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…
Artificial Intelligence (AI) is a much talked about phenomenon these days. Our sense is that for most people it is still a fairly abstract or esoteric idea. We thought we would spend some time breaking it down, specifically as it relates to small business lending. Let’s start with a primer Artificial Intelligence is the science…
2020 was a crazy year There is no need to belabor the point with superlatives. However, some usage data from across the JUDI platform is quite interesting: In April 2020, (as the economy was grinding to a halt and small business lending was being nationalised in both Canada and the US), application volumes fell by…
JUDI.AI Secures $2.5 Million of Debt and Equity Financing Vancouver, B.C., Canada – November 13, 2020: JUDI.AI (“JUDI”), a financial technology company which provides a cutting-edge small business lending analytics platform to SME lenders in Canada and the United States, has closed a $2.5 million financing led by Vancouver based CleanFin Capital (“CleanFin”) and…
[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…
[Vancouver, B.C., Canada – November 5, 2020]: Sunova Credit Union (“Sunova”), 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 Sunova members to easily apply for a small business loan in real-time, anytime, anywhere and on any device. “As we looked to streamline and modernize our small business lending process,” said Chad Willis, Chief Experience Officer at Sunova, “it…