Reducing credit decision time is crucial for traditional banks. According to McKinsey, the “average collection time” is around three months. Sufficient for medieval travelers to cross the Atlantic.
If banks embrace the change brought about by digital lending, the disbursement time could be reduced to one business day.
This free white paper provides a clear overview of the digital transformation of lending in banks, step by step. By downloading it you get:
- Checklist – what to consider when your bank embarks on digital transformation
- Digital Maturity Matrix to estimate your bank’s current status in the digital world
- Digital Lending Roadmap
- List of partnerships and integrations
- Advice from the lending software provider – HES FinTech which has been providing solutions for banks and fintechs since 2012
Presented by HES FinTech