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Perficient Included in IDC Market Glance: Lending Digital Transformation Strategies

Perficient

While it was once expected and acceptable for lenders to enforce standardized payment due dates and policies, COVID-19 brought the impracticality and ineffectiveness of a “one-size-fits-all” approach to credit and lending to light. The IDC Market Glance offers an overview of the landscape for consumer and small business digital lending.

Lending 354
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Big Lenders Need Help With Big Data, Too

PYMNTS

Lending has become one of the largest benefactors of this trend, with alternative lenders once viewed as competitors to the banks now working with them to strengthen financing options for SME borrowers. Data, Horrocks noted, is today an especially poignant point of friction for financial institutions in the lending process.

Big Data 195
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Deep Dive: Digital-First Banks Harness The Power Of Data Analytics

PYMNTS

Every interaction tells banks what customers actually want, meaning FIs just need the right tools to interpret this data. One of the most powerful tools in the financial sector is data analytics. Big Data analytics reached a market valuation of $29.87 When number crunching is needed, however, data analytics can help.

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HSBC, Alibaba Link Up On Quick eCommerce Loans

PYMNTS

We see big data and other emerging technologies as a huge opportunity to offer innovative solutions that make financing easier for our customers,” HSBC’s Jeanny Ip, head of global trade and receivables finance in Macau and Hong Kong, told the Post. There won’t be any need for documents or collateral to get the loans, the paper said.

Big Data 203
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Hong Kong Relaxes Rules In Effort To Boost FinTech Lending

PYMNTS

The Hong Kong Monetary Authority has, as finews.asia reported this past week, amended its credit risk management guidelines in a way that seeks to boost the embrace of analytics when lending to smaller firms. Cash invested on the platform, said the company, stands at $2.7 Open Banking Partnerships – Focus On Romania.

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Alt-Lending Regulation Fears Won’t Stop Investors

PYMNTS

It feels like 2014 again with the ongoing popularity of alternative lending startups. Earlier this week, reports emerged that some alternative lending and industry professionals are beginning to heighten their anxieties about incoming regulation, particularly as some ponder whether the U.S. Alternative Lending. MarketInvoice.

Lending 100
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Alt-Lending Enjoys Sudden Investment Revival

PYMNTS

Alternative lending was the golden child among investors around 2015, but lately, the industry seems to have fallen out of favor thanks to regulatory uncertainty and questions over the viability of some business models. Alternative Lending. This week alone saw two examples of those concerns in action: One U.S. lawmaker, Rep.

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