The rise of the FinTech industry is completely changing people’s interaction with money. It makes finance management quicker and more efficient and enables individuals to achieve their financial goals faster. Keep reading to explore 5 must-know FinTech trends for 2023 and how they impact your everyday […]
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In a world of competing priorities and instant gratification – Small Business Owners expect speed and simplicity when applying for loans with their Community Banks or Credit Unions. Take a look at what we’ve learned by working with Financial Institutions to grow their Small Business Lending! Download our free PDF of The Five Minute Problem […]
In 2014, Trevor Dryer and William Beaver founded Mirador to solve the funding problem many small businesses are facing. While there are many options when seeking credit, the process and the industry can be confusing, frustrating, and […]
Recently it seems like startups are disrupting every aspect of our lives — where we stay when we're on vacation, what we we cook for dinner and how we get around. Even the financial industry — a sector traditionally resistant to change — is being revolutionized by fintech […]
Google Adwords has just introduced new guidelines regarding the promotion of personal loans on the world's largest search engine. Advertisers that promote loans, including financial institutions, marketplace […]
When CDC Small Business Finance launched their white-labeled Mirador solution, creating a seamless, efficient, and easy-to-use borrower application […]
When I hear the word “culture” my Portland foodie brain flashes to thoughts of yogurt or kimchi. The definition of culture that I interact with more often in my role as Head of People Operations for Mirador unfortunately leans more toward […]
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 […]
You know going paperless can reduce your carbon footprint and help the environment. And you know that maintaining electronic records has been fully compliant with regulations for years now. But there […]
Banks have a slew of regulations to comply with when making new small business loans, including Know Your Customer rules, Customer Identification Programs, the Bank Secrecy Act and other […]
On behalf of the Mirador team, I'm thrilled to announce that Mirador has been acquired by CUNA Mutual Group, a financially strong insurance, financial technology, and investment company dedicated to helping people achieve financial security. You can read the press release here.
Recent years have produced countless fintech companies threatening to “disrupt” the financial services space and change personal banking, financial planning, mortgages, loans, insert any other line of business […]
The economy continues to improve, but that doesn't mean that life is easy for small businesses. Only about a third of all small business owners expect their own financial conditions to improve in the next year, according to a recent Barlow Research report. For most small business owners, the next year is likely to be another year of scrimping and saving and struggling to succeed. And that means they're going to be looking for any place they can to cut corners and boost their profit margins.
In the previous post, Preparing for the Coming Wave of Millennial Entrepreneurs, we reported many of this country's future small business owners are members of the 35-and-under crowd. As these millennials become more financially stable and work to make their entrepreneurial dreams a reality, they're going to need access to capital. But that doesn't necessarily mean they're going to reach out to traditional lenders like banks or credit unions.
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.
Every American in his life at least once faced a loan. Each borrowed a large or small amount, repaid it on time, or was late in payments. As a result, we Americans know almost everything about loans.
The credit market is full of various offers. Each lender promises the best rates, the most extended repayment periods, and other bright prospects. And some of these creditors will keep their promises. And some will write fees for several hundred dollars into the loan agreement and pretend that nothing happened.
We offer a range of loans so that you can choose the one that best suits your financial needs. We represent a wide range of loans, from minimal to huge ones.
A 2018 Federal Reserve survey revealed that about 59% of small banks and 57% of large banks consider borrower relationships to be their most important competitive advantage. However, this roadblock is steering many small-business (SMB) borrowers away from traditional banks and towards alternative lenders, putting invaluable bank-borrower relationships at risk: ‘bank' speak. What's ‘bank' speak? […]
Over sixty percent of participants in a survey conducted for American Bankers Association reported banking online or on mobile more than any other method. How many participants said they bank primarily in branches? About 18%. Does that mean the bank branch is dying? Not necessarily. Even millennials still visit bank branches regularly. And as Mirador's […]
How many consumers, would you say, still do their banking primarily in branches? According to this recent American Bankers Association survey, about 18%. The basal problem? Today's branches are too focused on simple transactions that lend themselves to digital self-service. But If you think that means the bank branch is dying, think again. Over 50% […]
What does data have to do with customer experience? Let's just say the relationship is big. In fact, “big data” is helping a growing number of companies create personalized experiences that make it easier and faster for consumers to find what they're looking for. Think Apple, Netflix or Amazon. For many banks and credits unions, […]
Even with significant resources at their disposal, big banks still struggle to crack the code on optimal customer experience. Why? It's tough work that requires innovation and creative freedom to test new concepts. And too often regulators are used as an excuse to avoid that work. Although regulators and regulation exist to prevent the kinds […]
What started as a routine flight for the 155 people on January 15, 2009, become known as “Miracle on the Hudson” or “the most successful ditching in aviation history,” as one National Transportation Safety Board official would later say. Ten years later, we celebrate the remarkable happening, the resilience of the human spirit and the […]