DD3 Media’s Post

How the New Consumer Finance Policy Impacts Canadian Lendersa 🌟 What does the new consumer finance policy mean for Canadian lenders? 🌟 "Probably one of the most substantial pieces of policy change in Canada within consumer finance," explains Tal Schwartz, Founder of Canadian Fintech. 🏦📉 Hosts Tedd Huff and Colton Pond explore how the new policy lowering the allowable rate of interest from 47% to 35% APR will affect Canadian lenders. This change means prime lenders may no longer be able to service risky borrowers, impacting the entire lending landscape. 💼🇨🇦 Sign up for Fintech Confidential emails at https://lnkd.in/gCSGeSDh 1️⃣ Interest rate changes 2️⃣ Impact on prime lenders 3️⃣ Ripple effects on the economy This episode discusses how risky borrowers might turn to unregulated channels, creating potential economic challenges. 📊💡 Accrued, a Fintech Confidential series presented by LoanPro #CanadianFintech #AIinFintech #FintechPodcast #LoanPro #FintechCanada #AIBanking #CustomerSupportAI #FintechRegulations #FintechInnovations #FinancialServicesAI #CanadianLenders #FintechNews #FintechUpdates #FintechTrends #AIAdjudication #FintechIndustry #FintechInsights #DigitalBanking #FintechChallenges #FintechGrowth #FintechFuture #PodcastEpisodes #ExpertInsights #TeddHuff #ColtonPond #TalSchwartz Tedd Huff DD3 Media Fintech Confidential

How the New Consumer Finance Policy Impacts Canadian Lendersa 🌟 What does the new consumer finance policy mean for Canadian lenders? 🌟 "Probably one of the most substantial pieces of policy change in Canada within consumer finance," explains Tal Schwartz, Founder of Canadian Fintech. 🏦📉 Hosts Tedd Huff and Colton Pond explore how the new policy lowering the allowable rate of interest from 47% to 35% APR will affect Canadian lenders. This change means prime lenders may no longer be able to service risky borrowers, impacting the entire lending landscape. 💼🇨🇦 Sign up for Fintech Confidential emails at https://lnkd.in/dUBRYH5d 1️⃣ Interest rate changes 2️⃣ Impact on prime lenders 3️⃣ Ripple effects on the economy This episode discusses how risky borrowers might turn to unregulated channels, creating potential economic challenges. 📊💡 Accrued, a Fintech Confidential series presented by LoanPro #CanadianFintech #AIinFintech #FintechPodcast #LoanPro #FintechCanada #AIBanking #CustomerSupportAI #FintechRegulations #FintechInnovations #FinancialServicesAI #CanadianLenders #FintechNews #FintechUpdates #FintechTrends #AIAdjudication #FintechIndustry #FintechInsights #DigitalBanking #FintechChallenges #FintechGrowth #FintechFuture #PodcastEpisodes #ExpertInsights #TeddHuff #ColtonPond #TalSchwartz Tedd Huff DD3 Media Fintech Confidential

How the New Consumer Finance Policy Impacts Canadian Lenders 🌟 What does the new consumer finance policy mean for Canadian lenders? 🌟 "Probably one of the most substantial pieces of policy change in Canada within consumer finance," explains Tal Schwartz, Founder of Canadian Fintech. 🏦📉 Hosts Tedd Huff and Colton Pond explore how the new policy lowering the allowable rate of interest from 47% to 35% APR will affect Canadian lenders. This change means prime lenders may no longer be able to service risky borrowers, impacting the entire lending landscape. 💼🇨🇦 Music by joystock.org Sign up for Fintech Confidential emails at https://lnkd.in/gCSGeSDh 1️⃣ Interest rate changes 2️⃣ Impact on prime lenders 3️⃣ Ripple effects on the economy This episode discusses how risky borrowers might turn to unregulated channels, creating potential economic challenges. 📊💡 Accrued, a Fintech Confidential series presented by LoanPro #CanadianFintech #AIinFintech #FintechPodcast #LoanPro #FintechCanada #AIBanking #CustomerSupportAI #FintechRegulations #FintechInnovations #FinancialServicesAI #CanadianLenders #FintechNews #FintechUpdates #FintechTrends #AIAdjudication #FintechIndustry #FintechInsights #DigitalBanking #FintechChallenges #FintechGrowth #FintechFuture #PodcastEpisodes #ExpertInsights #TeddHuff #ColtonPond #TalSchwartz Tedd Huff DD3 Media Fintech Confidential

🌟 What does the new consumer finance policy mean for Canadian lenders? 🌟 "Probably one of the most substantial pieces of policy change in Canada within consumer finance," explains Tal Schwartz, Founder of Canadian Fintech. 🏦📉 Hosts Tedd Huff and Colton Pond explore how the new policy lowering the allowable rate of interest from 47% to 35% APR will affect Canadian lenders. This change means prime lenders may no longer be able to service risky borrowers, impacting the entire lending landscape. 💼🇨🇦 Music by joystock.org Sign up for Fintech Confidential emails at https://lnkd.in/dUBRYH5d 1️⃣ Interest rate changes 2️⃣ Impact on prime lenders 3️⃣ Ripple effects on the economy This episode discusses how risky borrowers might turn to unregulated channels, creating potential economic challenges. 📊💡 Accrued, a Fintech Confidential series presented by LoanPro #CanadianFintech #AIinFintech #FintechPodcast #LoanPro #FintechCanada #AIBanking #CustomerSupportAI #FintechRegulations #FintechInnovations #FinancialServicesAI #CanadianLenders #FintechNews #FintechUpdates #FintechTrends #AIAdjudication #FintechIndustry #FintechInsights #DigitalBanking #FintechChallenges #FintechGrowth #FintechFuture #PodcastEpisodes #ExpertInsights #TeddHuff #ColtonPond #TalSchwartz Tedd Huff DD3 Media Fintech Confidential

🌟 What does the new consumer finance policy mean for Canadian lenders? 🌟 "Probably one of the most substantial pieces of policy change in Canada within consumer finance," explains Tal Schwartz, Founder of Canadian Fintech. 🏦📉 Hosts Tedd Huff and Colton Pond explore how the new policy lowering the allowable rate of interest from 47% to 35% APR will affect Canadian lenders. This change means prime lenders may no longer be able to service risky borrowers, impacting the entire lending landscape. 💼🇨🇦 Music by joystock.org Sign up for Fintech Confidential emails at https://lnkd.in/dUBRYH5d 1️⃣ Interest rate changes 2️⃣ Impact on prime lenders 3️⃣ Ripple effects on the economy This episode discusses how risky borrowers might turn to unregulated channels, creating potential economic challenges. 📊💡 Accrued, a Fintech Confidential series presented by LoanPro #CanadianFintech #AIinFintech #FintechPodcast #LoanPro #FintechCanada #AIBanking #CustomerSupportAI #FintechRegulations #FintechInnovations #FinancialServicesAI #CanadianLenders #FintechNews #FintechUpdates #FintechTrends #AIAdjudication #FintechIndustry #FintechInsights #DigitalBanking #FintechChallenges #FintechGrowth #FintechFuture #PodcastEpisodes #ExpertInsights #TeddHuff #ColtonPond #TalSchwartz Tedd Huff DD3 Media Fintech Confidential

Open finance is coming to Australia! 👉 We've got more details on the timeline for non-bank lending coming into the #ConsumerDataRight. To recap, at the CEDA - Committee for Economic Development of Australia breakfast in Sydney on 9 August 2024, Minister Stephen Jones announced that #CDR will designate non-bank lending in early 2025, for it to be operational by mid 2026, to provide a sufficient transition period. Now, the draft rules published in November include the updated timing for the CDR data sharing obligations to take effect. In a nutshell: 1. Product data sharing obligations will apply from 13 July 2026. (But there's no reason to wait! As we cover in our blog, there are benefits to sharing this data from the earliest possible date: 🔖 Read "Boosting the non-bank lender toolkit" - https://lnkd.in/gnmMG8Xp) 2. Consumer data sharing obligations will come in four phases from 9 November 2026 until 13 September 2027, beginning with the largest non-bank lenders and non-complex data requests. Consideration has been given to timing that aligns with when relevant Data Standards may take effect. #OpenBanking #OpenFinance #OpenData #FinTech

Invigoration of economy and markets means growth for specialist lending – Pike https://lnkd.in/eyyi9EwE #specialistlending

Demand for financing alternatives remains strong in the commercial real estate market, with non-bank lenders stepping up to fuel growth and diversification. A recent article delves into the emerging trends and competitive advantages offered by lending platforms beyond traditional banks. Key takeaways: - Non-bank lenders have become innovative in structuring deals, offering flexible terms to borrowers. - Competitive edge in the market is driven by technology, which has enabled lower operating costs and streamlined processes. - Investors are increasingly looking towards alternative lending sources for exposure to the property sector while mitigating risks. Overall, the shift towards non-bank lending platforms signifies an important evolution within the commercial real estate finance landscape. Stay informed on this trend as it continues to shape the industry, providing growth opportunities and financial solutions for professionals and investors. #commercialrealestate #realestatefinance #commercialmortgagebroker #alternativefinancing #nonbanklenders #propertyinvestment #CREindustry

Demand for financing alternatives remains strong in the commercial real estate market, with non-bank lenders stepping up to fuel growth and diversification. A recent article delves into the emerging trends and competitive advantages offered by lending platforms beyond traditional banks. Key takeaways: - Non-bank lenders have become innovative in structuring deals, offering flexible terms to borrowers. - Competitive edge in the market is driven by technology, which has enabled lower operating costs and streamlined processes. - Investors are increasingly looking towards alternative lending sources for exposure to the property sector while mitigating risks. Overall, the shift towards non-bank lending platforms signifies an important evolution within the commercial real estate finance landscape. Stay informed on this trend as it continues to shape the industry, providing growth opportunities and financial solutions for professionals and investors. #commercialrealestate #realestatefinance #commercialmortgagebroker #alternativefinancing #nonbanklenders #propertyinvestment #CREindustry

Fresh data shows big banks are pulling back from lending to SMEs, with a significant decrease in funding over the past year. High street banks are prioritizing larger firms, leaving SMEs to seek alternative financing solutions. In this challenging landscape, Treyd offers an important lifeline for growing businesses. We provide flexible inventory financing through our Sell first, pay suppliers later solution, allowing you to unlock capital tied up in stock and invest in growth. As traditional lenders step back, we're stepping up to support SMEs. #inventoryfinancing #smegrowth #businessgrowth #growthfinancing