How can future-ready technology help credit unions to stay ahead.
In the fast-paced financial services market, adaptation is imperative to avoid being left behind. Credit unions face significant challenges such as evolving member expectations, rising regulatory costs, and the obstacles posed by legacy systems. Staying abreast of changing member preferences and dynamic technology can feel overwhelming. However, many credit unions have been slow to embrace […]
Enhance customer experience with digital transformation
Customer experience plays a crucial role in any business. However, many companies worldwide fail to prioritize the customer at the center of their operations. Instead, they focus on leveraging new technologies to streamline processes and cut costs. To truly transform the customer experience, it is essential to gain a deep understanding of customer preferences and […]
Navigating Inflation – challenges and opportunities to Fintech firms
The world is staring at an economic downturn due to the severe health and financial shocks inflicted by the pandemic and the massive economic disruptions triggering the Russia-Ukraine war. The current economic scenario has the potential to send some FinTech firms into hypergrowth and others into ruin. Global inflation is continuing to rise, but what […]
Navigating Inflation – challenges and opportunities to Fintech firms
The LendTech Collective Insights to stay ahead! Bimonthly Newsletter | Sep 2022 | Issue 120 Featuring Focus On Navigating Inflation – challenges and opportunities to Fintech firms The world is staring at an economic downturn due to the severe health and financial shocks inflicted by the pandemic and the massive economic disruptions triggering […]
Lending without a credit history: Empowering borrowers.
In the realm of credit history, traditional data often overlooks credit invisibles, underserved individuals, and new borrowers who are in dire need of financial products. Additionally, the extraction of traditional credit data poses challenges, making it arduous for financial institutions to extend credit to the unbanked population. This raises a crucial question: How can we […]
Embrace digital onboarding and enhance customer acquisitions
In today’s digital era, attracting, acquiring, and onboarding new customers through digital channels
Taking digital identity verification to the next level with AI
The LendTech Collective Insights to stay ahead! Bimonthly Newsletter | July 2022 | Issue 119 Featuring Focus On Intelligent Security – taking digital identity verification to the next level with AI Loan application fraud is a lender’s nightmare. It’s a real issue faced by many financial firms. It is estimated that financial institutions lose […]
Early Warning Solutions for Non-Performing Assets
The consumer lending business is centered on the notion of managing the risk of borrower default. The increasing concerns around Non-performing Assets have stressed the entire financial system. NPAs are one of the significant challenge lenders faces, and an immense need to strategize and implement a comprehensive approach to managing NPAs has risen. Lenders must […]
Cloud Collaboration: Solution to Increase ROI and Boost Agility to Credit Unions
In today’s fiercely competitive market, Credit Unions face the challenge of proving their mettle against the rising presence of FinTechs and digital banks in the financial institution space. However, many credit unions find themselves constrained by outdated core systems that impede their ability to drive effective digital transformation. This is where cloud collaboration emerges as […]
Digitalization Unleashed: Revolutionizing Lending with AI.
The coronavirus crisis has escalated the need for financial institutions to digitise their processes. The digitalisation of a financial institution’s lending process is no longer an option, but a requirement in this current economic climate. Firms must consider the compelling benefits of artificial intelligence (AI) when digitalising their credit process to overcome the COVID-19 economic […]
