Forbes: Online Lending Here to Stay as More Banks Provide Digital Lending

Forbes Magazine reports on the recent trends in digital lending and concludes two key findings:

·         Online lending is here to stay.

The majority of unsecured consumer loans in 2015 were provided with an online platform, reports TransUnion, and small business lending online has captured over 20% of loan volume.

·         Banks are increasing providing their own online digital lending services.

Banks larger and small have implemented their own digital lending platforms, including Wells Fargo, Suntrust,  Eastern Bank, Lake City Bank and Pinnacle Bank.

Your financial institution can provide the digital and mobile lending services your customer’s expect, more efficiently serve customers and drive new revenue with digital lending under your underwriting, brand and your control.  For more information, visit, www.rcgiltner.com.