Learn about the latest trends, challenges, and opportunities in the financial services industry discussed by industry experts at Pro-Manchester's FinTech & Regulation event.
This blog explores the impact of artificial intelligence (AI) on the finance industry, including credit scoring, loan approval, financial forecasting, and compliance. Discover how AI revolutionises the industry and provides valuable insights into risk management and decision-making.
Last month we shared data which showed that Generation Z - people born from roughly 1997 onwards - has seen the biggest decline in loan offers of any generation in 2023 so far. The question is, why might that be?
Last week I attended the MoneyLIVE Summit 2023 at the QEII Conference Centre in London. This is a high profile event bringing together lenders, fintech's, payment and software providers to discuss the latest issues around consumer finance.
The world of consumer finance has on the whole been built by and around the needs of Boomers, Gen Xers and Millennials. However, Gen Z, born between 1997 and 2012, is not to be overlooked as they will make up the majority of banking consumers in the coming decades.
To celebrate International Women's Day, we asked UK Territory Director, Dawn Wood, about her role at Monevo and what International Women's Day means to her.
Today, the Bank of England raised the interest rate (Bank Rate) once again by another 0.5 percentage points to 4%. This is the tenth time in a year and the base rate is now at the highest level it has been at in 14 years.
Our own strategic partnership with TransUnion enables us to gain unique insights into market data and trends within the consumer finance market. We decided to take a look at what’s been happening in the personal loans market, and saw that the number of new personal loans issued in the UK between September and November 2022 grew by 5.4% compared to the previous year.
Here at Monevo, we anticipate 2023 will be an interesting year. The world faces its first in 3 years without Covid restrictions, we know the war in Ukraine is set to continue, new regulations come into play, and the world markets try to find a stable playing field. This got us thinking about what the next 12 months will have in store for our industry and spent some time researching thoughts and insights from a wide range of businesses, expert industry commentators and our own network
Innovations in the space are improving people’s access to their money, enabling financial inclusion and saving people time as well as creating a new range of financial products for people.
Monevo has recently made another new hire in order to strengthen the product, data and technology side of the team. Fraser Brown has joined the Monevo UK team as Senior Data Analyst, based in Alderley Edge, Cheshire.
Monevo, the personal credit platform and API, has recently made a new hire in order to strengthen the product, data and technology side of the team. Joe Coughlin has joined Monevo as Analytics Lead, based at the UK HQ in Alderley Edge.
Nicholas has been with Monevo US for just over a year and a half, continuing a distinguished career in fintech and marketplace partnerships that stretches back over a decade. Most of his previous experience had come from Bankrate and high-growth startups, where he focused on building strategic partnerships, ensuring that consumers could make big financial decisions with the help of insightful content and having the right technology in place.
Our Integrations and Decisioning Lead, Tim Rutter, is integral to onboarding partners and lenders, ensuring a smooth integrations process from start to finish. Due to his efforts, Monevo has a 100% success rate when it comes to lender integrations.
We have looked into what Biden’s presidency might mean for the consumer lending market here in the US and what changes we can expect in 2021 as the new administration looks to make a positive impact on the economy.
UK Territory Director Dawn Wood has analysed how Monevo have implemented Open Banking in 2020 in partnership with AccountScore. This will benefit both consumers and lenders as we continue to refine this new journey into 2021.
A recent article published by Credit Strategy has indicated that the popularity of Open Banking has risen to over 2 million in the UK. We’ve looked into the current state of play and how it is currently benefiting consumers and lenders in the industry.
Monevo's UK Territory Director Dawn Wood examines the recent surge in car finance applications in Q2, 2020 alongside insights and car finance trends from Monevo's personal loan marketplace and platform.