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. […]
“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 […]
Credit scores are a crucial data-point for lenders, revealing how financially stable (or how close to the edge) a small business is. But does a credit score capture a true picture of how a business is actually doing? What if a business owner has struggled financially in the past, but her social reviews show there’s always […]
Technology has made everything from filling out tax forms to buying groceries quicker and easier. You can invest for your retirement online. You can buy health insurance online. You can find out if you qualify for a mortgage online. Can technology do for small business lending what it’s done for the rest of the […]
