Chris Rentner of Akouba explains how banks can leverage technology to improve the lending process. He’ll cover how technology has changed lending, why some banks are at risk and how Akouba’s technology solution can help banks improve the loan process.
About The Author Mike Dillon
With three decades in financial services – several of them as a sales manager, I have experienced firsthand the potential impact online lenders can have on balance sheets. Omni channel experience, expedited decisioning, simplification of the application, condensing of the end to end processing time and giving businesses needed access to capital are all things online lenders have become adept at. Banks and credit unions want to play in this space as well, but struggle with profitability for loans under $250,000.