How AI credit scoring works in lending (and where it fails)
Artificial intelligence is changing how lenders assess credit risk by analyzing large volumes of data faster and more accurately than traditional scoring models. But while AI can improve decision-making, it is not without limitations. This article explores how AI credit scoring works, the data it relies on, where it delivers the most value, and the challenges lenders must address to ensure fair, transparent, and reliable lending decisions.
Companies And Allied Matters Act, 2020 (CAMA)
Companies And Allied Matters Act, 2020 (CAMA) is the legislation that covers how companies are incorporated, governed, and what happens when things go wrong.
How to get an FCA consumer credit license in the UK
Obtaining an FCA consumer credit license is a key step for businesses that want to offer loans, credit cards, BNPL, or other consumer credit products in the UK. This guide explains who needs FCA authorization, the application process, eligibility requirements, expected costs, and practical tips to help lenders navigate the licensing process successfully.
Federal vs provincial lending regulation in Canada
Understanding Canada's lending regulations starts with knowing the difference between federal and provincial oversight. While federally regulated financial institutions operate under national laws, many lenders are governed by provincial legislation that varies across jurisdictions. This article explains how these two regulatory frameworks differ, who they apply to, and what lenders need to know to stay compliant when operating in the Canadian lending market.
How to get a money lending license in Florida
Obtaining a money lending license in Florida is a crucial step for anyone looking to operate a lending business legally within the state. The process involves meeting regulatory requirements, submitting the necessary applications, demonstrating financial responsibility, and complying with ongoing state oversight. Whether you plan to offer consumer loans, installment loans, or other credit products, understanding Florida’s licensing framework can help you avoid costly mistakes and launch your lending business with confidence.
👥 Copy admin users and roles on notification events
Hello there! 👋 Happy new month and welcome to June! Can you believe we’re already at the halfway mark of 2026? With just one month left in Q2, this is a great opportunity to pause and evaluate your progress so far. The goals you set at the beginning of the year may have evolved, and […]
How to get a money lending license in California
Starting a lending business in California requires more than capital and a business plan—it also requires obtaining the appropriate money lending license and complying with state regulations. From meeting financial and legal requirements to submitting applications and maintaining ongoing compliance, the licensing process can be complex for new lenders. This guide breaks down the key steps involved in securing a money lending license in California and what aspiring lenders need to know before launching operations.
Zoho Books vs QuickBooks for loan businesses
Choosing the right accounting software can have a significant impact on the efficiency and profitability of a loan business. While both Zoho Books and QuickBooks offer powerful financial management capabilities, they differ in areas such as automation, integrations, scalability, pricing, and ease of use. This article compares Zoho Books and QuickBooks from the perspective of lenders, helping you determine which platform is better suited for managing loan operations, tracking repayments, maintaining compliance, and supporting business growth.
World Bank approves $500m for Nigerian MSMEs: what businesses, banks, and lenders should know
The World Bank has approved a $500 million financing package for Nigerian MSMEs under the Fostering Inclusive Finance for MSMEs in Nigeria project, better known as FINCLUDE.
Frequently asked questions on direct debit setup and authorization
Direct debit setup and authorization can be confusing for both lenders and borrowers, especially when it involves mandates, bank approvals, repayment schedules, failed debits, and consent requirements. This article answers some of the most common questions about direct debit systems, explaining how authorization works, how mandates are created and managed, what causes debit failures, and the best practices lenders should follow to ensure compliant and reliable repayment collections.
How Lendsqr saved 90% on infrastructure cost
Earlier in the year, Lendsqr implemented a strategic cloud services consolidation and migration that saved about 90% infrastructure cost on an annualized basis. It’s story when told sometimes sounds like magic and modern era impossibility. But it’s true as daylight. It started with a talk DHH gave that a lot of engineers passed around 2023. […]