The world of investing and borrowing hasn’t been immune to change. And peer-to-peer lending is one of the fastest growing trends in the world of finances right now. As more and more people start to question the reliability of traditional banks, many of them turn to alternative ways to make money. And whereas before the rise of FinTech, p2p was only possible within a rather small community, with the modern lending platforms the concept can finally scale.
February 18th, 2019
How Lending Automation Helps Make the World a Better Place
Like it or not, lending is one of the vehicles of progress. Thanks to lending, people get funding for their ideas, their entrepreneurial dreams, and business expansions, families get their first homes and a teenager gets their first car. And like all the other financial products and services, lending is evolving.
February 14th, 2019
Direct Lending: Manage the Risks, Reap the Rewards
Direct lenders are well positioned to capitalize on the growing demand for non-bank loans. Consumer and SME borrowers are turning away from big banks because traditional lenders are declining more loans than they approve. Direct lenders who understand the dynamics of non-traditional funding can earn superior returns on their portfolio, without taking on undue risk.
February 7th, 2019
The Digital Lending Landscape is Rapidly Changing – Here’s How to Adjust
Innovation is easy for no one. But staying in the comfort zone of outdated interfaces and technologies isn’t an option. With new players entering the lending arena and technology becoming more advanced and accessible, the speed of innovation has to grow as well.
February 4th, 2019
Steps of the Lending Process You Can and Should Automate on 2019
The belief that alternative lenders can’t compete with large-scale financial institutions simply isn’t true anymore. And one of the main reasons for it is technology. Big banks often choose to create their own custom solutions and support tons of legacy code. That’s where alternative lenders can gain a competitive edge by deploying an advanced LaaS platform that has all the functionality out of the box.
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January 31st, 2019
What You Need to Know About AML and KYC As a Lender
Some alternative lenders still don’t have a clear understanding of what KYC (Know Your Customer) and AML (Anti-Money Laundering) rules are and how to work with them. The short explanation would be that AML is the overall governance framework aimed at preventing money laundering and other crimes. While KYC is a set of processes and tools within the jurisdiction’s AML framework. But to work with those regulations one needs to know a little more. So let’s dig right in.
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January 23rd, 2019
Case Study 2: How CaixaBank Improved Profits by Maximizing LTV
CaixaBank operates the largest retail banking footprint in Spain. Due to the high marketplace penetration, the key business challenge for them was sustaining long-term growth. The solution they came up with was their unique Click & Go loan. The product maximizes internal growth potential by targeting current customers with pre-approved, instant credit. As of now, this wildly successful program already accounts for 30% of CaixaBank’s personal loan portfolio.
December 6th, 2018
Regulatory Compliance: 2019 Updates for Lenders
Remember this time last year? It was all-hands-on-deck for GDPR. Everyone working overtime to resolve a myriad of deployment details. Luckily, we don’t anticipate a regulatory compliance event of that scale in 2019. However, it’s important to understand the impact of the new rules on your individual lending operation, because smaller enterprises may be exempt from many of the new guidelines.
November 7th, 2018
Digital Lender’s Secret Weapon: Faster, Better Credit Decisions
Digital lenders are rewriting the book when it comes to better credit decisions. They approve more loans, apply more accurate interest rates, and increase portfolio yield – without taking on additional risk. Read more…
October 23rd, 2018
Digital Lending ROI: Positive Return on Technology Investment
Many lenders, especially credit unions and small local banks, lag behind when it comes to financial technology. It’s a short-sighted business strategy. Cost-benefit analysis shows a positive ROI when Read more…
September 24th, 2018
Case Studies: Meritrust Credit Union Tripled Productivity with Automated Originations Platform
Unlike TurnKey Lender, which by any measure is still very young (we’re turning five soon, yay!), Meritrust Credit Union was founded way back in 1935 in Wichita, Kansas in the central plains section of the United States. Read more…
September 7th, 2018
Regulatory Compliance: Checklist for Online Lenders 2019
Alternative lenders tend to push regulatory compliance to the back burner as they prioritize technology trends, marketplace evolution, and threats from new competitors. Read more…
