JUDI.AI Blog

Stay up to date with JUDI.AI’s small business lending blog. Read about emerging technology, tips and trends in the lending industry.

JUDI.AI Blog

Stay up to date with JUDI.AI’s small business lending blog. Read about emerging technology, tips and trends in the lending industry.

Crack the Small Business Lending Code

How to Crack the Small Business Lending Code

JUDI.AI shares advice with CreditUnions.com – An interview powered by Callahan and Associates. Small and medium businesses (SMBs) play a huge role in keeping the economy alive – but most credit unions currently find themselves under indexed in small business lending. The economic instability caused by the pandemic has made doing business extraordinarily difficult for…

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Lending to a small business

SMB Lending Part 1: Growing Relationships

Acquiring and growing small business relationships.   These next few blogs are meant to help credit unions and community banks build out an undisputable business case for making innovation in small to medium-sized business (SMB) lending a top 2021 priority. We’ll start by exploring what it takes to acquire and grow SMB relationships – and…

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Cash Flow Goes Prime Time in SMB Lending

The challenges in small business lending are well documented.  And they just got a lot bigger. Small business – and related lending – is a huge segment of our economy and credit landscape.  But – amounts are small, information is opaque, making the economics challenging and the customer experience prone to disruption.   Risk of business…

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Interior Savings Credit Union Partners with JUDI.AI to Transform its Small Business Loan Portfolio

[Vancouver, B.C., Canada – December 3, 2020]: Interior Savings Credit Union (“Interior Savings”), one of Canada’s leading credit unions, announced today that in partnership with JUDI.AI, it has launched a digitally automated lending solution for small business banking members. The JUDI.AI solution enables current and prospective Interior Savings members to easily apply for a small…

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JUDI.AI’s CEBA Digital Solution Processes Over $150 Million in Loan Applications

On March 27th, the Federal Government announced the $25 billion Canada Emergency Business Account (CEBA), as part of its loan and loan-guarantee program, the Business Credit Availability Program (BCAP), to support small businesses in the era of COVID-19.  This announcement left many financial institutions scrambling to produce a solution that would process the influx of online loan applications they were anticipating. With local branches reducing operating hours and staff shifting to home offices, banks and credit unions were…

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The SMB Lending Landscape Today

On average, small and medium business (SMB) owners have less than one month of cash buffer[1]. So when a new opportunity comes around to invest in expanding–or additional cashflow is required to sustain the business through a dry spell–SMBs apply for a loan in order to keep the business running.   Most small business loans…

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Yes, Canada, Open Banking is Working in Britain

A new article from the Globe and Mail highlights how open banking is working in Britain, noting benefits already observed and one very important lesson learned Canadian lawmakers should take note of.  If you want to skip our summary and read the whole article, click here. And, if you don’t subscribe to the Globe and Mail, don’t…

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How to Keep your SMB Loan Book Profitable

Making an SMB loan book profitable  You can grow a profitable SMB loan book quickly and efficiently, but you have to be prepared to change your processes if they aren’t already automated. Expectations around the customer journey are constantly evolving. As a result, consumers now expect instant gratification in the services they receive from institutions…

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Partnering with a FinTech

Digital transformation has made headline news across many financial publications and the message is always the same: FI’s beware! Embrace digital transformation or risk becoming irrelevant. However, the digital transformation of any financial institution is a BIG job and there are so many FinTechs out there…so where should you begin? At JUDI.AI we equate your…

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