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Technology Innovations for Banks and NBFC's in Lending Operations
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Kris Frantzen Senior Product Manager – North America at Temenos
Kris Frantzen, Senior Product Manager – North America, Temenos 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 po...
29 February 2024 /retail
Retired Member
Card fraud has been around for almost as long as credit cards themselves. But since the U.S.’s first reported case in 1899,[1] fraudsters and their methods have become increasingly sophisticated and are constantly evolving. You’ll think you’ve heard it all. But if you’re a financial institution and a card issuer, there’s now more need than ever fo...
19 February 2024 /payments /crime
From evolving lending practices to new competition, and changing fraud risks and compliance needs, banks are constantly adapting to a shifting landscape. Below are 10 mega trends in banking: More RegTech Spending to Comply with Increasing Regulatory Scrutiny: With global financial regulations becoming more stringent, banks will also face increased ...
16 February 2024 /predictions
Marito Domingo Chief Finance Officer and Credit Officer at First Tech Federal Credit Union
With market volatility and economic uncertainty, selecting the right banking partner has never been more important for consumers. On the surface, banks and credit unions are both financial institutions that offer the same fundamental services – checking and savings accounts, home and auto loans, investment needs, etc. – but that’s where the simila...
09 February 2024 /retail
Andrew Fisher Chief Growth Officer at Aro
In a world where the financial landscape continues to evolve, the rigid nature of the current credit system is a significant roadblock to financial inclusion and growth. The one-size-fits-all approach to credit checking has left many consumers locked out of accessing essential financial resources at significant moments in their lives. And the cred...
18 December 2023 /people /inclusion
George Relish Editorial Director at Quidable
Student Loan Debt Crisis Worsens as Interest Rates Rise The student loan crisis is growing in the UK. In 2023, the average student loan debt was over £44,000 per student. Beyond this, rising interest rates mean that costs are rising even higher all the time. For many people, this means a lifetime of potential debt repayments. How did the situat...
11 December 2023 /wealth
Henning Holter Director, Business Development at Star Global
The rise of Buy Now, Pay Later services has brought forward a revolutionary approach to lending. So, how can the appealing features of BNPL be integrated into traditional lending? Considering BNPL is in effect akin to unsecured lending, and will serve the same purpose for many consumers, it should be a real eye-opener for how traditional lenders ca...
08 December 2023 /payments /retail
Emerging technologies in the financial sector have the ability to transform the customer experience. In the same way we have seen the payment of goods and services evolve from a separate activity to something that is now often fully embedded in the purchasing process, a similar shift is anticipated for lending. The incorporation of technologies, l...
07 December 2023 /payments /retail
Since the launch of ChatGPT in late 2022, generative AI has captured imaginations and fired debates across the world of business, asset finance firms included. Yes, there’s been a lot of hype and a lot of noise. But GenAI’s ability to process very large and diverse data sets and generate content in accessible and easily usable formats (including c...
16 November 2023 /markets /predictions
Steve Sabin SVP, Division Executive, Lending at FIS
On the face of it, the future is looking rosy for the commercial loan syndication market. But behind the scenes, you’ll find systems and processes that are firmly stuck in the past. And for fintech providers, it’s a problem that can’t be solved alone. Business booms – but operations stall At October’s 2023 Loan Syndication and Trading Association (...
15 November 2023 /retail /wholesale
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