Curinos Launches Small Business Lending Consortium, Allowing for Performance Evaluation and Optimization Opportunity Identification
Newest solution within Curinos' LendersBenchmark® product suite equips financial institutions with the most important benchmarks for effective analytics and decision support
NEW YORK, June 22, 2022 /PRNewswire/ -- Curinos, a global data intelligence business serving financial institutions across lending, deposits and digital banking solutions, announced today the launch of LendersBenchmark® for Small Business Lending. This first-to-market benchmarking tool provides banks direct access to critical originations metrics for a consortium of participants within the small business lending space.
LendersBenchmark® for Small Business Lending offers weekly up-to-date originations data and metrics, delivering financial institutions the performance data and market insights needed to manage their small business lending portfolios. The tool allows banks to identify competitive positioning and define optimization opportunities within the market to capture market demand/bookings, pricing, cycle times and more.
The solution is based on a "give-to-get" model, where participating lenders provide both origination and portfolio transaction-level data to Curinos on a pre-scheduled basis and format. This data is then anonymized and made available via pre-formatted reports and world class data visualization tols. Lenders can then assess their competitive position, identify market opportunities; and enhance share, margin, risk and operational execution.
"LendersBenchmark® for Small Business Lending presents unlimited potential applications to financial institutions as they address their small business lending offerings, a critical business growth area for banks," said Lindsay Burkhalter, Director of Consumer & Small Business Lending at Curinos. "Post-pandemic, small business lending opportunities have risen, with double-digit demand increases in both loan and line of credit products in 2022. As such, we developed this consortium to address how banks can identify opportunities to take their share of the demand."
LendersBenchmark® for Small Business Lending is deployed via CurinosConnect™, an intuitive Microsoft Excel 'add-in' feature that utilizes a powerful user interface offering:
"As a former business banking practitioner, I am thrilled to introduce an offering that is exactly what the industry needs to accurately assess competitive positions with timeliness, specificity and comprehension," added Burkhalter.
For additional information about Curinos and its solutions, please visit: https://curinos.com/.
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