Committees : Lending
Traditional credit scoring can be improved, but creating a new model on how to calculate and predict high-performing loans is no small feat.
Business lending stands to gain from an open banking system that leverages centralized data to generate better offers and create an easier application process.
Banks can gain the competitive muscle to provide small business loans efficiently, quickly and profitably through a digital loan platform.
Competition for commercial loans has been heating up, and future success will require an enhanced digital experience.
Community banks that hope to stay ahead should prioritize digital and automated loan processes in the face of talent and regulatory challenges.
Banks must invest in primacy by fostering broader relationships with their most-valued clients if they want to significantly impact the bottom line.
The leveraged loan market has once again proven its resilience, with no impending near-term maturity wall and smooth sailing ahead.
Banks should evaluate the tradeoffs and potential returns that come with offering fixed-rate loans and explore alternative solutions to address margin pressure.
Community banks can use technology to bring commercial credit card relationships in-house, recapturing the card revenue and improving customer retention.
Asking the right questions will help bank leaders meet their goals when it comes to small business lending.