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Meet MonJa at ICBA Live National Convention in Nashville

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

8 Minutes Read. The Independent Community Bankers of America (ICBA) strives to create and uphold an environment that allows community banks to grow in a sustainable and profitable manner. Community banks compose 99 percent of American banks, currently employing more than 760,000 and holding almost $5 trillion in assets. The ICBA National Live Convention is where experts showcase upcoming trends ...
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2018: How traditional banks invested in digital transformation for success

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

12 Minutes Read. With the rise of technology, banks are increasingly digitizing their business models. The digital transformation of the banking system not only improves the flow of control and work efficiency, but gives banks an edge over their competitors. According to a survey conducted by Accenture, 67% of banking executives believe that within the next five years customers will ...
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Automated Loan Underwriting Trends For 2019

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

4.5 Minutes Read. Automated loan underwriting is one of the fastest-growing areas for businesses seeking to improve the customer experience and operational efficiency. The lending industry has been a trailblazer in automation amidst an increasingly challenging business environment. Developments in automated loan underwriting have answered lenders' need for new tools to stay competitive and profitable. Pressures in the business lending market ...
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Small Business Lending: The Profit Puzzle Facing Commercial Banks

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

8 Minutes Read. Small businesses play a critical role in the American economy. They employ half of the private sector workforce and have created approximately 60% of the new jobs in the US since 1995. Access to credit is essential to the health of small businesses. It helps small firms maintain cash flow, bring on new employees, buy additional inventory ...
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Planning Your Journey To Digitization – A Guide for Banks

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

4 Minutes Read. Digital solutions are opening opportunities for financial institutions in small business lending and other services. Specifically, automation boosts process efficiency, reducing costs while raising productivity. For most banks, a third-party provider is the most practical source for small business lending software solutions. In order to successfully integrate a digital lending solution, your business needs a sound strategy. ...
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Lenders of the New Age: Incorporating Artificial Intelligence, Machine Learning and Blockchain Technology

In Commercial Lending, 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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Small Banks and Why They Need To Adapt To The Latest In Artificial Intelligence and Machine Learning

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

Small banks and credit unions play an important role in the US financial system particularly in serving rural and small metropolitan areas. Why should they care about artificial intelligence and machine learning when their business with borrowers is based on personal relationships? Their essence is in relationships built with the community at the local level, which cannot be established by ...
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Overview of US-Based Small Business Lending Platforms (Alternative Lenders).

In Commercial Lending, Featured, Marketplace Lending by MonJa TeamLeave a Comment

“Of the 28 million small businesses in the United States, over half faced financial challenges in the last year [2016] Janet Zablock; Former Head of Global Small Business at Visa and currently, an Independent Board member at Nav Inc. As we have all heard multiple times, Small and Medium Businesses (SMB) are the backbone of the US economy. Still, they struggle ...
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Overview of US Real Estate Lending Platforms (Online Lenders)

In Commercial Lending, Featured, Marketplace Lending, Underwriting Automation by MonJa TeamLeave a Comment

Let's start with some of the reasons that lead to the hyper growth of some of US-based real estate lending platforms. Since the 2008 financial crisis, the whole dynamics of real estate lending has changed. The perennial sources of funding like commercial banks, insurance companies, and other traditional lenders have turned much more conservative when it comes to underwriting loans ...