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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: 122

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: 122

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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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