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Digital Lending and Artificial Intelligence

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3 Minutes Read. Artificial intelligence (AI) is expanding rapidly in the fintech industry. Digital lending is one of the key areas in which it is being applied. 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 ...
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The Future of Digital Lending Innovation

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6 Minutes Read. Digital lending is revolutionizing business in the financial sector. Going digital has helped many banks and other lenders to streamline processes and improve the quality of their services. This, in turn, has led to reduced costs and improved efficiency.  New innovations in digital lending are constantly being developed, and the future for the sector looks bright. Here ...
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The Roles of Automated Software in Small Business Lending

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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 can make routine decisions when ...
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Lenders of the New Age: Incorporating Artificial Intelligence, Machine Learning and Blockchain Technology

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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 about 10% of the total ...
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E-book: How Automation Can Help With Small Business Loan Underwriting

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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. Download Our Free E-Book! Email Address Company ...
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Signs You Need a Lending Solution Software

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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 underwriting.  If your lending business ...
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MonJa’s Digital Banking and Lending Monthly Roundup | September

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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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Monthly News Update- October 2018

In Industry News, Marketplace Lending by Yulia GnatyukLeave a Comment

Here are some of the top online lending news, stories and trends of September 2018 for online lending investors and industry watchers. Industry News: 9/4/2018 P2P fund sees best 2018 month of returns. (AltFiNews) 9/5/2018 U.S. Bank, Wells, Citi and Great Western: Bankers on the move. (AmerBanker) 9/6/2018 How is fintech transforming microfinance? (whartonknows) 9/7/2018 Hong Kong’s digital banking push …

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Monthly News Update- September 2018

In Industry News, Marketplace Lending by Yulia GnatyukLeave a Comment

Here are some of the top online lending news, stories and trends of August 2018 for online lending investors and industry watchers. Industry News: 08/01/2018 Six takeaways from the Treasury fintech report: National charter, breaches and more. http://ow.ly/Rnpx30le4rG (AmericanBanker) 8/1/2018 Trump Administration embraces fintech startups. (WSJ) 8/1/2018 Here are 5 questions to ask your lending automation vendor. (MonJa blog) 8/6/2018 …

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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 ...