When the team at Umpqua Bank, an Oregon-based community bank, chose Mirador to help them modernize their small business loan application process, they didn't just streamline an outdated process, they made it possible for local business owners to more easily acquire the funding they need to grow their businesses. Take Yong Hwan Seo (David), owner […]
There is increasing pressure on traditional lenders to create a better borrower experience, one that is simple, fast and digital. Alternative lenders with customer-centric business models are making a real impact in this space. They understand the importance of removing friction from the customer journey. For banks, credit unions and other traditional lenders that want to survive […]
Mirador Discusses Digital Lending at KBW Winter Financial Services Conference How are banks approaching digital lending? How is the importance of customer experience changing the financial industry? What trends are we seeing in credit? How do Fintech partnerships operate from a regulatory perspective? These are some of the questions Rich Heller, VP of Business Development […]
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 […]
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 […]