Resources

Automation of Consumer Lending and Clearing Shifting consumer expectations have put banks and credit societies at a crossroads.

Digital Lending Software Data may not be the first thing to spring to mind when you think about digital lending. There’s a good chance you imagine creating online portals that allow for strong user experiences, developing an app for mobile interactions or creating policies and procedures that ensure regulatory compliance while moving lending processes online.…

Making a move to digital lending is increasingly critical for banks and credit societies trying to keep up with fintech disrupters. But while small, dedicated online lenders don’t face the strict regulations that banks do, traditional firms must find ways to innovate that align with strict standards governing both internal policy and industry regulatory compliance.…

Banks, credit societies and other traditional financial services firms have been facing a growing challenge from the fintech small business lending sector. The large role SMBs play in the economy makes them a natural customer for financial services. However, the fairly high volume of small business loans that represent a relatively low dollar amount creates…

Credit Risk Management Tools for Lenders With the global financial crisis still recent, credit risk management is still the focus of intense regulatory scrutiny. While stricter credit requirements as a “top-down” approach have helped mitigate some economic risk, it has left many companies struggling to overhaul their approach to credit risk assessment. In the scramble…

Loan origination software that offers automated credit decisioning capabilities can allow lenders to develop smoother business processes, though in the wake of the financial crisis several years ago, some lenders are still hesitant to rely on process automation solutions.