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Laying the Groundwork for Growth

Gonzobanker

Much like a bank that over-concentrates itself on commercial real estate lending, banks that rely too heavily on physical channels for consumer and business customers risk attrition, lost revenue and increased expenses. Digital: The New Must-Have. Consider these numbers from PwC’s 2017 Digital Banking Consumer Survey : ?

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FinovateSpring 2016 Live Blog – Day 2

William Mills

Under the scenario the consumer can transfer much-needed cash as well get cash (that was earned, not paid yet) so no payday or online lending debt is added. Peer lending meets machine learning, with LendingRobot. The algorithm automates the process of identifying, and investing in, the best peer-to-peer lending opportunities.

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How 60+ Startups Are Disrupting Retail And Commercial Banking Around The World

CB Insights

Asia is highly competitive, with tech giants like Ant Financial and Tencent’s WeChat actively dominating mobile payments and expanding their reach in financial services across lending, wealth management, and insurance. This includes targeting the underbanked/unbanked, millennials, students, kids, freelancers, and early adopters of blockchain.

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FinovateSpring 2016 Live Blog – Day 2

William Mills

What’s the market strategy? Fiserv is meeting that need for FIs and millennials. Industry leader Fiserv is tackling the issue account opening for Millennials. I suspect it could be very popular with Millennials as they get serious about savings and investing. BLEND stands for better lending. That’s new.

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Growth Loops – The New Way To Grow Bank Product Sales

South State Correspondent

Instead of thinking about how you can grow customers, the commercial lending team often thinks about increasing loans. This problem is often magnified when marketing gets involved as marketing then goes off and creates a strategy based on the bias and limitations of what the product people told them.

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Bank Ecosystems: The Role of Data Ingestion

FICO

Let’s assume the lender in this example is aiming to grow its new-to-system customer portfolio via launching a new digital lending product: small-ticket unsecured instalment loans. In order to achieve this, at the time of application, all types of data will need to be accessible in real time.

Data 59
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Finovate Fall 2016 Live Blog – Day 1

William Mills

I’ve heard that financial planners are having a hard time getting Millennials thinking about retirement but instead focus on short-term financial goals – homes, vacations, etc. Command center for small business lending. This triggers activity and lending platform. First product is small business lending using machine learning.

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