Discover how collaborative healthcare initiatives are revolutionizing financial relief for patients and healthcare providers alike.

In today's competitive financial landscape, increasing loan application volume is essential for sustaining growth and profitability. Originally published by BAI - https://www.bai.org/banking-strategies/why-boosting-loan-application-volume-is-critical-in-a-tight-market

This article first appeared in the April BAI Executive Report. Gain more insights into the value of building banking relationships through lending and more in that issue, Executive Report: “Innovations in lending services”.

An article in the most recent edition of ALM's Credit Union Times highlights Epic River growing presence in credit unions and the impact these credit unions can provide a "surprisingly simple solution to disrupt the cycle of inescapable debt."

Epic River, a lending-as-a-service platform, and Zero Circle, a green finance marketplace, have partnered to integrate their digital platforms, simplifying access to green financing for businesses.

Epic River, a leading lending-as-a-service platform provider, has announced its integration with Finastra's LaserPro loan documentation system. This partnership aims to significantly streamline the loan closing process for financial institutions by automating data transfer and document generation.

In a recent article for The Credit Union Connection, Jeff Grobaski, CEO of Epic River, addresses the strategic priorities that credit union leaders should focus on in 2024. Key Takeaways: Navigating Economic Challenges: Grobaski acknowledges the ongoing economic challenges faced by credit unions, such as rising borrowing costs, maintaining competitive deposit rates, and supply chain disruptions. Prioritizing Digital Transformation: He emphasizes the importance of investing in digital transformation to improve member experience, streamline operations, and remain competitive in the evolving financial landscape. Building Agile Infrastructure: Credit unions need to develop agile infrastructure that allows them to adapt quickly to changing market conditions and member needs. Focusing on Community-Centric Approach: Grobaski highlights the importance of maintaining a strong focus on serving the community and providing personalized financial solutions to members. Grobaski suggests that by prioritizing these strategic initiatives, credit unions can successfully navigate the challenges of 2024 and continue to thrive in the years to come. He emphasizes the resilience and adaptability of credit union leadership, which will be essential in overcoming the uncertainties of the future.

In a recent article for Finopotamus, Jeff Grobaski, CEO of Epic River, explores how digital lending can be a powerful tool to promote financial inclusivity. Key Takeaways: Overcoming Unconscious Bias: Grobaski emphasizes that digital lending platforms can help mitigate the impact of unconscious bias in traditional lending practices by relying on objective data for loan decisions. This promotes fairer and more equitable access to credit for all borrowers. Expanding Access to Credit: Digital lending platforms can reach a wider range of borrowers, including those who may be underserved by traditional financial institutions. This increased access can empower individuals and communities, fostering economic growth. Promoting Fair Lending Practices: By standardizing evaluations and removing subjective judgments, digital lending promotes a more transparent and equitable lending process. This helps ensure that credit decisions are based solely on creditworthiness, not on factors like race, gender, or ethnicity. Grobaski highlights the transformative potential of digital lending to create a more inclusive financial system. He acknowledges the importance of addressing potential biases in algorithms and data, but ultimately believes that the benefits of digital lending far outweigh the risks. By leveraging technology and data-driven insights, credit unions and other financial institutions can play a crucial role in promoting financial inclusivity and empowering underserved communities.

Epic River has introduced a new platform designed to connect credit unions with healthcare providers, opening up new avenues for financing in the healthcare sector. This innovative approach aims to benefit both credit unions and healthcare providers by offering a simplified and streamlined lending process. For healthcare providers, this platform can provide a much-needed source of reliable cash flow through patient loans. This can be particularly beneficial for smaller practices or those facing financial challenges. On the other hand, credit unions can tap into a new source of high-quality loans, potentially expanding their portfolio and increasing interest income opportunities. Epic River's solution focuses on making the lending process more accessible and efficient. By facilitating loans between credit unions and healthcare providers, the platform indirectly supports patients by offering them more manageable payment options for medical bills. This new platform could mark a significant shift in healthcare financing, demonstrating the potential of collaboration between financial institutions and healthcare providers. As the healthcare landscape continues to evolve, innovative solutions like this could play a crucial role in ensuring financial sustainability and accessibility for all stakeholders.

Epic River, a lending-as-a-service platform provider, has announced the launch of a new digital platform specifically designed for credit unions. This platform aims to facilitate patient financing by connecting credit unions with healthcare providers, thereby expanding credit unions' lending capabilities.