Risk & Compliance How Lenders Can Better Support Small Business Growth in their Communities

banking
Nov292018

Small business credit access grew in 2018 and with modifications to the Small Business Administration (SBA) rules for more streamlined processing, access is predicted to grow. However, untapped opportunities for growth remain for startups and minority owned businesses as suggested in SBA research. What are the funding options for these groups that the SBA is offering and how can your organization better serve them as well? This issue was discussed at the NAGGL 2019, National Association of Government Guaranteed Lenders, conference where hundreds of SBA lenders gathered to learn about policy changes, SBA online application submission solutions, how to create successful sales reps, and other trends in the industry impacting SBA lenders. SBA programs give businesses access to credit such as 7(a) loans for any purpose, microloans and 504 Certified Development Company (CDC) Loans for fixed-rate mortgage and equipment financing. Other programs are available to businesses to find investors, conduct... [Read More]

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Analytics & Optimization AI-Enabled Personalization: A New Frontier In Dynamic Pricing

AI, personalization, dynamic pricing
Nov292018

Dynamic pricing, a practice started by American Airlines in the 1980s, has now become a common marketing discipline for many corporations across industry sectors. From airlines, hotels, and entertainment events to perhaps the most well-known e-retailer, Amazon, these companies have been using dynamic pricing to improve profitability relative to rapid changes in supply and demand. Personalization: Using AI to deliver optimal customer experiences, in real-time As technologies for machine learning and artificial intelligence become more advanced and the dimensions of available data expands, dynamic pricing is going beyond its traditional inventory management function enabling companies to deliver optimal customer experiences, in real-time. In essence, pricing is becoming dependent on the ability to make offers which continuously adjust to changing consumer behavior and preferences while also responding to  organizational inventory and profit requirements, as well as other external pricing influences.    Today, enterprises are able to marry rich data sets with sophisticated pricing... [Read More]

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Risk & Compliance Money 20/20 Sits Down with FICO CEO Will Lansing

Money 2020
Nov212018

FICO CEO Will Lansing recently sat down with Money 20/20 following his keynotes at this year’s premier payments and fintech event.  He answered a few pressing questions on new innovations in credit scoring, the evolution of consumer permissioned data, and how consumers are changing the lending industry.  Hear first-hand his key takeaways from the 2018 Money 20/20 U.S. event in the video below.

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