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How did Community Banks and Credit Unions go above and beyond to support local communities during the COVID-19 crisis?

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

Read time: 6 minutes In this article, we cover some inspiring examples of how some Community Banks and Credit Unions went above and beyond to support local businesses, their communities, and employees during the COVID-19 crisis.  The tanking of the global economy has ensured more severely on small local businesses. Bigger enterprises are almost always able to fall back on ...
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Online Lending Monthly News – July 2020

In Commercial Lending, Industry News, Marketplace Lending by Yulia GnatyukLeave a Comment

Online Lending Monthly News. Here are some of the top stories and trends of June 2020 for online lending investors and industry watchers. Industry News 6/1/2020 Mark Cuban, banker Jill Castilla create site to streamline PPP (American Banker) 6/2/2020 New P2P lending credit card aims to shake up the industry (AltFi News) 6/3/2020 Vervent and Finitive Working Together to Promote Fintech ...
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MonJa’s Digital Banking and Lending Monthly Roundup | June 2020

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

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.  In a world full of ...
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COVID-19 Impact on Small Business Lending Industry

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

Read time: 5 minutes The coronavirus outbreak has hit the main street-side economy in the gut and it has been unleashing devastation all over the world. Medical authorities are racing to drug trials to slow down and prevent the virus from spreading but success currently eludes the medical community. So, the question is how did COVID-19 impact the small business ...
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MonJa’s Digital Banking and Lending Monthly Roundup | May 2020

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

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.  In a world full of ...
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Online Lending Monthly News – June 2020

In Commercial Lending, Industry News, Marketplace Lending by Yulia GnatyukLeave a Comment

Online Lending Monthly News. Here are some of the top stories and trends of May 2020 for online lending investors and industry watchers. Industry News 5/1/2020 Twelve days after round one of the PPP loan program ended round two opens to massive pent up demand. (Lend Academy) 5/5/2020 The Do's and Don'ts of Banking in the Times of Coronavirus. (MonJa blog) ...
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7 Benefits of Digitalization to a Bank’s Existing Client Base

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

Read time: 8 minutes Introduction There was a time when doing banking transactions used to be a very difficult and time-consuming task. You had to stand in a long queue to conduct basic financial transactions such as withdrawing cash or depositing money. Thanks to ATM and later to the digitalization, the users can perform all these transactions at their home at ...
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MonJa’s Digital Banking and Lending Monthly Roundup | April 2020

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

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.  In a world full of ...
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Online Lending Monthly News – May 2020

In Commercial Lending, Industry News, Marketplace Lending by Yulia GnatyukLeave a Comment

Online Lending Monthly News. Here are some of the top stories and trends of April 2020 for online lending investors and industry watchers. Industry News 4/1/2020 Fintechs still pushing for new hires despite the coronavirus outbreak. (AltFi News) 4/2/2020 8 New Fintech Ebooks to Read While in Covid-19 Quarantine (FiintechCH) 4/6/2020 Bank of America is the first big bank to accept ...
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Banking in the Times of Coronavirus: Do’s and Don’ts

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

Read time: 6 minutes The ongoing spread of COVID-19 carries with it one of the biggest threats to disrupt the global economy and financial markets.  In this article, we are talking about banking in the times of coronavirus. We cover what are bank's Do’s and Don’ts in these unprecedented times. Lockdown has led to a decrease in productivity. It has ...