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3 best practices for automated small business lenders

BankInovation

With an estimated market value of $10.7 billion, the automated lending wave is not expected to crest anytime soon. Market value is expected to increase nearly 100% to $20.5

Study 98
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3 best practices for automated small business lenders

BankInovation

With an estimated market value of $10.7 billion, the automated lending wave is not expected to crest anytime soon. Market value is expected to increase nearly 100% to $20.5

Study 98
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Higher Rates – Faster for Longer

South State Correspondent

This rapid change in interest rates requires careful planning, product selection, and new lending and deposit-gathering strategies. We believe that the real risk is that inflation does not meet the Fed’s 2.00% goal until much later, and the interest rates remain elevated for longer than the current Fed’s projection of 2026.

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TRENDING: Can Escrow Disbursements Ease Gig Worker Payment Woes?

PYMNTS

In the digital lending process, just like in running, the “last mile” is often the most arduous phase. Digital lending platform Kabbage is aiming to speed up and smooth out that “last mile” and help SMBs gain faster access to much-needed capital. The market is projected to grow to roughly $108.6 Around the Disbursements World.

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Consumer Credit Update for 2Q 2023

South State Correspondent

Even if your bank has limited consumer exposure, given that the consumer composes approximately 66% of the US economy, and, according to the yield curve and market pundits, we are all staring into a recession, paying close attention to consumer trends is critical. 1,000+ payments now are 15% of the market which is also a new development.

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Amazon Sizzles, CX Border Fizzles And Humans Win One Against The Machines 

PYMNTS

And while robots will certainly be taking some jobs out of the market, it is worth noting that 3.2 Not a bad tally when the transaction count is slated to hit as much as 43 million transactions in 2026, up from 39 million transactions at the end of last year. SMB Lending: Biz2Credit data shows that lending is still strong at SMBs.

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