Can banks compete in small business lending? Alternative lenders say no.

Alternative lenders are disparaging banks: See how we’re helping traditional lenders compete. In a recent direct mail campaign from Funding Circle, the alternative lender is presenting alternative facts as well. We’ve played Mythbusters with their “facts” and presented data from real bank lenders using Mirador’s digital small business lending platform. Myth: The process takes months. […]

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The Future is Now: Artificial Intelligence (AI) is Already Disrupting Banking

“AI’s disruption of banking is inevitable–for better or worse.’ So claims a recent column in American Banker. It’s a bold, maybe even alarming statement. But what does it really mean? Artificial intelligence is a branch of computer science aimed at making computers think more like people. In particular, AI aims to make computers learn, so […]

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