The Lending Practice

Will competition for C&I loans lead to looser underwriting?

Competition for business loans is poised to heat up as banks look to reinvest deposits and alternative lenders remain open to taking on more risk.

&ILoans

Will competition for C&I loans lead to looser underwriting? Banks and nonbanks are expected to vie for more commercial business this year, and nonbanks already have signaled a willingness to ease lending standards in order to win business.

Paul Spiteri, CEO of The Lending Practice, has been quoted in The Wall Street Journal's article on the case for back-end technology upgrades,"Business Software Faces Pressure to Update Its User Experience." Paul's expertise in both Commercial Lending technology and services provides fresh insight into the complex issues facing financial institutions with commercial lending businesses.

The article, posted today in The Journal's Experience Report section, presents the case for upgrading back-end corporate lending technology in the face of Citi's accidental $900 million payment to its lenders.

Business Software Faces Pressure to Update Its User Experience When Citigroup last year sent almost $900 million to lenders in error, it not only set off a legal fight over the money but unwittingly highlighted a separate issue in the back office: the frequently clunky experience of using business software.