Learn about the top 5 trends and twists all financial services companies should be monitoring and embracing in 2017. From the transition to a Trump presidency to digital credit marketing to threats of fraud as the result of loan stacking, dig into the details here.

1. to watch for in
andtwists
FINANCIAL TRENDS
TOP 5
2017

2. There will be a realignment of policy and
federal priorities to reflect the economic
agenda of the Republican Congress.
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President Trump
heads to Washington1

3. Many expect the Trump Administration to move
forward with a deregulatory agenda that will
likely include reform of the Dodd-Frank Act and
the Consumer Financial Protection Bureau.
Top 5 financial trends and twists to watch for in 2017 2 0f 16

4. including replacing single
director with bipartisan
commission and placing the
CFPB under the Congressional
appropriations process.
Structure of CFPB
may also be reformed
Top 5 financial trends and twists to watch for in 2017 3 0f 16

5. Innovators are responsibly looking for
alternative forms of data to assess an
applicant’s creditworthiness.
See the customers,
score more customers2
Top 5 financial trends and twists to watch for in 2017 4 0f 16

6. Rental data, utility, and mobile phone payments
are part of the solution for getting more companies to
furnish credit data to the bureaus.
Pay
Top 5 financial trends and twists to watch for in 2017 5 0f 16

7. With more insights,
an “invisible” consumer
becomes “visible.”
80% of the newly
visible population
are the younger
generation.
Top 5 financial trends and twists to watch for in 2017 6 0f 16
20% likely
immigrants.

8. Consumers of all generations expect to
have their data connected and aggregated
seamlessly online.
Get it together people,
the data that is3
Top 5 financial trends and twists to watch for in 2017 7 0f 16

9. Deeper insights can help lenders
change a thin-file consumer into
a thick-file consumer.
Credit data and transaction-level
data will be used to quickly
assess income and credibility.
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10. Lenders and consumers will experience a
streamlined lending process and faster transactions.
Top 5 financial trends and twists to watch for in 2017 9 0f 16

11. Online marketplace lenders fall victim to
“loan stacking” fraud when they utilize their
more “flexible” credit-risk assessment.
Sorry Fintech, you’re not
immune to fraud4
Top 5 financial trends and twists to watch for in 2017 10 0f 16

12. Top 5 financial trends and twists to watch for in 2017 11 0f 16
“Loan stacking”
is when multiple loans are
taken out by borrowers who
slide through the automated
underwriting process.

13. Analysts predict online
marketplace loan volumes
in the U.S. could reach
$90 billion by 2020.
This loophole results in
borrowers taking multiple
loans from lenders, often in
a short period of time, with
declining ability to pay.
Top 5 financial trends and twists to watch for in 2017 12 0f 16

14. Today, the world commands and demands
a digital experience. And this applies to
offers of credit as well.
A firm offer of credit,
delivered digitally,
just for me?
4
Top 5 financial trends and twists to watch for in 2017 13 0f 16

15. Solutions now exist to help lenders deliver relevant,
firm offers of credit to consumers via digital channels.
Top 5 financial trends and twists to watch for in 2017 14 0f 16
APPROVED!

16. “With consumers looking at
their smartphones an average
of 105 times per day and
online purchases being
completed with just a few
clicks, we want to be there to
offer the customized and
optimized experience that
consumers demand.”
-Alex Linter
President, Consumer Information Services, Experian
Top 5 financial trends and twists to watch for in 2017 15 0f 16

17. What are your predictions
for 2017 as it pertains to
the world of financial
services?
Top 5 financial trends and twists to watch for in 2017 16 0f 16
To learn more about
Experian’s annual studies
and thought leadership,
visit:
www.experian.com/blogs/insights