Data Security in Digital Lending Space
[vc_row][vc_column][vc_column_text]4 Minutes Read. The Equifax data breach in 2017 caused a significant data loss for more than 145 million people in the U.S., U.K. and Canada. Cybersecurity has become a top priority for financial institutions around the globe, particularly in the digital lending. The Equifax incident was considered a wake-up call for the industry. But even […]
Online Lending Monthly News Update- November 2018
Here are some of the top online lending stories and trends of October 2018 for online lending investors, lenders and industry watchers: Industry News 10/1/2018 These founders share what makes for a good fintech company. (Forbes) 10/1/2018 The future of banking: Fintech or Techfin? (Forbes) 10/3/2018 Good prices or good service: What hooks online-online banking […]
MonJa's Digital Banking and Lending Monthly Roundup | October
[vc_row][vc_column][vc_column_text] 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 […]
Digital Lending and Artificial Intelligence
[vc_row][vc_column][vc_column_text]3 Minutes Read. Artificial intelligence (AI) is expanding rapidly in the fintech industry. In particular, AI has largely affected digital lending. By 2020, as much as 5 percent of all of economic transactions will be handled by autonomous software, including loan transactions. By applying machine learning to collected borrower data, software solutions can approve or […]
The Future of Digital Lending Innovation
[vc_row][vc_column][vc_column_text]6 Minutes Read. Digital Lending Innovation is revolutionizing business in the financial sector. Going digital has helped many banks and other lenders streamline processes and improve the quality of their services. This, in turn, has led to reduced costs and improved efficiency. Innovations in digital lending are constantly being developed, and the future for the […]
The Roles of Automated Software in Small Business Lending
[vc_row][vc_column][vc_column_text]4 Minutes Read. The small business lending sector was revolutionized with the introduction of Fannie Mae’s Desktop Underwriter in 1995. The many roles the automated system filled in the lending process convinced financial institutions of the value of investing in a business lending software solution. Such software essentially operates as a fast, accurate employee who […]
Lenders of the New Age: Incorporating Artificial Intelligence, Machine Learning and Blockchain Technology
[vc_row][vc_column][vc_column_text]12 Minutes Read. Although alternative digital lending is still in its infancy, it has made a major mark in the consumer and SMB lending industry. A survey conducted by American Banks Association claims that: the volume of loans originated by digital lending platforms will rise to USD 90 billion in 2020 in the US, constituting […]
MonJa's Digital Banking and Lending Monthly Roundup | September
[vc_row][vc_column][vc_column_text] 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 […]
Monthly News Update- October 2018
Here are some of the top online lending news, stories and trends of September 2018 for online lending investors and industry watchers. Industry News: 9/4/2018 P2P fund sees best 2018 month of returns. (AltFiNews) 9/5/2018 U.S. Bank, Wells, Citi and Great Western: Bankers on the move. (AmerBanker) 9/6/2018 How is fintech transforming microfinance? (whartonknows) 9/7/2018 […]
Monthly News Update- September 2018
Here are some of the top online lending news, stories and trends of August 2018 for online lending investors and industry watchers. Industry News: 08/01/2018 Six takeaways from the Treasury fintech report: National charter, breaches and more. http://ow.ly/Rnpx30le4rG (AmericanBanker) 8/1/2018 Trump Administration embraces fintech startups. (WSJ) 8/1/2018 Here are 5 questions to ask your lending […]