business-lending
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Preferred Bank makes a business of staying lean
The Los Angeles lender pairs personal service with tight operating costs. Its history shows both the appeal of that approach and the price of reaching beyond it.
The $99 Billion Bank That Wants Money to Stop Keeping Office Hours
Western Alliance built a national commercial bank out of specialist desks, local judgment and a willingness to learn odd corners of the economy. Its newest bet is that regulated dollars should move at the speed of the businesses using them.
RDC.AI
RDC.AI (formerly Rich Data Co) is a Sydney-founded software company that builds an explainable AI decisioning platform for business and commercial lenders. Its cloud-native platform ingests transactional and alternative data to help banks originate, assess, monitor and manage loans faster and more transparently, producing a reason code for every decision so lenders can satisfy fair-lending and regulatory obligations. Backed by Westpac, nCino and Acorn Capital through a A$37m Series B, RDC.AI counts institutions such as M&T Bank, Westpac and BNZ among its customers and is expanding into North America.