USE CASES

PERSONAL LENDING

Grow your lending portfolio and be there for your customer when they need financial flexibility.

OUR CUSTOMERS

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WHY IT MATTERS

BUSINESS CHALLENGE

Personal lending offers are often delivered without accounting for the individual customer’s life stage or situation, leading to mis-matched product fit and low acquisition success.

BUSINESS SOLUTION

Flybits enables banks and credit unions to leverage proprietary and public data of their customers to provide personalized, segment of one lending journeys to ensure customers can get the financial flexibility at the moment they need it the most.

Flybits has been a true partner and extension of our team. The platform allows us to have more personalized and contextualized conversations with our customers, and we've derived immediate value from being able to better understand and cater to those who bank with us.

Vipul Lalka
Associate Vice President and Head of North American Mobile Platforms, TD

BENEFITS

Next Best Offer

Improve conversion rate by hyper-targeting customers with best fit lending product.


Optimize Revenue And Risks

Provide a more comprehensive view of lending customers to increase LTV while mitigate undue risk.

Win In The Market

Enable quick time-to-market to prevent competitors from stealing share of wallet.

USE CASES

Cross-sell a personal loan to your credit card revolver customers.

DID YOU KNOW?

Debt consolidation is cited as the number one reason customers were considering taking a personal loan. Home renovation project is ranked as the second reason.

pre approved offer use case

Pre-approval offer for high value customers.

DID YOU KNOW?

Customers who apply for a personal loan entirely online have the highest customer satisfaction score, 137 points increase compared to non-digital segments.

Complimentary, moment-driven nudges to drive Line of Credit utilization.

DID YOU KNOW?

Line of Credit super-prime borrowers only use 5.6% of available credit on average, while prime borrowers only use 27.5%.

line of credit use case

Looking to learn more?

Download our eBook to discover easy-to-implement use cases fro growing your lending portfolio.

Personal Lending Ebook Cover