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Technology Innovations for Banks and NBFC's in Lending Operations
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Nick Green Director at Purple Patch Broking Ltd
Many financial institutions shy away from multi-bureau strategies, fearing complexity and cost. What if we told you that not only is a multi-bureau approach achievable, but it can also significantly enhance your AI model performance while potentially reducing costs? In this post, we'll show you how to maximise your AI's potential with multi-bur
26 September 2024 /ai /retail
Steve Sabin SVP, Division Executive, Lending at FIS
In case you hadn’t noticed, technology has made huge advances over the last 10 to 15 years. In all that time, however, the commercial loan syndication market has resisted the pressure to digitally transform. Until recently, there’s been enough profit margin to support the heavily manual, labor-intensive processes that still underpin syndicated lend...
07 June 2024 /markets /predictions
Adam Hughes CEO at Amount
As financial institutions look forward to setting their strategies for 2024, many are now working under the assumption that the elevated interest rate environment will be the new normal for the foreseeable future. For the small business banking sector, things at first glance may seem particularly grim. A survey of senior loan officers by the Federa...
23 May 2024
Abhishek Bhasin Founder at Data for Inclusion
99% of all the US businesses are small businesses. These 33 million plus businesses employ more than 61 million Americans. They are hotbeds of innovation and growth engines of the economy. US SBA data shows that almost two-thirds of net new jobs over the last 25 years have been created by small businesses, approximately 13 million jobs. Even durin...
22 May 2024 /ai /inclusion
Mayuri Jain DGM Growth & Strategy at Persistent Systems
From the moment a borrower expresses interest in getting a loan to the final repayment, a bank’s communication strategies shape the customer’s perception of its lending process. Many financial institutions underestimate the impact communication can have on their ability to deliver a positive experience. The moment a borrower feels confused or stre...
14 May 2024 /people /cloud
Building societies are a vital part of the financial services industry, known for their mutual model that prioritizes the interests of members and local communities. Many have been serving their communities for over a century, offering innovative mortgage and savings products. However, in an era where technology evolves rapidly, staying relevant a...
13 May 2024 /cloud
John Tilzey Sales Director at Finova
Technology is always marching onward, and the savings sector is no exception to the rule. Over the past five years, new savings tools and platforms have spread like wildfire, each aiming to connect savings providers with better infrastructure. But the emergence of aggregators and savings platforms has added another layer of complexity, one that we...
29 April 2024 /payments /retail
Varun Ghai AVP & Head of Business UK & Europe at Newgen Software Technologies (UK) Ltd
If your organization is still investing “Months and Millions” in building customer journeys & process automation, then it is time to wake up. By the time your automation is ready, the time for the next change will have already come and you will be forced to ask for your next automation budget. In today's dynamic business environment, with redu...
11 April 2024 /regulation /retail
Matt Riggall Head of Commercial Lending Vertical, Cap. Markets at FIS
The “five Cs of credit” have stood the test of time for decades as basic guidelines for how lenders assess credit. Whether you’re assessing individual or commercial borrowers, these core criteria of capacity, character, collateral, capital and conditions are just as relevant today as they were 20 or even 30 years ago. But do the five Cs need moder...
29 March 2024 /markets /predictions
From macroeconomic shifts to advances in technology, the big drivers of global change continue to have a major impact on the world of commercial lending. And in a pivotal time for the market, three trends in particular are worth your attention. 1. The lending market is generally anemic Persistently high levels of inflation have gradually taken thei...
27 March 2024 /markets /predictions
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