Market Research Report
Insight Report: Digitization in Lending
|Published by||Timetric||Product code||344947|
|Published||Content info||45 Pages
|Insight Report: Digitization in Lending|
|Published: November 10, 2015||Content info: 45 Pages||
Timetric'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.
Timetric's 'Insight Report: Digitization in Lending' explores the changing landscape of lending industry due to digitization.