article thumbnail

Perficient Included in IDC Market Glance: Lending Digital Transformation Strategies

Perficient

While it was once expected and acceptable for lenders to enforce standardized payment due dates and policies, COVID-19 brought the impracticality and ineffectiveness of a “one-size-fits-all” approach to credit and lending to light. A Pathway to Improved Loss Rates and Happier Customers. And for good.

Lending 354
article thumbnail

Alt-Lending Enjoys Sudden Investment Revival

PYMNTS

Alternative lending was the golden child among investors around 2015, but lately, the industry seems to have fallen out of favor thanks to regulatory uncertainty and questions over the viability of some business models. Alternative Lending. This week alone saw two examples of those concerns in action: One U.S. lawmaker, Rep.

Lending 109
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

OCC keeps focus on bank/fintech partnerships

CFPB Monitor

Although bank lending partnerships with fintechs continue to receive OCC attention, recent remarks by OCC officials indicate that OCC scrutiny is now also directed at partnerships outside of the lending arena. He advised banks to closely monitor risk and compliance in these partnerships.

Fintech 146
article thumbnail

Future of Customer Experience in Digital Banking

Banking 2020

This digital experience is vital, as it determines whether they should stay or move to different banks for better service. At this juncture, customer experience is primarily decided by speed, anytime-anywhere-any device banking, security and simple intuitive clicks. Suman Kumar Chandra is the Director of Delivery at Virtusa.

article thumbnail

Can Fintech Pave a Way for Financial Inclusion?

Bank Innovation

The combination of smartphone apps, big data, artificial intelligence, and cloud technology holds out intriguing possibilities in financial services,” Brainard said in her keynote speech. But no single […].

Boston 186
article thumbnail

How Virtual Reality, Big Data, and the Blockchain Are Changing Proptech

Fintech Labs Insights

How are the big trends in fintech like virtual reality, the blockchain, and big data analytics dictating trends in proptech? Big Brains and Big Data. The use of big data and big data analytics in proptech is more ubiquitous than virtual and augmented reality technology.

article thumbnail

Rebeca Romero Rainey: ICBA’s fintech partnership

Independent Banker

Themes for the ThinkTech Accelerator include next-generation lending, AI and machine learning, blockchain, payments, advanced analytics and big data, regulatory compliance tools, cybersecurity, authentication and streamlining the customer experience. Exciting, right?

Fintech 70