Introduction The lending landscape is experiencing significant shifts in response to rapidly-increasing interest rates throughout 2022-2023. These changes affect various lending verticals differently and bring unique challenges for lenders, so understanding and adapting to these challenges is crucial for maintaining profitability in a complex environment. In this blog post, we’

Introduction As the latest iteration of OpenAI’s language model, GPT-4 is already making waves in various industries, including lending. This advanced AI technology has the potential to revolutionize the way banks and lenders operate, streamlining processes and improving customer experiences. In this blog post, we’ll delve into the

Automated pre-approval decisions deliver the responsiveness consumers are demanding from their financial institutions. The prevalence of digital technology has created a strong expectation of instant feedback and immediate gratification among consumers. However, banks, credit unions and other consumer lenders have generally lagged behind in providing excellent customer experiences through digital

Automated lending decisions require clean, high-quality data that can be instantly analyzed to make lending decisions. The lending ecosystem offers a wide array of amazing data providers and we’ve grouped the leading providers into five categories: * Traditional Credit Bureaus * Alternative Credit Bureaus * Verification & Fraud Prevention * Collateral Valuation * Non-Traditional