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COVID-19 and Recession: A Banking Perspective on Survival

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

Read time: 5 minutes The sudden outbreak of the COVID-19, the novel coronavirus pandemic has led to a severe lockdown. The sudden shutdown of the multiple industries and businesses has threatened and disrupted the global economy and financial markets. COVID-19 has ushered in a recession after more than a decade of stable economic growth. The world economy is poised to ...
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8 Low-Risk Loan Portfolio Strategies For Banks In The Coronavirus Environment

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

Read time: 5 minutes COVID-19 has pushed the economy into a recession. Unless a small business is applying through the Payroll Protection Program, banks do not really have the appetite to fund small businesses.  But if you assess the pre-COVID situation, commercial banks have been able to increase their loan portfolios massively over the last 5 years. With memories of ...
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Top 7 Predictions on Coronavirus and its Impact on the Lending Industry

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

Read time: 5 minutes The outbreak of the deadly respiratory virus, COVID-19 has been catastrophic for humanity. The pandemic carries with it a potentially equally disruptive economic fallout. The COVID-19 virus, which till now has spread across six continents and 100+ countries, had been officially declared as a Public Health Global Emergency by the World Health Organization (WHO) in January ...
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MonJa’s Digital Banking and Lending Monthly Roundup | March 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 – April 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 March 2020 for online lending investors and industry watchers. Industry News 3/3/2020 Lenders debate whether Open Finance will boost or curtail lending (AltFi News) 3/3/2020 Tips to Pay off Debt in 2020 for Financial Freedom (Prosper Loans) 3/4/2020 Is Facebook stepping away from Libra? (Crowdfund Insider) 3/5/2020 ...
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Banks: To Stay Relevant – Build Partnerships With Fintech

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

Read time: 5 minutes Fintech allows community banks and credit unions to compete with the larger financial conglomerates. Most banks are likely already utilizing some fintech, but the addition of artificial intelligence and machine learning produces better outcomes. For example, automated loan underwriting software can help a bank to increase the number of applications that can be processed at a ...
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Online Lending Monthly News Update- March 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 February 2020 for online lending investors and industry watchers. Industry News 2/3/2020 Mintos sees 300% lending growth in 2019 (AltFi) 2/3/2020 3 Reasons for a Bank To Tap Into Outside Loan Underwriting Services (AltFi) 2/4/2020 What Brexit Day means for the future of fintech? (FinTech_Futures) 2/5/2020 Visa ...
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MonJa’s Digital Banking and Lending Monthly Roundup | February 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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How Can a Bank Increase Revenue By Accessing Fintech Automated Underwriting?

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

Read time: 6 minutes Introduction Any lending business faces a challenge with modern banking processes. How can your institution balance the loan amount with the time spent underwriting to ensure that loan processing is profitable and functions as a revenue stream generator? Luckily, your institution can use Fintech automated underwriting software to achieve that. For example, statement spreading software these ...
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MonJa’s Digital Banking and Lending Monthly Roundup | January 2020

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 ...