As businesses begin to recover from the financial downturn caused by the COVID-19 pandemic and a sense of normalcy is restored, it should be acknowledged that ‘BAU’ cannot be the same as it was before. This year presents an opportunity for traditional banks to address the shortcomings that were exposed during the pandemic and giving way for competitors to emerge, especially in the lending space.
This series will break down some of the most significant market trends disrupting the lending industry, what banks can do to best position themselves, and how Capco can help. Digital transformation has been aiding lending markets in the U.S. by providing solutions to streamline traditionally cumbersome processes.
This article dives deeper into the role digital transformation is playing in the lending industry.