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5 Digital Banking Trends To Look For In 2019

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

Read time: 4 minutes. Digitalization dominated banking trends in 2018, and all indications are that the development of ever more sophisticated tech solutions for banking will accelerate in 2019. Faced with increasing competition from other banks, as well as a growing variety of non-traditional firms, banks are embracing digital solutions at a rapid pace. The objectives are to anticipate customer ...
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Commercial Lending Software | Lending 2.0: A Digital Transformation | Infographics

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

Fintech World Landscape: Asia and America Lead, Europe Follows Bank - Fintech Partnerships More than three-quarters (78%) of US commercial banks are considering new fintech partnerships in 2019 in a bid to improve customer experience (42%) and achieve real-time visibility (40%). Digital Lending Statistics in the US US Digital Lending grew loan originations 30.1% year over year to $41.1 billion ...
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Online Lending Monthly News Update- June

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 2019 for online lending investors and industry watchers. Industry News 5/1/2019 Moving Beyond Financial Literacy to Financial Empowerment. (LendAcademy) 5/3/2019 4 Myths Preventing More Fintech+Banking Partnerships. (FinancialBrand) 5/3/2019 "The largest bank in the United States has partnered with the largest software provider to bring enterprise ...
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MonJa’s Digital Banking and Lending Monthly Roundup | May 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 ...
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7 Myths About Commercial Banking And Digital Transformation

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

Read time: 4 minutes 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 for commercial banking. The truth is that commercial bankers and ...
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4 Challenges of Manual Consumer Lending and How Automation Solves Them

In Featured, Underwriting Automation by Yulia GnatyukLeave a Comment

Read time: 4 minutes 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 lenders ...
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MonJa’s Digital Banking and Lending Monthly Roundup | April 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 ...
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Mobile Apps for Lending: What Makes Them Tick?

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

Read time: 3 minutes, 45 seconds. 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 that one way to streamline processing is to ...
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12 Features to Look For in Lending Software

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

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 must balance process optimization with ...
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Commercial Vehicle Lending in the Digital Age

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

 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. The commercial vehicle lending landscape Commercial vehicle lending in the U.S. ...