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LendIt Fintech News: Daily Coverage of Fintech & Online Lending


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Recent White Papers Covering Lending and Risk During the Crisis

We recently published two white papers to help lenders navigate the current crisis.

September 3, 2020 By Todd Anderson Leave a Comment

Views: 120

Coming out of the crisis will be hard work for lenders of all stripes. We recently featured two white papers that will help act as a guide on how to prepare for the future and ensure your lending operation is on solid footing.

Operational Efficiency in a Growing and Uncertain digital world – sponsored by Urjanet

What is this paper about?

Financial institutions face unprecedented business challenges as a result of the COVID-19 pandemic. It is expected that profit before taxes in the banking industry will drop from 50-100% as a result of misalignment of short-term revenue and expenses resulting from the fallout. According to TransUnion, over 100 million accounts showed signs of financial distress as borrowers deferred debt payments from March to June.

Between an increase in delinquencies, the abrupt shift to digital transactions, and unexpected surges in demand for credit, it is critical for lenders to incorporate data sources beyond traditional credit data.

This paper will explore the process of incorporating and expanding the use of alternative data to promote growth, minimize risk, and improve operational efficiency as banks and lenders recover during and after the COVID-19 pandemic.

Download

A Banking and Lending Guide to Crisis Recovery – sponsored by Salesforce

What is this paper about?

Banks and lenders have had to quickly adapt to changing regulations, work environments, and market conditions during the COVID-19 pandemic. In this white paper, learn how to build resilience, adapt to new regulations, and accelerate your bank’s growth in changing times.

Key Points:

  • Pursue growth by responding strategically to opportunity
  • Adopt an agile decision-making process
  • Reimagine office life
  • Adapt to your customers’ changing needs
  • Create lasting impact through community service

Download

Filed Under: Fintech Tagged With: credit risk, digital banking, lending, Salesforce, Urjanet

Views: 120

Webinars this Week: Roadmap Back to Growth, Every Company is a Fintech and Debt Collections

We have three great webinars on tap this week covering the most pressing issues in fintech and digital banking today.

August 24, 2020 By Todd Anderson 1 Comment

Views: 150

Recovery, Re-Boot, Resilience: Roadmap Back to Growth

August 25th at 2:00 PM ET: Register Today

Banks, Lenders and FinTechs have spent the last months responding to the crisis. From office closures, the CARES Act and resulting economic impact, it feels like we have been in a constant state of reaction to market events. When will the shift from reaction to proactively accepting this new normal happen? What does the path back to growth look like? In this webinar, you’ll hear from a panel of industry leaders at Mascoma Bank, BCU, Zions Bank, Upstart and Salesforce how they are prioritizing and accelerating their roadmap to grow in the next normal.

Every Company is a Fintech Company

August 26th at 3:00 PM ET: Register Today

There has never been a more important time to build financial products that are fair and have the customers interests in mind. Fintech has come a long way in the last decade and it is now delivering on its promise.

This panel will examine opportunities for companies and lenders to create new products that utilize financial data to help underbanked people in the U.S.

How to build resiliency against credit losses – Intelligent strategies for Debt Collection in the new normal

August 27th at 11:00 AM ET: Register Today

With the ongoing crisis affecting delinquency rates, banks and financial institutions cannot rely on conventional methods to improve collections without affecting customer experience. Can banks make existing debt collection processes more intelligent with AI?

This webinar will discuss how collections teams can be empowered with AI enabled risk segmentation, early prediction of delinquent accounts; and suggested treatment plans based on risk segment, which helps them improve efficiency and customer experience.

Filed Under: Fintech Tagged With: Afterpay, Baxter Credit Union, Business Insider, Capital One UK, EdgeVerve, Mascoma Bank, OnDeck, Plaid, Prosper, RMAI, Salesforce, Upstart, webinar, Zions Bancorporation

Views: 150

Upcoming Webinar: Banking: How to Alleviate Financial Stress for Businesses & Families

Salesforce and TCF Bank discuss how banks can act as a bridge towards financial recovery

July 20, 2020 By Todd Anderson Leave a Comment

Views: 56

July 22 at 2:00 PM ET

Banking: How to Alleviate Financial Stress for Businesses & Families

The economic downturn has caused financial hardship to businesses and individuals everywhere triggering impacts to cashflow and credit delinquencies. As a result, banks will have to immediately shift focus to remediation strategies in order to help customers who are in financial distress and act as a bridge towards financial recovery.

Join us for a conversation with TCF Bank to learn how to leverage insights and analytics to proactively educate customers, determine restructuring strategies and provide the support they need to reintegrate

Register Today.

Filed Under: Fintech Tagged With: digital banking, Salesforce, TCF Bank

Views: 56

Upcoming Webinars Will Cover Mortgage Financing and Innovative Loan Offerings

Webinars from LendIt Fintech early next week will take a look at mortgage relief & refinancing and the technology that helps to make loan offerings more efficient.

June 26, 2020 By Todd Anderson Leave a Comment

Views: 61

We’ve been hosting virtual content sessions for the past few months in order to help our community stay ahead of the rapidly changing environment. The webinars have informed and engaged our audience each week. Next week is no different, we have put together some really compelling sessions that will examine the mortgage financing market and the underlying technology that is help to change the way loans are originated.

These webinars are happening outside LendIt Fintech Digital and are open to everyone.

How to Accelerate Mortgage Relief and Refinance Volume for Borrowers

Tuesday, June 30 • 2:00 PM ET

Lenders today are under a massive amount of stress as many borrowers are feeling economic pain. Lenders are immediately discerning who might need a loan to bridge a gap, or who is most at risk of becoming delinquent on a loan. Also, historically low interest rates have caused a massive demand for refinancing and new mortgages.

In this webinar, you will hear from industry leaders at Salesforce and Truist on how they are managing demand volumes, relief requests and production operations in our new normal. Learn how lenders are leveraging technology to solve for the challenges of today through:

  • Streamlining the application process
  • Connecting all borrower information
  • Analyzing risk areas
  • Putting borrowers on an education journey
  • Enabling self-service for volume deflection
  • Providing servicing for complicated forgiveness and restructuring cases

Register Today.

Innovative Loan Offerings and the Tech That Drives Them

Monday, June 29 • 1:00 PM ET

Innovative fintech lenders and traditional financial institutions are growing their lending portfolios by offering specialty consumer and small business loan programs that address specific customer needs. Learn how lenders are utilizing a cloud based core banking system and services as a fully integrated lending platform, or extending their existing systems to quickly launch niche lending programs. Topics covered include:

  • Trends in Consumer and Small Business Lending
  • Challenges to offering specialty / personal loans
  • Technology strategies for specialty / personal loans

Register Today.

Filed Under: Fintech Tagged With: EZCorp, LendIt Fintech, Mambu, Persistent Systems, Salesforce, Truist

Views: 61

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ABOUT LENDIT FINTECH NEWS

LendIt Fintech News, Powered by Lend Academy, has been bringing you all the news and information about fintech and online lending since 2010 when it was founded by Peter Renton. We not only have the industry’s most active news site, but also the largest investor forum and the first and most popular podcast.

We are a team of fintech enthusiasts who have been covering the industry for many years. With a deep knowledge of online lending, digital banking, blockchain, artificial intelligence and more our team covers the daily news and writes in-depth editorials.

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