A number of factors have an impact on trends in lending and borrowing. Interest rates, consumer confidence levels, economic factors and world issues all can change the way consumers and businesses think about sources of capital and how and when to borrow.

First Community Bank and Trust, a privately owned bank, serving individuals, families and businesses in Beecher and Peotone, IL, as well as across the state, has selected Lendsmart, an AI-driven digital lending platform, to enhance its digital lending operations.

Today’s consumer is progressively more comfortable using technology in all aspects of their lives.  They research on Google and other search engines, talk to their in-home and in-car devices when creating grocery lists, and scan QR codes at restaurants and events.

Midwest Bank, a locally-owned community bank, providing loans, mortgages, financial planning and investment services throughout central Illinois, has selected Lendsmart, an AI-driven digital lending platform, to improve its digital lending and home buying operations.

You may believe that technology can dehumanize financial services. After all, many people today look for banks and other lending institutions online and then use websites to search for homes, pre-qualify for mortgages, shop rates, and purchase insurance.

Citizens State Bank, a Wisconsin-based community bank focused on commercial and personal banking products, has selected Lendsmart, an AI-driven digital lending platform, to improve its digital lending operations and offer a seamless customer experience.