credit risk suite

Author : saran saran | Published On : 25 Nov 2021

Enabling the roadmap to a healthy asset book

Financial institutions across the globe are rapidly adopting a technology-led approach. Digital enablers are helping them enhance their reach and achieve better financial inclusion for the underserved segments of the economy.

 

Today, technology-enabled digital lending channels, such as internet sites, ecommerce platforms, fintech companies & lending apps, are widely used to select and deliver loan products to the customers; for instance, automated scorecards to approve/reject home loans. They come with numerous advantages, like short turn-around times and wider reach, thereby helping financial institutions to rapidly expand the book-size while keeping the cost of acquisition low.

Enabling the roadmap to a healthy asset book

Financial institutions across the globe are rapidly adopting a technology-led approach. Digital enablers are helping them enhance their reach and achieve better financial inclusion for the underserved segments of the economy.

 

Today, technology-enabled digital lending channels, such as internet sites, ecommerce platforms, fintech companies & lending apps, are widely used to select and deliver loan products to the customers; for instance, automated scorecards to approve/reject home loans. They come with numerous advantages, like short turn-around times and wider reach, thereby helping financial institutions to rapidly expand the book-size while keeping the cost of acquisition low.

 

This has led to a surge in digital transactions, calling for changes to the way we approach credit risk today.

 
 

This has led to a surge in digital transactions, calling for changes to the way we approach credit risk today.