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Traditional vs Alternative Lending

Question: 
What can traditional banks learn from alternative lenders?
Answer: 

Alternative and online lending, an industry that barely existed a few years ago, has been rapidly expanding. Fintech startups have excelled by making computerized process improvements to the loan application and credit analysis workflow, and minimizing overhead by automating as many steps as possible. With constant improvements in technology and banks' competition growing faster and smarter, traditional banks need to adapt and take advantage of today's tools. In our article, "BATTLE FOR SMALL BUSINESS CAPITAL ACCESS: TRADITIONAL VS. ALTERNATIVE" we address four broad strategies banks can adopt to stay competitive.

Moody's Analytics helps capital markets and risk management professionals worldwide respond to an evolving marketplace with confidence. The company offers unique tools and best practices for measuring and managing risk through expertise and experience in credit analysis, economic research and financial risk management. By providing leading-edge software, advisory services, and research, including the proprietary analysis of Moody's Investors Service, Moody's Analytics integrates and customizes its offerings to address specific business challenges. Learn more about Moody's Analytics Credit Origination and Small Business Lending solutions or email us.

First published on 11/12/2017

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