Orchard Publishes White Paper on Data Standardization for Online Lending

The advent of online lending has become a powerful vehicle for providing access to credit for many thousands of businesses and individuals.

Orchard platform has published a white paper on data standardization. While originators may collect reams of information on borrowers, fields do not necessarily sync across platforms leading to data disparity. Creating a uniform set of rules for data across all platforms could dramatically improve the lending process and reduce transaction friction.

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