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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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MonJa’s Digital Banking and Lending Monthly Roundup | February 2019

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

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 noise, understanding how ...
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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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MonJa’s Digital Banking and Lending Monthly Roundup | January 2019

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

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 noise, understanding how ...
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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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MonJa’s Digital Banking and Lending Monthly Roundup | December

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

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 noise, understanding how ...
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Planning Your Journey To Digitization

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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How To Create The Ideal Millennial Bank

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

4 Minutes Read. How to Create the Ideal Millennial Bank Millennials, or the generation born between 1980 and 2000, are an economic force of almost unimaginable strength. They are the largest generation in American history, and by 2022 will make up more than 40 percent of the country's workforce. They already account for $1.3 trillion in buying power annually. And ...
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MonJa’s Digital Banking and Lending Monthly Roundup | November

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

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 noise, understanding how ...
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Overview of Small Business Lenders – 2018 Update

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

8 Minutes Read. We first wrote about key US-based Small Business Lenders in November 2017. In case you missed it, here it is: Overview of US SMB Lenders (Alternative Lenders). This new article is a great addition and update! Please enjoy! Small Business Lending has dramatically evolved since the market crash of 2008. With the advent of fintech marketplace lending, the ...