LendIt 2018 Takeaways: Reviewing the Competitive Advantage with Clarity’s Comprehensive Data https://goo.gl/vUJXbg

1. LendIt 2018 Takeaways:
Reviewing the Competitive Advantage
with Clarity’s Comprehensive Data
Andrew Sheehan & Angela Granger

2. Much of the lending industry has come to embrace the
value of comprehensive data for spotting new growth
opportunities. That’s why our most recent analysis –
Clarity’s 2018 Alternative Financial
Services Lending Trends Report –
is the perfect complement to
traditional credit reporting.
Our study analyzes the trends and financial
behavior of subprime consumers by looking at
application and loan data in our specialty credit
bureau from 2013 through 2017.

3. One of our biggest takeaways after
five years is that online loan volumes
continue to climb year after year.
39%
32%25%
2%2%
Silent Boomer Gen X
Millennial Gen Z
Index
Growth of Funded Loan Volume ($) – Online Installment Online Channel

4. Alternative credit data addresses a
number of lending opportunities, including:
How to respond to underserved
population segments
Insight into underdeveloped markets with
new options (e.g. alternative finance)
Parse data assets & engage consumers

5. New perspective with the most
comprehensive alternative credit data
Improve capability to predict consumer’s
ability to pay
Access to data not reported to national
credit bureaus
Fast-track path to compliantly
operationalize & scale new segments

6. Be predictive,
not reactive.
More lenders are discovering the
opportunities that exist in the
subprime credit demographic.
Now is your time to act!
Download the Report at
ClarityServices.com/2018Trends