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. …
CREDIT UNDERWRITING USING AI: WHAT TO EXPECT
In the financial industry, lenders use credit underwriting to assess the creditworthiness of borrowers. Advances in artificial intelligence (AI) make …
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 …
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 …
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 …
LOAN ORIGINATION & RISK MANAGEMENT: WHAT LENDERS NEED TO KNOW
The ease of committing fraud using online resources has made banking fraud detection necessary for loan origination.
HOW TO RESPOND TO CAR LOAN DELINQUENCY RATES IN 2023
Car loan delinquency rates are rising, surpassing levels last seen during the Great Recession of 2008-09. Account delinquency rates of …