by instnt | May 31, 2022 | Blog
False rejections can generate real frustration during customer onboarding. Your false rejection rate is effectively the percentage of instances in which potential or existing customers are incorrectly rejected. According to Thomson Reuters, 89% of clients go through...
by instnt | May 24, 2022 | Blog
The lending industry is increasingly turning to digital. If you don’t have a digital app or your technology is lagging, you’re missing out. Younger generations are a large part of the borrowing pool, also. As consumers reach the age where their credit scores increase...
by instnt | May 17, 2022 | Blog
As a new method of payment appearing next to an item’s price on a product page or at checkout, Buy Now, Pay Later (BNPL) is a growing category among payment options, especially online. It is a type of installment plan that typically lets consumers put down 25% of the...
by instnt | May 10, 2022 | Blog
Identity fraud scams are an escalating threat to consumers and businesses. Fraud losses in 2020 alone amounted to $56 billion, according to Businesswire. What is happening when loan fraud occurs, and how can the growing threat be prevented? Discover some of the...
by instnt | May 3, 2022 | Blog
As the effects of the pandemic continue, online transactions, especially those related to financial services, will continue and even increase. The number of mobile banking registrations tripled early on, in April 2020, according to an analysis by Fidelity National...
