March 15, 2017
D+H launches cloud-based small business lending technology in U.S.
TORONTO and NEW YORK -- DH Corporation today launched Total Lending Small Business, a new digital, mobile-first lending solution designed to boost profitability of financial institutions and improve the lending experience for small business owners across the United States. Now, banks and credit unions can deploy an intuitive, online loan application for small businesses, enabling more application throughput than the traditional paper-based branch model.
"D+H is constantly seeking out areas within banking that are ripe for innovation through technology," notes Duncan Hannay, president, global lending solutions, D+H. "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.
"Regulations and limited availability of technology has opened the market for online alternative lenders to capture significant market share from banks and credit unions," notes David Boswell, head of new lending products, D+H. "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."
"Total Lending Small Business is a great example of how Microsoft partners with customers to create more customized service platforms that offer the full power of the cloud," said Karen Cone, general manager of worldwide financial services at Microsoft "We're excited to see how this new solution, powered by Microsoft Azure, will benefit banks, credit unions and small business owners."
Go to DH.com/smallbusiness to request a free demo and to learn more about Total Lending Small Business today