5 myths of business lending innovationinnovation. the only barrier to scale is the absence of...
TRANSCRIPT
![Page 1: 5 Myths of Business Lending Innovationinnovation. The only barrier to scale is the absence of technology. Myth #1 3. For mission-based lenders, passion to serve more people outweighs](https://reader035.vdocument.in/reader035/viewer/2022081407/5f1ae9c59efdc23f9b18c400/html5/thumbnails/1.jpg)
5 Myths of Business Lending Innovation
![Page 2: 5 Myths of Business Lending Innovationinnovation. The only barrier to scale is the absence of technology. Myth #1 3. For mission-based lenders, passion to serve more people outweighs](https://reader035.vdocument.in/reader035/viewer/2022081407/5f1ae9c59efdc23f9b18c400/html5/thumbnails/2.jpg)
2
Our Mission Empowering our stakeholders to accelerate impact in their communities in a whole new way.
A global force for good.
TechnologyDelivering the world’s best nonprofit and educational technology solutions at affordable rates.
Community EngagementInspiring volunteerism, augmenting employee giving through donation matching, and fostering the power of community collaboration.a nonprofit social
enterprise Strategic GrantsRe-investing in the community through strategic grants in education, workforce development and technology innovation.
![Page 3: 5 Myths of Business Lending Innovationinnovation. The only barrier to scale is the absence of technology. Myth #1 3. For mission-based lenders, passion to serve more people outweighs](https://reader035.vdocument.in/reader035/viewer/2022081407/5f1ae9c59efdc23f9b18c400/html5/thumbnails/3.jpg)
The only barrier to scale is the absence of technology.
Myth #1
3
![Page 4: 5 Myths of Business Lending Innovationinnovation. The only barrier to scale is the absence of technology. Myth #1 3. For mission-based lenders, passion to serve more people outweighs](https://reader035.vdocument.in/reader035/viewer/2022081407/5f1ae9c59efdc23f9b18c400/html5/thumbnails/4.jpg)
For mission-based lenders, passion to serve more people outweighs fear of change.
Myth #2
4
![Page 5: 5 Myths of Business Lending Innovationinnovation. The only barrier to scale is the absence of technology. Myth #1 3. For mission-based lenders, passion to serve more people outweighs](https://reader035.vdocument.in/reader035/viewer/2022081407/5f1ae9c59efdc23f9b18c400/html5/thumbnails/5.jpg)
Only organizations with large technology budgets can innovate.
Myth #3
5
![Page 6: 5 Myths of Business Lending Innovationinnovation. The only barrier to scale is the absence of technology. Myth #1 3. For mission-based lenders, passion to serve more people outweighs](https://reader035.vdocument.in/reader035/viewer/2022081407/5f1ae9c59efdc23f9b18c400/html5/thumbnails/6.jpg)
Technical expertise is the most important element of a digital transformation project.
Myth #4
6
![Page 7: 5 Myths of Business Lending Innovationinnovation. The only barrier to scale is the absence of technology. Myth #1 3. For mission-based lenders, passion to serve more people outweighs](https://reader035.vdocument.in/reader035/viewer/2022081407/5f1ae9c59efdc23f9b18c400/html5/thumbnails/7.jpg)
The presence of this new technology will be the main driver of change in your organization.
Myth #5
7
![Page 8: 5 Myths of Business Lending Innovationinnovation. The only barrier to scale is the absence of technology. Myth #1 3. For mission-based lenders, passion to serve more people outweighs](https://reader035.vdocument.in/reader035/viewer/2022081407/5f1ae9c59efdc23f9b18c400/html5/thumbnails/8.jpg)
Thank You!
Kate Mirkin, Director of Product Marketing, Salesforce.org§ [email protected]
Shaolee Sen, EVP, Accion in the U.S.§ [email protected]
Patrick Davis, VP of Program Strategy and Development, Community Reinvestment Fund§ [email protected]
Prashant Reddy, Director of Strategic Accounts, DemystData§ [email protected]
8
![Page 9: 5 Myths of Business Lending Innovationinnovation. The only barrier to scale is the absence of technology. Myth #1 3. For mission-based lenders, passion to serve more people outweighs](https://reader035.vdocument.in/reader035/viewer/2022081407/5f1ae9c59efdc23f9b18c400/html5/thumbnails/9.jpg)
Resources from Salesforce.org
http://www.salesforce.org/help/power-of-us-hub/http://www.salesforce.org/nonprofit/unlock-power-salesforce-platform-ebook-download/
9
![Page 10: 5 Myths of Business Lending Innovationinnovation. The only barrier to scale is the absence of technology. Myth #1 3. For mission-based lenders, passion to serve more people outweighs](https://reader035.vdocument.in/reader035/viewer/2022081407/5f1ae9c59efdc23f9b18c400/html5/thumbnails/10.jpg)
Collaboration + Technology Example: Connect2Capital
10
![Page 11: 5 Myths of Business Lending Innovationinnovation. The only barrier to scale is the absence of technology. Myth #1 3. For mission-based lenders, passion to serve more people outweighs](https://reader035.vdocument.in/reader035/viewer/2022081407/5f1ae9c59efdc23f9b18c400/html5/thumbnails/11.jpg)
Simplifying the Search Process
11
![Page 12: 5 Myths of Business Lending Innovationinnovation. The only barrier to scale is the absence of technology. Myth #1 3. For mission-based lenders, passion to serve more people outweighs](https://reader035.vdocument.in/reader035/viewer/2022081407/5f1ae9c59efdc23f9b18c400/html5/thumbnails/12.jpg)
A Marketplace Approach
12
![Page 13: 5 Myths of Business Lending Innovationinnovation. The only barrier to scale is the absence of technology. Myth #1 3. For mission-based lenders, passion to serve more people outweighs](https://reader035.vdocument.in/reader035/viewer/2022081407/5f1ae9c59efdc23f9b18c400/html5/thumbnails/13.jpg)
Managed Product Matchmaking
13
![Page 14: 5 Myths of Business Lending Innovationinnovation. The only barrier to scale is the absence of technology. Myth #1 3. For mission-based lenders, passion to serve more people outweighs](https://reader035.vdocument.in/reader035/viewer/2022081407/5f1ae9c59efdc23f9b18c400/html5/thumbnails/14.jpg)
Self-Defined Parameters
14
![Page 15: 5 Myths of Business Lending Innovationinnovation. The only barrier to scale is the absence of technology. Myth #1 3. For mission-based lenders, passion to serve more people outweighs](https://reader035.vdocument.in/reader035/viewer/2022081407/5f1ae9c59efdc23f9b18c400/html5/thumbnails/15.jpg)
Rich Reporting for Referral Partners and Lenders
15
![Page 16: 5 Myths of Business Lending Innovationinnovation. The only barrier to scale is the absence of technology. Myth #1 3. For mission-based lenders, passion to serve more people outweighs](https://reader035.vdocument.in/reader035/viewer/2022081407/5f1ae9c59efdc23f9b18c400/html5/thumbnails/16.jpg)
Accion Loan Application: Consumer Experience
16
![Page 17: 5 Myths of Business Lending Innovationinnovation. The only barrier to scale is the absence of technology. Myth #1 3. For mission-based lenders, passion to serve more people outweighs](https://reader035.vdocument.in/reader035/viewer/2022081407/5f1ae9c59efdc23f9b18c400/html5/thumbnails/17.jpg)
DemystData Output: Back-End
17
Application Dashboard
Demyst Score
Demyst Score Detail