Credit Lending
While today’s consumers expect a smooth, frictionless digital experience, many financial institutions still rely on outdated technology and manual reviews to acquire new customers....
Today’s lenders use expanded data sources and advanced analytics to predict credit risk more accurately and optimize their lending and operations. The result may be...
If you’re a manager at a business that lends to consumers or otherwise extends credit, you certainly are aware that 10-15% of your current...
With great risk comes great reward, as the saying goes. But when it comes to business, there’s huge value in reducing and managing that...
In a series of articles, we talk about different types of fraud and how to best solve for them. This article will explore first-party...
Model governance is growing increasingly important as more companies implement machine learning model deployment and AI analytics solutions into their decision-making processes. Models are...
From science fiction-worthy image generators to automated underwriting, artificial intelligence (AI), big data sets and advances in computing power are transforming how we play...
This article was updated on September 8, 2023. Prescreen, prequalification and preapproval. The terms sound similar, but lenders beware. These credit solutions are quite...
In the fast-paced world of lending and financial services, digital income verification processes play a crucial role in assessing customer eligibility and mitigating risk....
Investing in a strong customer acquisition strategy is critical to attracting leads and converting them into high-value customers. In this blog post, we’ll be...
It’s no secret that the banking industry is essential to a thriving economy. However, the nature of the industry makes it prone to various...
Evolving technologies and rising consumer expectations for fast, frictionless experiences highlight an opportunity for credit unions to advance their decisioning and stand out in...
More than half of U.S. businesses say they discuss fraud management often, making fraud detection in banking top-of-mind. Banking fraud prevention can seem daunting,...
Credit risk management best practices have been established and followed for years, but new technology and data sources offer lenders an opportunity to refine their credit...
In a changing economy, banks of all sizes are more budget conscious, leading many to pull back on their marketing spend for new customer...