The pandemic has helped to accelerate a number of changes in financial services as banks have been forced to shift...
The problem of disparate data is something all banks have been struggling with and TD Bank seems to have found...
One of the main challenges with the emergency loan process is access to payroll data; small businesses across the country...
Financial institutions struggle to meet consumer demand for more payment types, mainly because they lack the proper data science capabilities. This drives suboptimal strategies like layering multiple payment types.
Companies that are slow to incorporate alternative data into their R&D, marketing, investment, risk analysis, and other key processes expose themselves to extreme opportunity loss at best and operational peril at worst.
Lending Club and Prosper have both been around over 10 years now. A lot has changed since both companies were...
As financial services continues to become more digital there are a number of lessons they can take from leading companies...
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In today’s rate-shopping environment, it is important for Americans to be able to accurately compare credit products and make the best possible decisions for their financial future.
Hyperpersonalization is the next frontier for consumer engagement in financial services. Traditional FIs may be facing a disadvantage.
AliPay launched a free service this week which allowed users to generate a profile based on their shopping history; users who signed up were automatically enrolled in their credit-scoring system called Sesame Credit unless they unchecked a box; this led to an outcry from users and a subsequent apology from the company; Bloomberg shares how this highlights a broader concern over transparency of user data in the country. Source