PRESENTER(S):

Jeff Keltner, Head of Business Development, Upstart

Rob Perrelli, SVP, Head of Product – Consumer Lending, TCF Bank

ABOUT THE WEBINAR:

Consumers are embracing unsecured fixed term loans as a more desirable method for funding their short term financial needs such as paying down credit card debt, renovating their home or purchasing a used car.  For many, this loan type is replacing traditional solutions including HELOCs and auto loans. Despite their smaller size, these loans can be big business for banks with the right offering.

Consumers are increasingly drawn to these products because of the fast process, affordable rates, and seamless digital experience. Not surprisingly, most of these loans are being originated by fintechs who are meeting the consumers’ needs. Accounting for the majority of originations, these lenders have set the standard for the lending process and defined the consumer expectation. 

The tide, however, appears to be turning. Increasingly, traditional lending institutions are investing and competing for this business - and winning.

Hear how TCF came to the decision to invest in this product, their process for implementing and executing fintech innovation and the results that they are seeing in the market. Like TCF, banks can leverage the right technology partner to offer an exceptional product that best meets their consumers’ needs, reduces “off us” leakage, and grows their consumer lending business.

THIS WEBINAR WILL COVER:

1. Why consumers are rushing to fintechs for unsecured fixed term loans - making it the fastest growing category of consumer lending.
2. Why digitizing legacy processes isn’t enough - to capture all of the value, lenders must combine a strong consumer experience with smarter decisioning and verification.
3. How lenders can launch a next generation consumer lending product, within their current credit risk universe, that results in profitable growth and extremely satisfied customers.

TOP 3 BENEFITS TO ATTENDEES:

1. Learn why consumers are leveraging unsecured loans more - including the replacement of HELOCs and Auto loans.
2. Learn how TCF recognized an unmet need with their clients, their process for selecting the right solution/partner and their journey for executing change management activities including engaging their customer-facing bankers.
3. Discover how to quickly grow a digital-first lending business profitably - reducing “off us” loans and increasing access to credit for more borrowers.

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