IDC describes how new market entrants are offering employment and income verification alternatives to address some of the key challenges facing lenders today.

The fourth quarter boasted open commercial lending markets, inclusive of all tiers of credit risk, even as measured commercial delinquencies returned to pre-pandemic levels. An increasing number of commercial lenders are developing product and underwriting strategies to limit the expected exposure in a near term recession. The Fed is unlikely to cut rates in the near term as hietened inflation lingers. Higher costs of goods and services will pressure spending behavior as affordability tightens and personal cashflows thin.

Experian and Oxford Economics shares and discusses critical insights in the latest Q3 2022 Main Street Report. This webinar includes: - Leading Experts on Commercial and Macro-Economic Trends - Credit insights and trends on 30+ Million active businesses - Industry Hot Topics Covered (Inclusive of Business Owner and Small Business Data) - Commercial Insights you cannot get anywhere else - Peer Insights with Interactive Polls (Participate) - Discover and understand small business trends to make informed decisions - Actionable takeaways based on recent credit performance

The US economy grew a buoyant 2.6% annualized in Q3, confirming Experian and Oxford Economics’ view that the economy was not in recession. Indeed, the economy created a robust 261k jobs in October, while the unemployment rate came in near a historically low of 3.7%. Higher borrowing costs will weigh on corporate profits, hiring, and business investment. The consumer will feel the effects of an increase in unemployment and a reduction in excess savings. Download the full report to learn more.