Maximize Value Across the Entire Customer Lifecycle
Discover the Secret to Consumer Lending Success How to grow your business while providing world-class customer experience. The secret to consumer lending success isn’t hard to find if you know where to look. But first, you need to understand the needs of the consumers you’re serving.
The Lending Landscape
size of global consumer credit market $11 Billion
YoY growth of total loan value 10% MEA’s
253.8 Million
of credit card holders in APAC (557.7 million) 13%
60% increase
of LatAm consumers would consider financing plans for purchases over 80%
US consumers with a loan balance
of people in UK reliant on high cost short term credit
What Consumers Want Faster approvals Personalized offers Simplified applications What Lenders Want Accurate risk decisions Agility to respond to market shifts Increased sales volume
How can you improve the customer experience for consumers while managing risk and growing your business? By tapping into a credit risk decisioning and data ecosystem that can do it all on a single platform. Look for features like:
Advanced credit risk decisioning
No-code platforms with business insights Market changes and customer demand are no match for a no- code platform that puts any business user in control of decision models. Supported by native business insights, lenders have agility to innovate and launch new products while providing personalization.
Automated, integrated decisioning processes Streamline application processing and say “yes” to more customers with automated decisioning, powered by machine learning. Consumers can apply for loans with a click while integrated systems work together to process more applications and make smarter decisions.
driven by data With access to both alternative and traditional data sources that feed directly into your decisioning engine, you can make accurate decisions for instant approval, no matter the complexity.
The secret to consumer lending success?
The right tech will enable innovation and exceptional customer experience, no matter the use case. Want to uncover the other secrets of consumer lending for popular use cases?
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