Data Security in Digital Lending Space
[vc_row][vc_column][vc_column_text]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 […]
MonJa's Digital Banking and Lending Monthly Roundup | October
[vc_row][vc_column][vc_column_text] 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 […]
Digital Lending and Artificial Intelligence
[vc_row][vc_column][vc_column_text]3 Minutes Read. Artificial intelligence (AI) is expanding rapidly in the fintech industry. In particular, AI has largely affected digital lending. 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 or […]
The Future of Digital Lending Innovation
[vc_row][vc_column][vc_column_text]6 Minutes Read. Digital Lending Innovation is revolutionizing business in the financial sector. Going digital has helped many banks and other lenders streamline processes and improve the quality of their services. This, in turn, has led to reduced costs and improved efficiency. Innovations in digital lending are constantly being developed, and the future for the […]
The Roles of Automated Software in Small Business Lending
[vc_row][vc_column][vc_column_text]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 […]
Lenders of the New Age: Incorporating Artificial Intelligence, Machine Learning and Blockchain Technology
[vc_row][vc_column][vc_column_text]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 […]
E-book: How Automation Can Help With Small Business Loan Underwriting
[vc_row][vc_column][vc_column_text] 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.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] Download […]
Signs You Need a Lending Solution Software
[vc_row][vc_column][vc_column_text]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 […]
MonJa's Digital Banking and Lending Monthly Roundup | September
[vc_row][vc_column][vc_column_text] 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 […]
MonJa's Digital Banking and Lending Monthly Roundup | August
[vc_row][vc_column][vc_column_text]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 […]