The holiday season often brings a surge in consumer spending, but its aftermath can present significant challenges for lenders. Many borrowers enter the new year juggling credit card bills and loan repayments, creating an environment ripe for increased default risks. By understanding the underlying drivers of these defaults and leveraging advanced analytics, lenders can mitigate […]
Using Data to Navigate Post-Holiday Default Risks Read More »
The holiday season is synonymous with celebration, generosity—and for many, heightened financial activity. To meet rising consumer demands, lenders must adapt to evolving borrowing patterns, fueled by expenses such as gifts, travel, and festive gatherings. From Buy Now, Pay Later (BNPL) solutions to personal loans, this seasonal surge presents opportunities for growth while highlighting the
Holiday Lending Trends: Insights into Consumer Behavior Read More »
Most reports indicate that the global digital lending market is valued at more than $11 billion. Yet 75% of fintechs – a statistic that includes online lenders – are expected to fail within their first few years of operation. For those that don’t fail, many don’t realize their profit potential because their loan products aren’t fully optimized. If you
6 Signs Your Fintech Loan Product Won’t Make It Read More »
Generative AI and machine learning are the new ‘sexy’ across just about every industry, and fintech is no different. Riding this wave of industry disruption are software companies promising banks and lenders more autonomy with user-friendly solutions. Some include drag-and-drop models for real-time underwriting and risk decisioning. No coding necessary. No maintenance needed. Just about
AI in Fintech: Why Humans Still Hold the Key in Consumer Lending Read More »
Contributing Writer: Jeff Buchanan, UI/UX Senior Designer People don’t like to feel stupid, and financial products have a high potential to elicit feelings of anxiety, ignorance, and indecision for consumers. As a UX design team, your goal is to first create a connection with potential buyers through non-judgmental empathy and understanding. Then, present your financial
5 Common UX Mistakes in Fintech Design and How to Avoid Them Read More »
Hurricane season is here, and Beryl is coming! The first Category 5 storm of 2024 is prompting local governments to issue warnings and residents in her path to take shelter. But Beryl should be a reminder for lenders to be prepared too. Natural disasters impact lives, and consequently, they should impact business strategy. Here are
A Hurricane is Coming! How Lenders Should Adapt Read More »
In the fast-paced world of finance, understanding and managing risk is essential for success. At Bloom Analytics, we employ advanced technologies to navigate the complexities of risk analytics, particularly in the context of embedded lending. Today, let’s explore how machine learning (ML) serves as a linchpin in our endeavors, driving precision and innovation in identifying borrowers across
Unraveling Risk Analytics: The Role of Machine Learning in Embedded Lending Read More »
As we step into the year 2024, the business landscape continues to evolve at an unprecedented pace. In this era of constant change, staying ahead of the curve is not just a competitive advantage but a necessity for survival. One strategic move that businesses and entrepreneurs should prioritize this year is investing in unit economics
Why Your Business Needs a Unit Economics Study in 2024 Read More »
In “How and Why Every Company Should Become a Lender,” webinar host Allen Nance offers embedded lending as a viable solution to the unit economics problems facing many fintechs and non-financial brands. Serial Entrepreneur Allen Nance has been obsessed with the evolution of consumer-driven finance over the past decade. As the host of our latest
Allen Nance Leads Webinar on the Future of Consumer-Driven Finance with Embedded Lending Read More »
Creating seamless financial journeys for consumers is trendy today but will likely become inevitable for the successful brands of tomorrow. If there were ever a time to catch the embedded lending wave – the time is NOW. Philosophy tells us that change is the only constant in life, and the same is true of business.
Embracing Embedded Lending: Why Every Company Should Become a Lender Read More »
