Aite Matrix: Transforming Consumer Lending Through Loan Origination Systems

Aite Group’s new report explores retail loan origination systems that are sought after by financial institutions of all types and sizes.

Boston, August 13, 2020 — Justifiably spooked by a dramatic economic downturn, lenders are facing the same high borrower expectations and intense competition from their peers as before, but now in conjunction with the rapidly deteriorating financial health of many consumers and serious obstacles to loan origination through in-person channels. Those lenders that have already transformed their lending processes by using a leading retail loan origination system are arguably better positioned to weather this storm. The latest Aite Group report, Aite Matrix: Transforming Consumer Lending Through Loan Origination Systems, compares and contrasts the leading vendors’ offerings and strategies.

“Lenders that are looking to transform their lending to be more consumer-centric and efficient should look closely at what leading vendors offer in this space,” states Leslie Parrish, senior analyst at Aite Group. “Competitive RLOS solutions not only process loans in a compliant manner but also provide a frictionless application process, facilitate meaningful cross-sell opportunities, and provide lenders with insightful analytics to fine-tune their businesses,” she explains.

Leveraging the Aite Matrix, a proprietary Aite Group vendor assessment framework, this Impact Report evaluates the overall competitive position of 14 vendors, focusing on vendor stability, client strength, product features, and client services. This report profiles Alchemy, ARGO, Axe Finance, Baker Hill, FICO, Finastra, Fiserv, Kuliza, nCino, Nucleus Software, Origence, Q2, TurnKey Lender, and Wipro Gallagher Solutions. Two additional vendors, Comarch and Oracle, are profiled in this report but are not included in the Aite Matrix analysis.

To request a press copy of this report or to speak with Leslie Parrish about this topic, please contact us at [email protected].

About Aite Group:
Aite Group is a global research and advisory firm delivering comprehensive, actionable advice on business, technology, and regulatory issues and their impact on the financial services industry. With expertise in banking, payments, insurance, wealth management, and the capital markets, we guide financial institutions, technology providers, and consulting firms worldwide. We partner with our clients, revealing their blind spots and delivering insights to make their businesses smarter and stronger. Visit us on the web and connect with us on Twitter and LinkedIn.

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