Posts Tagged ‘Affordability’
Customers’ expectations of lenders have ‘never been higher’
Delivering a customer experience that is “better than the established brands” and is “friction free” will help lenders succeed, according to panellists from Experian, Allica Bank, Funding Xchange and Starling Bank, during an Open Banking Expo live debate on the future of lending.
Read MoreExperian appointed to operate BNPL bureau in Singapore
The Singapore FinTech Association and BNPL Working Group have chosen Experian’s technological infrastructure, given that it already operates BNPL bureaus in the US and UK.
Read MoreTink unveils ‘Balance Check’ feature powered by Open Banking
The new feature will enable business customers to verify how much a user has in their bank account in seconds to reduce instances of payment failures, which drive up the cost of direct debit transactions.
Read MoreTink unveils ‘Expense Check’ tool
The new Open Banking-powered product will “streamline the way lenders process data”.
Read MoreWill Open Banking be an essential part of affordability decisions in 5 years’ time?
Open Banking Expo in association with Equifax wants to know what you think about Open Banking in the intermediary market.
Read MoreLenders say Open Banking will ‘complement’ credit bureau data under Consumer Duty
Speakers from Equifax, AccountScore, Plend and Everyday Loans joined an Open Banking Expo live panel debate to discuss Consumer Duty, Open Banking and the rising cost of living.
Read MoreVirgin Money enters BNPL space with Slyce
The new product, out later this year, will “bring more customers into a regulated credit environment”.
Read MoreRevolut rolls out ‘Pay Later’ product in Ireland
The “responsible” instalments payment product will be launched in Romania and Poland later this year.
Read MoreUK Government launches consultation on BNPL regulation
The consultation, which closes on 6 January 2022, is seeking views on the potential scope of regulation to ensure ‘proportionate approach’ is taken.
Read MoreAuto Trader incorporates Experian bureau data
The partnership will improve the digital car buying and selling experience by providing insights into affordability.
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