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The top lending & credit risk blogs of the year

Abrigo

The most-read lending & credit blogs in 2023 Probability of default, CECL model validation, and stress testing were among Abrigo's top blogs on ALM, CECL, and portfolio risk this year. Takeaway 2 The top lending and credit blog posts focused on the benefits of banking technology, interest rate management, and developing risk ratings.

Lending 221
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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.

Lending 354
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FinTechs Help Banks Ease The PPP Lending Pain

PYMNTS

And even as financial institutions began to smooth out the process, the initiative hit another snag Monday when reports emerged that the SBA’s computer systems had crashed. Marketplace lending company Funding Circle announced the debut of its pre-application service for small businesses interested in obtaining an SBA loan under the PPP.

Lending 245
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Fintech funding: Digital lending startups lead with 70% jump

BankInovation

Digital lending startup funding drove global fintech funding rounds during the third quarter as automated lending strategies gained investor attention. billion in Q3, up 70% sequentially, according to CB Insights’ State of Fintech Q3 report published in October. Funding for these startups reached $1.7

Lending 66
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The New Lending Fintech Bonanza

Gonzobanker

2020 is the wildest downward ride in the market since 1929, which, one would think, is taking its toll on the fintech ecosystem serving banks and credit unions. And the industry’s two largest fintech providers, FIS and Fiserv, reported organic revenue declines largely due to economic impact to the payments market.

Lending 158
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GAO issues report on fintech products; recommends CFPB clarify when earned wage access products are “credit” under Truth in Lending Act

CFPB Monitor

The Government Accountability Office (GAO) has issued a new report entitled “Financial Technology: Products Have Benefits and Risks to Underserved Consumers, and Regulatory Clarity Is Needed.”

Fintech 145
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Fintechs lost their edge in consumer lending in 2023: Fed report

American Banker

Record-high rates and the questionable future of credit performance put pressure on fintechs whose bread and butter was lending to low- and moderate-income folks.

Lending 53