Who Will Own the Marketplace During and After the 2020 Crisis: Lending Market Predictions
Even without the global health pandemic and economic crisis, 2020 was set to be a dynamic year for the financial industry. Fintech and digital lending were quickly pushing out some of the traditional financial services and products but the process wasn’t yet disruptive. Now, with the new reality kicking in faster than ever before, all […]
How Much It Costs to Digitalize a Lending Business
To get into the real lending game thirty years ago, one needed immense resources. And not just loads of cash available for crediting, but also money for opening and maintaining offices and branches, originators, servicing managers, underwriters, collectors, analysts, etc.
How Can Your Lending Business Benefit from Open Banking – From the Basics to Specifics
Open banking has turned financial services upside-down and inside-out. These data-driven programs cater to consumer needs and wants, instead of pushing out prepackaged products and services. What started as a regulatory directive in the UK has opened up a whole new world of opportunity for consumers and innovative lenders.
Why a Monolithic Enterprise Solution Is the Right Way to Go for Your Lending Operation
The global digitalization is defined by the all-consuming drive to agility and quick solutions’ delivery. Companies recognize the need for wholesome automation for them to stay on the market, yet there’s still no definitive answer on whether it’s better to use monolithic or microservices architecture for a project. And the fact is that it depends.
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 But staying in the comfort zone of outdated interfaces and technologies isn’t an option.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.
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, […]
Regulatory Compliance: 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 […]
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
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.
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.
Lenders Beware – New Competition from Unusual Directions
There’s rapid-fire change in the lending industry with new competitors emerging on a daily basis. Some of this competition comes from unexpected directions like e-commerce platforms, rideshare apps, and Wall Street giants
TurnKey Lender’s Elena Ionenko and Dmitry Voronenko on 2018 SBR’s 20 Hottest Startups Briefing
The annual Singapore Business Review’s 20 Hottest Startups Panel Briefing is one of the most representative and influential business gatherings in Asia.
