Alternative banking options, such as online lending and fintech, are rapidly becoming some of the fastest growing financial services sectors. A recent trend report by Clarity Services, a credit reporting provider, showed that online funded loan volumes grew by almost 500% between 2013 and 2017.
Digitization has given consumers the upper hand in their relationships and interactions with companies. Consumers are demanding and receiving better experiences because of it, and they have more insight in and control of those interactions. Consumers not only expect better digital experiences and engagement, but aren’t afraid to change providers based on their experience.
Non-traditional loan services are embracing the future of technology. Crowdfunded loans have saved lives and rescued businesses. With the right software, it’s now easier than ever to lend money to the right people at the right time. And when they succeed, you succeed. According to SingularityHub, the industry has climbed to $21 billion, which consists […]
Consumer data and credit scores do more than help people get credit cards, they also provide valuable insight that helps consumers access necessities such as housing, employment, and utility services. The increased demand for credit information has directly affected the growth of many companies, especially the three primary credit bureaus (Equifax, Experian, and TransUnion), each of which now has a market capitalization in excess of $10 billion.
Online lending’s speed advantage has led to a growing problem: a type of fraud called loan stacking.
Back in the day, to get a loan you’d have to visit a bank branch. You’d have to sit before a loan officer, in anxious anticipation of whether you’d make the grade.
While I was in Tel Aviv last week to speak at Viola Group’s annual LP meeting, I took advantage of the opportunity to host a number of innovators for a roundtable discussion. Together with my co-hosts Nir Netzer, Evyatar Natan and Tal Sharon from Equitech, I sat with a diverse set of Israel-based start-ups including […]
Thanks to everyone who joined us at LendIt Fintech Europe 2018. Below you will find all of the presentations from the event. You can also view the photos from LendIt Fintech Europe 2018. Keynotes Joel Perlman, OakNorth Holdings – The OakNorth Growth Story – from Startup to Profitable Unicorn Presentation June Ou, Figure – Blockchain: Creating the Future of Financial […]
LendIt Fintech Europe blew the audience away at last month’s 2018 event edition in London. Whether you were there and want to re-visit some of the sessions, or if you were unable to attend but still want to benefit from the amazing content that was on offer, we thought you’d like to know that videos […]
LendIt Fintech is a key platform for financial services innovators to share important news. Check out the announcements released today by some of our valued attendees. Armada Labs Partners with Worldpay Find out more about how this partnership with Worldpay, a payment processing institution, will allow Armada Labs’ clients to utilize expertise of both companies […]
[Editor’s note: This is a white paper from Brocc. Brocc is a bronze sponsor at LendIt Fintech Europe 2018, which will take place on November 19-20, 2018 in London.] The consumer credit market in Sweden is a relatively large and growing market. The total loan volumes amount to approximately Bn EUR 23, distributed among 1.4 million individuals. According to the Swedish central bank, the […]