For decades, lender and credit bureaus have employed the same relatively static, traditional business models. But, today’s customer expects fast, seamless and hassle-free access to loan services at a time, place and channel of their choice. They seek loan products that suit their specific needs, products that are available on their preferred channel and are… Continue reading Top 5 ways technology is reinventing the lending process
Category: Blog
Reaping Benefits Through Automation of The Quoting Process
As a professional services provider, how would you rate your Quote to Order process? Is it time for an overhaul? Speaking to engineering consulting services, it was quite evident that 90% of the enquiries came through referrals and word of mouth, despite various initiatives in marketing. Most business owners themselves handled sales and therefore the Quote to Order process, and the majority felt that… Continue reading Reaping Benefits Through Automation of The Quoting Process
Automate…Automate…Automate … APIs & RPAs to Your Advantage
Automate…automate…automate …You probably have heard the automate refrain many times over by now! Are you familiar with Robotic Process Automation (RPAs) ? For those who are not – any process that is repetitive in nature and is a ‘low hanging fruit’ for automation can be called a Robotic Process. Can you identify robotic processes in your workflow? They… Continue reading Automate…Automate…Automate … APIs & RPAs to Your Advantage
Taking advantage of unconventional capability
Here is the true story of a structural engineering consultancy which was able to deploy virtual teamwork (with our team at Insight Consultants, formerly known as Stylus) and develop cost effective dashboards to take on new projects and drive growth. Advancement in technology and more specifically cloud applications and tools have given Small and medium-sized… Continue reading Taking advantage of unconventional capability
Secure Software Development- Best Practices
A 100% secure software development is almost impossible, as no software can be made fully protected. But with cyber-attack and malicious threats common in software industry, it is very essential for an enterprise to think about the security of their most sensitive data. However, by following certain best practices, a secure software, which is less susceptible… Continue reading Secure Software Development- Best Practices
Steps to make AI implementation a reality in your lending firm
As digital lending continues to grow, firms are looking for ways to make their services more efficient and profitable to both lenders and borrowers. Process automation followed by Machine Learning and Artificial Intelligence makes operations error-free and real time. But, when it comes to AI Implementation, many lenders don’t have an idea where to even… Continue reading Steps to make AI implementation a reality in your lending firm
AI solutions in risk management for competitive advantage
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
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