Driving Growth in an Economic Slowdown

Lenders currently face a time when positive credit growth is overshadowed by ongoing economic uncertainty, rising inflation and interest rates, wavering consumer confidence, and increasingly sophisticated consumer fraud and organized cybercrime.

In a recent webinar, Matt Fabian from TransUnion and Cheryl Woodburn from Provenir, a global leader in AI-powered risk decisioning software, shared perspectives on the Canadian economy. They discussed how data-driven insights, AI and machine learning can help lenders manage risk, respond swiftly to market changes and devise new opportunities to best serve customers.

We also revealed the results of targeted audience research responding to critical questions, including:

• Can your organization quickly adapt to changing market conditions?
• Are you confident your current credit models are good predictors?
• Does your existing technology give you the ability and flexibility to respond rapidly to today’s market changes? 
• What’s the largest fraud type seen in your business right now?
• Do you need new data and technology to address the changing environment?