community bank lending workflow

BUSINESS PROCESS AUTOMATION FOR BANKING LOAN ORIGINATION

The defi Team Automation, defi INSIGHT

Business process automation has helped the banking industry bring efficiency to high-volume processes. It brings speed and accuracy to account openings and closures, credit card applications, and loan originations. Recent fintech innovations are transforming the loan origination process with lower processing costs, better quality, and consistency in lending decisions—and lower risk.

community bank lending workflow

THE BENEFITS OF CREDIT RISK MANAGEMENT AUTOMATION FOR LENDERS

The defi Team Automation, defi INSIGHT, defi LOS

For many lenders, credit risk management depends on years of experience. Their credit risk expertise is a mix of shrewd loan portfolio analysis and an innate intuition about borrower risk. While that may have worked in the past, credit risk management is shifting from human judgment to automated, data-driven lending decisions that assess credit risk far more accurately.