What 62 Years of Experience Can Teach You About Financial Innovation: Building Trust Through Inclusive Lending

Fintech Confidential

In this episode of Accrued a Fintech Confidential series presented by LoanPro, Tedd Huff and Colton Pond talk with Ben Boyer of World Acceptance about evolving financial strategies. They discuss how businesses can build lasting customer relationships by focusing on customer needs, expanding product offerings, and leveraging alternative data. Ben highlights the importance of realistic credit-building products, empathetic customer service, and accessible financial tools. The conversation emphasizes trust, transparency, and tailoring services to meet client needs while adapting to economic changes. A must-listen for businesses aiming to stay competitive and customer-focused in the financial sector.

Key Highlights

• The Key to Retaining Customers You Might Be Overlooking
• Why One-Size-Fits-All Credit Scores Could Be Holding You Back
• The Secret to Offering Financial Products Customers Actually Want
• How Expanding Your Offerings Can Keep Customers Coming Back
• What Makes a Great First Financial Product
• Why Data-Driven Decisions Beat Gut Instinct Every Time
• Breaking Down Barriers to Financial Success
• How to Balance Profitability and Customer Care
• What Most Financial Companies Get Wrong About Credit Building
• Why Lifelong Customers Start with Exceptional Service

Takeaways

1️⃣ Set Clear Expectations to Earn Trust

2️⃣ Simplify Financial Tools for Better Engagement

3️⃣ Prioritize Trust Over Immediate Profits

4️⃣ Stay Ahead by Analyzing Market Trends

5️⃣ Be Proactive in Reaching Customers

Links:

World Finance: https://www.loansbyworld.com/about

LinkedIn: https://www.linkedin.com/company/worldfinance/

Ben Boyer Linkedin: https://www.linkedin.com/in/ben-boyer-535a272/

Fintech Confidential

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Supporters

Supporters LoanPro: Enhance lending operations with LoanPro's modern core. Learn more at https://loanpro.io/demo

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HAWK: Enhance compliance with real-time monitoring and advanced AI. https://gethawkai.com for better compliance

About:

Guest

Ben Boyer: Ben Boyer is a finance executive in Product Development at World Finance, previously serving as COO at Simpliphy and VP of FP&A at Newrez. He has extensive experience in portfolio management and a proven track record of enhancing client implementations and financial forecasting. Ben’s expertise reflects a commitment to creating flexible, customer-centric financial products and improving the overall customer experience.

World Finance: With over 60 years of experience and branches across 16 states, World Finance offers the stability of a large financial company and the trust of a neighborhood lender. Through personal loans, tax services, and unbeatable customer service, they help customers unlock their financial good. World Finance stands out from competitors by offering inclusive, transparent, and flexible lending solutions, with a strong focus on credit building, customer support, and comprehensive financial services, including tax preparation.

Hosts:

Tedd Huff is the Co-Founder of Voalyre and the President & Founder of Diamond D3, a consultancy renowned for its expertise in global payments and marketing. With over two decades of experience in FinTech, Huff has played a pivotal role in shaping the industry through his contributions to various startups and established companies, focusing on growth, innovation, process improvements, and enhancing user experience in the complexity of payments.

Colton Pond: Colton Pond is a seasoned marketing executive with a strong fintech and financial services background. In his latest role, Colton is the CMO for LoanPro's API-first lending platform, aiming to meet the increasing market demands. His track record includes a significant tenure at Truv, where he led the marketing team to achieve a 300% growth in year-over-year revenue. Colton has also held key marketing and sales positions at MX, Lucid, and HealthEquity, demonstrating his ability to drive success and innovation within the fintech sector.

Diamond D3, Media: A media creation, management, and production company delivering engaging content globally