The Real Cost of Online Lending Fraud
According to a study by Experian, 63% of businesses experienced the same or more fraud losses in 2018, with a plurality of 33% experiencing higher losses. In online lending, the trend was particularly pronounced.
[Video] Our Advice to Conference Attendees
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As we get closer to the launch of LendIt Fintech’s biggest conference of the year, we wanted to quickly share with you three strategies for maximizing your time. Network like a champion Number one, without a doubt, is taking a systematic approach to networking. Conferences are good for those random collisions between industry professionals, but they […]
[Video] CEO Roundtable, Dublin
I have just completed a three-city tour in the UK and Ireland, including Dublin, Edinburgh and London, to check in on our fellow fintech entrepreneurs and and financial service leaders. I visited with executives from the very smallest to the very largest banking corporations in the world. It was a brilliant trip, and I’m […]
How Salesforce Can Support Banks Becoming Living Businesses
As part of Accenture’s “Banking as a Living Business” series, this report outlines how the Salesforce Customer Success Platform can help banks become hyper-relevant to their customers and drive revenue in a low-growth environment.
The State of Digital Engagement for Online Lending
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.
Empowering Consumers through Financial Data Control and Permissioning
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.
Chetu and the Alternative Lending Industry
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 […]
Beyond the Credit Score: What’s Next in Consumer Credit Management
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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.
The Growing Trend of Loan Stacking (and How to Fight Back)
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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.
CEO Roundtable, Tel Aviv
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 […]