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"At its core, Credit Canary is a data platform that consolidates and reconciles multiple different data sources in a standardised way to produce a really rich set of flags and real contextual insights. And the essence of that is flexibility within lending. With the data that we have, there is a great opportunity not just to help make better decisions, but to help make better lending products." - James Fell, Founder and CEO All too often, a borrower and their unique circumstances are thought about at the point of application and then entirely forgotten until a payment or two is missed. That might have been OK in a world of slow and scarce data, because what else could you do, but that excuse doesn't hold up any more - and with credit data, open banking data, and more, Credit Canary are helping us to put that right. You can find Credit Canary and view their offerings at https://www.creditcanary.co.uk/ James gives his email in the episode, or you can find him on LinkedIn https://www.linkedin.com/in/jamesafell/ In fact, the whole team is available there (https://www.creditcanary.co.uk/about)   And while you're there, find and connect with me at https://www.linkedin.com/in/brendanlegrange Meanwhile, my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is discussed at https://confirmu.com/ and on episode 24 of this show https://www.howtolendmoneytostrangers.show/episodes/episode-24 If you have any feedback or questions, or if you would like to participate in the show, please feel free to reach out to me via the contact page on this site. Keep well, Brendan Hosted on Acast. See acast.com/privacy for more information.

"It's important that in every interest rate environment, in every market environment, an average family can afford an average home" - Arjan Verbeek, co-founder at Perenna Bank. The UK mortgage market has long been underpinned by the belief that, as long as the music kept playing, you would be able to refinance from one lender's short-term teaser rate to the next, without ever having to pay the full price... but then the music stopped and UK borrowers found themselves saddled with fast-rising standard variable rates. Household budgets were torn to shreds, and all while inflation ran rampant on the High Street, too. Few escaped. And perhaps fewer still realised that variable rates were the reason they'd been unable to qualify for a mortgage in the first place. Variable rates can, of course, vary, and so, not wanting to carry the risk for this, lenders build a buffer to protect themselves through both a regulatory stress-test applied to affordability calculation and a significant down payment requirement. In a world where we all have to stretch ourselves incredibly thin to afford a house, that can be the difference between renting again and owning. If only there was another way... like, say, the way they've been doing it in Denmark for the last two hundred years! In today's episode, I'm speaking to Arjan Verbeek, co-founder and CEO at Perenna Bank and vocal proponent of fixed-price long-term mortgages in the UK. Perenna Bank is over at: https://perenna.com/ They're also on LinkedIn at https://www.linkedin.com/company/perenna/ As is Arjan himself, who is well worth the follow: https://www.linkedin.com/in/%F0%9F%87%B3%F0%9F%87%B1-arjan-verbeek-5884681/ And while you're there, find and connect with me at https://www.linkedin.com/in/brendanlegrange Meanwhile, my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is discussed at https://confirmu.com/ and on episode 24 of this show https://www.howtolendmoneytostrangers.show/episodes/episode-24 If you have any feedback or questions, or if you would like to participate in the show, please feel free to reach out to me via the contact page on this site. Keep well, Brendan Hosted on Acast. See acast.com/privacy for more information.

Big data analytics used to require multiple sources of data, fed into your systems via a complex array of pipes of varying structural integrity: leaks, hassles, and something to be left to only the most advanced of data organisations. In today's episode, we find out how all that has changed: "As the name suggests, we are one big data pipe with a lot of information flowing through it, and we fuse that with AI to produce some high-value analytical products coming out the other end. And this 360 degree view of a customer, with more than 500 unique attributes, is a pretty powerful position to be in. And from there, we can do some wonderful things in real-time." 1datapipe is at home at https://www.1datapipe.com/ and that's where you can arrange a demo Or you can find both 1datapipe (https://www.linkedin.com/company/1datapipe/) and the wider Provenir Group (https://www.linkedin.com/company/provenir-global/) on LinkedIn And while you're there, come and find and connect at https://www.linkedin.com/in/brendanlegrange Meanwhile, my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is discussed at https://confirmu.com/ and on episode 24 of this show https://www.howtolendmoneytostrangers.show/episodes/episode-24 If you have any feedback or questions, or if you would like to participate in the show, please feel free to reach out to me via the contact page on this site. Keep well, Brendan Hosted on Acast. See acast.com/privacy for more information.

Japan is an uncommon blend of known and unknown: I drive a Nissan, you might drive a Toyota, my TV is a Sony, and since my time in Hong Kong, my go-to beer on hot days is an ice-cold pint of Asahi... but I know little about their FinTech scene. So, to set that right, I sat down with Morris Iwai, a seasoned business executive with 20+ years of experience in the credit card, consumer lending, and payments industries of the US, Taiwan, Singapore, and, of course, Japan. Morris shares that experience - and some hard numbers - as we cover: An overview of the credit card and payments markets in Japan Tokyo, the new Fintech Hub in AsiaDigital Payment trends and the push towards cashless Insight on the Japanese consumer mindset The rise of BNPL and leading players in Japan Acceleration of e-commerce spend Challenges with the credit underwriting process  The state of Open Banking in Japan The impact of Digital Wallets and QR payment providers Future of payments in Japan and new opportunities  You can find Morris on LinkedIn at https://www.linkedin.com/in/morris-iwai/ And while you're there, come and find and connect at https://www.linkedin.com/in/brendanlegrange Or see this all happening in the flesh by attending one of these great upcoming events: Japan Fintech Festival, Sushi Tech Tokyo, or Fintech Summit Need help launching your startup in Japan? Check out www.launchstarz.com/ for more details. Meanwhile, my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is discussed at https://confirmu.com/ and on episode 24 of this show https://www.howtolendmoneytostrangers.show/episodes/episode-24 If you have any feedback or questions, or if you would like to participate in the show, please feel free to reach out to me via the contact page on this site. Keep well, Brendan Hosted on Acast. See acast.com/privacy for more information.

You can't afford rigid systems in a world that moves fast, but also, for a long time at least, you couldn't afford agile systems in a more dollars and cents sort of way. But these days you can. Timvero's solutions are all laid out at https://timvero.com/ or head towards a demo by jumping straight to https://timvero.com/request-a-demo/ You're welcome to start a discussion with Dmitriy over on LinkedIn https://www.linkedin.com/in/dmitriy-wolkenstein-7a19b79a/ And while you're there, come and find and connect at https://www.linkedin.com/in/brendanlegrange As mentioned more than once in this episode, my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is at https://confirmu.com/ and on episode 24 of this very show https://www.howtolendmoneytostrangers.show/episodes/episode-24 If you have any feedback or questions, or if you would like to participate in the show, please feel free to reach out to me via the contact page on this site. Keep well, Brendan Hosted on Acast. See acast.com/privacy for more information.

When you want a model, you typically start with a target variable in mind. But sometimes that's not possible. Perhaps you're entering a new market or expanding into a new niche, you could start lending on a small scale and wait to see what happens. We used to call that a deep risk test, often somewhat euphemistically when a cohort was accidentally approved through a gap in the system. But even if you're happy to take a chance, that takes time - there's no way to shortcut a 12-month outcome. Enter the u-score, Matogen AI's novel approach to applying an analytical layer to the old-fashioned expert model. In today's episode, I'm speaking to Jacobus Eksteen to learn more about how they did this with Open Banking data from DirectID. This provides a way to jumpstart an Open Banking modelling project, but Open Banking has many arrows in its quiver, so I also speak to Clare McCaffery about the state of the landscape. Clare is Chief Commercial Officer at DirectID and can be found at https://www.direct.id/ Jacobus is CEO at Matogen Applied Insights and they can be found at https://ai.matogen.com/ And of course, they're both on LinkedIn at https://www.linkedin.com/in/clare-mccaffery-045a7113/ and https://www.linkedin.com/in/jacobuseksteen/ And while you're there, come and find and connect at https://www.linkedin.com/in/brendanlegrange As mentioned more than once in this episode, my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is at https://confirmu.com/ and on episode 24 of this very show https://www.howtolendmoneytostrangers.show/episodes/episode-24 If you have any feedback or questions, or if you would like to participate in the show, please feel free to reach out to me via the contact page on this site. Keep well, Brendan Hosted on Acast. See acast.com/privacy for more information.

"Causality is the new explainability." We all know credit limit increases are one of the most, if not the most, important levers in the card profit model. And we all know the reality of managing credit limits is far more complicated than the theory - every action has a reaction and all of that. So we focus on pulling back and releasing the spring of the pinball machine and then just get ready to react as best we can. But as data analytic techniques become more advanced, we can plan more and leave less to chance. So in this episode, I sit down with Dr Cristian Bravo, from Ontario's Western University, to talk about Sherly Alfonso-Sánchez's research into "Causal Learning for Credit Limit Adjustment in Revolving Lending Under Adversarial Goals" Western University has data science programs at https://uwo.ca/sci/datascience/index.html The Banking Analytics Lab is at https://thebal.ai/ If you'd like to speak to Cristian, or just stay up to date with the work he and the BAL are publishing, you can find him on LinkedIn https://www.linkedin.com/in/cristianbravor/ In our chat, Cristian mentions an early version of this research - that paper can be found and downloaded here: https://arxiv.org/abs/2306.15585 Or go read Sherly's blog on this same topic at https://thebal.ai/2023/07/11/optimizing-credit-limit-adjustments-under-adversarial-goals-using-reinforcement-learning/ Then come and find me on LinkedIn, and while you're there, send me a connection request: https://www.linkedin.com/in/brendanlegrange As mentioned more than once in this episode, my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is at https://confirmu.com/ and on episode 24 of this very show https://www.howtolendmoneytostrangers.show/episodes/episode-24 If you have any feedback or questions, or if you would like to participate in the show, please feel free to reach out to me via the contact page on this site. Keep well, Brendan Hosted on Acast. See acast.com/privacy for more information.

I've got a drawer in my bedside table that is filled with an assortment of foreign notes and coins: euros and dollars and Rands that I need relatively often but that I'll nevertheless forget to take when I travel next; some Indian rupees that have long since been decommissioned; some Hong Kong dollars because how can it have taken me four years to find an excuse to get back; some, what I think are Cambodian riel; and an unseemly number of hotel room keys. It's chaotic, but even more organised people than me have to work extremely hard to keep international trade relatively efficient, with multiple accounts at different banking institutes to Rands into American dollars so those can be turned into Hong Kong dollars. Or at least they did, Currencycloud makes this easy to do, enabling efficient cross-border lending at cross-border lending operations at scale. One example doing it really well, is the Spanish startup Ritmo. Ritmo is at home online at https://www.getritmo.com/ and on LinkedIn at https://www.linkedin.com/company/ritmo-capital/ And as he mentions on the show, you can either email Jorge directly, or find him at https://www.linkedin.com/in/jorge-juttner-cfa-55a3a068/ Currencycloud can be found at https://www.currencycloud.com/ and on LinkedIn at https://www.linkedin.com/company/the-currency-cloud/ And if you'd like to learn more about what Currencycloud can do for your international business, Maggie can be found at https://www.linkedin.com/in/maggie-gemmill-779697119/ LinkedIn is also where you'll find me, and when you do, send me a connection request: https://www.linkedin.com/in/brendanlegrange As mentioned more than once in this episode, my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is at https://confirmu.com/ and on episode 24 of this very show https://www.howtolendmoneytostrangers.show/episodes/episode-24 If you have any feedback or questions, or if you would like to participate in the show, please feel free to reach out to me via the contact page on this site. Keep well, Brendan Hosted on Acast. See acast.com/privacy for more information.

No good deed goes unpunished and no well-intentioned government loan program goes undefaulted upon, even more so when that government program was designed and implemented in the chaotic early days of the COVID lockdowns. We've all seen the headlines, but what do the numbers say, what sort of businesses have been defaulting on COVID loans in the UK? Well, Dr Maurizio Fiaschetti is writing the paper on it - along with Drs Ahmed Barakat, Meryem Duygun, Eddie Gerba (PhD), Tian Han, Enrico Onali, Afshin Sabri, Mike Tsionas and Huamao Wang - so I sat down with him to learn more. You can reach out to Maurizio at https://www.linkedin.com/in/maurizio-fiaschetti-6979073/ to learn more about the research and the publication schedule If you're interested in studying further at UCL, or indeed in reading their research, you can find the Institute of Finance & Technology at https://www.ucl.ac.uk/institute-finance-technology/ucl-institute-finance-technology And they're also on LinkedIn (https://www.linkedin.com/company/ucl-institute-of-finance-and-technology/) Surprise, surprise, LinkedIn is also where you'll find me, and when you do, send me a connection request: https://www.linkedin.com/in/brendanlegrange My action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is at https://confirmu.com/ and on episode 24 of this very show https://www.howtolendmoneytostrangers.show/episodes/episode-24 I met Maurizio while in Edinburgh at the 18th meeting of the Credit Scoring and Credit Control Conference - the next one is in two years' time and it’s well-worth planning for. In the meantime, follow the CRC’s work at https://www.crc.business-school.ed.ac.uk/home If you have any feedback or questions, or if you would like to participate in the show, please feel free to reach out to me via the contact page on this site. Keep well, Brendan Hosted on Acast. See acast.com/privacy for more information.

Nearly two out of every three Colombian jobs are in the informal economy! That's a huge number that needs to come down, and no doubt it will, but until then, someone really needs to bring the benefits of formal financing to the small business owners in the informal sector. Enter Quipu with whose AI-powered loan decisions "growing is easier, fairer and more alternative". You can find Viviana on LinkedIn at https://www.linkedin.com/in/viviana-siless/ There's a Quipu page there, too, https://www.linkedin.com/company/quipulatam/ but there's even more information on their homepage over at https://quipu.com.co/ I am on LinkedIn, too, so feel free to find me and send me a connection request there: https://www.linkedin.com/in/brendanlegrange My action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is at https://confirmu.com/ and on episode 24 of this very show https://www.howtolendmoneytostrangers.show/episodes/episode-24 I met Viviana while in Edinburgh at the 18th meeting of the Credit Scoring and Credit Control Conference - the next one is in two years time and it’s well-wroth planning for. In the meantime, follow the CRC’s work at https://www.crc.business-school.ed.ac.uk/home If you have any feedback or questions, or if you would like to participate in the show, please feel free to reach out to me via the contact page on this site. Keep well, Brendan Hosted on Acast. See acast.com/privacy for more information.

We all love how easy it is to change bank accounts these days... until it is our customers (and their planned-on deposits) who are moving. After all, we just sent them a pamphlet that very clearly invited them to apply for a loan at an APR of between 5% and 25% variable on term and risk and changes in the base rate, and subject to final credit checks, and late fees and penalties could apply in certain circumstances - that's a good deal, what was there to not understand? Our lending business have changed dramatically, the way in which we communicate with our customers needs to change, too. In this episode, we chat about deposits and, in particular, about how influencer marketing and affiliate marketing is moving attention and balances to the organisations who know how best to speak to their customer base In this episode, I'm speaking to Nicky Senyard from Fintel Connect: the leading partner marketing solution for financial services. Fintel Connect is at https://www.fintelconnect.com/ but of course, being in the influencer game, they're all over social media, too. Find them at LinkedIn (https://www.linkedin.com/company/fintelconnect/) and Instagram (https://www.instagram.com/fintelconnect/) for a start. Nicky is on LinkedIn, too https://www.linkedin.com/in/nickysenyard/ And that's where you'll find me https://www.linkedin.com/in/brendanlegrange (send me a connection request there) My action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is at https://confirmu.com/ and on episode 24 of this very show https://www.howtolendmoneytostrangers.show/episodes/episode-24 If you have any feedback or questions, or if you would like to participate in the show, please feel free to reach out to me via the contact page on this site. Oh, and as mentioned, you should be following Marcel van Oost if you are not already https://www.linkedin.com/in/marcelvanoost/ Keep well, Brendan Hosted on Acast. See acast.com/privacy for more information.

It's only thirty years since Lithuania's broke free from the Soviet Union, but already it's home a buzzing fintech scene: "Leapfrogging was probably the largest idea behind the Lithuanian success". Join me and Jekaterina Rojaka, Chief Commercial Officer (CCO) at Creditinfo Lietuva, as we explore the roots of that success. Creditinfo Lithuania can be found at https://lt.creditinfo.com/en/ or jump straight to https://lt.creditinfo.com/en/strongest-in-lithuania/ for award-winning Lithuanian businesses But, as we've covered on this show before, they've got operations all over the world, so you can also head to https://creditinfo.com/ to find your closest office On LinkedIn, you can follow them at https://www.linkedin.com/company/creditinfo-lietuva/ but they're also on Facebook and Youtube And that's where you'll find Jekatarina, too: https://www.linkedin.com/in/jekaterina-rojaka-49909910/ I am on LinkedIn, too, so feel free to find me and send me a connection request there: https://www.linkedin.com/in/brendanlegrange My action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is at https://confirmu.com/ and on episode 24 of this very show https://www.howtolendmoneytostrangers.show/episodes/episode-24 If you have any feedback or questions, or if you would like to participate in the show, please feel free to reach out to me via the contact page on this site. Keep well, Brendan Hosted on Acast. See acast.com/privacy for more information.