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7 Simple Steps To Boost Your Bank’s Commercial Loan Portfolio

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

Read time: 10 minutes Building your financial institution's commercial loan portfolio without adding more staff can be a challenge. Customer demand for convenience and faster commercial loan underwriting makes it necessary for banks to do more with the resources they have in order to stay ahead of the competition. This guide provides 7 simple steps you can use to improve ...
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Top 15 Most Innovative Fintech Firms Providing Commercial Banking Solutions in 2019 in US

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

Read time: 10 minutes Top financial technology (fintech) companies are developing innovative commercial banking solutions at a rapid pace. From recent fintech startups to established fintech companies, an increasing number of commercial banking providers are revolutionizing the financial industry. A number of large fintech software companies are adding innovative commercial banking solutions to their portfolios in 2019. Here is a ...
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17 Hottest New US Fintechs Every Commercial Bank Should Talk To

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

Read time: 10 minutes Financial technology (fintech) companies in the United States are introducing a wide range of innovative solutions that every commercial bank should know about. Here is a guide to 17 top fintech companies catering to the commercial banking sector to watch in 2019. 1. Appway Appway has developed a platform financial institutions of all types can use to ...
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Embracing The Digital Lending Revolution

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

Read time: 4 minutes. The rapid growth of digital lending has been nothing short of revolutionary and has left banks who cling to traditional manual loan processing facing an ever-growing number of more agile competitors who enjoy a certain advantage. The conventional lending process has always been a labor-intensive one for banks as well as customers, which is why a ...
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MonJa’s Small Business Lending Interview Series: Ryan Rosett, Founder & Co-CEO of Credibly

In Featured, Interview Series by Yulia GnatyukLeave a Comment

We have a brand new episode of  Small Business Lending Interview Series here at MonJa. In these interviews with lending industry leaders, we cover their stories of success, challenges, and secrets of their competitive advantages in small business lending arena, as well as their perspectives on the online lending industry overall. Please welcome our guest: Ryan Rosett, Founder & co-CEO of Credibly. About the ...
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5 Digital Banking Trends To Look For In 2019

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

Read time: 4 minutes. Digitalization dominated banking trends in 2018, and all indications are that the development of ever more sophisticated tech solutions for banking will accelerate in 2019. Faced with increasing competition from other banks, as well as a growing variety of non-traditional firms, banks are embracing digital solutions at a rapid pace. The objectives are to anticipate customer ...
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Commercial Lending Software | Lending 2.0: A Digital Transformation | Infographics

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

Fintech World Landscape: Asia and America Lead, Europe Follows Bank - Fintech Partnerships More than three-quarters (78%) of US commercial banks are considering new fintech partnerships in 2019 in a bid to improve customer experience (42%) and achieve real-time visibility (40%). Digital Lending Statistics in the US US Digital Lending grew loan originations 30.1% year over year to $41.1 billion ...
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7 Myths About Commercial Banking And Digital Transformation

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

Read time: 4 minutes Commercial banking is evolving continuously The great recession was a major body blow. The subsequent rise of fintech lenders, especially in the retail segment, has meant that digital transformation is no longer a question of value addition but of survival. Surprisingly, this is not the case for commercial banking. The truth is that commercial bankers and ...
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4 Challenges of Manual Consumer Lending and How Automation Solves Them

In Featured, Underwriting Automation by Yulia GnatyukLeave a Comment

Read time: 4 minutes Consumer lending traditionally involves several manual processes that greatly increase the time needed to complete a loan transaction. Even though most consumer loans only require 30 minutes of actual work, moving information between physical locations such as a branch or a main office can add hours or even days to the process.  Intensifying competition from non-traditional lenders ...
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Mobile Apps for Lending: What Makes Them Tick?

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

Read time: 3 minutes, 45 seconds. Automated loan underwriting is a significant time saver for lenders. However, it only manages one step in a potentially lengthy review process for a complete loan file. The processing of a loan file begins with collecting, organizing and verifying loan information.  Lenders of all types are discovering that one way to streamline processing is to ...