Banking fraud is on the rise. In fact, 35% of banking customers recently surveyed by J.D. Power reported experiencing at …
10 CREDIT RISK MANAGEMENT STRATEGIES
Credit risk management is paramount for lenders as it directly impacts their financial stability and long-term success. It helps lenders …
CREDIT RISK MANAGEMENT CHALLENGES & HOW TO OVERCOME THEM
Lenders face numerous credit risk management challenges. One big challenge is assessing borrowers’ creditworthiness accurately, which requires understanding their financial …
BANKING FRAUD DETECTION & PREVENTION: TIPS FOR LENDERS
The ease of committing fraud using online resources has made banking fraud detection necessary for loan origination.
INCOME MISREPRESENTATION AND AUTO LOAN APPLICATION FRAUD
Countless auto loan applications are processed monthly. With today’s technology, some lending decisions are near-instantaneous, either automatically approving or declining. …
HOW OUTSOURCING ACCOUNTS RECEIVABLE AND COLLECTIONS IS ADVANTAGEOUS FOR AUTO LENDERS
Unlike loan originations which has a relatively short start to finish cycle and uses automation extensively to bring consistency and …
WHEN CHOOSING A THIRD-PARTY BPO OR MANAGED SERVICING PROVIDER, LOOK FOR INDUSTRY EXPERIENCE
Business process outsourcing has been widely adopted across all industries, from the simple outsourcing of activities, such as accounts receivable, …
AVOID LOAN OUTSOURCING MISTAKES WITH THESE PLANNING TIPS
Many lenders, specifically those solely focused on auto lending, are considering loan outsourcing to improve operational efficiency and simultaneously reduce …
HOW MANAGED SERVICING BPO EASES THE COLLECTION PROCESS FOR AUTO LENDERS
Approximately 90% of new retail auto sales are financed via a lease or loan, and at the moment, Americans owe …
SELECTING AN AUTO LOAN ORIGINATION SYSTEM: WHAT BANKS SHOULD LOOK FOR
Modern auto loan origination software is making it easier than ever for banks to respond to loan applications rapidly and …
AUTO LOAN FRAUDS: TIPS FOR IDENTIFICATION AND PREVENTION
With technology growing and evolving by the second, fraud is more prevalent than ever. In its July 2020 white paper, …
INTEGRATED BANKING FRAUD DETECTION SOFTWARE
With seismic enhancements in fraud detection software, banks can now catch fraudsters quicker while improving the flow of non-fraud borrowers. We’ve detailed the reasons why financial institutions should upgrade, along with eight fraud detection software must-haves for your organization.
