StreetShares Platform: Setting the Benchmark for All-Digital Business Banking

Digitalization in lending can no longer be myopically looked at as a mere cost-savings play or a way to eliminate time-consuming and complicated manual efforts. Rather, banks and credit unions must look at digital lending platforms as an opportunity to accelerate revenue, business growth, and profitability. Streamlined, fully digital banking approaches are replacing paperintensive, slow, and costly underwriting processes. Digital-savvy community lenders that offer a world-class, alldigital business banking experience are sure to gain a competitive edge with greater consistency in lending decisions and continual improvement in lending efficiency and portfolio performance through the use of analytics. At the cutting edge of the digital lending innovation is StreetShares Platform—an awardwinning financial technology solution provider powering community banks and credit unions to serve the full suite of banking needs of U.S small business owners.

StreetShares Platform offers the Atlas Platform—a digital business banker application marketplace—to help community lenders deliver the all-digital banking experience that small business owners demand. The Atlas Platform is a white-labeled, software-as-a-service platform supporting various modules or digital banking products that banks can offer to their small business customers. The platform features core-friendly integrations, including all-digital applications, automated scoring and decisioning tools, advanced portfolio analytics, and data-driven sales and marketing tools for mission-driven community lenders. Each application is a new product that banks and credit unions can offer their customers,” says Mark L. Rockefeller, CEO and Co- Founder of StreetShares Platform.

Mickey Konson, President and Co-Founder of StreetShares Platform, explains that banking institutions often lack robust technology to provide banking products to their customers in a digital way. Additionally, small-sized banks find it challenging to integrate digital lending solutions with their core loan operating system or teller system, owing to the long integration times and high costs. Starting from digital loan applications all the way through to the data integrations on the backend, the Atlas Platform provides sophisticated tools to allow community lenders to offer a superior experience to customers. To help banks discover prospective customers (small business owners) and offer them relevant business financial products, the Atlas Platform provides an innovative sales and marketing engine.