Finance sector is one area where most significant evolution on account of technological advancements is happening. In fact, that it has led to the coinage of a whole new bracket of technology: FinTech. Here, let’s check out what are the major trends going to rule the fintech sector in 2019. Contact Us
Category: Financial Institutions
Need for automation in Loan Origination System
Loan Origination is one of the core processes of financial firms to streamline their loan processing cycle. An automated loan origination solution allows the lending organizations to close more qualified loans faster with improved operational efficiency. It virtually eliminates the tedious sorting of both paper and electronic files and dramatically minimizes the costly manual data… Continue reading Need for automation in Loan Origination System
Top 5 ways technology is reinventing the lending process
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
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 quotient in the global financial sector-infographic
Artificial Intelligence is creating a big impact in almost all industries. It is anticipated that overtime, AI is not only going to revolutionize the financial industry, but become the industry itself. This infographic talks about some key trends of AI impact in the global financial sector. Contact Us
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
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