Trust Science

🚀 Trust Science Named a Fastest Growing Company in 2023! 🏆 For the second consecutive year, Trust Science has secured the prestigious #20 spot on The Globe and Mail's list of Top Growing Companies for 2023. This recognition by Canada's equivalent of the Wall Street Journal is a testament to our unwavering commitment to innovation and excellence in the lending industry. Further, this recognition builds on this year's Top-30 position on the Financial Times and Statista's list of Fastest Growing Companies in the Western Hemisphere! Our three-year revenue growth has skyrocketed, exceeding a remarkable 1,800%, a remarkable achievement that reflects our dedication to redefining lending through cutting-edge technology. At Trust Science, we are more than just a score provider; we've evolved into a comprehensive lending solutions provider. From our Virtual Loans Officer automating lending decisions to Generative AI products collecting real-time data, we empower lenders to serve more customers with less risk. What truly sets us apart is our commitment to fairness and inclusion. With our explainable AI platform, we ensure that no one is left behind in the modern economy. Our mission is to repair the Credit Catch-22™ and foster financial inclusion. As we continue to innovate and grow, we look forward to another year of success and making an impact. Read the full press release here: https://lnkd.in/gAEPtfcX #FastestGrowingCompany #FinancialInclusion #Innovation #Lending #AI 

Headed to the Canadian Lenders Association's Lender Summit this week? Stop by the Credit Modelling 101 session with Matthew Browning at 11:30am on November 6, or meet with our team throughout the event! #canadianlenderssummit #lending #credit #creditmodelling #fintech #cls2024

Trust Science is proud to support the Canadian Lenders Association and we look forward to meeting and networking with the many lending leaders at the 2024 Lenders Summit!

Trust Science is incredibly proud to share that, for the third consecutive year, we have been selected by The Globe and Mail as part of the #ReportOnBusiness #TopGrowingCompanies list! Following back-to-back top-20 placements in 2022 and 2023, Trust Science finished 96th this year on the 416-company list, and 9th among #FinTech companies. https://lnkd.in/g8vyTXPi -- Cherokee Media Group | Non-Prime Times | National Automotive Finance Association | INFiN | Online Lenders Alliance | Canadian Lenders Association | Canadian Fintech | Auto Finance News With special thanks to: Alberta Innovates | National Research Council Canada / Conseil national de recherches Canada | Edmonton Global | Plug and Play Tech Center | Plug and Play Canada | Connection Silicon Valley | Endless Frontier Labs #creditscoring #creditdecision #findinvisibleprimes #subprimecredit #lending

Last chance for our Q2 State of Lending Webinar! Tomorrow at 12PM ET!⏰ Join Colin Tran as he leads an insightful discussion on the economic and lender trends shaping consumer lending, including origination patterns, default trends and threats, and lender strategies on handling incoming volatility. 💡 If you haven't already, register here: https://lnkd.in/eA85jdsH See you there!

Weekly Insight 📈 The probability of a rate cut in the US on Sept. 18 is now 100%. The market-implied odds of a single 25 basis-point cut to the target federal funds rate at the Fed’s meeting now sit at 64%, with a possibility of a 50 basis-point cut, according to the CME Group’s FedWatch Tool. This anticipated rate cut will provide some needed relief to borrowers who are feeling the pinch, though we anticipate this relief will take time to reach all borrowers, especially those in subprime/high APR loans. Be sure to join us at our free Q2 State of Lending Webinar on August 28, where Colin Tran will speak on insights and trends in the US and Canada, including our outlook for the economy and how the rate cuts and other factors will impact lenders. Sign up here: https://lnkd.in/dSxBMW-y

Last chance!🚨Our webinar, Diversifying Lead Channels: How Risk-Informed Direct Mail Helps Lenders Grow, is tomorrow at 12pm MT/2pm ET! Join Colin Tran and Dennis Fish for an insightful discussion on how lenders are diversifying their customer acquisition efforts by using risk-informed Direct Mail. Don’t miss it! ⏰ Sign up here: https://lnkd.in/eT_ECMyT

Don’t miss our upcoming webinar: Diversifying Lead Channels: How Risk-Informed Direct Mail Helps Lenders Grow, on August 21st, 2024 at 12pm MT/2pm ET! 📅  🚀As demand for credit ebbs and lenders continue to compete for market share, branching out across multiple channels is critical to keep customer acquisition costs down and drive increased volume. Join our EVP Corporate Affairs, Colin Tran, and Dennis Fish from IM Group Marketing as they discuss the trends impacting consumer acquisition in lending and how to develop a winning direct mail strategy. 📈 Sign up here: https://lnkd.in/eT_ECMyT

Weekly Insight 📈 Western Canada leads the charge in average financed amount at origination in Canadian non-prime auto lending. Meanwhile, PEI and Quebec have the lowest amounts. Much of this difference can be attributed to higher average incomes reported across the western provinces. Alberta and Saskatchewan also purchase proportionately more trucks, SUVs, and minivans than other provinces, contributing to higher vehicle costs which drive up total loan amount. Interestingly, Western Canada tends to have lower average Six°Scores™, which is also reflected in higher rates of default relative to the rest of Canada. While loan amount is often a lever used to win more deals, lenders seeking to mitigate their losses may want to review their strategy and more heavily weight probability of default scores relative to DTI or TDSR metrics.

Please note that our Q2 State of Lending Webinar has been moved to August 28th, 2024 at 12:00pm ET! ⏰ 🚀 We’re looking forward to sharing insights about the economic and lending trends shaping consumer lending. Don't miss it! Register here: https://lnkd.in/eA85jdsH