Tag: alternative credit
Building The Cards of Tomorrow: 10 Must-Have Capabilities
Recent data on US credit card holders tells us that they value flexibility and control more than rewards and fee-based offers. In light of...
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How Fintech can drive efficiency in business
The pursuit of efficiency has become a fundamental objective for organizations across industries in today’s rapidly evolving business landscape. Amidst this pursuit, financial technology,...
Fintech’s Surging Growth in Emerging Markets
Fintech has
emerged as a disruptive force in the global financial environment. While its
impact is felt globally, it is most visible in emerging economies where
traditional...
A Snapshot of 2023 Payment Trends in Asia
In 2022, usage of digital wallets and account-to-account (A2A) payments continued to grow in Asia-Pacific (APAC), carrying on a trend that was accelerated by...
eCommerce is crucial to Asia’s economic prospects: how we could collaborate to accelerate its growth (Hay Yip)
While global eCommerce has passed its COVID induced peak, the sector is still on track to expand for the foreseeable, growing a further 10.4%...
Transforming the Alternative Asset Space: An Inside Look at Alta
The alternative asset space is a complex and fragmented market with many investment opportunities, such as real estate, private equity, hedge funds, and commodities.In...
Finovate Global Canada: Clik2pay Partners with Inovatec; BMO Offers Installments; RBC Buys HSBC’s Canadian Business
There are many countries whose fintech innovations are often overlooked. And Canada, America’s legendarily kinder, gentler neighbor to the north, is among them....
Online Lending Market Overview Of 2022 (Konstantin Rabin)
2022 was quite a positive year for the online lending market as it was mostly featured with positive trends and increasing value. These great...
What will it take to satisfy CFPB on AI-based credit decisioning?
The Consumer Financial Protection Bureau (CFPB) placed artificial intelligence (AI)- and machine learning (ML)-powered credit decisioning into its crosshairs last week, with documentation likely being key to...
Upstart to expand automated lending to business banking
Loan automation platform Upstart on Monday announced the launch of its Small Dollar loan, as well as a new product for small- and medium-sized...
Elevating the Customer Experience: A Look at the New Credit Monitoring Solution from CuneXus
A Finovate alum since 2014, CuneXus specializes in enabling lenders to deliver personalized, mobile customer experiences while helping financial institutions grow loan volume and revenue. The company has reached more than $60 million in loans funded daily, $500 billion in client combined assets, and represented 28 million consumers in the U.S. Last fall, the company Read more...
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BNPL Consolidates: Zip to Buy Sezzle
Consolidation in the Buy now, pay later (BNPL) industry continues as Zip agrees to acquire competitor Sezzle. The deal values Sezzle at $355 million. After the acquisition is finalized, Sezzle will rebrand to Zip and the company’s CEO Charlie Youakim will lead Zip’s U.S. business. Buy now, pay later (BNPL) player Zip (formerly known as Read more...
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TransUnion’s New Tools Protect Lenders While Helping Users Improve their Credit Scores
TransUnion launched Point-of-Sale Suite of Capabilities to provide lenders insight into consumer borrowing habits with point of sale lending and buy now, pay later products. The new data reporting helps lenders underwrite credit risk. The reporting methods also benefit the consumer by not penalizing them for using these alternative credit products on a regular basis. Read more...
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