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Technology Innovations for Banks and NBFC's in Lending Operations
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Pay-per-use (PPU) business models are fast gaining ground in asset finance, especially for the leasing of commercial equipment and vehicles. But to date, automotive subscriptions have been slower to grow market share in the consumer space. Now, is the pace of change about to accelerate in auto finance? Understandably, auto finance providers have b...
13 September 2023 /markets /predictions
Steve Sabin SVP, Division Executive, Lending at FIS
Even in tough macroeconomic times, commercial lending keeps markets moving and banks growing. And on the face of it, there are few better places to drive growth than Europe, where a multitude of bustling economies provide big opportunities for cross-border expansion. But loan servicing operations can be complex and costly when you’re lending to bu...
Chirag Shah Founder and CEO at Pulse
Small and medium-sized enterprises (SMEs) are the backbone of the UK economy. According to a recent report by the British Business Bank, they account for 99.9% of all businesses in Britain. Yet, they only receive 20% of all bank lending. That’s a telling statistic as it means that many are suffering from cash flow challenges or missing out on grow...
12 September 2023 /predictions
David Bomser Head of U.S. Core Banking & Mortgage at SAP Fioneer
More than fifty years ago, SAP pioneered the concept of Enterprise Resource Planning (ERP) for manufacturing. The concept was simple: a single platform with a single data model to support shared services (i.e., HR, Finance, Procurement) and core business functionality (i.e., Planning, Operations, Inventory, etc.). The concept took off, especially...
08 September 2023 /cloud /predictions
Leetal Gruper Co-Founder & CEO at Tarci
Subscription plans are successful in helping small businesses grow in both profitability and customer satisfaction. However, this model is losing its charm as we evolve into a post-pandemic era, which can be harmful to companies that serve small businesses. According to Tarci data, in 2022, there was a 49% decrease in small businesses offering sub...
04 September 2023 /markets /covid-19
As interest rates rise and growth slows for commercial lenders, investment in the back office is back with a vengeance. That’s great news for loan servicing operations, which look set to benefit in more ways than one from a renewed focus on cost cutting and efficiency. In the boom times, when lending is one of the biggest drivers of top-line re...
01 August 2023 /wholesale /markets
Hrefna Sigfinnsdottir CEO Creditinfo Iceland at Creditinfo Group
KYC – Know Your Customer – is about understanding who your customer is and if they are who they claim to be. However, as simple as this sounds, the process and information required to reach that judgement can be complex. Traditionally, KYC has been an indispensable tool for the credit and lending industry, helping lenders perform risk assessment on...
31 July 2023 /identity /crime
Real-time data or lending 3.0 has been a game changer for the lending industry. It means that lenders can now carry out all their transactions and interactions with customers in real-time. That, in turn, enables them to make quicker and more accurate decisions that improve both their operational and financial efficiency, but also customer outcomes...
05 July 2023 /predictions
We live and work in fast-changing times for asset finance. But when the industry’s finest put their heads together, change can not only be a challenge but also a powerful catalyst for innovation and growth. FIS’ recent educational and networking event, Emerald, gave me a timely reminder of the power of in-person collaboration. For the first time s...
03 July 2023 /markets /predictions
In challenging times for banks and other commercial lenders, it’s more important than ever for fintech providers to understand how their clients’ requirements are evolving. So, at FIS, we always make it our business to ask. Our recent educational and networking event, Emerald, gave us an excellent opportunity to do just that. And as clients from a...
27 June 2023 /wholesale /predictions
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