COVID-19 has brought about a powerful shift in reality; in addition to the effects
Tag: digitization in lending
How to improve Customer loyalty in lending – 5 steps to consider!
Being in a competitive industry you’re smart to implement emerging technologies to reduce operational and customer acquisition costs. But, do you know what’s even smarter? Knowing customer is the most valuable asset, and firms should find ways to improve customer loyalty in Lending and strengthen it. Unfortunately, many firms across the globe, often aren’t… Continue reading How to improve Customer loyalty in lending – 5 steps to consider!
A Paradigm Shift: Contactless Lending in a Contactless World
As countries go into lockdown due to COVID-19, people are forced to keep social distance and work from home. This crisis highlights how important digital capabilities are and products are, and how important speed and seamless integration are. While it is not possible to completely digitize all business sectors, however, complete digitization of certain financial… Continue reading A Paradigm Shift: Contactless Lending in a Contactless World
How digital lending can be a game changer in SME financing?
Financing is the backbone of any business, but this is an area which is extremely difficult for most SMEs, small businesses and start-ups to navigate through. One of the main hurdles was the lack of ease in transactions faced by SMEs. But with digital lending, SMEs were able to solve many of the financing problems… Continue reading How digital lending can be a game changer in SME financing?
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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