Machine Learning Is Quietly Transforming Small Business Lending

Machine Learning – Transforming Small Business Lending from the Inside Out When considering loans, whether personal or small business, borrowers and banks alike most often think credit scores. Further, when reviewing small business borrowers for loans, lenders typically consider criteria like how long the business has operated, its payment history, its debt service coverage ratio, […]

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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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Trouble for Marketplace Lenders Creates Opportunities for Banks – 3 Ways to Benefit

Alternative lenders like OnDeck, Prosper, and LendingClub have run into some real trouble lately. LendingClub’s situation is the most widely publicized–and the most serious, given that its CEO resigned amid questions about altering millions of dollars’ worth of loan applications. But the troubles in the sector go deeper than issues at one well-known company. Layoffs at Prosper, […]

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