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Technology Innovations for Banks and NBFC's in Lending Operations
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Igor Kostyuchenok SVP of Engineering at Mbanq
Starting your own bank has never been easier. The aftermath of the FinTech revolution left us with a myriad of options for every single part of banking operations. Be it a payment module, an AML and Anti Fraud solution, a card issuing and processing capability or even a Core Banking - you can assemble a bank in million of different ways. Despite ...
21 March 2025 /regulation /retail
Yaacov Martin CEO and Founder at Jifiti
Only 25 years ago, people lined up in physical banks, wrote checks, and were kept waiting during slow manual bank processes. Within the last five years, loan originations have transitioned from pages of paperwork to digital, real-time applications and approvals. With technology changing so quickly, it’s understandable why banks often feel like the...
18 March 2025 /payments
Nick Green Director at Purple Patch Broking Ltd
You’ve seen the headlines: credit reporting costs are climbing, and lenders are footing the bill. But let’s break down what’s actually driving these increases: 20%+ rise in credit bureau data costs It’s not just FICO. Credit bureaux themselves are adjusting their pricing models, and some mortgage lenders expect a minimum 20% increase in credit
11 February 2025 /retail /inclusion
Oleg Gordieiev CEO at MD Finance
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 January 2025 /ai /markets
James Barker CEO at HIVE
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
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
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
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
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
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
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