Independent Banker - May 2021 - 26

" Legacy community banks and financial institutions must begin to
accept a startling, yet very real truth: failure to digitally transform
means increasing the risk of being left behind. "
The Risks of Not Digitizing
If the pandemic has taught us anything, it's that
things can change at a moment's notice. In-person
meetings and paper forms are not the only way
to do business. In fact, they can be hindrances
to expanding a bank's reach. Consumers,
business owners, and professionals alike are now
accustomed to living in a digital world with apps
and subscription services to fit every need - and
they expect their banks' offerings to be on par.
Community banks and financial institutions must
accept a startling, yet very real truth: failure to
digitally transform means increasing the risk of
being left behind. These risks come in many forms,
including:
*
*
*
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Departure of key clients
Financial losses
Stunting of growth
Failure to attract top talent
" We wouldn't have been able
to serve our small business
customers in their most desperate
hour were it not for SPARK. They
were right there with us when we
needed a scalable and streamlined
digital solution. "
- The Bancorp
Digital Lending in the
Post-COVID Era
We've surpassed the point of needing industry
analysts and consultants to verify that the world is
changing. Bankers don't need to look any further
than their own daily lives - filled with everything
from social media scrolling and online shopping to
digital car services and streaming television - to
reaffirm that consumers of all ages are thriving in
a technologically savvy world. The elusive " some
day " has become " today, " and the opportunity for
banks to better serve the SMB market with tailored,
automated, digital tools is ripe for the picking.
As an all-in-one, cloud-based loan origination
system, SPARK is well-positioned to lead
community banks into a new era of lending.
Through automation, customer-centered design,
deep expertise, and belief that artificial intelligence
works best when there is a human in the loop,
SPARK simplifies the loan origination process
for everyone: sales team, underwriter, closer, and
small business owners.
We believe in solutions that benefit everyone.
That's why we seek to power traditional lending
institutions with deep roots in our communities.
Lenders backed by hedge funds in New York
aren't connected to the local community - they're
connected to profit. SPARK is direct, cutting
through complexities with a straightforward
approach to do the most good, as fast as possible.
Look no further than our onboarding and training
process as an example: sign a contract with us,
and you'll be originating loans in as few as four
weeks (as opposed to four months or four quarters
with other solutions).
It's time for a new era of banking and
lending technology - one that focuses
more on building relationships than
wasting precious time. Are you ready?
Take the first step
at lendwithspark.com
https://lendwithspark.com/ https://lendwithspark.com/landing/?utm_source=ICBA_Magazine&utm_medium=WhitePaper&utm_campaign=ICBA_WhitePaper
Independent Banker - May 2021

Table of Contents for the Digital Edition of Independent Banker - May 2021
