TITLE

Small Banks' Speed Advantage Threatened by Online Lenders

AUTHOR(S)
Peters, Andy
PUB. DATE
May 2013
SOURCE
American Banker;5/16/2013, Vol. 178 Issue 76, p9
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses online lenders such as Kabbage and On Deck Capital that can process loan applications in one day or less. The article notes these online lenders have simple application forms, fewer restrictions on underwriting, a focus on small-business lending, and no bureaucracy. It also notes the views of bankers such as Trey Maust and Dave Seleski on topics including the use of tradition credit scores in decision making and the community bank's business model.
ACCESSION #
87663346

 

Related Articles

  • Say It Proudly: Our Bank Doesn't Do Credit Scoring. Nadler, Paul // American Banker;8/22/2000, Vol. 165 Issue 161, p5 

    Discusses the advantages of the services provided by community banks over big banks. Absence of credit scoring in community banks; Problems with the use of credit scoring in evaluating individual credit.

  • The nonbanks encroach on construction loans.  // ABA Banking Journal;Jul84, Vol. 76 Issue 7, p57 

    Focuses on the existing competitions between community banks and nonbank banks in the U.S. Ability of larger banks to device alternative financing; Increase demand of both commercial and residential construction lending; Substitution of secondary market participation for portfolio expansion.

  • Small Banks Say One-on-One Beats Credit Scoring Models. Whiteman, Louis // American Banker;10/8/1998, Vol. 163 Issue 193, p13 

    Focuses on the methods used by community bankers to determine lending risk, while highlighting their defense in using these methods. Response to survey results by bankers gathered at the Robert Morris Associates' annual credit conference; Information on the survey; Arguments made by bankers...

  • Are Alternative Small-Business Lenders Headed for the Mainstream? Todd, Sarah // American Banker;11/25/2014, Vol. 179 Issue 181, p1 

    The article speculates on the emergence of online small business lenders in the U.S. lending industry as discussed at the "American Banker" Small Business Banking conference in Miami, Florida. Topics discussed include partnerships with banks and alternative lenders, alternative lenders'...

  • Community banks full of change. Wirtz, Ronald A. // Fedgazette;Jan2005, Vol. 17 Issue 1, p12 

    Investigates the structural changes in community banking in the U.S. Reasons for the decline in the number of small independent banks; Report from the 2004 Federal Deposit Insurance Corp. regarding the future of community banks; Evidence of a strong community bank sector; Increase in...

  • IBM study sets out five emerging trends to reshape global banking.  // CMA Management;Feb2006, Vol. 79 Issue 9, p12 

    The article presents information on an International Business Machines Corp. study that reveals the key trends and innovations that will define the global banking industry in 2015. The study, Banking 2015: Defining the Future of Banking, spotlights the emerging business and technology...

  • Studying Commercial Lending. Winokur Munk, Cheryl // Independent Banker;Jan2016, Vol. 66 Issue 1, p73 

    The article reports on academic studies as of January 2016 that explore opportunities and challenges facing community banks involved in small-business lending. One is a Harvard University study that reveals the struggle of community banks with maintaining their market share in small-business...

  • Mutual of Omaha Doubles Down as Other Insurers Flee Banking. Cumming, Chris // American Banker;7/14/2014, Vol. 179 Issue 107, p11 

    The article focuses on Mutual of Omaha Bank, the banking industry division of insurance company Mutual of Omaha. The insurance company's commitment to maintaining its community bank is contrasted with a larger trend within the insurance industry in which companies including Allstate, Hartford...

  • INSURERS ARGUE AGAINST BEING TREATED LIKE BANKS. McLeod, Douglas // Business Insurance;6/17/2013, Vol. 47 Issue 12, p0028 

    The article reports that insurers are worried that the U.S. Federal Reserve Board will impose inappropriately bank-centric financial standards on insurers it regulates, including those designated as systemically important financial institutions (SIFIs). According to the author, the Fed has...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics