Beyond Banks by Cobalt Intelligence

Cyndi Festa, a commercial data expert with decades of experience working with government registries both domestically and internationally You'll discover how business registry access has evolved from hours on hold with "elevator music" to digital access that varies dramatically by jurisdiction,  why Secretary of State offices are becoming increasingly concerned about data privacy while still meeti...

In this episode, we discuss the unique challenges faced by construction businesses due to cash flow gaps and the reluctance of traditional banks to lend to them. We explore alternative lending solutions, focusing on the importance of project-based lending, active lender involvement, and a deep understanding of the construction industry. We also touch on the transformation from traditional lending...

In this episode, we explore key technology for alternative business lenders. We discuss modular, API-driven technology for lenders with limited IT, and regulatory compliance tools amid increasing scrutiny. We also cover fraud prevention for lenders with higher-risk borrowers and why seamless loan origination and servicing integration is key. Tune in to learn how the right tech partner can address...

Cobalt Intelligence API has been implemented by General Merchant Funding to automate the underwriting process, which has yielded significant benefits in terms of time savings and fraud detection. The automation includes Secretary of State Verification, Real-Time EIN Verification, and Judicial Records & Court Case Searches. These features have eliminated manual processes, saving 3-5 minutes per...

Idea Financial , a small business lender for plaintiff law firms, partnered with Cobalt Intelligence to automate their verification process. The API integration led to increased efficiency in their high-volume operation and was implemented faster than with traditional bureaus. This demonstrates the value of API-based verification in alternative lending, especially with the shift towards permission...

1West's marketplace approach and ABLE software automate the lending process, making it more efficient for both borrowers and lenders. Their partnerships and real-time offers set them apart from other marketplaces. Integration with Cobalt API further streamline the process. Overall, 1West's data-driven approach and focus on automation make them an attractive partner for lenders.