Trends in Effectively Mitigating Risk in the Lending Industry

Lending has revolved around FICO scores for over 25 years. And, FICO is still at the center of traditional lenders’ business models. But, with alternate financial approaches taking hold,...

Shashank Mudlappa 3rd November 2016

Lending has revolved around FICO scores for over 25 years. And, FICO is still at the center of traditional lenders’ business models. But, with alternate financial approaches taking hold, and the increased use of smart devices, there’s a lot more data than what shows up in the FICO score. With changing demographics, emerging markets, along with alternative approaches to the use and management of money, telling the complete story requires a new approach.

From Small Business Lending to Consumer Lending, each approach requires more and more data to input into ever-growing complex score-carding models designed to make better decisions. We have the data, the question is how to we use it to create value for both businesses and customers?

In this on-demand webinar, led by Jose Caldera, VP of Products at IdentityMind Global and Scott Smith, VP of Product Marketing at Cloud Lending Solutions, we will explore trends in these new risk models, their impact on the business, and what leaders can do to take advantage.

Here are the key areas we will touch upon:

  • Industry context
  • Who are the new consumer demographics, and how can you evaluate them?
  • What are the alternative data sources that can be used to build flexible/broader credit-risk models that are tailored to your business?
  • Best practices to succeed in this new approach to the lending process, and how can you translate them into enhancing your competitive advantage
  • How we can help – IDM/CLS

Resources

NEWS

Cloud Lending Solutions Expands Leadership Team with New Executive Hires

Cloud Lending Solutions adds Chief Revenue Officer and Chief Financial Officer as the Company Focuses...

DigitalLEND Connects Borrowers and Lenders Through Rapid Deployment-Ready Customizable Solution

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BLOGS

Regtech Meets Fintech – How It Improves Lending?

Lending as an industry is prone to risks and frauds. The added weight of growing ...

Opti-channel banking – way forward for better customer engagements

With an upsurge in technological innovation and the rise of digitally equipped millennials, banking and ...

EVENTS

DLAI FinTech Conference – 2018

India's Largest Fintech Conference Keynote Sessions 1. Consumer Lending - The Emerging Frontiers 2. SME ...

NEFA Finance Summit 2018 (Conference)

The National Equipment Finance Association (NEFA) is a national association serving small- to mid-size independent ...