For decades, lending has been relying on the same manual processes while the world around it continued to innovate.
Change has been a long time coming in this industry, and while digital transformation has started to appear little by little over the years, it wasn’t deemed absolutely mandatory — until COVID-19 changed everything.
Where Do We Go From Here? If the pandemic has taught us anything, it’s that things can change at a moment’s notice. We’re now accustomed to living in a digital world with apps and subscription services to fit every need — and cumbersome paper-based processes no longer cut it. Download our recent whitepaper and learn why our industry is at the crossroads of digital lending, and how to make sure you keep up to serve your customers needs.
What’s at Stake for the Digitally Resistant?
Late blooming financial institutions are now playing catch-up just to retain market share. In fact, 53% of financial executives report feeling at least somewhat behind (if not very far behind) their peers in terms of digital transformation. Change often comes from necessity — and until now, some lenders have gotten by with old processes. But with market share, customer loyalty, and ROI now at risk, can any lender afford not to transform? In our whitepaper you’ll learn about what’s at stake:
- Losing to the competition
- Forfeiting customer loyalty
- Missing out on ROI
Download our Whitepaper to read more about our solution, and join the next generation of lending at lendwithspark.com