Latest opinions that Nick Green has shared on Finextra

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Nick Green

Director

Purple Patch Broking Ltd

Member since

07 Dec 2020

Location

Stratford-Upon-Avon

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Nick's opinions

Fintechs: Here’s how to compare bureau data pricing for credit risk product

The credit data landscape is more competitive than ever with fintechs leveraging innovations like Open Banking. Plus, new unsecured lending options like BNPL are even overtaking credit card use. But with credit bureaux charging organisations different prices for the same data, there’s a much greater need for fintechs to understand how their contra...

21 June 2022 /regulation /retail Financial Supply Chain

Improving consumer credit: A deep dive into the FCA’s recommendations for Fintech

According to an FCA survey, in 2020, 81% of UK adults had used a form of regulated credit within the last 12 months. As consumers move away from traditional, regulated forms of credit (like credit cards), how is the unsecured credit market shaping up? It’s changing rapidly — with fintech products becoming more easily accessible than ever before. W...

16 June 2022 /regulation /retail Financial Services Regulation

Futureproof your credit data contracts: Four ways Fintechs can gain flexibility

In the credit risk industry, the data landscape is more competitive than ever, so it’s crucial for fintechs to find the best quality data options at the best possible price and with a flexible contract. Until recently, many organisations (including fintechs) have been unaware of differences in pricing and do not have the knowledge or information ne...

24 May 2022 /regulation /retail Fintech

Credit Data Negotiations: How Fintech’s get the best prices mid-contract and at renewal

Recent changes to consumer borrowing behaviour, risk adversity and economic uncertainty have caused a major shift in the credit risk industry. And quite frankly, a much needed change! Credit Bureau contracts have simply become outdated and calls for change mean that data contracts must change to allow the procurement and credit risk teams within f...

17 May 2022 /regulation /retail Financial Supply Chain

Bureau data contracts: 4 questions you should be asking

Negotiating the right price and quality of data for bureau contracts is essential for credit providers. Despite this, many organisations are unaware that there are differences in pricing and do not have the knowledge or information needed to negotiate competitive pricing or the pricing that works best for them and their customers. These negotiati

28 April 2022 /regulation /retail Financial Risk Management

The state of data pricing: At a glance [behind the curtains]

Data pricing is a challenge faced by every credit provider. In a competitive market, Bureaux price variations mean that some credit providers pay up to 1,500% more (per search) than competitors for the same data from the same provider. This is due to a lack of transparency in the industry which makes it difficult for credit providers to achieve a ...

26 April 2022 /regulation /retail Financial Services Regulation

The beginner's guide to data benchmarking

Access to high quality data is a must within the credit industry. Not only does it ensure scorecard improvement for credit firms, it also enables fair and transparent credit decisions for consumers too. However, there is currently a lack of objective, evidence-based insight into the data provided by each Bureau, how they measure up against each ot...

17 March 2022 /regulation /retail Financial Supply Chain

The BNPL data race: How to choose the right data

In 2020, the value of buy-now-pay-later (BNPL) transactions reached £6.4 billion (a 60-70% growth on the previous year). BNPL offerings appeal to both merchants and shoppers so this growth is expected to continue. With the offer of interest-free monthly payment terms, consumers prefer this method of payment to credit cards. However, concerns from...

15 March 2022 /regulation /retail BNPL

How procurement can drive innovation and efficiencies in financial services

How procurement can drive innovation and efficiencies in financial services The financial services sector is going through extraordinary levels of transformation. These external pressures are forcing financial institutions to focus hard on their credit data suppliers, seeking to marry innovation with quality and cost savings. Procurement can have a...

22 February 2022 /payments /retail Financial Supply Chain

How financial services procurement can gain better leverage with credit data providers

How financial services procurement can gain better leverage with credit data providers Over the last few years, financial services businesses have grown to rely on procurement to support and strengthen supplier relationships. That’s especially true during the pandemic. According to one study, 52% of enterprises viewed procurement’s impact during t...

15 February 2022 /regulation /retail Financial Supply Chain

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