15 Tools to Automate The Day-to-Day of Your Lending Business

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This is a guest post from the Clutch.co team Launching and managing a lending business can be quite an undertaking. But there are plenty of ways to make it easier. A comprehensive and intelligent technology stack should be your first step when it comes to building a successful and productive loan operation. It could prove… Read more »

2020 Lending Market Prediction: Who Will Own the Marketplace

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2020 is right around the corner, and it promises to be another dynamic year for the financial industry. Savvy lenders are already in full planning mode, strategizing new ways to overcome a variety of business challenges. We’re optimistic that digital lenders will find creative workarounds for their obstacles. And maybe even say, “Wow. That was… Read more »

7 Artificial Intelligence Applications in Digital Lending

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Digitalization leaves no industry untouched. In the last decades, lenders, traditional and alternative, have been on the lookout for new technologies to take them ahead of the competition. Software that would make credit decisioning and loan management safer, faster, and cheaper. Naturally, AI has been a focus for most.  

9 Things SMEs Look for in a Digital Lender

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As lending niche entry barrier lowers due to the development of FinTech, competition grows. Big banks have established names and loyal client bases going for them, and alternative credit providers keep improving user experience, simplifying onboarding, and lowering interest rates. That leaves new lending market players in a tricky position where they have to compete… Read more »

How to Process Loan Applications and Approve More Loans Faster

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Consumers choose speed and convenience over price, even when it comes to their finances. That’s why successful lenders strive to deliver instant approvals, and 1-day funds transfers. They’re training borrowers to expect quick action with every application. Can your lending operation approve loans at warp speed, without sacrificing credit quality?

How Much It Costs to Digitalize a Lending Business

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To get into the real lending game thirty years ago, one needed immense resources. And not just loads of cash available for crediting, but also money for opening and maintaining offices and branches, originators, servicing managers, underwriters, collectors, analysts, etc.

How to Create a Lender’s Regulatory Compliance Blueprint

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From a regulator’s standpoint, it makes good sense to scrutinize lenders. Especially those that use online channels for account origination, funds transfers, and payments processing as this niche isn’t yet as well-controlled as brick-and-mortar businesses. That’s why it makes equally good sense for lending professionals to hardwire regulatory compliance into their business model and product… Read more »

Lender’s Cyber Safety in a World of Cyber Criminals

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Data protection is one of the top concerns in the banking industry, especially for lenders who rely on digital platforms to originate accounts and manage payments processing. The problem gets more complex – and more difficult to control – when employees use third-party document sharing platforms, and lenders engage in open banking systems.