Responsible Lending During Covid-19

Now more than ever, responsible lending and risk management are vital to alternative lenders. Managing enhanced risks during times of economic stress may require you to review your credit risk rating systems and to modify loans.  Reviewing your credit risk rating systems Risk rating systems were not designed to take into consideration Acts of God, …

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Meeting Post-Covid Lending Demands

As the global economy continues to buckle under the pressure and strain caused by the COVID-19 pandemic, many people will turn to alternative lending to offset the impacts. How can you be prepared to meet such demands? Here are a few suggestions: Automate the Loan Process An increased demand for services means that your company …

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How Lenders Accelerate Their Digital Transformation

Why do Lenders need Digital Transformation? Customer acquisition, “the business of getting new business” [as well as managing and growing the business you already have] is more dynamic than ever  ̶̶  and not just in the current pandemic environment. People’s perceptions of financial institutions have changed largely due to: The influence of social media platforms; …

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