Nobody enjoys filling out onboarding forms. Whether it’s online or on paper, the process is often tedious and time-consuming, especially for businesses that require extensive information. In a world where every second counts, streamlining processes like digital form completion can make or break client retention. Introducing autofill—the indispensable solution for seamless digital form completion. For […]
As a CEO, CFO, or Chief Risk Officer in the banking and credit risk industry, it’s crucial to have a comprehensive understanding of regulatory requirements that impact your organization. One such regulation that warrants attention is the Consumer Financial Protection Bureau’s (CFPB) Section 1071 Rule. This blog post provides an essential guide to help executives […]
Imagine if you could take all those random data points, from payment histories to financial performance metrics, and throw them into one clear, straightforward score. That’s exactly what Worth Score™ does. It’s a comprehensive business credit score that goes beyond traditional methods to give you a 360-degree view of a company’s financial status. No fluff, […]
In the world of business underwriting, the ability to assess creditworthiness accurately is paramount to making informed lending decisions. However, despite efforts to promote fairness and objectivity, biases can creep into the underwriting process, leading to disparities and inequities in access to financing. In this article, we’ll explore some of the current biases present in […]
With the buzz around artificial intelligence only getting louder, it is clear that AI is not just a passing trend. It is here to stay, and over the next five years, generative AI is set to be the next big thing in Fintech–and more specifically within the credit lending space. We’re talking about a future […]
Navigating the regulatory landscape in the banking and credit risk industry presents a myriad of challenges for executives tasked with overseeing compliance efforts within their organizations. One such challenge is ensuring compliance with the Consumer Financial Protection Bureau’s (CFPB) Section 1071 Rule, which mandates financial institutions to collect and report data related to small business […]