Updated on 2/26/24 By leveraging modern technology, financial institutions can make daily interactions with their customers frictionless and effortless. Technology …
CREDIT UNDERWRITING FRAMEWORK: KEY COMPONENTS TO CONSIDER
A well-defined credit underwriting framework is essential for responsible lending and risk management. To meet the challenges of an ever-changing …
CUSTOMER EXPERIENCE TRENDS IN BANKING: WHAT TO EXPECT IN 2024
In 2024, customer experience in the lending industry will be driven by technologies that reduce friction and improve customer satisfaction. …
DIGITAL ORIGINATION: 8 BENEFITS TO SPEED UP YOUR APPROVAL PROCESS
Information technology (IT) has transformed all aspects of the lending sector, streamlining processes to benefit both lenders and borrowers. Banks, credit unions, and other lending institutions can now offer their customers additional services while making their operations more efficient.
COMMUNITY BANK TECHNOLOGY TRENDS FOR 2024
Community banks are unlike any other financial institution. They truly understand the individual needs of small businesses and the community …
LOAN PORTFOLIO RISK ASSESSMENT: A GUIDE FOR LENDERS
Lenders face an uncertain financial market in a constantly changing global economy. To negotiate this dynamic milieu, lenders need to …
CREDIT OPERATIONS IMPROVEMENT IDEAS FOR BANKS & CREDIT UNIONS
Banks and credit unions face economic uncertainty, evolving regulatory requirements, and technological disruptions in their credit operations. Credit risk assessment …
HOW TO PREVENT LOAN DELINQUENCY: 10 STRATEGIES FOR LENDERS
Auto loan delinquency rates have reached their highest levels since the 2008 recession, according to a report by S&P and …
ACCOUNT TAKEOVER FRAUD PREVENTION FOR LENDERS
In an account takeover, an individual or well-organized cartel obtains access to a consumer’s account, changes login credentials or personal data, then makes unauthorized transactions using that account. Unauthorized purchases, transfers of funds, and cancellation of payments can quickly lead to financial ruin for the consumer and reputational damage for the business that failed to prevent it.
LENDING RISK ANALYSIS: KEY CONSIDERATIONS
High inflation, rising interest rates, increasing consumer debt, supply chain issues, and the most significant conflict in Europe since World …
