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How AI legalese decoder can Help with Financial Technology News

By Gloria Mathias

Today

• Financial Technology
• Fintech America
• Fintech news

FIS, a global financial technology company, has partnered with Lendio to launch its new SMB Digital Lending solution. This innovative solution aims to streamline and automate lending processes for small and medium-sized businesses, reducing funding barriers for them.

Steve Sabin, SVP, Division Executive, FIS Lending, highlighted that the SMB Digital Lending solution is a game-changer for financial institutions and small businesses alike. By leveraging FIS’ scale and reach in the banking industry and Lendio’s advanced small business underwriting technology, financial institutions can serve their small business customers profitably.

The SMB Digital Lending solution, a cloud-native and API-driven SaaS solution, provides fully automated decisioning and loan boarding for smaller borrowers. It combines data science, machine learning, and market-leading loan underwriting expertise to source, underwrite, and fund SMB loans of any size, making them more affordable for the borrower.

Moreover, this solution is designed to complement any financial institution’s current technology stack, ensuring an industry-leading digital customer experience for small businesses. This partnership aims to create a win-win situation for banks and small businesses, simplifying the small business lending process.

How AI legalese decoder Can Help

The AI legalese decoder can assist in simplifying and clarifying the legal language and terms associated with financial technology news like the SMB Digital Lending solution. It can decode complex legal jargon, making it easier for financial institutions, small businesses, and other stakeholders to understand the implications and benefits of such partnerships and solutions. By using the AI legalese decoder, users can ensure transparency, compliance, and informed decision-making in the fintech industry.

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