How FinTech Enhances Operational Excellence in Lending

Operational and Transactional excellence in Lending to drive down operational costs and achieve regulatory compliance.

The current climate of increased regulation, combined with a global economic slowdown, is challenging the profitability of retail banking operations around the world. Driving down operational costs while complying to regulations are among the top priorities of banks. The most successful banks will be those that have transformed their business models to achieve greater efficiency across the operational value chain. In his article, “Banking Must Digitally Transform Consumer Lending”, Jim Marous, CEO of the Digital Banking Report highlights how improved lending operations can lead to easier application processes, faster credit decisions, increased transparency, innovative borrowing options. All this will result to a happier customer.