Commercial lenders have now started to embrace new technologies, building their own platforms using internal resources or purchasing solutions from established vendors. Benefits of these investments include:
Reduced time-to-decision on loan approvals
Improved risk management processes
Enhanced data integrity
Reduced concentration risk with optimized performance assessment
Ability to be more proactive vs. reactive through better reporting and analysis
There are four factors banks should consider when deciding on a buy or build approach for commercial banking credit risk management systems. Download Buy or Build: Transforming Commercial Credit Origination to learn more now.
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