At a Glance: Automated loan decisioning accelerates loan disbursal, increases loan volume and customer satisfaction, and expedites operational tasks. This process involves collecting customer data, third-party data, behavioral data, and analyzing and processing the data using an AI decision engine. …
At a Glance: Completing the NMLS background check is a crucial step in obtaining an NMLS state license certification for a lending startup. The process includes obtaining and submitting fingerprints, waiting for the results of the background check, and addressing any issues that may arise. It’…
At a Glance: When launching an embedded finance product, startups should answer several critical questions, such as whether to build it in-house, what data to collect and how to utilize it, and what leverage they have. Building in-house provides maximum flexibility but is also the most expensive and…
At a Glance: Defining a target audience is a critical step in fintech market research, and demographics, psychographics, behaviors, and pain points are core areas to explore. Identifying market gaps requires analyzing customer behavior, finding unmet needs or lack of effective solutions, and develop…
At a Glance: The Debt Capital Market (DCM) is a financial market where companies, governments, and other entities can raise capital by issuing debt securities, such as bonds and notes, to investors. The DCM is an important source of funding for companies and governments as it allows them to access a…
At a Glance: Founders of lending startups need to complete pre-licensing education and pass the NMLS licensing exam to obtain an NMLS state license certification. They should research and choose NMLS-approved education providers, complete the course and exam, and obtain a certificate of completion. …
At a Glance: Banking as a Service (BaaS) enables non-banking companies to provide banking services to their customers by utilizing a financial institution’s infrastructure. BaaS comprises four players: end customers, businesses and brands, fintechs, and BaaS providers. BaaS providers can make …
At a Glance: Buy Now, Pay Later (BNPL) options are increasingly popular, benefiting both merchants and customers. Typically, customers are given the choice of paying in full at checkout or opting for BNPL alternatives, which include paying in installments over time or in full after 30 days. BNPLR…
At a Glance: Choosing a state for NMLS state certification for a lending startup depends on several factors such as location, target market, competition, licensing requirements, and expansion plans. After deciding on a state, the lending startup can apply for NMLS state certification through the NML…
At a Glance: Previously, healthcare financing relied on in-house payment plans or healthcare loans. In-house payment plans allowed patients to pay for medical expenses in smaller installments without interest, but posed financial risks for medical practices. Healthcare loans had lower interest rates…