Banking and Lending Solutions

Technology Innovations for Banks and NBFC's in Lending Operations

Oleg Gordieiev CEO at MD Finance

Why Transparent and AI-Driven Fintechs Will Succeed in Spain

While the northern neighbours face a growing number of challenges, Spain and other Mediterranean countries are recovering. Enhancing the tourism sector and developed industry, including highly competitive pharmaceutical and automotive companies, strengthens Spain’s GDP. All this positively impacts the financial industry and citizens' purchasing po...

30 mins /ai /markets

James Barker CEO at HIVE

Why are banks buying tech from other banks?

Not long ago, banks were considered the antithesis of innovation, held back by legacy systems and a conservative approach to change. But the neobank revolution challenged that, sparking rapid technological evolution across the industry and recasting financial services business as potential innovators. Now, we’re witnessing a significant shift: ba

29 October 2024 /retail

Tim Simon CEO at Madiston plc

UK Credit Union lending at highest level on record - can their tech cope?

As The Association of British Credit Union declares in its vision statement: “Credit Unions will become the primary source of affordable, high quality and ethical financial services for the people of Great Britain”. To achieve that, they will need affordable, high quality tech. According to statistics released by the Bank of England on 30 August 2...

09 October 2024 /retail /inclusion

Rajat Deshpande CEO and Co- founder at FinBox

Can the use of multiple Account Aggregators make customer onboarding smoother?

Remember the “good” old days when one needed to furnish copies of bank statements to avail financial services? It’s safe to say we’ve come a long way since then – for the most part, at least. Today, getting aboard a financial service platform takes mere minutes and fewer documents, if any. As for bank statements, the account aggregator (AA) framew...

07 October 2024 /regulation /inclusion

Nick Green Director at Purple Patch Broking Ltd

Maximising AI risk model performance with multi-bureau data

Many financial institutions shy away from multi-bureau strategies, fearing complexity and cost. What if we told you that not only is a multi-bureau approach achievable, but it can also significantly enhance your AI model performance while potentially reducing costs? In this post, we'll show you how to maximise your AI's potential with multi-bur

26 September 2024 /ai /retail

Steve Sabin SVP, Division Executive, Lending at FIS

The time is now to digitize syndicated commercial lending

In case you hadn’t noticed, technology has made huge advances over the last 10 to 15 years. In all that time, however, the commercial loan syndication market has resisted the pressure to digitally transform. Until recently, there’s been enough profit margin to support the heavily manual, labor-intensive processes that still underpin syndicated lend...

07 June 2024 /markets /predictions

Adam Hughes CEO at Amount

Are banks leaving SMB lending opportunities on the table?

As financial institutions look forward to setting their strategies for 2024, many are now working under the assumption that the elevated interest rate environment will be the new normal for the foreseeable future. For the small business banking sector, things at first glance may seem particularly grim. A survey of senior loan officers by the Federa...

23 May 2024

Abhishek Bhasin Head of Product at Uplinq Financial Technologies

Path to profitable lending to small businesses, leveraging AI and contextual data

99% of all the US businesses are small businesses. These 33 million plus businesses employ more than 61 million Americans. They are hotbeds of innovation and growth engines of the economy. US SBA data shows that almost two-thirds of net new jobs over the last 25 years have been created by small businesses, approximately 13 million jobs. Even durin...

22 May 2024 /ai /inclusion

Mayuri Jain CMO at Science4Data

How Customer-Centric Communication Transforms Borrower Satisfaction

From the moment a borrower expresses interest in getting a loan to the final repayment, a bank’s communication strategies shape the customer’s perception of its lending process. Many financial institutions underestimate the impact communication can have on their ability to deliver a positive experience. The moment a borrower feels confused or stre...

14 May 2024 /people /cloud

Mayuri Jain CMO at Science4Data

How Modern Technology Can Transform Building Societies

Building societies are a vital part of the financial services industry, known for their mutual model that prioritizes the interests of members and local communities. Many have been serving their communities for over a century, offering innovative mortgage and savings products. However, in an era where technology evolves rapidly, staying relevant a...

13 May 2024 /cloud