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Futureproofing Consumer Credit

How transactional data and AI can help protect lenders against the next economic shock

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In the US, the CFPB estimates that at least 100 million consumers have authorized a third party to access their account data.

It is anticipated that this number will grow rapidly as 1033 brings greater confidence to consumers.

“Too often in the credit market, data works against people. So they’re matched with the wrong products or declined altogether.”

Alastair Douglas, CEO
Independent digital credit broker TotallyMoney

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Making more informed decisions using transactional data will allow US lenders to take first mover advantage as the economy and consumer confidence increase.

They will be able to give customers access to credit quicker, leading to volume gains while costs remain flat.

Missed payment rates were reduced by 20% after the implementation of transaction data in the creditworthiness journey.

Evergreen Finance, specializing in personal loans, using Bud

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  • The latest consumer credit outlook: growing consumer demand and lender confidence
  • How 1033, transactional data and AI can protect lenders against the next economic shock
  • How to deliver maximum value from transactional data with enriched insights and personalized recommendations
  • Capitalizing on AI-led credit assessments for better financial outcomes
  • Future-proofing your datasets and processes to improve efficiency
  • Regulatory change, deployment, user adoption and more!

Futureproofing Consumer Credit

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