Join this webinar to hear how two innovative fintechs address this challenge by using an external data platform.
The post Webinar: Overcome External Data Deployment Challenges to Launch and Scale Innovative Financial Products, March 30, 2022 appeared first on LendIt Fintech News.
Wednesday, March 30, 2 p.m. EDT
The financial services market is undergoing an intense period of product innovation, with both fintechs and incumbents launching new financial products (e.g., “buy now, pay later,” cash advance, virtual cards, etc.).
These products depend on accurate, timely, and trustworthy external data for use cases, including marketing, customer onboarding, underwriting, credit, fraud detection, and portfolio monitoring, among others.
The matrix of product offerings and use cases can be challenging for FIs on two fronts. First, finding, testing, and integrating suitable external data sources for each use case can be overwhelming among the sea of available data products can be overwhelming. Second, as FIs scale, managing the overhead of data vendor contracts across differing regulations is not a trivial task. These challenges frequently result in delays to product launches and workflow optimizations (e.g., improving fraud detection by adding additional data sources).
Join this webinar to hear how two innovative fintechs address this challenge by using an external data platform that includes 700+ ready-to-integrate data products, a data orchestration layer to customize integrations, and a searchable data catalog.
The post Webinar: Overcome External Data Deployment Challenges to Launch and Scale Innovative Financial Products, March 30, 2022 appeared first on LendIt Fintech News.
