“Shallow men believe in luck. Strong men believe in cause and effect.”  (Ralph Waldo Emerson)Loan origination is the process by which a borrower applies for a new loan, and a lender processes that application. To understand origination, we need to introduce two additional concepts: “Channel” and “Front End.”“Channel” is a method used by a company to … Continue reading Fintech Lending 101 Lesson 2 – Client Origination in the Age of Digital Lending by Greg Krasnov →

Imagine you are riding on the underground and you receive a text message: “Warning! Be careful! You are sitting next to an untrustworthy person.”  Better yet – imagine the person sitting next to you receives such a message with your photo included.Chills down your spine? For sure.  Real? Very.  This is already happening in China.Technology has given … Continue reading Fintech Lending 101 Lesson 3 – Alternative Scoring – Friend or Foe? by Greg Krasnov →

“Good morning Sir.  This is Siri.  I have a reminder from your bank that your loan payment of $356.89 is due tomorrow.  Would you like me to make the payment for you?” – “Yes, Siri.” – “Thank you, Sir, your payment has been made.” Far-fetched?  Not really.  I believe that we are only 3-4 years … Continue reading Fintech Lending 101 Lesson 4 – “To bot or not to bot” – Ops and Collections in the age of AI by Greg Krasnov →

Exactly a decade ago, in September 2008, I was sitting in my office in Kiev, Ukraine with the CFO and CRO of the consumer lending bank I co-founded two years prior.  Lehman just went bust.  Global markets were in a meltdown.  Who will fall next?  We were sitting on a $50M pile of interbank cash … Continue reading Which Digital Lenders Will Survive Next Downcycle? by Greg Krasnov, CEO & Founder, tonik →