Automating Commercial Lending: Do’s and Don’ts, and How Much You’ll Make
Report Summary
Automating Commercial Lending: Do’s and Don’ts, and How Much You’ll Make
Automating commercial lending offers benefits—primarily increased productivity—that grow loan portfolios and reduce loan losses.
Boston, April 5, 2016 – Mandated with aggressive growth rates but burdened with labor-intensive workflows, managers of commercial lending operations are under pressure to achieve scale. But when underwriting is hasty, bad loans get booked, and scaling commercial lending is no easy task. Can investing in commercial lending automation achieve an increase in productivity that nets quantifiable benefits and even helps scale commercial lending operations?
Based on interviews with bankers that have automated their commercial lending operations, this report quantifies automation’s potential benefits. It also identifies and explains the best and worst practices banks’ deployment teams should keep in mind when automating commercial lending. The research mentions AFS, D+H, FIS, Genpact, IBM, Intellect Design Arena, Linedata, Misys, Moody's, nCino, Oracle, Provenir, and Tibco.
This 22-page Impact Note contains four figures and three tables. Clients of Aite Group’s Wholesale Banking & Payments service can download this report.