With the IPO market slowing in 2022 for technology companies, venture debt has become an attractive source of additional capital, and this trend has also opened up opportunities for asset-based lenders. Jennifer Post, managing partner at Thompson Coburn, discusses these trends and more in a Q&A with ABF Journal.
In a roundtable with asset-based lending technology experts from Lendscape, Solifi, ABL Soft and Codix, ABF Journal explores the most recent trends in the ABL technology arena, including real time data sharing, artificial intelligence and software-as-a-service solutions.
Intelligent automation systems can play a major role in helping financial services firms keep up with increasingly complex regulations, but keeping these systems secure and protected from cyberattacks is critical.
In a Q&A for ABF Journal, experts from ABLsoft, CODIX, Finsoft, HPD Lendscape and Solifi explore how the asset-based lending industry’s relationship with emerging technologies is evolving.
In a Q&A with ABF Journal, Paul Clarkson, executive vice president of U.S. financial institutions at nCino, and Van Dukeman, president and CEO of Busey Bank, discuss the benefits of cloud technology for commercial lenders and why such technologies have become mission critical.
The loan lifecycle is changing in front of our eyes, which means lenders need to stay up to date on the latest trends in technology in order to continually improve their processes. Nancy Lee of ABLSoft identifies cognitive computing and automation as two of the most important technology trends impacting the commercial lending market right now.
Since the start of the COVID-19 pandemic, struggling SMEs and SMBs have found it more difficult to find the capital they need to survive. At the same time, alternative lenders like fintechs have had to adapt their plans in order to continue being a reliable source of financing. Such creativity will still be needed in 2021 as more opportunities arise.
A new entrant joined the private business credit world in June, as wealth management and financial technology firm Yieldstreet launched its newest vertical. With long-time business partners Barbara Anderson and Larry Curran forming the core of the new group, Yieldstreet Private Business Credit aims to grow right alongside its borrowers and investors.
The advent of cryptocurrency created a new asset class and in the years since its introduction has slowly created new opportunities in the asset-based lending market for crypto-backed lenders like SALT Lending.
Cross River Bank, an New Jersey state-chartered FDIC-insured bank, closed its first loans under its recently developed lender finance platform. The loans totaled $19.125 million