Resources

U.S. consumers are continuing to use their credit cards despite the economic slowdown. In the latest quarter, spending on Visa credit cards saw a 9.5% YoY increase, while MasterCard saw an even bigger jump of 14%. This growing trend outpaces inflation and is due to the enduring appeal of credit cards.

 Exploring the Evolution and Discrepancies in the U.S. and Canadian Lending Markets with Frank Tian In the digital era, personal lending products emerge daily from various banks, credit unions, and fintech companies. When it comes to the U.S. and Canadian markets, it is critical to understand the full credit lifecycle of lending and risk…

Alternative Credit Solutions Alternative credit scoring is not a new concept, in fact, the method first began making headlines as early as 2013. However, additional advancements in fintech, shifting consumer attitudes and recent changes to the market have made it a necessity for the modern lender to utilize.

Transforming Lending Practices with Fairplay.ai: A Conversation on Fairness and Profitability in Decisioning Bias may present itself in a variety of ways within lending. When assessing biases, two issues frequently arise: Was someone treated differently because of who they are? Or did a sincere goal activity end as being harmful to one group? A recent…

 By end of this year, fraud is projected to cost U.S. businesses roughly $2.5 Billion, with some research suggesting that figure could rise as high as $5 Billion by 2025. There’s no doubt that every business is vulnerable to fraud, due largely to the numerous ways in which scammers can attack your organization. So…

 As much as lending has changed in the last few years, its  fundamental tenet—putting the customer at the center of every choice—remains unchanged. Nevertheless, the last few years have brought an abundance of changes fueled by digitisation and the adoption of big data.

 Shortly after the 2008 financial crisis, a new phrase emerged, and we were quickly introduced to the thriving “Fintech” industry. When it comes to financial inclusion, the more approachable you are, the more success you will have.

Taking a Deeper Dive into the Future of Data, Decisioning and Credit Risk Solutions GDS Link is delighted to announce their new podcast, The Lending Link, is launching in September.

Significant losses can dramatically undermine a lender’s ability to remain competitive. Reducing default is business-critical — and it must start with credit decisioning.

FinTech Lead Generation & Lending The fintech market comprises a variety of industry segments including alternative lending and financing, digital investments and payments, and neobanking. The rising interest in investments among the public and the need for loans and insurance are the fundamental forces behind this immense growth surrounding the fintech lending explosion. These organizations…

Impact of Inflation on Credit Risk The global surge in inflation, caused by an unprecedented demand for certain goods, supply-chain disruptions, fiscal policies, warring nations, and other factors, is affecting businesses and individuals worldwide — including banks and other financial institutions. High inflation rates significantly impact lending and can cause both positive and negative outcomes…

Risk-Based Lending Credit risk management is how lending institutions protect themselves from the ever-present risks of late payments and defaulted loans. Over the past few years, lending programs have shifted their focus to new opportunities and resources that can help boost their performance, lower their risk profile, and enhance their decision-making when serving their customers.…