CU 2.0 Fintech Friday: Boss Insights

Credit union partner with fintech

It’s CU 2.0 Fintech Friday! Today, Chris Otey sits down with Tally St to discuss all things credit union, fintech, and digital innovation.

This is our chance to chat with the people who push our industry forward. They bring new techniques, new technologies, and new points of view to the scene. (And we promise, we’ll try to avoid digital distractions for your credit union’s CEO!)

Small and medium businesses have a hard time getting approved for loans. In fact, 7 out of 10 don’t get approved. Even the 3 that are approved get only part of their needs met. That means a staggering 85% of small- and medium-sized businesses that need money aren’t getting it.

That’s a major opportunity for credit unions. By increasing the flow of capital from the credit union to the business that need it, credit unions can better serve their communities while improving their portfolio growth.

Unfortunately, identifying which businesses need money—and which are qualified, eligible borrowers—can be a tedious, lengthy process. That is, unless there’s a data company to help…

Introducing Boss Insights

Boss Insights is a platform that increases a credit union’s business loan portfolio. They ensure businesses get the support they need by finding and targeting businesses in need.

How do they do it? The easy answer is “through data insights and the Boss method.” The more complicated answer is better, though:

  1. First, Boss Insights reduces the manual screening process of business loans from months to minutes. They use data shared by the company founder to find businesses that are right for your loan portfolio.
  2. Next, if the business is a qualified lead, Boss Insights verifies their business information, simplifying the due diligence process.
  3. Lastly, for borrowers, Boss Insights will proactively prompt businesses with different tools to address their current needs.

If this sounds like an intriguing credit union–fintech partnership, check out the Boss Insights snapshot below!

Boss Insights Snapshot

Here’s a quick look at the basics of Boss Insights Check out what they and others are saying about their place in the market.

Top 3 Problems Solved

  1. Business loan lead qualification
  2. Verifies business information for lending
  3. Portfolio management of business loans

Boss Insights Co-founder: Keren Moynihan & Luke Moynihan

Boss Insights Market Strategy

Credit unions, banks, and alternative loan providers.

Boss Insights in the News

Five Female Founders Trailblazing in Fintech 

WATCH: Boss Insights’ Co-Founder discusses “How AI Can Unite Us” at TechTO 

Interested in seeing more fintech entrepreneurship? Check out the CU 2.0 fintech infographic, Death by 1,000 Cuts. You can see firsthand the impact fintechs have had on the credit union industry, as well as how fintech innovation can improve your income statement, balance sheet, interest margin, services, and more.

Credit Union 2.0 believes fully in the power of credit union and fintech partnerships. With the shared goal to redefine multifaceted financial services models look like to members, more credit unions are looking to partner with forward-leaning fintechs.

If you want to learn more about credit union–fintech partnerships, click here.

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