Lend.In Recognized as the Top Vendor in 'Emerging Category' in the Commercial Loan Origination Report by Aite Group
The impact of COVID-19 on consumers and banking has been profound, primarily towards the accelerated use of digital technology. However, even with the resurgence of digital lending operations, the looming feeling of uncertainty has left all of us wondering – what can we expect next?
As we reflect on the many curveballs that were thrown during the year 2020, lenders should feel proud of the way they responded to a crisis that wasn’t on any enterprise’s radar. Faced with high rates of impaired loans, and the need to create digital capabilities ranging from end-to-end digital account opening and lending capabilities to new features and loan products on increased pressure from regulatory bodies, many organizations did things that once seemed impossible – sometimes in a matter of days.
We believe that lending cannot happen in isolation. To enable ecosystem-based lending, we’re launching the first ‘Lending specific Fintech Marketplace,’ which hosts a plethora of Fintech partners in the lending lifecycle to help you streamline your journey.
Digital lending is ever-evolving, and it can be challenging to keep up with the latest must-have features. The rapid shift in technology forces many financial institutions to accelerate their digital transformation efforts to meet the new consumer demands and improve productivity, all while still focusing on scale. To thrive in this new era, taking an outside-in approach to digital business ecosystems can help enterprises harness existing resources and relationships to drive innovations and efficiency.