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Lending

Beating SMB Alt Lenders at Their Own Game

Small businesses are an important segment for banks and credit unions with aggressive growth goals. In the United States, small businesses make up 99.7 percent of employer firms, according to the SBA FAQ Sheet. The top concern for these firms is managing their cash flow needs, which creates a great lending opportunity for banks and […]

How Fintech Can Improve the Customer Experience in Construction Lending

One of the most underserved areas in financial technology is construction lending, which exposes banks and non-bank lenders to unnecessary risk, costs shareholders money and negatively impacts the client experience for borrowers. For an asset class that is finally gaining steam after punishing many lenders during the Great Recession, this is an area that can’t […]

Fintech Intelligence Report: Marketplace Lending

As noted throughout our 2017 Acquire or Be Acquired Conference, partnerships between a bank and a tech company can take on many forms — largely based on an institution’s available capital, risk appetite and lending goals. With fintech solutions gaining momentum, many advisors at this year’s event encouraged banks to look at viable alternatives to […]

Fintech Lenders Under Fair Lending Scrutiny

One of the many concerns surrounding fintech lenders is that they are not as tightly regulated as traditional banks and are not bound as firmly by the provisions of the Fair Lending Act. The Federal Trade Commission has expressed concerns about many of the lending practices of fintech companies, saying in a recent statement that […]

Successful Tech Implementations Are About People, Not Platforms

To set the stage for a successful technology implementation, it takes more than just training your staff or setting up a platform. You also need to understand your firm’s strategy, culture and people—and know how the new technology will enhance all three. Increased competition, shifting customer expectations and more diligent enforcement of expanding regulation are […]

Busting the Logjam in Small Business Lending

With reports touting the health of the economy and the officials at the Federal Reserve talking about raising interest rates again, the lending environment must be good for small business owners, right? Wrong. According to Babson’s 2016 State of Small Business in America report, obtaining capital is a challenge that frustrated SMB owners continue to […]

Online Lenders: Finding the Right Dance Partner

An increasing number of banks are conceding that innovations introduced by online lenders are here to stay, particularly the seamless, fully digital customer experience. Also, online upstarts have grown to understand that unseating the incumbents may well be heavy-going, not the least because of the difficulties of profitably acquiring borrowers. The result is that both […]

Lending Automation: The Risk of Delayed Entry

Technology is rapidly enhancing the banking industry’s ability to comprehensively and efficiently evaluate the credit worthiness of businesses and consumers alike. The abundance of available information on borrowers and the effective management of big data enables banks to minimize risk, reduce defaults and maximize returns. The challenge is leveraging that data to realize its full […]

On Your Mark….Loans Approved!

Scene 1: Adam approaches a reputed bank in his city to get a quick loan to expand his restaurant. A month later, he is still waiting for a green light. Adam tries his luck with a marketplace lender, and his application is cleared in minutes. The money is wired to his account in no time […]

The Robots Are Coming!

Actually, to some degree they are already here. Today we can buy robots to do simple tasks around the home, and we increasingly see industry turning to robotics to perform functions that were once done by humans. Robots are faster, more efficient, do not take coffee breaks and are not concerned with work/life balance. They […]