Traditional Bank Lenders Gaining Market Share at Fintechs’ Expense
During the pandemic, banks and credit unions greatly surpassed fintechs in both lending volume and satisfaction among small businesses.
The latest news about business lending services, and the strategies banks use to grow loans and increase lending volume with SMEs and business owners.
Special Report: Good news: Many current lines of business will endure in the bank of the future, enhanced and augmented by digital technologies.
Subscribe Now!
During the pandemic, banks and credit unions greatly surpassed fintechs in both lending volume and satisfaction among small businesses.
Technology has moved from limiting factor to enabler in small and midsize business lending for banks and credit unions that embrace it.
Rough times mean stepping up your digital game to fend off fintech niche players and adding relationship managers who are effective remotely.
MeridianLink's Product Director Christopher Maloof says the key for banks to succeed in an ever-growing digital world is to revolutionize the back-end processes.
Role of firms like Kabbage and Intuit in Paycheck Protection Program stomped on the gas of small firms' rising expectations.
Along with the challenges come opportunities, including partnering with fintech providers in a platform arrangement, and enhanced onboarding.
The PPP crush spotlighted banks' lack of digital progress, giving fintech lenders an opening. It's not too late to regain the edge.
Drawn-out reopenings aren't helping a demoralized business sector rebuild credit and earnings. Federal commercial lending adds new twist.
COVID-19 aid package gives community financial institutions the chance to prove their worth in the crisis, says banker who jumped on it early.
During the COVID-19 crisis there are opportunities for financial institutions to help small businesses succeed after shelter-at-home ends.
Financial institutions are key to helping this vital sector of the economy, and speed is imperative now. Here's what some are doing.
Banks and credit unions are at risk of losing small business customers if they can't provide easy and fast borrowing options.
Services that scale with you.
This webinar will offer a comprehensive roadmap for digital marketing success, from building foundational capabilities and structures and forging strategic partnerships, to assembling the right team.
Read More about Unlocking Digital Acquisition: A Bank’s Journey to Become Digital-First
Here's a roadmap for community financial institutions looking to profitably lend to small businesses before online lenders steal the market.
Banks and credit unions should rethink their aversion to lending to early-stage businesses. Making technology and partnerships work will be key
The bank's innovative digital lending solution increases pressure on both fintechs and traditional institutions in a key battleground market.
Retail banks and credit unions can't ignore the appeal online lenders have with small business borrowers. Here's how financial marketers can fight back.
This digital-first credit union is generating impressive results with it new digital loan origination system, built entirely in-house.
New lending technologies are helping community banks reclaim small business revenue and relationships lost over the past 10 years.
By cultivating lasting relationships with business clients, financial institutions can neutralize both rates and the competition.
Here's how the right analytically-driven marketing support can add new business loans quickly with a solid payback.
Wrapped in a clean, contemporary brand, SmartBiz SBA loans can be funded in 5 days and the online application takes less than a half hour.
What do small business owners expect from their banking relationship? Where gaps are there in the service experience? Find the answers here.
83% of FI leaders agree investing in AI is essential for 2024 but how you leverage AI is instrumental in success and meeting customer expectations.
Read More about Navigating the Role of AI in Financial Institutions
Learn how to enhance your brand’s local visibility, generate more leads, and attract more customers, all while adhering to industry regulations and compliance.
Read More about The Power of Localized Marketing in Financial Services