About the Whitepaper
COVID-19 has had a drastic impact on businesses all over the world. The effects of the pandemic left many businesses and industries struggling to make ends meet, triggering a huge influx of lending activities, most notably the Paycheck Protection Program (PPP) backed by the U.S. government. With both small businesses and individuals impacted by unemployment, financial uncertainty, and nationwide lockdowns, many have turned to non-bank lenders to help bridge the gap.
As a result, non-bank lenders have had to upgrade and refine their services in order to meet the growing needs of consumers who are now reliant on these lenders to keep their businesses afloat. On the other end, traditional bank lenders are having to find new ways to collaborate with merchants, fintechs and smaller non-bank lenders in order to remain accessible and attractive to consumers looking for financing. In response to this, Connect Global Group and Mambu partnered to host the Diving Into New Lending Dynamics Webinar, in which industry experts gathered to discuss:
- The current trends in small business lending
- The impact of COVID-19 and digitalisation
- The development of lending decisions and how the industry is changing
- What the future holds for small business lending
- What institutions need to do to stay afloat as the industry progresses
About our Partner
Mambu is the SaaS banking platform that is changing financial services. This rapidly growing company was launched in 2011 and is enabling customers to build modern banking and lending offerings fast, securely and simply. Through its composable approach, the platform gives customers the ability to design and service nearly any financial product while rapidly integrating to the best-of-service ecosystem of complementary solutions around the world. Mambu has a global network of over 500 employees that supports 180 customers in over 65 countries. It counts N26, OakNorth, ABN AMRO and Orange amongst its extensive list of customers.