Fintech Lending 101 Lesson 2 – Client Origination in the Age of Digital Lending by Greg Krasnov

“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

Fintech Lending 101 Lesson 3 – Alternative Scoring – Friend or Foe? 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

Fintech Lending 101 Lesson 4 – “To bot or not to bot” – Ops and Collections in the age of AI 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

Which Digital Lenders Will Survive Next Downcycle? by Greg Krasnov, CEO & Founder, tonik

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

Investing Effectively as a Couple

Marriage is more than just love, couplehood and kids/parenthood. It brings along new financial responsibilities too. The planning for the joined future of course ideally should start with / include open conversations on your values and finances. Beyond a sensible family budget and spending understanding, couples need to grow their nest egg too.  So what … Continue reading Investing Effectively as a Couple