Atlanticus’ Post

“That report also pointed to PYMNTS Intelligence data showing that 60% of consumers used an installment plan to pay for consumer products at some point in the prior 12 months, and in many cases for high-spending categories such as home furnishing and appliances. The research also showed that 74% of installment plan users said they pay this way because it helps them manage spending, while two-thirds of consumers have said they want merchants to introduce installment plan options before checkout begins but at the point of sale.” https://lnkd.in/gBccisvJ #finance #payments #installmentloans #buynowpaylater #pointofsale #fintech #DTC #merchantservices

Did you know that 5 of the top 25 retail lenders in America now use Insellerate? We are way more than just consumer-direct. Yes, it's where we started but we didn't stop. We listened to the market, they need a complete solution for their LOs. One that served both Retail and Consumer Direct. So we built it which has resulted in us now serving 5 of the top 25 retail lenders, and that number is only growing. Find out why Insellerate is growing in retail lending and see what our latest innovations look like Josh Friend Matthew Wolcott Scott Roberts

Great article to digest ! Increasing approval rates through a single “automated” credit application process versus one lender “manually” at a time SAVES SALES. LendPro is a proven solution!! Retailers, who wish to grow their sales, direct message me to gain a full analysis of your Consumer Finance line up and process. “Multi-lender financing is another way to boost brand loyalty: a single financing application cascades from bank to lender, increasing approval rates, driving higher conversions for the merchant, and giving customers a more positive user experience and outcome. However, while multi-lender financing is important, it needs to be implemented properly and responsibly. The focus shouldn't be just on getting approvals and pushing loans without the proper assessment, particularly when not in the consumer's long-term best interests.”

Oper Credits' approach isn't just about leveraging technology to make things faster and more efficient; it's about deepening the personal connection between borrowers and loan advisors. By blending cutting-edge tech with the personal insight of human interaction, they are creating a #MortgageExperience that's not only efficient but also meaningful and reassuring for everyone involved.

While #FinTech innovations continue to reshape the #MortgageIndustry, lenders who combine cutting-edge technology with a strong focus on human-centric customer service are likely to stand out in this competitive landscape. Oper Credits is navigating this change by pioneering a hybrid journey which works opti-channel in #MortgageLending. Click and read to dive into the process! 📖

While #FinTech innovations continue to reshape the #MortgageIndustry, lenders who combine cutting-edge technology with a strong focus on human-centric customer service are likely to stand out in this competitive landscape. Oper Credits is navigating this change by pioneering a hybrid journey which works opti-channel in #MortgageLending. Click and read to dive into the process! 📖

🚗💻 In the intersection of tech and finance, there lies an incredible innovation that could revolutionise the automotive industry and dealership efficiency - Predictive Lending. sound interesting? 🤔💡 At SelectFI Lending Solutions, they've made it a reality. Coined by founders John D. Smith and Sarah J. Thompson, Predictive Lending uses proprietary algorithms to prequalify customers for financing using an auto dealership's existing lenders. This game-changing innovation promises to bring not only financial benefit but importantly, improved efficiency. And the best part it doesn't impact the customer's credit score! 💼🚀 Find out how this blend of Auto, Finance, FinTech, SaaS, and Software can revolutionize the automotive industry in their latest article on Finmag. Check it out! 👇 👉 https://lnkd.in/e736gbNa #AutomotiveFinance #FinTech #Innovation #PredictiveLending #SelectFI #Efficiency #Dealerships Stay tuned for more insights and feel free to share with those who might find this interesting! 🔥🌐 Don't forget to follow SelectFI Lending Solutions on Twitter and Linkedin for more updates!

Unlocking New Sales with Second-Look Financing Economic headwinds like inflation and rising interest rates have put a squeeze on consumer finances and dampened spending. As prime lenders tighten their lending criteria, an increasing number of consumers are being shut out from affordable financing options for big-ticket purchases. This credit crunch represents both a challenge and an opportunity for merchants and service providers. Those that can offer flexible "second-look" financing solutions stand to capture valuable incremental sales from consumers who still want to make important purchases but now lack access to prime credit. The near-prime consumer segment is rapidly expanding to include many who would previously have qualified for prime credit. This group has an acute need for new financing avenues as their purchasing power has diminished. By partnering with alternative lenders that employ advanced data analytics to better assess creditworthiness, merchants can provide paths to affordable financing. Generational shifts are also driving demand for second-look financing solutions. As Gen Z enters the workforce with thin credit histories, they desire flexible financing for experiential purchases that exceed buy-now-pay-later limits but are often declined by prime lenders. Catering to Gen Z's unique needs allows businesses to cultivate loyalty with this rising cohort. While economic conditions remain uncertain, businesses offering diversified financing choices will be better positioned to sustain sales momentum. Those providing frictionless second-look options will differentiate themselves by helping cash-strapped yet creditworthy consumers access the goods and services they need. The ability to approve more customers through secondary financing programs is a competitive advantage that empowers businesses to drive revenue growth even in a challenging environment. With the right financing partner, merchants gain a valuable tool for solving customers' financial puzzles and keeping them on the path to purchase. #ecommerce #purchasingpower #payment #credit #customerbehavior

What’s important when it comes to a loan origination system? A significant differentiator of NOVA LOS lies in its task-based system, a departure from the milestone or phase-of-loan-based structures prevalent in the industry. This dynamic approach delivers real-time alerts and notifications throughout the loan process, both within and outside the system. Fully integrated with Premier Partners for POS, PPE, and document generation, NOVA LOS ensures a seamless experience, showcasing the power of collaboration in mortgage technology. Take a look at some of the many features of NOVA. https://lnkd.in/giQe8gJt #NOVA #CMS #ConstellationMortgageSolutions #LOS #MortgageOrigination 

Volt.io and Bumper UK partner to bring open banking to major car dealerships in the UK and Europe Commenting on the news, Richard Drury, VP of Partnerships at Volt, said: “For car dealerships, the payments process has been a major challenge and our solution is a real asset in alleviating those challenges many dealership owners are facing today. We’ve created a perfect solution for Bumper, with the initial results and quick adoption proving that it resonates with both buyers and sellers. There’s huge potential for real-time payments to take off in the automotive industry, so this partnership was a no-brainer for Volt.” https://lnkd.in/edczVJe6 Jack Allman Tom Greenwood Matt Komorowski Jordan Lawrence Irina Chuchkina Mateusz Serotiuk Daniel Owsianski Pasha Jam James Jackson Matt Williams Robbie Lambert Alastair Shephard #FFNews #Fintech #Finance #Banking #Paytech #Payments #Insurtech #Insurance