Technology

Small Business Lending Consortium Launched by Curinos, Enabling Performance Evaluation and Opportunity Identification

Small Business Lending Consortium
Curinos' LendersBenchmark® product suite's newest solution provides financial institutions with the most important benchmarks for effective analytics and decision support.

Curinos, a global data intelligence company that serves financial institutions with lending, deposits, and digital banking solutions, announced the launch of LendersBenchmark® for Small Business Lending today. This first-to-market benchmarking tool gives banks direct access to critical origination metrics for a consortium of small business lending participants.

LendersBenchmark® for Small Business Lending provides financial institutions with the weekly performance data and market insights needed to manage their small business lending portfolios. The tool enables banks to identify competitive positioning and define market optimization opportunities for capturing market demand and bookings, pricing, cycle times, and other metrics.

The method relies on a "give-to-get" framework in which participating lenders provide Curinos with both origination and portfolio transaction-level data on a pre-scheduled basis and format. This information is then anonymized and made available through pre-formatted reports and cutting-edge data visualization tools. Lenders can then evaluate their competitive position, identify market opportunities, and improve their market share, margin, risk, and operational execution.

LendersBenchmark® for Small Business Lending is delivered through CurinosConnect™, an intuitive Microsoft Excel 'add-in' feature that utilizes a robust user interface offering:
  • Direct data access to curated Curinos datasets with the most recent benchmarks available.
  • Customizable integration with bespoke reports and integration into existing workbooks.
  • An evolving application that provides a user-driven roadmap of updates to existing datasets, metrics, and user interfaces.

"As a former business banking practitioner, I am thrilled to introduce an offering that is exactly what the industry needs to accurately assess competitive positions with timeliness, specificity and comprehension," added Burkhalter.

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