<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1490657597953240&amp;ev=PageView&amp;noscript=1">

Research Report

The State of Commercial Digital Lending

The clock is ticking. Are you prepared for a digital future? There is a huge disconnect between what commercial banking executives believe about digital lending and what they are actually doing to prepare for a digital lending future. The reality is, the face of the commercial borrower has changed, and many lenders are struggling to deliver service that meets the heightened expectations of this new breed of customer. This white paper explores the impact of a digital shift on the entire origination process and presents a compelling argument—with specific, measurable benefits—for implementing a commercial digital lending strategy today.

com-dig-lend_cover_313x250

What You'll Learn in this Report

  • Digital lending is a significant challenge for financial institutions, with fintech companies like PayPal, OnDeck, Kabbage, Square Capital, and Amazon leading the market.

  • In 2018, PayPal became the largest online small business lender, funding over $4 billion in loans.

  • Community banks are experiencing a decline in small business lending, with a 23% drop in loan volume per officer and a 9% drop per branch from 2015 to 2017.

  • Financial institutions need to adopt a clear digital lending strategy as fintech and alternative lenders continue to grow in this market. business needs.

 

Favicon Cornerstone Adivsors

About Cornerstone Advisors

At Cornerstone Advisors, our goal is to deliver tangible business impact to financial institutions and fintechs. We know that when institutions improve their strategies, technology, and operations, enhanced financial performance naturally follows. Because we live by the philosophy that businesses can’t improve what they don’t measure, we show banks and credit unions how to use laser-focused measurement to make smarter technology decisions.