Category: alternative lending

Ekata

The Good Borrowers Inside the Belt

Online lenders are not risk averse. With average default rates looming around 30%, they’re conditioned to accept a certain amount risk. However, the reward (in the form of high interest rates) makes the risk of potential default worth lenders’ while. The one risk lenders cannot tolerate is fraud. We know that roughly 1 in 3 […]

6.8.2017

Ekata

Turning Data into Decisions — Rules, Scores, and Machine Learning

Every data point that is captured on a lead form, loan application, or new account creation is a piece of potential intelligence that can be used to make better business decisions. Whether that means reducing fraud, improving lead conversion, or finding the right balance between identity verification and signup friction, it’s crucial to understand the […]

11.1.2016

Ekata

Identity Proofing in the World of FinTech

In recent months, there has been a marked uptick in conversation about ‘FinTech,’ technology that aims to make financial services more efficient. The discussion can skew favorably or unfavorably, but always with the undercurrent of uncertainty. While nobody can foresee future regulations, industry growth and sustainability, and what exactly defines FinTech (what is included in […]

6.29.2016