In-depth Guide to Digital Lending Cybersecurity in 2024
Interpol reports a 569% growth in malicious registrations, including malware and phishing, and a 788% growth in high-risk registrations. And it’s just the ones that were detected and reported. And since the trend toward the migration of businesses online, the potential for increased financial benefit will see cybercriminals continue to ramp up their activities and […]
Introduction to Factoring & Invoice Financing for Your Digital Lending Operation
Running a small business is hard enough as is. But the reality we live in is such that in addition to the challenges of finding customers, paying rent, controlling quality and delivery of goods or services, one has to deal with the fact that more or less 60% of invoices are paid late. The idea […]
How to manage AML and KYC as a digital lender in 2024
If you’re just planning to enter the digital lending market, regulatory compliance may seem like an insurmountable hurdle. But it’s not. In this in-depth guide we’ll break down what you need to know to safely become a digital lender and unlock the improved retention, profits, and client returns.   The key terms you will hear […]
How to Start Offering Consumer Financing Online in 2024
As a business owner, you want to convert and retain as many clients as possible. And some of them won’t be able to purchase your product in one payment. To build meaningful relations with the client and keep the economy working, consumer financing options are now more critical (and intuitive) than ever. In the increasingly […]
What You Need to Know About In-House Customer Financing & 4 Business Types That Will Benefit From It in 2023
Throughout the history of lending, it has gone through several stages of democratization. The big banks used to have a monopoly on selling quality credit products and people who didn’t want to go to a pawnshop had no other choice but to try and qualify for an unlikely loan from a traditional institution. But things […]
How to Launch and Grow a Peer-to-Peer Lending Business – 6 Critical Components
P2P lending isn’t a trend. It’s an entirely new delivery vehicle that’s here to stay. Borrowers have already pushed peer-to-peer loan volume close to the $1 trillion mark, but launching an infrastructure that supports investor/borrower matching can still be a complex undertaking. Alternative and digital lenders who understand online origination and payments processing are the […]
How to Choose the Right Lending Automation Software for Your Business
Traditional lending, with in-branch origination and manual paper-based processes, has collapsed with social distancing becoming the new norm. Now offering credit digitally is a matter of survival for lenders, not a nice-to-have. We surveyed 40+ decision-makers in the credit industry and even before the COVID crisis, 57.1% of lenders were actively working to start/continue the […]
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 digital lending technology delivers a borrower-centric experience and drives operational efficiencies. Digital lenders earn incremental revenue from new accounts (especially Millennials who have a higher lifetime […]
Lender’s Cyber Safety in a World of Cyber Criminals
Data protection is one of the top concerns in the banking industry, especially for lenders who rely on digital platforms to originate accounts and manage payments processing. The problem gets more complex – and more difficult to control – when employees use third-party document sharing platforms, and lenders engage in open banking systems.
Here’s How TurnKey Lender Helps You Save Operational Costs and Time (and Here’s How Much of Both)
Since entering the lending automation space in 2014, TurnKey Lender managed to become the industry standard by which the depth and quality of automation of a lending business can be measured. Some of the biggest benefits company’s clients boast include a significant portfolio growth, an increase in operational efficiency, and improvements in the clients’ lifetime […]
The Challenges of Running an Online Lending Business
Women in FinTech Friday Feature – Corinne Bartow
Meet Corinne Bartow, FinTech Partnerships at MX. We are excited to welcome Corinne to the LinkedIn Live stage Tuesday, April 13th at 12pm CST to share her passion and expertise as a leader in the FinTech space. Read more below on Corinne’s day to day and how she became a leading lady in the digital […]
