COVID-19 has brought about a powerful shift in reality; in addition to the effects
Tag: digital lending
Digitized credit risk management: Approach and benefits to lenders
When you lend money and provide credit, you put yourself in a vulnerable position. Smart lenders minimize their credit risk by knowing exactly what they are getting into, and how predictable they can forecast activity on the loans. To boost the quality of the overall loan portfolio, lending firms need to reset their value focus… Continue reading Digitized credit risk management: Approach and benefits to lenders
Digital transition: must consider points
Modern lending systems are all about providing access to funds anytime, anywhere, for customers who are increasingly tech-savvy. Digital channels fulfil the customers’ need for convenience and continuous availability, while at the same time offering lending firms’ new opportunities for growth. But transitioning to a fully digital lending firm is not always easy. Lack of… Continue reading Digital transition: must consider points