Home > Resources > Videos > "Driving profitability in lending through technology and data"

"Driving profitability in lending through technology and data"

"The financial crisis saw a large number of firms suffer huge losses through a manual and disjointed approach to approving credit. Fast-forward to 2016, and things have shifted substantially. Government regulatory changes have demanded innovation – and marketplace lenders have risen to the challenge by using predictive modeling, data aggregation, and electronic payment technology to assess the financial health of consumers and small businesses. But these innovations don’t just help with compliance; new lending tech dramatically improves the customer experience by demonstrating that a lender truly understands the consumer’s credit needs. To this end, the industry is moving toward developing a single, unified view of the consumer – incorporating personal, transactional, application, and product-selection data collected from financial institutions – and using this data to perform rich analytics and needs assessment for borrowers. So armed, new-age lenders can leverage this alternative data to cross-sell other credit products at key decision points during the loan-application process – a win-win for both borrowers and lenders. In this webinar you'll: * Learn the trends driving change in marketplace lending and credit risk management * Build more accurate predictive ratings models based on alternative data sets * Get insight into the future of marketplace lending and credit risk management Speakers: * Scott Crawford, VP of Product and Marketing, Ascend Consumer Financial * Krishna Venkatraman, SVP of Data and Analytics, OnDeck * Terrence McKeown, Practice Manager, Credit Analytics, Envestnet | Yodlee * Evan Schuman, Moderator, VentureBeat "

Spotlight

Debit Finance Collections Plc

At DFC we do things differently. We use the latest technology, and a belief in total transparency, to process Direct Debits for thousands of happy clients.Why we are so different? At DFC, we offer a totally transparent service, with clear pricing and no hidden extras

Positioning Your Financial Institution for Business Banking Success

video | August 21, 2023

Winning the hearts and wallets of small businesses is a key focus are for most banks and credit unions. In fact, 85% of banks believe greater success with small businesses is critical to their overall success and credit unions are increasingly more commercially-focused than ever before. Hear from Christine Barry, Head of Banking & Payments Insights for Aite-Novarica Group on key areas where small financial institutions should focus on and invest to be more successful and win market share....

Watch Now

Always Compliant Cross-Border Payments

video | July 25, 2023

International payroll can be complex. The actual process of holding and transferring funds across borders is even more so. Papaya Global is the only global payroll and payments provider licensed for international fund transfers. Our platform ensures punctual, accurate, and compliant payroll payments. Andrea Weisberg, Papaya’s Payments Operations expert, discusses why our integrated finance platform is essential to full compliance in cross-border workforce payments....

Watch Now

Unleashing the Power of UPI in Fintech

video | July 28, 2023

In our latest episode of Digital Decode, Prawal Sharma delve into the transformative impact of the Unified Payments Interface (UPI) on the fintech industry in India. From enabling over 350 million transactions daily to account for nearly 40% of all retail digital payments, UPI has become a defining force in the payment systems landscape. But how does it work? And how has it revolutionized the payment system? Join us as we explore the effectiveness, agility, and potential of UPI and how it has led to the development of various value-added services, from bill payments to mutual fund investments....

Watch Now

How Fintech Startups are changing the game

video | July 27, 2023

Embracing the Fintech Revolution Discover how fintech startups are reshaping finance with cutting-edge solutions for payments, lending, insurance, and wealth management. From AI to blockchain, witness the future of finance unfold!...

Watch Now

"Driving profitability in lending through technology and data"