Cultivating Innovation as a Traditional Bank

Innovation is not just about adoption of technology, it’s also a change in mindset. Especially for some traditional banks that have been operating for over a decade, this mindset shift in the lending space usually involves influencing multiple stakeholders at a financial institution: from credit, risk and regulatory sides of the business. So how do you influence the risk averse and push innovation, especially in today’s tough climate of mortgage lending?Our guest today Leisa Kinnin, SVP Lending Product Manager at UMB Bank, together with her team helped to launch a downpayment assistance program that provides help to qualified borrowers who cannot meet the high upfront costs of purchasing a home. Leisa has spent her entire career in lending and knows this team effort requires institutional process change to meet the tech changes she sees in the industry.Join us as Jeff and Leisa discuss:How traditional banks can leverage fintechs for digital experiencesInfluencing decisions without a seat at the top of the org chartServing underserved communities   Want to learn more about how Upstart partners with Banks? Check out this case study mentioned in the episode.