Credit Union Times recently shared a story, “AI Helps Credit Unions Book More Loans”, about how Mirador uses machine learning and predictive analytics to help credit unions level the playing field against larger institutions in originating small business loans. Most credit unions don't have the resources to compete with the big banks or fintech newcomers […]
When it comes to financial services the main benefit most fintech newcomers have over traditional banks and credit unions is convenience. While there have always been people willing to pay a higher price for more convenience, many are shocked to see how much some businesses are paying for a quick loan. It's not a stretch […]
There are millions of Americans that do not have a bank account and/or have little to no participation in the formal financial system. According to a survey conducted by the Federal Deposit Insurance Corporation (FDIC), “approximately 15.6 million adults were ‘unbanked' in 2015.” An additional 51.1 million adults were considered to be “underbanked,” meaning they […]
FinTech on the Hill Update Regulatory Relief Gets a Bipartisan Boost Ever since the Dodd-Frank financial services reform bill became the law of the land, the heavy hand of federal regulation remains a constant weight on the shoulders of community and regional banks across the United States. Lending suffers, the cost of capital increases and […]
November Banking Update: Creating an Integrated Experience Most customers are familiar with the traditional approach to lending at a bank – cumbersome paperwork, multiple contacts and confusing workflow, back-and-forth e-mails, phone calls and messages, and waiting. It's a lot of work and a very slow process, but this way of doing business is no longer […]
Creating customer success with simple, easy to use small business lending solutions When CDC Small Business Finance launched their white-labeled Mirador solution, creating a seamless, efficient, and easy-to-use borrower application was their top priority. We are proud of the work we do to support the lenders on our platform and how we are able to […]
Congress Looks to Fintech to Solve Small Business Capital Access Concerns On Thursday, October 26th, Mirador CEO, Trevor Dryer, testified before the House Small Business Subcommittee on Economic Growth, Tax, and Capital Access in a hearing titled, “Financing through Fintech: Online Lending's Role in Improving Small Business Capital Access.” During his testimony, Dryer discussed […]
The Future is Digital The banking industry is in the middle of a great transformation. Digital giants like Amazon have made doing business so easy it's almost effortless and people are coming to expect that same experience in all interactions - including their bank experience. Digital banking is more than building mobile app and a […]
Courting the underbanked: Amazon is changing the game for the banking industry Amazon has dipped their toe into the banking industry “water” by offering select merchants who sell on their site short-term business loans. While this is just a small segment of the overall market we all know what could happen if Amazon jumps […]
CMFG Ventures Announces Investment in Mirador Company Delivers Complete Digital Small Business Lending Platform to Credit Union Industry As we continue to power the future of small business lending, working more closely with credit unions is an obvious step to better support access to reasonable and transparent credit for small business owners. Last week, CMFG […]