Securing a loan is often a headache for both customers and vendors. Each country has its own credit process, and many companies use outdated verification methods that involve heaps of paperwork. This leads to a mountain of documents for customers to fill out, and lenders to sort through. This often still ends with an incomplete and inaccurate picture of a customer’s finances.
In an era where automation and data are transforming the financial industry, putting up with the flaws of older processes is no longer necessary. Open banking and data analysis can simplify the customer and lender journey - arriving at a loan approval faster, and with a complete picture of a customer’s credit history. This lowers risk for lenders, who are able to make more informed decisions, while reducing the administrative burden on consumers who are looking to secure the loan.
In Worldline’s ‘Bringing Credit Checking into the Modern World,’ we’ll explore how open banking solutions are making lenders' lives easier, reducing the risk of fraud, and removing one of the most common pain points consumers feel when in the lending space.
Join us to dive into:
- How credit analysis differs across countries and companies, and the pitfalls in this scattered space
- The ways open banking and data instantly provide a highly accurate view of a consumer’s creditworthiness
- How these technologies shorten and improve a consumer’s journey from loan application to approval
- And more
We are shaping a new world of payments and trusted transactions. With our advanced payments technology, local payments expertise and solutions customised for hundreds of markets and industries, we are helping millions of businesses of all sizes to realise their ambitions – faster, simpler and more securely.…