Auto finance companies can expect the pandemic to impact four key areas as they work to address short-term needs and prepare for the future.
In the mortgage industry, early adopters of document automation technologies were underwhelmed with the results of their investment. The latest advancements in AI can cut the lengthy mortgage origination cycle significantly and reduce errors.
The challenges lenders face are numerous. And achieving sustainable profitability is difficult since customers are less loyal than in the past, regulation more stringent and the economic outlook still uncertain.
Some organizations transform their business without a corresponding investment in transforming their legacy IT applications, a solution called digital decoupling.
Organisations including banks, fintechs, and payment providers who want to play a leading role in tomorrow’s payment services ecosystem will need to be smart and start identifying their roles in the RtP ecosystem today.
This year´s reporting season has brought sustainability and environmental, social and governance (ESG)-related efforts to the forefront of international banks’ annual reports, including their future outlooks and bold pledges.