View Post

Online Lending Monthly News Update- November

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 October 2019 for online lending investors and industry watchers. Industry News 10/30/19 The Opportunity For Fintech Has Never Been Bigger (LendAcademy)  10/30/19 Monzo appoints ClearBank top executive as its new Chief Risk Officer   (AltFiNews)  10/29/19 The changing shape of bank-fintech partnerships (AmerBanker) 10/29/19 Walmart to build accelerator ...
View Post

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

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

5 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 ...
View Post

Automation Of Credit Underwriting For Banks And Credit Unions: 9 Reasons Why It Is Beneficial

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

Read time: 7 minutes Introduction The advent of technology has undoubtedly changed the way things function in the world. In times where people depended on traditional banking and other offline sources for loans, credit underwriting was a tedious and very long process for borrowers. Now, with lending accessible through digital platforms, credit underwriting has also had to evolve to fit ...
View Post

Top 10 US Commercial Banking And Lending Tech Providers

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

Read time: 8 minutes Commercial banking technology is rapidly catching up to innovations in the digital, non-banking sector. Larger financial institutions have realized that the future of commercial banking lies in embracing innovations that improve processes, reduce costs and, most importantly are more responsive to customer needs. The Market of Commercial Lending Technology While the market has a long list ...
View Post

How Community Banks Implemented Commercial Lending Technology: 5 Success Stories

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

Read time: 11 minutes Community banks are rapidly becoming more competitive with the help of advanced commercial lending technology. Working with expert commercial lending software vendors, many small banks have significantly increased the number of loans processed for small businesses. The software can perform automated underwriting while utilizing artificial intelligence (AI) algorithms to produce accurate loan scoring. Adjust Your Commercial ...
View Post

Online Lending Monthly News Update- October

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 September 2019 for online lending investors and industry watchers. Industry News 9/3/2019 Why asset-light entrepreneurs are avoiding borrowing from the bank. (AltFiNews) 9/3/2019 Fintech Gains Favor Among Teens. (ThinkAdvisor) 9/3/2019 MonJa interviewed Joseph Camberato, President and Co-Founder of National Business Capital & Services. Listen to what he ...
View Post

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

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 ...
View Post

Funding $350m+ but also prepared for a potential downturn – Interview with Expansion Capital Group

In Interview Series by Yulia GnatyukLeave a Comment

About MonJa's Small Business Lending Interview Series In these interviews with lending industry leaders, we cover their stories of success, challenges, and secrets of their competitive advantages in small business lending arena, as well as their perspectives on the online lending industry overall. Today we welcome Vincent Ney, the President and CEO of Expansion Capital Group (ECG). Highlights: Aggressive footprint: growing ...
View Post

Online Lending Monthly News Update- September

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 August 2019 for online lending investors and industry watchers. Industry News 8/2/2019 Could The New Financial Action Task Force Regulation Be The End Of Bitcoin? (Forbes) 8/5/2019 What are the top 5 fintech trends that will dominate 2020? (Analyticsinme) 8/5/2019 Colorado is quickly becoming a prime location ...
View Post

6 Ways a Bank Can Ensure an Exceptional Client Experience by Using AI and Blockchain

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

Read time: 7 minutes Introduction Customer satisfaction is critical for traditional brick and mortar banks to justify their presence and differentiate themselves from dozens of challenger banks and lenders emerging online. Although all banks have tomes on “policies” framed on how to improve customer experience, yet the low Net Promoter Score highlights the problems plaguing the industry.  On the other ...