Lending Digitalization Blog Series #1 The Playing Field

The wave of digitalization in financial services in general and in the lending space in particular is accelerating. What started in the automation of the retail lending processes, with its high volumes and highly standardized processes is spreading to the more complex SME and corporate lending environment. Innovative actors are setting the tone and incumbents are seeking new ways to remain competitive.
As a global provider focused on lending digitalization, we help our clients transform all aspects of the lending process, including both corporate and SME features designed to allow our clients to get ahead of the competition.
In this blog, we will survey the lending digitalization playing field. In the next article of this series, we will look more in depth at some of the most effective lending digitalization strategies and share some of the benefits gained by our clients during their lending digitalization journey.

Our view of digital transformation: Evolving toward new business models.

We view digital transformation as an operational improvement that delivers immediate benefits in efficiency, higher levels of automation and, ultimately more innovative business models.

Lending Digitalization

The wave of digitalization in financial services in general and in the lending space in particular is accelerating. What started in the automation of the retail lending processes, with its high volumes and highly standardized processes is spreading to the more complex SME and corporate lending environment. Innovative actors are setting the tone and incumbents are seeking new ways to remain competitive.
As a global provider focused on lending digitalization, we help our clients transform all aspects of the lending process, including both corporate and SME features designed to allow our clients to get ahead of the competition.
In this blog, we will survey the lending digitalization playing field. In the next article of this series, we will look more in depth at some of the most effective lending digitalization strategies and share some of the benefits gained by our clients during their lending digitalization journey.

Our view of digital transformation: Evolving toward new business models.

We view digital transformation as an operational improvement that delivers immediate benefits in efficiency, higher levels of automation and, ultimately more innovative business models.

How is the lending business being digitalized?
Based on our experience with our clients around the world, we observe the following trends

  • Lending digitalization is only seen as a one-off operating model improvement to streamline processes and automate redundant tasks. Few players think about new business models in their digital transformation journey
  • Retail lending digitalization is still ongoing
  • Corporate and SME lending digitalization is the new battlefield

What does the lending digitalization arena look like?
To identify the main drivers of the lending digitalization for each player, we have developed a framework that defines each player based on a combination of operating model efficiency and the degree of business model innovation.

Lending_digitalisation_landscape

Our mission:

  1. Provide the “Wait & See” “Seek Efficiency” and “Challenge” players technology and expertise to reach higher levels of efficiency, agility and flexibility needed to compete with the “Disruptors.”
  2. Help “Wait & See” build in agility thanks to our technology without replacing legacy systems.
  3. Help “Seek Efficiency” streamline lending processes and realize significant efficiency gains.
  4. Help “Challenge” scale-up their business without need to increase investment in resources.

Hence, improving margins and benefits for all these players and bringing them a step closer to the forefront of the market.

So what now?
Is your organization one of the following: “Wait & See,” “Seek Efficiency” “Challenge”?
In our next blog, we will share use cases of how we are helping our clients move toward a more efficient operating model and how our solution helps to lay the groundwork for lending business model innovation.

Cannot wait? Please reach out to one of our experts here.

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