By Andrew Sanaghan, Chief Operating Officer, Validis The legal cannabis market in the US is currently worth around $30bn per annum, projected to rise to $40bn by 2025 and a staggering $60bn by 2030. That’s a lot of cannabis and the market shows no sign of peaking any time soon. Indeed, a report by cannabis …
Early adopter banks cultivate opportunities in burgeoning legal cannabis market Read More »
The FBI launched a campaign earlier this year to urge the public to call in any military devices they find in their homes. As ageing veterans are passing away, the FBI is concerned that ‘souvenirs’ of past conflicts are sitting in attics and basements across the country. The FBI warns that these items of military …
The fuse is lit in the North American small business lending space Read More »
Same As Last Year) has been a much loved friend of accounting firms the world over for the last 100 years. It’s been a familiar, ever so comfortable way of doing business.
Author: Ronan O’Dea, Head of Product, Validis With its article headlined “The world’s most valuable resource is no longer oil, but data” The Economist, back in 2017, paved the way for the rallying cry of the last few years that “data is the new oil”. The presumption then was the more oil or data …
Financial data: the renewable power source of SME banking Read More »
21st century technology is now available for firms of all sizes that increases productivity while working remote. During this unprecedented time, brought on by a global pandemic, the need to work completely remote has forced most firms to rethink their processes. The key to any change in process can be answered by a simple question …
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 speed at …
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. COVID-19 has nearly brought the economy to its knees affecting nearly 30 million small business in the process. While most banks have moved heavily down the “digital banking” path the commercial banking divisions have lagged behind and SMB’s are now insisting …
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 accounting software solutions …
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 constantly looking for ways …
Two sides of the same coin – The SME lending journey Read More »
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