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MonJa’s Digital Banking and Lending Monthly Roundup | August

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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Speed To Market Is Critical In Small Business Loan Underwriting

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8 Minutes Read. The demand for small business loans is growing at an astonishing pace worldwide, which presents new opportunities as well as formidable challenges to traditional lenders and small lenders alike. Both large and small lenders are facing stiff competition for small business loan underwriting business. Small lenders - with their agility and aversion to lower risks - pose ...
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5 Questions To Ask Your Lending Automation Vendor

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

In today’s ultra competitive lending market, fintechs have taken a march over traditional banks with their digital first service and speed of closing loan applications.  Brick and mortar banks now realize that their work is as much about technology as it is about finance.  Legacy IT solutions are convenient for in-house operations but can’t be expected to compete with the sophistication of ...
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MonJa’s Digital Banking and Lending Monthly Roundup | June

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 the ...
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Blockchain and Its Impact on Small Business Banking

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

The blockchain technology is now mainstream and is expected to grow to a market size of $2312.5 million by the year 2021. Though media only seems to be reporting about Crypto currencies and their gyrating prices, experts agree that the real future is in adopting the fundamental i.e. the blockchain technology into existing business frameworks. SIZE OF THE BLOCKCHAIN TECHNOLOGY ...
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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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Small Businesses and Why They Represent The Last Straw For Community Banks

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

Alternative Lending is now mainstream with SoFi, Lending Club and Prosper capturing the imagination of the millennial generation disillusioned by the banking sector after the financial crisis of 2008-09.   A report by the Judge Cambridge Business School highlights the fact that fintech consumer lending is now a big part of the consumer lending landscape. The Consumer lending segment ended …