Commercial and retail lending - integrated to the core (Infographic)
Banks & other financial institutions spend a fortune on technology but the question is: Why are so many customers unhappy with traditional financial services? What’s in a word? Interface or integrate. They may sound the same but financial institutions know they are not. And nowhere this is more noticeable than in lending.
Most banks operate in silos. Too many systems increase costs, risk and time to market hence making customers unhappy. However there is a better way to do things.
The days when lending existed in separate silos are gone. Modern core banking platforms bring retail and commercial lending together, in a single, integrated system which allows to significantly reduce cost, consolidate systems and lower risk.
Customers are not split into silos and your systems shouldn’t be either.
Discover what it means for lending.
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