eBook: Automated, Digital Lending
Technology has completely transformed consumer lending over the last few years. Processes that once required stacks of paperwork to review and sign can now be completed from the palm of one’s hand on a smartphone, outside of the branch. While these innovations have made things much easier for the borrower, the market has been flooded with alternative lenders and disruptors who compete for the lending needs of your account holders, posing a significant threat to financial institutions.
Although nearly all institutions have a digital banking platform, the key to achieving a full digital and automated ecosystem, inclusive of complementary solutions like lending, is to deploy intelligent tools that seamlessly work together and offer data-backed capabilities.