How FinTech Is Changing The Lending World
Many people think of the process of bank loans as rigid and slow. And with good reason. Taking out a bank loan can take a lot of paperwork and a lot of time.
Market disruptors recognized that the loan system is long overdue for an update and that many good candidates are not qualifying for financing. So they began to rework the existing model, in hopes of making the lending system easier and more user friendly.
But, what started as simply an alternative to bank financing has turned into something so much bigger.
Benjy Feinberg, CEO of Behalf, recently published a post on The Orchard Platform blog explaining how FinTech is bringing the startup culture to the lending world and changing the relationship between lenders and borrowers.
Read the full post on the Orchard Platform blog here!