MonJa's Digital Banking and Lending Monthly Roundup | August
[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 world […]
Speed To Market Is Critical In Small Business Loan Underwriting
[vc_row][vc_column][vc_empty_space height=”50px”][vc_column_text]8 Minutes Read. The demand for small business loans is growing at an astonishing pace worldwide, which presents new opportunities as well as formidable challenges to traditional lenders and small lenders alike. Both large and small lenders are facing stiff competition for small business loan underwriting business. Small lenders – with their agility and […]
5 Questions To Ask Your Lending Automation Vendor
[vc_row][vc_column][vc_column_text] In today’s ultra competitive lending market, fintechs have taken a march over traditional banks with their digital first service and speed of closing loan applications. Brick and mortar banks now realize that their work is as much about technology as it is about finance. Legacy IT solutions are convenient for in-house operations but can’t be expected […]
Monthly News Update- August 2018
Here are some of the top online lending news, stories and trends of July 2018 for online lending investors and industry watchers. Industry News: 7/3/2018 “Equifax research reveals that a significant proportion of UK consumers would be up for sharing their data…” (AltFi News) 7/4/2018 Amazon has already made some moves to fintech. What are […]
MonJa's Digital Banking and Lending Monthly Roundup | June
[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 world full […]
Small Banks and Why They Need To Adapt To The Latest In Artificial Intelligence and Machine Learning
[vc_row][vc_column][vc_row_inner][vc_column_inner][vc_column_text]Small banks and credit unions play an important role in the US financial system particularly in serving rural and small metropolitan areas. Why should they care about artificial intelligence and machine learning when their business with borrowers is based on personal relationships? Their essence is in relationships built with the community at the local level, […]
Overview of US Consumer Lending
Financial system across the US took a beating in the aftermath of the 2008 financial crisis and American views changed overnight with regards to their financial system. In a 2014 Gallup poll, only 26 percent expressed having “‘a great deal’ or ‘quite a lot’ of confidence in banks,” down from 41 percent in 2007 and […]
Overview of US-Based Small Business Lending Platforms (Alternative Lenders).
[vc_row][vc_column][vc_row_inner][vc_column_inner][vc_column_text]“Of the 28 million small businesses in the United States, over half faced financial challenges in the last year [2016] Janet Zablock; Former Head of Global Small Business at Visa and currently, an Independent Board member at Nav Inc. As we have all heard multiple times, Small and Medium Businesses (SMB) are the backbone of the […]
MonJa Monthly News Update- December 2016
Here are some of the top stories and trends of November 2016 for marketplace lending investors and industry watchers: Industry News: 11-02-2016- Banks No Longer Make the Bulk of U.S. Mortgages (WSJ) 11-02-2016- Will Fintech Create A New Silicon Valley in Asia? (benzinga) 11-03-2016- Equity Crowdfunding Evangelist Victoria Silchenko: We Have Witnessed Unprecedented Growth in […]
Life After Lending Club: How The Market Is Responding To The Problems Of 2016
2016 has been quite the year for marketplace lending — beginning with Lending Club’s troubles in May, whose effects have rippled throughout the rest of the year, and continuing with external political factors affecting the global market (read: Brexit in June, the U.S. election in November). It has certainly been a difficult year for all […]