Tag: Credit
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Mobile device financing: Interview with Clint Fayling
Smartphones and other mobile devices are becoming ever more expensive. Even if Tim Cook says that Apple products are not just rich people. Maybe we just have a different understanding of what it means to be rich… If a smartphone is worth two thirds of the average monthly income, or even half, that’s not affordable.…
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Predicting cashflow needs: Interview with Simon Draper, Co-Founder of Monspire
Cash is king. Actually, for businesses, cashflow is king. This is what defines the success or the demise of a company. You can sell all the products or services in the world… What really matters is how much cash there is left at the end of the week or month. What happens if you do…
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How Fintechs are Leveraging Technology to Develop New and Innovative Credit-Scoring Models
The more effective your credit scoring model is, the better your bank’s lending programs will be. More than any other factor, how deeply your financial institution determines prospective borrowers will decide the size and profitability of your lending book. Your loan decision process has to be fast, accurate, and low-risk. That is if you want…
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Are fintechs better at lending than banks?
Banks have been lending money to people and businesses for a long, long time. A lot of the incumbent banks can trace their roots back to the 19th century. Banca Monte dei Paschi di Siena, which is the oldest bank in existence, was founded in 1472. Although they often rely on cranky processes and old…
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What can you do with AI in Financial Services?
Artificial Intelligence (AI) is probably the biggest buzzword in the business and finance world. Yes, even more than blockchain. AI is not particularly new and can trace its roots back to the mid 1950s. However, it is true that developments in computing over the past 20 years have led the field to progress tremendously. It…