There is more urgency than ever for financial companies to deliver their services digitally. Lending, traditionally one of a financial institution’s (FI) most important profit centers, is becoming the new frontier in this move to digital – especially in business lending, thanks to the overwhelming demand for loan initiatives such as the Paycheck Protection Program and the sudden decline in demand for in-branch services driven by the COVID-19 pandemic.
In this guide you will find the features of a Business Lending Platform that FIs must consider their top priorities when evaluating this type of software.You’ll learn seven key capabilities that a Business Lending Platform vendor should provide for a successful implementation, and how to accelerate your time to market while maintaining compliance controls and risk management capabilities at or above your FI’s standards.