DH Corporation (TSX:DH) announced the launch of its mobile lending solution, Total Lending™ Small Business, which aims to boost profitability of financial institutions as well as improve the lending experience for small business owners across the United States.
As quoted in the press release:
Duncan Hannay, President, Global Lending Solutions, D+H, notes, “D+H is constantly seeking out areas within banking that are ripe for innovation through technology. Total Lending Small Business empowers banks with an innovative, cloud-based platform that increases speed, boosts customer satisfaction and drives revenue. It’s vitally important that banks embrace the kinds of technologies that will provide them with a competitive edge in todays’ era of disruption.”
Total Lending™ Small Business is designed to empower financial institutions to build a more profitable small business loan portfolio. By bringing the loan process online, banks will benefit from reduced overhead and greater scale. An improved application process will also attract more loan requests from new and existing customers who prefer the convenience of the online or mobile experience.
David Boswell, Head of New Lending Products, D+H, comments, “Regulations and limited availability of technology has opened the market for online alternative lenders to capture significant market share from banks and credit unions. We developed D+H Total Lending Small Business with a re-imagined experience for borrowers and lenders to allow banks and credit unions to both delight their customers and compete on a level playing field.”