Insight Report: Digitization in Lending
GlobalData’s 'Insight Report: Digitization in Lending' analyzes the effect of digitization, emerging trends and competitive landscape of the lending industry. The report also discusses in detail the drivers of digitization for financial institutions and how they are using it for improving operational efficiency and customer experience.
With significant adoption of digital channels by customers, financial institutions are compelled to provide the convenience of anywhere, anytime banking to customers. Although digitization has transformed the transactional banking process, it has not been fully adopted in lending process.
Many online lending companies and non-bank lenders have emerged to capitalize on the inefficient lending process of banks. The growth of these companies also demonstrates that customers are looking for more convenience, which digitization can provide. The significant rise of non-bank lenders has led banks to invest more in digital technology, and form partnerships with them to remain leading operators in the lending market.
Scope
• An examination of the trends that will shape the global lending industry in the next five years
• A comparative analysis of the various business models in the global lending industry
• An analysis of the key trends and drivers in digitization, and their combined impact on the lending process
• Details of key initiatives adopted by financial institutions in digitizing the lending process
• Case studies of financial institutions which have implemented pioneering technology to improve the lending process
• An exploration of the challenges in implementing digitization in the lending process
• An overview of how financial institutions can utilize digital channels to enhance productivity, efficiency and the customer experience
Key Highlights
• What are the key advantages of digitized loan applications?
• Which factors make the current lending process slow and expensive?
• What are the prime requirements in customer service that need to be addressed as digital banking grows worldwide?
• In which area is the digitization of lending likely to provide the most cost-effective solution?
• What are the main drivers behind the launch of online lending platforms?
• What are the key challenges that have deterred financial institutions from digitizing the lending process?
Reasons to Buy
• Identify threats from new market entrants to protect and maintain market share.
• Investigate emerging global opportunities due to digitization, and target those which enable a gain in competitive advantage.
• Gain insights into key initiatives adopted by financial institutions to digitize the lending process, and align operations accordingly to increase market share.
• Evaluate how organizations will be affected by the changing industry dynamics, and ensure that operations are best placed to protect market share
• Analyze key technology and ensure continuing cost-effective participation in the lending market.
Key Players
Table of Contents
List of Tables
List of Figures
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