The Lending Link Powered by GDS Link is a podcast hosted by Rich Alterman and designed for the modern-day lender. Each episode deeply delves into innovation within the financial services industry and transformation efforts, including AI / ML integration, Modeling, Risk Management Tactics, and redefining Customer Experiences.
We have a wide range of guests from various lending institutions and diverse organizations who talk about strategies, technology, and everything in between.
Protecting your Business Against Fraud and Synthetic Identities with Tom Algie from IDology
By end of this year, fraud is projected to cost U.S. businesses roughly $2.5 Billion, with some research suggesting that figure could rise as high as $5 Billion by 2025. There’s no doubt that every business is vulnerable to fraud, due largely to the numerous ways in which scammers can attack your organization.
So how do you prevent the unthinkable from occurring? A proper plan in place can assist you, and your company in effectively reducing the likelihood of fraud and minimizing losses. In this information prevention discussion, we’re joined by Tom Algie, IDology’s National Sales Manager for Consumer Finance, and Rich and Tom delving into the necessary fraud topics like:
- What is ID verification authentication and fraud mitigation
- First-party Fraud vs. Synthetic Fraud
- How to identify a Synthetic Identity
- Most common gaps in fraud mitigation process within financial services today
- Correlations between fraud tools and loan increases available, and much more!
IDology, a GBG company, delivers some of the industry’s most innovative multi-layered identity verification solutions to help businesses drive revenue, deter fraud and maintain compliance. IDology’s ExpectID® platform leverages thousands of diverse data sources to deliver the most accurate customer locate results, actionable transparency, and on-demand control over the identity-proofing process. With frictionless, secure digital identity verification, IDology empowers businesses to onboard more legitimate customers quickly and confidently. Under their parent company, GBG, IDology and Acuant recently united to form GBG Americas, the largest pure-play identity verification and fraud prevention provider in the Americas.
About Tom Algie
Tom Algie is National Sales Manager for Consumer Finance at IDology. As an 18-year veteran of fintech, his experience includes consulting and management roles in lending software, data processing, and payments processing industries.
Tom actively participates in multiple industry trade associations, including Online Lenders Alliance, INFiN, American Financial Services Association, and National Automotive Finance Association.
Be sure to follow Tom and our host Rich on LinkedIn, and for the latest GDS Link updates and news, follow us on Twitter and LinkedIn. You can subscribe to the Lending Link on Apple Podcasts, Spotify, Google Play, or wherever you prefer to listen to your podcasts!
From the Episode:
Fifth Annual Consumer Digital Identity Study: https://www.idology.com/5th-Annual-Consumer-Digital-Identity-Study/
How to Properly Leverage Data & Technology Across the Entire Credit Lifecycle with Gary Byrne
As much as lending has changed in the last few years, its fundamental tenet—putting the customer at the center of every choice—remains unchanged. Nevertheless, the last few years have brought an abundance of changes fueled by digitization and the adoption of big data. This, combined with shifting borrower expectations, has driven positive impacts in the financial services space. Today, as the UK and the rest of the world experience economic difficulty and uncertainty, lenders must fully comprehend how these conditions affect their customer’s creditworthiness and ability to pay. And most importantly, lenders must effectively leverage technology and analytics to make accurate decisions and quickly respond to changing conditions.
In this episode, we’re joined by Gary Byrne, who manages GDS Link's UK Sales Operations. Gary boasts over 25 years of experience within credit risk and is intimately familiar with the nuances and challenges facing UK lenders and organisations.
Gary brings his expertise to the table to shed light on key topics such as:
Some steps lenders should take to account for inflation
The role of speed and transactional data in the decisioning process
Factors slowing down the adoption of Open Banking data
How to future-proof your technology stack
About Gary Byrne:
Gary heads GDS Link's UK business and is responsible for building a scalable, sustainable, targeted sales model focused on forging lasting client partnerships across a diverse yet highly sophisticated market.
Gary's experience stretches from First Direct and HBOS to Experian Scorex, Provenir, Earnix, FICO, and more recently, TransUnion UK, where he was accountable for UK Software Sales.
Be sure to follow Gary and our host Rich on LinkedIn, and for the latest GDS Link updates and news, follow us on Twitter and LinkedIn. You can subscribe to the Lending Link on Apple Podcasts, Spotify, Google Play, or wherever you prefer to listen to your podcasts!
The Power of Technology in Financial Inclusion with Dan Quan from NevCaut Ventures
Shortly after the 2008 financial crisis, a new phrase emerged, and we were quickly introduced to the thriving "Fintech" industry. When it comes to financial inclusion, the more approachable you are, the more success you will have. New financial technology has made it possible for businesses to offer their goods and services for significantly less money.
On this episode of The Lending Link, we're joined by a special guest, Dan Quan, who has developed several policies that have enabled the thriving Fintech environment, such as Open Banking, AI, and alternative data. Dan is the Co-Founder of Nevcaut Ventures, and he joins us to discuss his time at the Consumer Financial Protection Bureau (CFPB) and various technologies that are shaping the industry's future.
In this informative discussion, Dan and Rich explore topics like:
• The lasting impact and lessons learned from 'No Letter Actions' issued by the CFPB
• Disparate Impact and how lenders can fairly and profitably navigate
• Dan's insights into various FinTech pioneers and how this innovation impacts his current investments
• Advice for startup companies seeking funding, and much more!
Navigating the Storm of High Inflation and Rising Interests Rates with Kevin Moss
There is little doubt that having to deal with a global pandemic for a few years has altered the behaviors of both consumers and lenders. In fact, FinTechs are currently operating in an environment with increased inflation and interest rates for the first time ever. Many people are left wondering, "How do we navigate this new domain?"
In this week's episode, we are joined by Kevin Moss, a 40+ year veteran of banking and credit risk management and compliance, who discusses navigating the effects of rising inflation and interest rates.
Kevin and Rich delve further into a variety of subjects, including:
the value of data for the future
what's driving the market right now
the greatest distinctions between bank loans and personal loans
why financial literacy is so important for businesses
and much more
Listen to learn Kevin's advice for lenders on navigating the current storm successfully. Let's get synced!
About Kevin Moss:
Kevin Moss is a Senior Advisor at Boston Consulting Group, Inc., who is actively involved with financial institutions and Risk & Compliance practices. Kevin works with clients on credit, fraud & banking risk management, FinTech, and advisory. Kevin has a strong history of advising clients in risk management & related matters for deposit/credit products, with deep knowledge of digital channel strategies.
From the Episode:
New Reality Check - The Paycheck-to-Paycheck Report: The Consumer Savings Edition: https://www.pymnts.com/study/reality-check-paycheck-to-paycheck-inflation-stock-portfolios-consumer-savings/
Be sure to follow Kevin and our host Rich on LinkedIn, and for the latest GDS Link updates and news, follow us on Twitter and LinkedIn. You can subscribe to The Lending Link on Apple Podcasts, Spotify, Google Play, or wherever you prefer to listen to your podcasts!
Understanding the Landscape of Lending and Pressing Issues for the Modern Day Lender with Rich Alterman
You're tuning in and syncing up with The Lending Link, GDS Link's brand new industry podcast designed for the modern-day lender. In this introductory episode, we're chatting with the man of the hour and host of The Lending Link, Rich Alterman. Rich has a deep-rooted history in credit risk management within consumer lending, where he boasts over 40 years of helping lenders stay competitive in our ever-changing environment.
Matt Tepper, GDS Link’s Global Marketing Director, sits down with Rich to talk about how he got started within the industry, the wealth of experience that GDS Link brings to the market, how the landscape of underwriting has evolved since Rich started his career, as well as current pressing issues lenders may be facing.
Be sure to subscribe to the Lending Link on Apple Podcasts, Spotify, Google Play, or wherever you prefer to listen to your podcasts.
Are you interested in learning more about The Lending Link? Visit our webpage here, and head over to GDS links, LinkedIn and Twitter pages to hit those like and follow buttons.
It's time to sync up with GDS Link!
You're Syncing Up With The Lending Link, Powered by GDS Link
You are syncing up and tuning in with The Lending Link Podcast, powered by GDS Link and hosted by Rich Alterman. Join us as we explore unique strategies for modern-day lenders and take a deep dive into the innovative advancements from both GDS Link and industry powerhouses. Listeners will gain insights from captivating guests within the FinTech, banking, and credit union worlds. Be sure to follow us and subscribe to the Lending Link on Apple Podcast, Spotify, or wherever you enjoy listening to this podcast too. Let start syncing!