Fintech lenders are growing loans
at 137% compound annual growth rate reports
S&P Global. Trans Union reports more consumer loans were made online
than by traditional lenders in 2016.
The good news is that financial
institutions have inherent advantages in lending in their stable and low cost
of funds (1% vs 5% for Fintech), established customer relationships (Fintech
spends up to 40% of revenue to acquire a customer) and established compliance
(Fintech have been sidelined somewhat by regulatory challenges.)
Financial institutions just need
the digital technology to compete. That
is why we provide financial institutions the digital lending technology for consumer and small
business lending under your brand, your underwriting, your compliance and
under your control for loans on your balance sheet, all in three minutes. To learn more, join us for our next webinar.
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