Innovation Lending Operations Technology 
PYMNTS
NOVEMBER 16, 2020
In the wake of the 2008 global financial crisis, and banks' subsequent pullback from the small- to medium-sized business ( SMB ) lending arena, a slew of alternative lenders emerged onto the scene to fill the credit gap. It is now not only a competitive advantage, but an essential requirement for lenders to operate digitally, said Marceau.
Abrigo
MARCH 2, 2023
Banking technology decisions now affect future growth With the possibility of a recession, community financial institutions may consider a delay or cut in technology spending. Takeaway 2 According to Forrester data, firms pursuing technology-driven innovation grow three to four times faster than industry averages.
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Bank Innovation
JUNE 8, 2017
Turns out, Amazon’s lesser known operation – small business lending – is also powered by machine learning, Bank Innovation has learned. […]. The e-commerce giant has (arguably) the most sophisticated ML toolset around that is uses for drone deliveries, online tailors, or its AWS offering.
South State Correspondent
FEBRUARY 20, 2023
Who the competition is, what the lending competition is offering, their delivery channels, and service levels can help community banks differentiate their services and enhance their competitive advantage. Scale, security, and innovation are all linked to better information technology design and implementation.
Abrigo
JUNE 9, 2020
Technology has enabled financial institutions to operate more quickly and efficiently, creating a better experience for customers. Eliminating manual data entry, and, thus, data entry errors, is key to efficient and compliant lending. Compliance is at the center of the lending process at financial institutions.
Bank Innovation
MARCH 30, 2018
Banks need to update their legacy systems and modernize their technology, no surprise there. But just how many operational leaders at banks think their institution’s survival depends on it? That would be 79% of operations leaders in North America banks, according to a recent report by Accenture. That’s four out of five banks.
BankInovation
DECEMBER 27, 2022
Technological innovation has taken the auto industry by storm since the start of the COVID-19 pandemic by automating lending operations and addressing consumer pain points in the car-buying process to improve the end-to-end purchasing experience.
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