TransUnion Director of Credit Union Market Development and Senior Director of CreditVision Linda Vance visited with us following their Corelation CEO Forum presentation on "Emerging Trends in Consumer Lending" -- and their impact on today's credit unions. Sean and Linda provided many key takeaways on this topic that will be most helpful going into 2020.
Here are few nuggets of what they addressed:
Lending opportunities on retail websites
Innovation is disrupting the consumer finance space
Fintechs targeting fringe customers
Credit unions have a leg up on fintechs on the lending backend
Use data to find pockets of opportunities (fintechs have gotten really good at this)
Alternative data (dual score matrix)
Lots more in this discussion with Linda and Sean. Check it out and let us know your thoughts.
Mike Lawson, Host
Married to a beautiful and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple.