As the COVID-19 pandemic threatens millions of small businesses, SMB lenders are on the front line trying to help keep them afloat. Here, we look at how banks can adapt their ways of working, utilizing the very latest financial data assets and technology, to meet a challenge no one predicted. Before it was important. Now …
SMB lenders need better data, now more than ever Read More »
COVID 19 has struck a considerable blow to the global economy. For lenders specifically it has meant huge spikes in credit requests from anxious SMBs, an understanding that their current credit models never expected such a fast economic degradation and a realization that they have a very limited view on current liquidity of their borrowers. The …
How Validis and nCino are offering relief to lenders during COVID 19 Read More »
We are working in unprecedented conditions. This is truly a unique and urgent situation. Governments and Central Banks have come together to provide liquidity, reassurance, and fiscal stimulus to our markets. Access to credit and flexible credit structures – provided by lenders or government agencies – are key to restoring economic order and eventual recovery. …
Supporting Lenders with loan application acceleration during COVID-19 Read More »
With a raft of SME data now available, the challenge is in being able to access it quickly and efficiently to make it fit for purpose In our last blog, we talked about the lending journeys experienced by both small businesses and the lenders they rely on. With the advent of digitalisation and a proliferation of …
Real-time management account data the key for SME lenders Read More »
How lenders can use data to drive quicker, more informed loan decisions for small and medium sized businesses. Small businesses in search of working capital often rely on loans to help them through choppy early waters. In some cases, relatively small amounts can mean the difference between success and failure. Banks and other lenders are …
Two sides of the same coin – The SME lending journey Read More »
Sir Donald Brydon has published his eagerly anticipated review into audit quality and effectiveness and has included submissions from Validis on how to implement technology changes that will fundamentally improve the audit quality and help identify fraud. The Report makes 64 recommendations on how to deliver a more robust and transparent audit framework in the …
Validis supports Sir Donald Brydon’s audit quality review Read More »
There is a technological revolution occurring across financial and professional services that, coupled with changing consumer expectation and behaviour, creates an opportunity to drive a step change in the quality and effectiveness of the audit practice. Audit is under pressure Recent high-profile commercial failures have only increased scrutiny on a market that has long been …
Walking the regulatory tight rope: How to deliver a higher quality audit Read More »
Key discussion points from our SME lending breakfast Earlier this month we ran a breakfast briefing in London for all our UK lending clients, brokers and partners. I’m pleased to say it was an informative and engaging session and the feedback from those that attended has been overtly positive. We were lucky that an excellent …
SME Lending Has Reached a Crucial Phase in Its Evolution Read More »
Today, customers expect an exceptional, unique and highly-personalized experience when dealing with their bank – and SMEs are no exception to that rule. Historically, a personalized experience was simply occasional face-to-face meetings, phone calls, or informal relationships. That’s no longer the case today and banks must evolve if they expect to remain competitive. Now, SMEs expect …
Leveraging Accounting Data to Deliver a Truly Personalized Service to SMEs Read More »
Bank robbery has been happening as long as there have been banks. But today’s robbers use keyboards instead of pistols and ski masks. The biggest bank heists aren’t a single hacker emptying your granny’s bank account from his basement. Cyber-attacks are highly organized, systematic, and brutal. Imagine a massive bank that holds the commercial loans of …
Protect Your Bank (And Customers) From Cyber Attack Read More »
