Capturing Benefits of PSD2 in a New Regulatory Environment
PSD2 or payment service directive is the second attempt by the European Commission to regulate the rights and obligations of banks to provide the customers with better and safer services. The directive has come to change the ways how customers interact with banks...
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Consider These 8 Factors Before Choosing a Loan Management System
The requirement of lending businesses to have an agile and user-friendly lending solution has moved beyond a functional need to a strategic requirement. Paper-based system or spreadsheets have become obsolete and no longer meets the rising demands. Businesses need a...
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What Role Can Machine Learning Play in Reshaping Lending?
The banking and finance industry has continued to grow, and its lending practices are evolving rapidly. In the past, banking was limited to branches that follow manual processes to approve and grant loans. It was a long and tiring process to obtain a loan. However,...
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Why Do You Need to Re-Evaluate Your Credit Scoring Process?
Lending as a dynamic industry has been subjected to numerous upgrades in terms of methodology. One needs to stay updated with the latest technology trends in order to stay relevant. Traditionally, lending companies have been evaluating their customers on the basis of...
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5 Major Factors Driving Fintech Growth
According to the report issued by KPMG, “In the first six months of 2018, global investment in fintech has hit $57.9B.” Fintech has emerged as a powerful sector driven by the adoption of cutting-edge technologies and alternative finance. Most of us will agree, fintech...
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A Complete Guide to P2P Lending Business
With the massive potential in the marketplace lending, there has been significant growth in the number of entrants in the market. Peer-to-peer lending allows people to avail easy loans at low interest rates. It also presents an opportunity to avail loans for the...
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5 Critical Points That Explain PSD2 in a Nutshell
PSD2 or Second Payment Service Directive was implemented in Europe with an aim to create safer payments and offer improved financial services to the customers. The regulation came into effect on 13th Jan 2018 and simplified rules and regulation for payment services...
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Rule-Based Credit Scoring for Better Evaluation
A credit score is crucial for lenders as it gives a fast and objective measurement of the creditworthiness. In today’s world, lending companies must make accurate credit decisions while offering loans to its customers. A detailed and consistent analysis must be...
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Growing Importance of Data Protection in Modern Lending Industry
The modern lending business is attracting more and more attention as digitization is sweeping through all aspects of our lives. This increased interest has led to ‘data explosion’ with the amount of financial data being produced online. Technological advancements...
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How Technology is Streamlining the Lending Sector
Technology has revolutionized every industry by making the things quicker and effortless. Everything including the way we operate our businesses and deliver products to consumers can be done in a matter of clicks. One industry that has witnessed massive innovation in...
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