In today’s fast-paced financial world, the need for effective risk management in lending firms is more critical than ever. With the rise of digital lending and increasing regulatory scrutiny, firms are seeking innovative solutions to mitigate risks effectively while maintaining a competitive edge. One such solution gaining traction is the integration of artificial intelligence (AI)… Continue reading AI solutions in risk management for competitive advantage
Category: Banking Financial Services
Blockchain in lending sector-can it give an advantage over competition?
Blockchain is a trending technology that is promising to revolutionize the business of lending. Lending firms globally have started harnessing blockchain concepts for its potentially disruptive benefits. So, how exactly could blockchain transform lending?Lending business revolves around two factors: risk and trust. There are multiple parties involved in the various stages of the loan cycle,… Continue reading Blockchain in lending sector-can it give an advantage over competition?
How Mobility can transform your lending business?
The giant leap of the mobile technology and its associated applications indeed transformed our lives. Accessibility of all manners of smart products and services is now possible in just a click via advanced mobile technology. More number of enterprises are using the mobile workforce for increased productivity. Mobility has completely transformed the financial sector to… Continue reading How Mobility can transform your lending business?
How automation improves the lending process
In today’s competitive lending market, firms are looking for ways to offer services efficiently as well as improve their profit margins. By using automation tools, lending firms can improve business process efficiencies and offer more loans and better customer service. Today automation is pushing the boundaries of technology by implementing machine to optimise almost every… Continue reading How automation improves the lending process
Digitization, a big revolution in the lending process
Modern lending systems are all about providing access to funds anytime, anywhere, for customers who are increasingly tech savvy. These empowered customers have no patience for the mounds of paperwork and lengthy processes that was the hallmark of traditional lending. In person meetings, lengthy application forms, detailed reference checks, physical signatures etc. are all being… Continue reading Digitization, a big revolution in the lending process
How automation can improve your Loan Origination Process?
In the current commercial lending market, financial institutions are increasingly mindful of improving their practices in many areas to increase efficiency, decision speed, and productivity, and to enhance their customer experience. Here automation has a big role to play. The process of automation can automate and streamline your commercial loan origination process, increase the productivity… Continue reading How automation can improve your Loan Origination Process?
Mobile, a game changer in banking
Banks are now passing through the rough trough of digital transformation. The current trend in the banking sector is how to fulfil banking needs of customers through mobile usage. This includes from opening a bank account, guiding in online transaction no matter where the user is operating from. Mobility is what banking sector is looking… Continue reading Mobile, a game changer in banking
Fintech – Making banking intimate
New entrants to the market, new business models, changing customer expectations and fragmentation of traditional services, all contributing to put traditional banks under pressure. Cash is no longer king; mobile payments are increasing in popularity and no longer is the current account the only thing one uses to manage money. So, does it mean a… Continue reading Fintech – Making banking intimate