Artificial Intelligence Means Better Customer Retention for Lenders
Cracking open multiple data sources can also help lenders spot would-be borrowers worth lending to, even if they have scant credit histories. When you think about it, the key to customer retention is the “Golden Rule,” a maxim found in cultures around the world stretching clean back to ancient Sumer. In modern English, the saying […]
Retailers Face Choices When It Comes to Point of Sale Lending
In outline, POS installment loans harken back to the store-credit and “layaway” plans that householders commonly used to fund big and not-so-big purchases in the 1950s and 1960s. Unsecured lending is booming, with point-of-sale, or POS, installment-financing at the forefront of this retail revolution. In turn, POS financing — which comprises a market worth more […]
