Lender Infrastructure Key to Managing SBA’s Paycheck Protection Program

From seeding new growth initiatives to funding expansion plans, small business lenders are always in search of opportunities where they can come through for their customers in times of need. But the coronavirus crisis is providing them with perhaps the…

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5 Steps to Future-Proof Your Business & Yourself (Thank You, NEXT!)

Here’s a shot of Julie Lane, Financial Services Digital Executive, alongside the co-founders of NEXT, Jeri Yoshida and Molly Dowdy (from left to right). The COVID-19 outbreak has caused companies around the world to change the way that they do…

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In Volatile Financial Markets, Scalability is Crucial to Lender Success

As I’m writing this blog post, the major global financial markets have experienced two weeks of down and up (mostly down) rollercoastering due to COVID-19 concerns. The S&P500 index has experienced its six largest point moves all in the first…

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The Role of Humans in Document-Driven RPA Applications

Robotic Process Automation (RPA) is the fastest-growing enterprise software segment, having expanded 63% to $846 million worldwide in 2018, according to Gartner, while Forrester predicts that the RPA market will reach $2.9B by 2021. Everywhere from the boardroom to online…

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Ocrolus VP of Solutions Nicole Newlin Named to NYC Fintech Women Leadership Team

Story by Melissa Hougie, Director of Marketing, with Q&A from Nicole Newlin, VP of Solutions We’re proud to announce that Nicole Newlin, VP of Solutions at Ocrolus, has joined NYC Fintech Women’s leadership team. Nicole brings first-hand experience navigating financial…

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Three Benefits of Automating Invoice Processing

Every company has an Accounts Payable (AP) function; whether it’s a sole proprietor with a makeshift approach, or a corporation with shared services operations, every organization has some kind of procedure for invoice processing.  And for as long as there…

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A Case Study in Fintech Infrastructure: FreshCuts — Powering the Next Generation of Barbershops

Perspective on the Visa/Plaid dealto think about during your next haircut.The fintech ecosystem scored a huge win last week, when Visa acquired Plaid for a whopping $5.3 billion — reportedly 40 times their current revenue! The price may seem high…

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Using Alternative Data for Cash Flow Analysis to Qualify Borrowers

One of the primary uses of alternative data is the review of bank statements to determine a company or individual’s assets and cash management over an extended period of time. A relatively quiet yet significant announcement was made last month…

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Mortgage Lenders Tap Technology to Address the Burgeoning Gig Economy

More than one third (about 36%) of U.S. workers take part in the gig economy, the  rapidly growing job market comprised of temporary, part-time, and freelance work. Some gig workers only dabble a few hours a week for pocket money.…

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Non-QM Lenders Following the Fintech Success Model

The volume of US-based digital lending by fintechs to individuals and small/medium enterprise (SME) has grown from less than $21B in 2017 to an estimated $27B in 2019, and it’s projected to surpass $40B by 2022. This growth and the…

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