Kelly Thompson Cochran, deputy director at the Washington-based nonprofit research group FinRegLab, joins Bank Director’s Banking & Fintech Editor Kiah Lau Haslett to talk about recent research into the transparency, fairness and accuracy of different credit models that use machine learning.
There are three steps community banks can follow to drive efficiencies in their small and medium business lending processes.
By embracing back-of-house automation, banks can minimize risks, achieve operational efficiency and enhance customer experience while scaling loan operations.
Hear from the Commercial Lending Transformation Leader and Principal at Crowe LLP on how they are changing the commercial lending process for financial institutions and the customers they serve.
Banks should add solutions that offer seamless experiences to address the needs of younger entrepreneurs.
Omnichannel delivery can drive the loan application and origination process, so banks can give customers a seamless lending experience that meets their needs.
High application abandonment rates cost banks new business and revenue, but there are ways to mitigate these challenges.
Embedded fintech via collaborative banking gives banks a way deliver needed technology and innovation to their customers in a safe, efficient and compliant way.
Small business lending provides community banks with new revenue opportunities, diversified loan portfolios and additional deposits.
Embedded banking is a way that banks can form stronger relationships with their small business customers by providing a modern, digital experience and streamlined operations.