Resources

 By end of this year, fraud is projected to cost U.S. businesses roughly $2.5 Billion, with some research suggesting that figure could rise as high as $5 Billion by 2025. There’s no doubt that every business is vulnerable to fraud, due largely to the numerous ways in which scammers can attack your organization. So…

As much as lending has changed in the last few years, its  fundamental tenet—putting the customer at the center of every choice—remains unchanged. Nevertheless, the last few years have brought an abundance of changes fueled by digitisation and the adoption of big data.

Shortly after the 2008 financial crisis, a new phrase emerged, and we were quickly introduced to the thriving “Fintech” industry. When it comes to financial inclusion, the more approachable you are, the more success you will have.

 There is little doubt that having to deal with a global pandemic for a few years has altered the behaviors of both consumers and lenders.

 You’re tuning in and syncing up with The Lending Link, GDS Link’s brand new industry podcast designed for the modern-day lender.

Taking a Deeper Dive into the Future of Data, Decisioning and Credit Risk Solutions GDS Link is delighted to announce their new podcast, The Lending Link, is launching in September.

GDS Link is attending FinovateFall in New York City and Lend360 in Chicago from September 12-14, and we’re happy to be back, live and in-person — ready to reconnect face-to-face with the FinTech and lending community. Check out these essential event details below:

Marketing dynamics have evolved significantly over the past few decades. Previously, various bank marketing strategies were solely implemented to create brand awareness. But now marketing involves providing a value proposition, being relatable, and generating trackable revenue. 

Significant losses can dramatically undermine a lender’s ability to remain competitive. Reducing default is business-critical — and it must start at credit decisioning.

Banks, credit unions, and alternative lenders are increasingly inundated with loan applications for a variety of purposes that range from home mortgages to business lines of credit. In 2020 alone, financial institutions reported over 22.7 million home loan applications under the Home Mortgage Disclosure Act.

It’s no secret that the effects of high inflation are being felt throughout the country. To combat a sharp spike in inflation, the US Federal Reserve has increased its key short-term interest rate twice this year with the latest by half a percentage – a first in almost 22 years.

Any organization that’s lending money or extending credit needs a credit risk management framework to protect itself, as well as assess credit risk. Without a framework, it’s easy to become overextended on financial obligations and put your organization at a greater chance of finding itself in the hole.