Lending has always been the key source of income for banks. Apart from their revenues from non-interest income such as ATM charges and overdraft fees, it has always been loan interest that has fed into the growth and revenue[...]
For a long time now loan origination and loan servicing systems together also known as loan management systems have been largely paper-based. These systems have also principally been dependent on human support and as such prone to human errors.[...]
Automation and cloud computing have brought in a whirlwind of change globally and the financial services industry is no exception. As such, traditional banks and lenders all over the world are now looking to adopt and implement these disruptive[...]