Digital transformation has ramped up drastically in recent years, with spending expected to reach $2.8 trillion by 2025. However, many organizations continue to lag behind on digital transformation for a number of reasons, ranging from resistance to change to budgeting concerns. Yet for commercial lenders, digital transformation is key to unlocking portfolio growth and operational … Continued
The adoption of AI In the workplace is rapidly accelerating, and it’s revolutionizing the modern workplace. Businesses in every industry have started reaping the benefits of AI automation: increased productivity, streamlined operations, and rich insights into data. And for commercial lenders, in particular, AI has had a transformative effect on the loan lifecycle. Until recently, … Continued
From underwriting, to originating, to risk monitoring, every step of the commercial lending process is highly dependent upon data. Increasingly, commercial lenders are realizing that their ability to effectively manage data is key to achieving revenue goals. Digital lending technology plays an essential role in optimizing data management processes. Automated, AI-driven solutions are able to … Continued
Amidst high interest rates and steep costs of capital, loan management technology will play a significant role this year when it comes to helping commercial lenders maintain profits and establish a competitive edge. In today’s market, lenders who implement end-to-end software with advanced data management features and AI-powered automations are sure to come out ahead. … Continued
Commercial lending technology is finally beginning to catch up with the intricacies and complexity of commercial lending. In the broader fintech landscape, digital transformation has overhauled business operations in recent years. Yet when it comes to the world of commercial lending, the power of digital technology has largely gone untapped. Part of the reason for … Continued
With inflation at a 40-year high, the Fed is doing its part to slam the brakes on customer demand. Over the past year, the Fed has hiked rates a total of 6 times – resulting in the fastest rate increase for a single year since the 1980s. The benchmark borrowing rate is now at its … Continued
With the recent launch of OpenAI’s Chat GPT language processing tool, generative AI is becoming a hot topic. This newer iteration of artificial intelligence goes a step beyond merely analyzing data — it can actually create original content, such as text, images, and code. While generative AI is popular these days for its ability to … Continued
Commercial loan origination and management, and particularly middle-market lending, is no simple task. Compared to consumer loans, commercial loans typically involve substantially more data and document collection, rigorous underwriting, and ongoing management. Why the complexity? Because, as loan size increases, lending naturally becomes much more complex and is marked by a high degree of loan … Continued
