Better decisions start with a broader view Start ahead with consumer-permissioned data. Yet, many of these consumers exhibit financial responsibility by paying their bills on time. Consumer-permissioned data is financial information a consumer voluntarily consents access to, like utility and telecom payments or bank transaction records. Layering consumer-permissioned data sources on traditional credit data can move […]
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How Banks and Credit Unions Must Prepare By Steve Cocheo, Executive Editor at The Financial Brand The COVID Slump is a very different recession. In some ways, it’s nobody’s fault. But an Accenture expert says that a careful balance is needed from lenders because it is possible for even a well-intentioned move to make the situation far […]
By Jim Marous, Co-Publisher of The Financial Brand, Owner/CEO of the Digital Banking Report and host of the Banking Transformed podcast. The COVID-19 crisis has increased the need for digital lending platforms and processes more than any previous event. To respond to the needs of current borrowers and to serve the needs of future borrowers, banks and credit unions must simplify borrowing […]
Schedule a Business Review to get the data you need. 2020 certainly threw us all a curveball (to say the least). As you look ahead to 2021, it’s critical to get an accurate picture of your current portfolio to ensure you’re utilizing the most relevant and targeted strategies to meet your goals and stay on […]
Originally published https://www.americanbanker.com by Laura Alix May 14, 2019 Credit card delinquency rates hit a seven-year high in the first quarter largely because many borrowers in their 20s are struggling to keep up with their minimum payments, according to a new report from the Federal Reserve Bank of New York. In its quarterly report on household […]
Originally published by Equifax Gain market advantage with in-depth portfolio analysis PortfolioID Advantage provides a comprehensive view into the credit profile of your customers to help optimally manage portfolio performance while minimizing risk exposure. By evaluating your portfolio against the Equifax database of credit active consumers, PortfolioID Advantage delivers deeper consumer insights to enable your business to effectively: Target […]
Changes to MLA website going into effect making it more cumbersome to verify manually. Now is the time to stop manual research and get alerts on credit instead! Per https://mla.dmdc.osd.mil/mla/#/home Around June 27, 2019, DMDC will make significant changes to the Military Lending Act (MLA) website (https://mla.dmdc.osd.mil) to enhance security of the site and better protect the […]
Group Triples Cash-Rate for Live Check Direct Marketing Campaigns Consumer finance providers offer short-term, small-dollar loans to consumers who may encounter an emergency that requires an out of budget expense, or those who may need to cover a gap between paychecks to meet payment obligations. The Challenge While consumer finance companies largely rely on their […]
Target Consumers Who Are Most Likely to Respond to Your Pre-approved Offer Consumers have a way of tuning out loan offers — that is, until they’re actually ready to open a new account. If you can put your message in front of them at that precise moment of interest, the chances of them accepting your […]