Below you'll find a list of all posts that have been categorized as “Banking”
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 banks are unlike any other financial institution. They truly understand the individual needs of small businesses and the community …
Lenders face an uncertain financial market in a constantly changing global economy. To negotiate this dynamic milieu, lenders need to …
Banks and credit unions face economic uncertainty, evolving regulatory requirements, and technological disruptions in their credit operations. Credit risk assessment …
Auto loan delinquency rates have reached their highest levels since the 2008 recession, according to a report by S&P and …
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.
Banking fraud is on the rise. In fact, 35% of banking customers recently surveyed by J.D. Power reported experiencing at …
Credit risk management is paramount for lenders as it directly impacts their financial stability and long-term success. It helps lenders …
The ease of committing fraud using online resources has made banking fraud detection necessary for loan origination.
Loan origination KPIs (key performance indicators) are crucial metrics lenders use to assess the efficiency and effectiveness of their lending …
Digital lending in banking offers financial institutions several powerful benefits, including better decisions, improved customer service, and cost savings. Implementing …
In our work with community banks, many have voiced the need for greater efficiency in handling high-volume, repetitive loan servicing processes. We’ve identified three compelling reasons why community banks are outsourcing loan servicing.
