Community
Technology Innovations for Banks and NBFC's in Lending Operations
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Andrew Fisher Chief Growth Officer at Aro
In a world where the financial landscape continues to evolve, the rigid nature of the current credit system is a significant roadblock to financial inclusion and growth. The one-size-fits-all approach to credit checking has left many consumers locked out of accessing essential financial resources at significant moments in their lives. And the cred...
18 December 2023 /people /inclusion
George Relish Editorial Director at Quidable
Student Loan Debt Crisis Worsens as Interest Rates Rise The student loan crisis is growing in the UK. In 2023, the average student loan debt was over £44,000 per student. Beyond this, rising interest rates mean that costs are rising even higher all the time. For many people, this means a lifetime of potential debt repayments. How did the situat...
11 December 2023 /wealth
Henning Holter Director, Business Development at Star Global
The rise of Buy Now, Pay Later services has brought forward a revolutionary approach to lending. So, how can the appealing features of BNPL be integrated into traditional lending? Considering BNPL is in effect akin to unsecured lending, and will serve the same purpose for many consumers, it should be a real eye-opener for how traditional lenders ca...
08 December 2023 /payments /retail
Emerging technologies in the financial sector have the ability to transform the customer experience. In the same way we have seen the payment of goods and services evolve from a separate activity to something that is now often fully embedded in the purchasing process, a similar shift is anticipated for lending. The incorporation of technologies, l...
07 December 2023 /payments /retail
David Woodroffe SVP, Asset and Auto Finance at FIS
Since the launch of ChatGPT in late 2022, generative AI has captured imaginations and fired debates across the world of business, asset finance firms included. Yes, there’s been a lot of hype and a lot of noise. But GenAI’s ability to process very large and diverse data sets and generate content in accessible and easily usable formats (including c...
16 November 2023 /markets /predictions
Steve Sabin SVP, Division Executive, Lending at FIS
On the face of it, the future is looking rosy for the commercial loan syndication market. But behind the scenes, you’ll find systems and processes that are firmly stuck in the past. And for fintech providers, it’s a problem that can’t be solved alone. Business booms – but operations stall At October’s 2023 Loan Syndication and Trading Association (...
15 November 2023 /retail /wholesale
Pay-per-use (PPU) business models are fast gaining ground in asset finance, especially for the leasing of commercial equipment and vehicles. But to date, automotive subscriptions have been slower to grow market share in the consumer space. Now, is the pace of change about to accelerate in auto finance? Understandably, auto finance providers have b...
13 September 2023 /markets /predictions
Even in tough macroeconomic times, commercial lending keeps markets moving and banks growing. And on the face of it, there are few better places to drive growth than Europe, where a multitude of bustling economies provide big opportunities for cross-border expansion. But loan servicing operations can be complex and costly when you’re lending to bu...
Chirag Shah Founder and CEO at Nucleus Commercial Finance
Small and medium-sized enterprises (SMEs) are the backbone of the UK economy. According to a recent report by the British Business Bank, they account for 99.9% of all businesses in Britain. Yet, they only receive 20% of all bank lending. That’s a telling statistic as it means that many are suffering from cash flow challenges or missing out on grow...
12 September 2023 /predictions
David Bomser Head of U.S. Core Banking & Mortgage at SAP Fioneer
More than fifty years ago, SAP pioneered the concept of Enterprise Resource Planning (ERP) for manufacturing. The concept was simple: a single platform with a single data model to support shared services (i.e., HR, Finance, Procurement) and core business functionality (i.e., Planning, Operations, Inventory, etc.). The concept took off, especially...
08 September 2023 /cloud /predictions
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