The convergence of new technologies, the rise of alternative lending models, and evolving consumer behavior signal a chance for banks to evolve, grow, and thrive. Alternative finance (AltFi) creates new opportunities for banks. Forward-looking banking institutions are developing partnerships with alternative finance companies to grow their markets, share fundamental capabilities, and expand their expertise.

Astute banks are leveraging the latest advances in cloud technologies to modernize and simplify their organizations. They are delivering innovative digital experience that meets the expectations of today’s tech-savvy customers while improving responsiveness to deal with market uncertainty.

This whitepaper proposes four strategies that banks can adopt to prosper in light of the rising success of alternative finance and peer-to-peer lending. It concludes by explaining how cloud technology can help banks leverage innovative marketplace lending models to achieve growth and success.

Taming the True Cost of Collections

Costly. Complex. Time-consuming. These are just a few of the challenges companies face when trying to collect on non-performing loans and leases. Collections are a major strain on finance businesses worldwide. In the US, a company with a 5% net profit and $100,000 in...

Leading SaaS Solution Enables Rapid Launch of Service

Within the Fintech sector, the spotlight is now on a new business model known as online lending. An alternative to traditional financing spearheaded by banks, online lending uses ICT to provide lending opportunities to many customers by deploying new screening and...

Hybrid Lending

The Lending Domains are challenged by new players with better lending experience and a new way of risk assessment. Cloud, Big Data, Machine Learning, and Automation are bringing process efficiencies and transformed borrower experience. (Hybrid Lending)

Hebrew Free Loan – Lending A Hand To Our Community

As a nonprofit interest-free lender, our practices, collections and repayment policies and systems fall far outside of the norms of the lending industry, so it was imperative that our new lending software is adaptable. We found CLS to be highly customizable, and it...

SME lending: “Application to funding must be digital”

Traditional lenders have steered clear of the SME market in recent years – but that’s changing. Bobsguide spoke with William Wagner, vice president of marketing at Cloud Lending Solutions, to find out more.

Accion : Streamlines Small Business Lending

Accion in the U.S. leverages Cloud Lending Solutions front-to-end platform to streamline and automate their small business lending (SMB) and get a 360 degree view of their borrowers for better business and lending decisions
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