Resources

 As the world continues to undergo a rapid digital transformation, e-commerce has become an indispensable aspect of our daily lives. 

The financial industry is undergoing a transformative shift with the rise of open banking. In a recent development, open banking providers MX Technologies and Finicity have been approved by the Fair Credit Reporting Act (FCRA) for credit decisioning.

In the wake of the shut downs of Signature Bank, Silvergate Bank, and Silicon Valley Bank shutdown, banks and fintechs need to be prepared for more fraud.

Stricter credit requirements as a "top-down" approach has helped mitigate some economic risk, and yet it has left many companies struggling to overhaul their approach to credit risk assessment.

The Banking-as-a-Service (BaaS) market is profoundly impacting the financial service industry, with a projected market size of $48.40 Billion by 2030. The rise of BaaS has pushed traditional banks to adapt and digitalize their services, resulting in more partnerships between banks and fintech organizations. This has led to greater innovation and a changing regulatory landscape.…

The Increased Popularity of Banking-as-a-Service Banking-as-a-service (BaaS) has become increasingly popular recently, with the rise of fintech and other non-traditional financial service providers. BaaS is not a new concept, but recent technological advancements and changes in customer behavior have accelerated its growth. The COVID-19 pandemic has also changed how people interact with financial institutions, as…

 On this episode of The Lending Link, we delve into the rapidly growing world of Buy Now Pay Later (BNPL) services. With the BNPL market expected to reach a staggering $467.34 billion by 2026, this innovative payment option is changing the way consumers approach shopping and financial management. 

Buy Now Pay Later (BNPL) has become a buzzword in consumer finance, taking the market by storm. This innovative payment solution has gained widespread popularity among shoppers seeking flexible ways to manage their finances.  

In the fast-paced digital landscape, banks are constantly looking for ways to offer more value to their customers. One way to do this is by providing financial services through Banking as a Service (BaaS) partnerships. BaaS enables companies to leverage the capabilities and resources of established banks, allowing them to offer a wide range of…

The use of trended data in lending has gained popularity in recent years. This is due to recognizing the benefits of using this type of data, making more informed lending decisions, and identifying patterns of financial behavior that may not be apparent from a traditional credit report.  

U.S. consumers are continuing to use their credit cards despite the economic slowdown. In the latest quarter, spending on Visa credit cards saw a 9.5% YoY increase, while MasterCard saw an even bigger jump of 14%. This growing trend outpaces inflation and is due to the enduring appeal of credit cards.

 In the digital era, personal lending products emerge daily from various banks, credit unions, and fintech companies. When it comes to the U.S. and Canadian markets, it is critical to understand the full credit lifecycle of lending and risk management to remain agile and competitive.  While the countries may share a border and many…