Luna Connect Blog

Brief History of Lending Innovation

Feb 19, 2021 8:12:46 AM / by Fergal Geraghty

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Innovation has always been a crucial part of lending throughout the ages. From the very first signs of civilization, lenders have leveraged best practices to survive and prosper in the evolving environment.

From Mesopotamia, to Greece and Ancient Rome, lending has been going through continuous transformation. 

Today, lending institutions find themselves facing an arduous digital transformation challenge. But looking back at the past can often offer some explanation to the changes in the present, and where better to begin than in the cradle of human civilization?

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Season's Greetings from the team at Luna Connect

Dec 23, 2020 12:52:26 PM / by Brian D'Arcy

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Helping SME's access finance quicker with automated loan-origination processes

Nov 23, 2020 11:18:00 PM / by Brian D'Arcy posted in AI, Digital Lending, SME Lending, psd2, Asset Finance

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Learn how SME Finance and Leasing Solutions are transforming lending

Access our On-Demand Webinar and learn how SME Finance and Leasing Solutions DAC are transforming lending for SME's, including a very insightful Q&A with Declan, Darren and Brian covering customer service, digital transformation, Covid-19 and Open Banking.

Learn about

  • Growing a diversified loan book online 
  • Delivering high levels of customer service through digital channels
  • Transforming operations with real-time reporting and analytics
  • Reducing costs with automation and end-to-end integration

Access Webinar Recording

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Simpler, Quicker, More Efficient

Oct 26, 2020 11:18:00 PM / by Brian D'Arcy posted in Credit Union, Digital Lending

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Learn how Carlow Credit Union are transforming lending

Access our On-Demand Webinar recording and listen to Siobhan Gray, Head of Lending, on how Carlow Credit Union are transforming through digital lending.

Learn about:

  • Increasing lending to Members and Non-Members 
  • Building a Member and Non-Member experience through Digital Lending 
  • Transformation in Lending and Underwriting Management
  • Emerging digital trends in loan (lending) origination
  • Seamless Identify (Know Your Customer) Management 

Access Webinar Recording

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Data Analytics is more important that ever during COVID-19

Jul 2, 2020 9:20:35 PM / by Claire Gallagher posted in Luna Connect, AI, Data, Analytics

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Data is changing our world and the way we live at an unprecedented rate, Experian’s 2020 Global Data Management report says "85% of organisations see data as their most valuable asset". The amount of data collected, stored and analysed daily is increasing exponentially, and technologies and storage capacities are becoming more advanced year by year. IDCs Data Age report forecasts 175 Zettabytes of data by 2025, if this was stored on DVDs, the stack of DVDs would circle Earth 222 times.

However, data has no value unless information can be extracted and transformed into knowledge. Data Analytics uncovers meaningful and useful insights by discovering relationships within data, detecting patterns, and most importantly extracting insight.

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Customer Case Study: Carlow Credit Union

Jun 20, 2020 8:06:52 PM / by Fergal Geraghty posted in Credit Union, Luna Connect, Digital Lending, fintech, customers

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Remote lending provides loans for Credit Union members during the coronavirus crisis

Luna Connect are proud to announce they are partnering with Carlow Credit Union to bring faster lending decisions to their members, remotely, through automated loan origination.

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Practical Guide to Open Banking and PSD2 Part III

Jun 20, 2020 8:05:40 PM / by Brian D'Arcy posted in Luna Connect, AI, Digital Lending, open banking, psd2

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When talking to customers about Open Banking the two questions we get asked most frequently are 1)  can I see it in action (does it really exist) 2) do I need to be a registered AISP. I'll be going through both of these in this post. If you haven't already read the other two posts in this series check them out here Practical Guide to Open Banking and PSD2 Part I: Lending, and here Practical Guide to Open Banking and PSD2 Part II: Are you ready?

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Customer Case Study: SME Finance and Leasing

Jun 12, 2020 3:47:07 PM / by Brian D'Arcy posted in Luna Connect, Digital Lending, SME Lending, Asset Finance, customers

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Helping small businesses access finance quicker with automated loan-origination processes

Small businesses rely on finance options to purchase and upgrade the assets that are essential to their growth. Traditionally, applying for finance was a time-consuming and frustrating process for the customer, requiring extensive paperwork and a lengthy wait for a decision.

Luna Connect is revolutionising the loan-origination process, utilising automation technology to help traditional lenders compete online and to help small business owners access finance quickly and effectively.

Recently, we worked with Irish company SME Finance & Leasing to increase their market share by providing a convenient and easy-to-use online solution for their borrowers.

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Practical Guide to Open Banking and PSD2 Part II: Are you ready?

May 23, 2020 3:05:20 PM / by Brian D'Arcy posted in Luna Connect, AI, Digital Lending, SME Lending, open banking, psd2

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In this post I'll outline how to plan your Open Banking project, and ask is Open Banking ready, is your business ready, and most importantly are your customers ready. If you haven't read Part I of this series you can read it here Practical Guide to Open Banking and PSD2 Part I: Lending.

The OBIE in the UK publishes a monthly report on the Open Banking ecosystem, regulated entities and providers. This is a great source of information on adoption, and the Open Banking February Highlights provides stats on the number of successful API calls having risen from 280.5 million to 321.3 million (December 2019 to January 2020).

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Practical Guide to Open Banking and PSD2 Part I: Lending

May 16, 2020 3:28:59 PM / by Brian D'Arcy posted in Luna Connect, Digital Lending, SME Lending, open banking, psd2

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In this post, and the next 2 blog posts, I'll cover how Open Banking and PSD2 can be used practically, today. Lending is changing from face to face and phone interactions to self-service online digital experiences, and this is being accelerated globally to protect staff and customers from the spread of COVID-19 (Coronavirus). Data and APIs are the key ingredients in driving down costs and risk, increasing automation, and delighting borrowers with amazing customer experiences.

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