7 Benefits of Digitalization to a Bank's Existing Client Base
Introduction There was a time when doing banking transactions used to be a very difficult and time-consuming task. You had to stand in a long queue to conduct basic financial transactions such as withdrawing cash or depositing money. Thanks to secured atm services and later to the digitalization, the users can perform all these transactions at […]
MonJa's Digital Banking and Lending Monthly Roundup | April 2020
[vc_row][vc_column][vc_column_text]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. […]
Online Lending Monthly News – May 2020
Online Lending Monthly News. Here are some of the top stories and trends of April 2020 for online lending investors and industry watchers. Industry News 4/1/2020 Fintechs still pushing for new hires despite the coronavirus outbreak. (AltFi News) 4/2/2020 8 New Fintech Ebooks to Read While in Covid-19 Quarantine (FiintechCH) 4/6/2020 Bank of America is the […]
Banking in the Times of Coronavirus: Do’s and Don’ts
[vc_row][vc_column][vc_column_text]Read time: 6 minutes [/vc_column_text][vc_column_text]The ongoing spread of COVID-19 carries with it one of the biggest threats to disrupt the global economy and financial markets. In this article, we are talking about banking in the times of coronavirus. We cover what are bank’s Do’s and Don’ts in these unprecedented times. Lockdown has led to a […]
COVID-19 and Recession: A Banking Perspective on Survival
[vc_row][vc_column][vc_column_text]Read time: 5 minutes [/vc_column_text][vc_column_text]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 […]
8 Low-Risk Loan Portfolio Strategies For Banks In The Coronavirus Environment
[vc_row][vc_column][vc_column_text]Read time: 5 minutes [/vc_column_text][vc_column_text]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 […]
Top 7 Predictions on Coronavirus and its Impact on the Lending Industry
[vc_row][vc_column][vc_column_text]Read time: 5 minutes [/vc_column_text][vc_column_text]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 […]
MonJa's Digital Banking and Lending Monthly Roundup | March 2020
[vc_row][vc_column][vc_column_text]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. […]
Online Lending Monthly News – April 2020
[vc_row][vc_column][vc_row_inner][vc_column_inner][vc_single_image image=”10635″ img_size=”large”][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner][vc_column_text] Online Lending Monthly News. Here are some of the top stories and trends of March 2020 for online lending investors and industry watchers. [/vc_column_text][vc_column_text] Industry News [/vc_column_text][/vc_column_inner][/vc_row_inner][vc_column_text]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 […]
Banks: To Stay Relevant – Build Partnerships With Fintech
[vc_row][vc_column][vc_column_text]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 […]