Lenvi’s Post

Credit card underwriting often relies on a snapshot of a customer's finances at the time of application. But what if you could do better? 🤔 Leading providers are shifting from one-time data collection to continuous monitoring. This approach allows for more accurate and timely lending decisions. By continuously monitoring performance, lenders can: 🔍 Identify shifts in spending patterns and income 📈 Build financial reports and forecasting models 📉 Proactively extend credit increases or decreases based on real-time data This not only improves operational efficiency but also enhances the customer experience. Is your credit underwriting process keeping up with the times? #CreditUnderwriting #Fintech #Lending #ContinuousMonitoring

🚀 Transforming Lending Experiences with Smart Communications! 🚀 In the pursuit of growing your lending portfolio, it's imperative to offer customers a swift and intuitive path to understand their options, apply for credit, and secure funding. In essence, a seamless digital customer experience can be the game-changer that sets you apart from the competition. The days of cumbersome paper forms, lengthy print documents, and tedious waiting periods are over. Today's consumers demand straightforward application and onboarding processes. Our research indicates that over half of customers (53%) are likely to abandon financial services interactions if the data-collection process proves too cumbersome. Moreover, relying on your IT department to construct customer digital application journeys may inadvertently hinder your time-to-market. At Smart Communications., we stand as trusted partners for lenders worldwide. We are committed to: ✅ Reducing Forms Friction for Customers: Decreasing abandonment and error rates. ✅ Expediting Processing, Approval, and Funding of New Loans: Enabling faster and smoother transactions. ✅ Simplifying the Launch of New Products and Loan Offers: Streamlining your product rollouts. Discover how we collaborated with The Bancorp to achieve these milestones https://lnkd.in/epHmjDmV #LendingSolutions #DigitalTransformation #CustomerExperience #SmartCommunications #FinancialServices

Say hello to our brand new white paper – Lending, levelled up 🆙 Read it now via the link below to see how data enrichment can help lenders level up their #affordability assessments, and why it’s arguably more important than ever. #lending #openbanking #fintech

You won’t want to miss this upcoming panel discussion showcasing industry leaders Vesta and NewDay. The world of consumer lending, valued at a staggering $110 billion, is evolving at an unprecedented pace. This panel will feature insights into why accurate risk assessment is key to reaching new markets, the flexible features your tech needs to keep up with evolving trends, and how the use of integrated data-rich decisioning ecosystems can help credit providers pioneer the future of low-risk consumer lending.

➡ The new lending research from Tink is an essential read for lenders who are adapting to the changing landscape. Find out more below! ⬇ #lending #affordability #risk #visa #visasolutions

Legacy systems limiting your credit union’s potential? Watch our full on-demand webinar (https://lnkd.in/e-3RehDR) where three #creditunions share how they leveraged MeridianLink’s next-gen, digitally integrated consumer lending solution to maximize efficiencies, achieve growth, and deliver an elevated member experience.

Won’t you ‘lend’ a minute to watch this video on digital lending? ⌛ On average, *close to 36%* of financial institutions have witnessed customer drop-offs due to slow onboarding, and poor data management. These factors negatively impact customer experience, making customer acquisition and retention a major concern for financial institutions. To add to this, managing chances of de-dupe customer profiles, incomplete loan applications, customer drop-offs, and incorrect KYC documents is a nightmare when operating at a high volume. 😰 Check out how *LeadSquared's lending solutions* can create a streamlined back-end and front-end lending experience👇 https://lnkd.in/dnXfR3Jb

Our new lending white paper is a must read for banks or lenders who are adapting to the changing landscape 💡 👇

In a world where the cost-of-living crisis continues to affect consumers, and the #lending industry faces new regulations, it’s key to elevate your #affordability assessments with enriched data. Find more in our new white paper - Lending, levelled up ✨ https://lnkd.in/ev9VNCee

Data enrichment can help lenders level up their #affordability assessments, and it’s arguably more important than ever due to new regulations. Read the new Tink white paper to find out more!