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Technology Innovations for Banks and NBFC's in Lending Operations
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Steve Sabin SVP, Division Executive, Lending at FIS
"The time to repair the roof is when the sun is shining,” said John F. Kennedy in his State of the Union address in 1962. More than 60 years later, this reminder to prepare for any eventuality rings truer than ever for banks and other commercial lenders. As clouds gather over the global economy, it’s hard to know what to expect from the next 1...
25 April 2023 /wholesale /markets
David Woodroffe SVP, Asset and Auto Finance at FIS
Auto finance is doing bigger business than ever. But in the drive to convert the world to electric vehicles (EVs), there’s huge potential to go further – by embedding finance as the first stop on the car-buying journey. In the U.K. almost all new cars – around 92% – are bought on finance, with auto finance debt increasing by £29 billion since 2009....
28 March 2023 /markets /predictions
As regulatory requirements for corporate responsibility, environmental, social and governance (ESG) continue to take shape around the world, commercial lenders are now turning their attention to the most immediate challenge – compliance. But ESG principles deserve more than a short-term, tactical solution. The priority for lenders should be to driv...
23 March 2023 /sustainable /predictions
Mahesh Pawal Portfolio Product Manager, Digital Transformation at Fiserv
Picture waking up to your virtual assistant banker delivering a message that sends a chill down your spine: "Today, there is a significant risk to your investment portfolio, with the potential for a sharp 5.58% downside. This is due to the recent crash in global markets, which has been attributed to the effects of Silicon Valley Bank."
17 March 2023 /payments /predictions
Despite a tough economic environment, many of the asset finance providers I talk to are confident about their growth prospects in 2023. And one of the biggest opportunities at the moment lies in green finance. Whether they are leasing more electric vehicles, financing the charging infrastructure that supports them or providing assets on a pay-as-yo...
06 March 2023 /markets /predictions
Digital technology has turbocharged the commercial lending process, with fast, highly automated decisions seriously slashing the time to “yes.” But to navigate the uncertain times ahead, lenders will need more than speed from their fintech. While traditional banks can now make simple credit decisions as quickly and efficiently as technology-driven ...
02 March 2023 /wholesale /predictions
Retired Member
A new school of challenger brands is beginning to reshape the face of short-term lending. From Buy Now Pay Later (BNPL) to in-the-moment offers and instant credit activation through virtual cards, credit is getting more flexible and fast-paced. Not only does this put the power in customers' hands, but it also reshapes how they interact with credit ...
01 March 2023 /retail /predictions
Philip Chethalan Marketing Manager at Subex
Aadhaar OKYC transactions jumped 22% in Nov; Aadhaar Verification transactions grew 11% 28.75 Cr eKYC transactions conducted using Aadhaar in Nov Indian Residents’ use of Aadhaar is continuing to advance across the nation. Aadhaar was used to complete 28.75 crore eKYC transactions in November alone, a 22% increase from the prior month. By the end o...
30 January 2023 /security /identity
Harish Kumar Industry Advisory Consultant - Lending at Tata Consultancy Services
According to McKinsey and Company, the Metaverse has a $5 trillion market potential, and financial institutions do not want to pass up this once-in-a-lifetime opportunity. The metaverse, which combines the most recent digital technologies, is the next step in the evolution of the internet as a place where people may communicate. Technologies are ...
27 January 2023 /retail /predictions
Vijay Dev Solution Expert at Open Financial Technologies Pvt Ltd
The USD 200 trillion B2B payments flow is rapidly moving towards a ‘checkout’ experience similar to B2C payments. For banks, the resulting digital data footprint is unlocking a USD 13 trillion revenue opportunity in SME lending. The case for digitising the B2B payments flow is a well-established one by now. Expected to exceed USD 200 trillion in vo...
12 January 2023 /payments /wholesale
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