By Shekhar Mullatti, President & Global Head – Banking, Aurionpro Solutions Commercial lenders face constant credit risk and an uncertain future in volatile times. For profitable growth, one must focus on what one still has control over, from costs to risk assessment. But do you have a firm enough grip on your operations if your systems are disjointed and inefficient? It’s time to seize control of the entire lending life cycle and speed up your digital transformation from start to finish. Low-value tasks should be automated or eliminated. Mark the first signs of defaults and learn more about each customer and deal. You are now in the best possible position to increase your margins and manage credit risk while differentiating your services. Commercial banking’s competitive market has shifted. Universal and regional banks dominated the commercial lending space at the turn of the decade. Today, fintech and smaller independent players compete in this space, distinguishing themselves from traditional banks through market offerings, customer experience, and delivery speed. Due to the slower adoption of automation and digitisation, the relative complexity of commercial lending operations, and increased customer demands, banks have had to deal with several difficulties. Commercial Lending Overview Because of […]
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