that Banks & Credit Unions will face the most in 2020
[vc_row][vc_column][vc_column_text]Read time: 8 minutes [/vc_column_text][vc_single_image image=”10222″ img_size=”medium” alignment=”center”][vc_column_text] 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 […]
MonJa at Marketplace Lending & Alternative Financing Summit 2019
[vc_row][vc_column][vc_single_image image=”10200″ img_size=”large” add_caption=”yes” alignment=”center”][vc_row_inner][vc_column_inner][vc_column_text] 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 industry professionals. The conference has been organized by the […]
MonJa's Digital Banking and Lending Monthly Roundup | November 2019
[vc_row][vc_column][vc_column_text]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. […]
Online Lending Monthly News Update- December
[vc_row][vc_column][vc_row_inner][vc_column_inner][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner][vc_single_image image=”10092″ img_size=”large” alignment=”center”][vc_column_text] Online Lending Monthly News. Here are some of the top stories and trends of November 2019 for online lending investors and industry watchers. [/vc_column_text][vc_column_text] Industry News [/vc_column_text][/vc_column_inner][/vc_row_inner][vc_column_text]11/1/2019 Judge Rules OCC Unable to Issue Fintech Charters. (LendAcademy) 11/1/2019 The changing shape of bank-fintech partnerships. (American Banker) 11/4/2019 The ‘Underbanked’ Is The Next Trillion-Dollar […]
MonJa at Small Biz: Banking Conference in Los Angeles
[vc_row][vc_column][vc_column_text]Read time: 5 min [/vc_column_text][vc_single_image image=”10066″ img_size=”medium” alignment=”center”][vc_column_text] Introduction The Small Biz: Banking Conference was held on November 19-21 at the Intercontinental Downtown in Los Angeles. From the last 23 years, the American Banker Small Business Banking Conference has been the nation’s largest and most progressive small business banking event in the industry. The […]
The Federal Reserve Bank of Philadelphia: Third Annual Fintech Conference
[vc_row][vc_column][vc_row_inner][vc_column_inner][/vc_column_inner][/vc_row_inner][vc_column_text]Read time: 5 min [/vc_column_text][vc_single_image image=”9975″ img_size=”medium” alignment=”center”][vc_column_text] About The Federal Reserve Bank of Philadelphia The Federal Reserve Bank of Philadelphia is one of the 12 Regional Reserve Banks that make up the Federal Reserve System together with the Board of Governors in Washington, D.C. Philadelphia Fed has been a strong advocate of growing the […]
Is Your Bank Ready for Cloud Technology? Pros and Cons of Running Systems On-Premise vs. in the Cloud
[vc_row][vc_column][vc_column_text]Read time: 5 minutes [/vc_column_text][vc_column_text] Introduction Cloud technology can allow lending organizations scalability so even the smallest credit union or community bank can benefit. Care must be taken to ensure that sensitive financial information remains the property of the lending institution. The solution involves access to expert financial cloud-based software, accessible via portal logins. This […]
Online Lending Monthly News Update- November
[vc_row][vc_column][vc_row_inner][vc_column_inner][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner][vc_column_text] Online Lending Monthly News. Here are some of the top stories and trends of October 2019 for online lending investors and industry watchers. [/vc_column_text][vc_single_image image=”9933″ img_size=”large” alignment=”center”][vc_column_text] Industry News [/vc_column_text][/vc_column_inner][/vc_row_inner][vc_column_text]10/30/19 The Opportunity For Fintech Has Never Been Bigger (LendAcademy) 10/30/19 Monzo appoints ClearBank top executive as its new Chief Risk Officer (AltFiNews) 10/29/19 The […]
MonJa's Digital Banking and Lending Monthly Roundup | October 2019
[vc_row][vc_column][vc_column_text]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. […]
Automation Of Credit Underwriting For Banks And Credit Unions: 9 Reasons Why It Is Beneficial
Introduction The advent of technology has undoubtedly changed the way things function in the world. In times where people depended on traditional banking and other offline sources for loans, credit underwriting was a tedious and very long process for borrowers. Now, with lending accessible through digital platforms, credit underwriting has also had to evolve to […]