Innovations in fintech have significantly improved the consumer lending process, but the same hasn’t been true for the commercial banking industry. Lending time for middle market businesses can take up to 100 days,nd that lag time to accessing capital can slow a business down incredibly.
Fintech has invested less in optimizing the lending market for commercial businesses and Allan Rayson, Chief Innonvation Officer and Chief Technology Officer at Encore Bank, is determined to change that. Allan spent the majority of his career in commercial banking and recognizes the need to streamline the process for extending commercial credit.
Join us as Jeff and Allan discuss:
Where the inefficiencies are in commercial banking
Opportunities for smaller community banks to come together with Fintechs to make innovations in consumer lending more transferable to the commercial space
Focusing on data interchange, underwriting and negotiations to level-up middle market lending   


Want to learn more about how Upstart partners with Banks? Check out this case study mentioned in the episode.