As part of the Lend Academy Podcast Series, Peter Renton, Founder of Lend Academy, recently interviewed Snehal Fulzele, CEO and Co-founder of Cloud Lending Solutions. As one of the first and leading software providers to the marketplace lending industry, Snehal founded Cloud Lending Solutions to develop specialized software for the unique business needs of the lenders.
Cloud Lending Solutions has been created to meet the needs of the next generation of lenders, marketplace platforms and online lending companies. Our clients today include banks as well as traditional finance companies, online lenders and marketplace platforms.
In the podcast, Snehal said that he considers banks as the biggest market opportunity for Cloud Lending Solutions. In order to compete with alternative lenders, he believes banks need to up their game by providing a superior borrower experience. Although it is unlikely that they can displace their core legacy systems, they can improve the origination and underwriting side of things to provide a great borrower experience. This is where Cloud Lending Solutions comes in.