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.

ceba recap

CEBA Virtual Roundtable: Five key takeaways

On March 15, JUDI hosted our first CEBA Virtual Roundtable for our Canadian credit union clients, with representatives from 12 credit unions across the country participating. The session offered a unique opportunity for senior executives to collaborate and compare notes, as they seek to refinance a portion of the hundreds or even thousands of CEBA…

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judi integris announcement

Integris Credit Union Selects JUDI.AI to Support CEBA Loan Refinancing Strategy for Small Business Members

VANCOUVER, BC, CANADA, March 14, 2023 — JUDI.AI, a leading SaaS small business lending provider for community lenders, announced today that Integris Credit Union, headquartered in Prince George, BC and serving the communities of Clinton, Quesnel, Vanderhoof, Fort St. James and Fraser Lake, has selected its AI-enabled small business lending platform. With over 2,800 small…

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judi libro announcement

Libro Credit Union Deploys JUDI.AI to Power Small Business Lending Program

VANCOUVER, BC, CANADA, Wednesday, February 22, 2023 — JUDI.AI, a leading SaaS small business lending provider for community lenders, announced today that Libro Credit Union, the largest credit union in southwestern Ontario, has successfully gone live with its AI-enabled small business lending platform.  With $6.8 billion in assets and more than 110,000 member Owners, Libro…

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judi cuevolution announcement

Six Texas Credit Unions Select JUDI.AI to Power Small Business Lending Via CU Evolution CUSO Partnership

VANCOUVER, BC, CANADA, November 30, 2022 – JUDI.AI, a leading SaaS small business lending platform for community lenders, announced today that six credit unions in Texas have selected JUDI’s AI-enabled platform to streamline lending to local businesses, in partnership with CU Evolution, a Dallas, Texas-based Credit Union Service Organization (CUSO) specializing in business lending.  Family…

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matt paul catalano QEG xOoYY unsplash

Repaying CEBA loans unlocks up to $20K for small businesses, but financial guidance needed, new study finds

For lenders, CEBA represents opportunities to acquire and retain small business borrowers, although operational readiness challenges remain. VANCOUVER, October 18, 2022 – Amidst the backdrop of rising inflation and a possible recession on the horizon, the coming “CEBA Tsunami” represents a $15 billion opportunity for community lenders to help get much-needed capital in the hands…

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SMB Lending Advisor Offering Proactive Advice

connectFirst Credit Union Deploys JUDI.AI to Streamline Underwriting for Small Business Lending

JUDI.AI announced on June 2nd that connectFirst Credit Union had successfully gone live with its AI-enabled small business lending solution. JUDI.AI enables the Calgary-based credit union to grow its Independent Business loan portfolio and automate manual processes. “We want Albertans to bank on a brighter future and we’re investing in the technology and tools to…

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real-time data analytics

Ask the Data Science Guru: Behavioral Scoring in SMB Lending

How does the concept of behavioral scoring apply to SMB lending? This is the last blog of our 3 Part Series – “Ask the Data Science Guru”. The two blogs prior featured musings from the JUDI.AI credit science team, focused on the following questions:  “What role does cash flow data play in the future of credit risk?”  “What opportunities do AI and machine learning…

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Ask the Data Science Guru: AI & Machine Learning in Credit Risk Management

What opportunities do AI and machine learning bring to SMB credit risk management? Welcome to Part 2 of our 3 Part Series – “Ask the Data Science Guru”. Our last blog focused on answering the question, “What role does cash flow data play in the future of credit risk?”. Today we asked our credit science team about the opportunities presented by AI and machine learning for SMB credit risk management.   Here’s…

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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 the Gig Economy: 3 Key Things To Note

Lending to the gig economy doesn’t have to be difficult! In this post you can expect to learn: What is the gig economy? What are the needs of gig economy workers? How you can innovate your lending practices to accommodate the gig economy.  Understanding the gig economy Characterized by freelance and short-term contracts, in a…

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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 in 2020

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…

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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…

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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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