Bibliographic Details
| Title: |
STATE OF THE UNION. |
| Authors: |
NOGUEIRA, CELSO1 |
| Source: |
Credit Management. Oct2024, p24-26. 3p. |
| Subject Terms: |
*Consumer behavior, *Regulation of financial institutions, *Chief strategy officers, *Internet gambling, *Financial stress |
| Company/Entity: |
Financial Conduct Authority (Great Britain) |
| Abstract: |
The article discusses the state of the credit reference agency (CRA) sector and its potential for growth. It emphasizes the importance of future-proofing strategies, such as investing in technology and digitization, to attract and support customers while ensuring responsible lending. The article also highlights the increasing risk of fraud in the digital landscape and the need for robust fraud prevention strategies. Additionally, it mentions the growing importance of Open Banking and the regulatory challenges faced by financial institutions, particularly in treating vulnerable customers fairly. Overall, the article suggests that businesses in the CRA sector should prioritize continuous innovation and leverage enriched credit data and emerging technologies to understand consumer behaviors, comply with regulations, and stay ahead in the market. [Extracted from the article] |
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| Database: |
Business Source Complete |
