Alternative data and emerging technologies are two components of future lending
Aug. 11 | by Ted Martynov
The consumer credit market is large and complex, but it changes rapidly. One of the biggest trends in the consumer credit market is the increased use of alternative data sources in credit decisions. The banking industry is still transitioning from traditional data collection and analysis methods to more advanced techniques such as artificial intelligence (AI),Read article
CARMACHAIN LENDERS ROUNDTABLE
Apr. 21 | by Femi Oluyide
On Thursday, March 10, 2022, at the Four Points by Sheraton, in Victoria’s Island, CARMACHAIN hosted a roundtable of top digital lenders. This roundtable meeting was convened to discuss the challenges of accessing consumer data for effective lending to the underbanked in Nigeria. The meeting gave lenders the opportunity to exchange ideas while also enablingRead article
Nigeria’s number 1 problem: Financial Inclusion?
Mar. 25 | by Dean Gichukie
Nigeria is a large complicated economy. A population of 200 million people, a GDP of over 445 billion & 75% of its GDP is in services and industry. These are all signs pointing to a soon to be developed country. However, access to the financial ecosystem, especially to affordable credit is incredibly low. This threatensRead article
What is an API?
Mar. 11 | by Lina Miliutina
API is one of the most used but misunderstood terms in tech & software development. Not everyone understands what exactly it means and why it is needed. Let’s figure it out together. An API (application programming interface) is a connection between computers or between computer programs. It is a type of software interface, offering aRead article
Lessons Learned for Credit Assessment
Mar. 5 | by Ted Martynov
Every bank has very similar challenges, too many borrowers and not enough money. Until now. Globally, more banks than ever are reporting surplus accumulations of capital to lend. My name is Ted Martynov and I’ve ran credit & lending companies for many years. I was fortunate to do this in very diverse economies like UkraineRead article