The digitization wave has profoundly reshaped the landscape of business
lending, propelling financial institutions into an era where efficiency and
seamless experiences are paramount. As the...
With digital demand and tech awareness rising sharply, banks should keep new disruptions in mind as they strike a balance between legacy processes and new automations. Automated lending and cloud-native capabilities are chief drivers of transformation in U.S. retail banking, but some areas continue to lag. As fintechs and challenger institutions disrupt business functions, including […]
Core banking provider Temenos announced last week that it is integrating Red Hat’s Process Automation Manager with its Infinity platform. The Process Automation Manager is an open-source platform that helps developers create cloud-native containerized microservices for banking automation. The tool processes events and optimizes resources for operational issues on a decentralized, domain-centric model, allowing users […]
With an estimated market value of $10.7 billion, the automated lending wave is not expected to crest anytime soon. Market value is expected to increase nearly 100% to $20.5 billion by 2026 on the back of diversifying consumer needs and an uncertain COVID-19 situation, according to a study by market research firm Markets and Markets. […]
Jack Henry Lending, the automated lending arm of the core solutions provider, announced Wednesday the addition of the Bank of Charles Town to its community bank portfolio. The deal focuses on loan origination, analysis, review and management at the $700 million W.Va.-based bank. “We chose Jack Henry because their all-digital loan origination system (LOS), LoanVantage, […]
Automated lending fintech Kabbage is no stranger to disruption. Founded in 2009 in the wake of the Great Recession, the fintech’s lending solutions were one of the first to leverage automation and dynamic data analysis to improve efficiency in small business lending. Investors took notice, raising the company to unicorn status in 2017 with a […]