Lending software blog

Pros and Cons of Peer-to-Peer Lending for a Small Business

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.

Read more…

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.

Read more…

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.

Read more…

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.

Read more…

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.

Read more…
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.

Read more…

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.

Read more…