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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. The IDC Market Glance offers an overview of the landscape for consumer and small business digital lending.

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Big Lenders Need Help With Big Data, Too

PYMNTS

Lending has become one of the largest benefactors of this trend, with alternative lenders once viewed as competitors to the banks now working with them to strengthen financing options for SME borrowers. Data, Horrocks noted, is today an especially poignant point of friction for financial institutions in the lending process.

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Hong Kong Relaxes Rules In Effort To Boost FinTech Lending

PYMNTS

The Hong Kong Monetary Authority has, as finews.asia reported this past week, amended its credit risk management guidelines in a way that seeks to boost the embrace of analytics when lending to smaller firms. Cash invested on the platform, said the company, stands at $2.7 Open Banking Partnerships – Focus On Romania.

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Alt-Lending Regulation Fears Won’t Stop Investors

PYMNTS

It feels like 2014 again with the ongoing popularity of alternative lending startups. Earlier this week, reports emerged that some alternative lending and industry professionals are beginning to heighten their anxieties about incoming regulation, particularly as some ponder whether the U.S. Alternative Lending. MarketInvoice.

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CFPB provides insight on treatment of big data

CFPB Monitor

This will follow up on Barbara Mishkin’s January 14, 2016 blog “FTC warns use of big data may violate federal consumer protection laws.” The CFPB will more closely scrutinize the use of big data when it is used to deny credit in the first instance. A registration link appears here.

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The Partnership Series – Volume Three: Fintechs, Big Data, and Third-Party Risk Management

Jack Henry

How do you overcome third-party vetting challenges and scale your vendor risk management program to accommodate more dynamic partnerships? While there are advantages to partnering with fintechs and other third-party vendors, increasing the number of these relationships comes with its own set of strategic, tactical, and regulatory challenges.

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A layered approach to lending on the road to recovery

Banking Exchange

Ongoing stay at home orders and unemployment continue to create financial obstacles for the most vulnerable consumers Technology Retail Banking Risk Management Feature3 Fintech Feature Financial Research Financial Trends Big Data Covid19 PPP.