7 Myths About Commercial Banking And Digital Transformation
[vc_row][vc_column][vc_column_text]Read time: 4 minutes [/vc_column_text][vc_single_image image=”8832″ img_size=”full”][/vc_column][/vc_row][vc_row full_width=”stretch_row”][vc_column width=”1/2″][vc_column_text] 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 […]
4 Challenges of Manual Consumer Lending and How Automation Solves Them
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 […]
MonJa's Digital Banking and Lending Monthly Roundup | April 2019
[vc_row][vc_column][vc_column_text]6 Minutes Read 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. […]
Mobile Apps for Lending: What Makes Them Tick?
[vc_row][vc_column][vc_column_text]Read time: 3 minutes, 45 seconds. [/vc_column_text][vc_single_image image=”8719″ img_size=”large” alignment=”center”][vc_column_text]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 […]
12 Features to Look For in Lending Software
[vc_row][vc_column][vc_column_text]5 Minutes Read. Lending software that automates loan underwriting can greatly reduce friction points in the lending process. The benefits of faster, more efficient processing, however, should not compromise sound lending guidance. Software can reduce underwriting to an automated process according to pre-set guidelines, but there may be areas where automated underwriting is insufficient. Lenders […]
Commercial Vehicle Lending in the Digital Age
[vc_row][vc_column][vc_column_text] 4 Minutes Read. Commercial vehicle lending is embracing digital technology at a quickening pace. Loan underwriting, however, is still largely carried out using conventional, non-automated methods. As a result, some big banks are pushing to expand auto lending and introducing new channels such as direct lending, which may help drive greater automation.[/vc_column_text][vc_single_image image=”8656″ img_size=”large” alignment=”center” css_animation=”none”][vc_column_text] The commercial […]
Can Automated Underwriting Help Your SBA Loan Clients?
[vc_row][vc_column][vc_column_text] 4 Minutes Read. Loans guaranteed by the Small Business Administration (SBA) are a valuable source of capital for many growing businesses. Small business lending software can now incorporate automated underwriting to make their SBA lending faster, more customer-friendly and more profitable than ever before.[/vc_column_text][vc_single_image image=”8630″ img_size=”large” alignment=”center” css_animation=”none”][vc_column_text] A brief overview of SBA lending The […]
MonJa's Digital Banking and Lending Monthly Roundup | March 2019
[vc_row][vc_column][vc_column_text]6 Minutes Read 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. […]
A Speedy And Hassle-Free MCA Lending
[vc_row][vc_column][vc_column_text] 4 Minutes Read. Merchant cash advance (MCA) lending is a popular alternative to traditional loans for small businesses. For lenders, however, the MCA lending process requires more work and can take longer than conventional loans. Automated underwriting platforms offered by MonJa can help streamline the MCA lending process and improve productivity. How MCA Lending Works [/vc_column_text][vc_single_image […]
Technological Solutions For Credit Unions
[vc_row][vc_column][vc_column_text]8 Minutes Read. While credit unions have typically been slower at adopting new fintech solutions, this fact is changing. 2018 was a great year for financial innovation, with technology making processes faster, more productive, and more customer-friendly. Credit unions are increasingly recognizing the advantages of tech-driven lending solutions and are looking to deploy them in their […]