Connected credit and compliance for lending growth
A recent webinar from Finextra in association with Misys brought together a panel of industry experts on commercial and corporate lending and digital innovation to explore why, for many banks today, legacy processes, business silos and operations are creating unnecessary layers of operational complexity.
The panel also examined opportunities for banks to drive innovation and look at how they can overcome the barriers to growth today, and meet the future demands of clients and regulators tomorrow.
In the ‘new normal’, pent-up credit demand from a growing mid-market remains a big global opportunity for lenders. At the same time, volatility continues to impact debt markets and complex lending. Compliance and capital constraints are par for the course, and while reports suggest bank credit lines to businesses are on the rise, opportunities are being picked up by new entrants able to meet demands in underserved – yet potentially lucrative – areas of commercial and corporate credit.
There are opportunities for banks to make things simpler. Many institutions are already reaping the benefits of connected approaches to corporate and commercial lending and capitalising on industrialisation, replicability and data insight along the credit value chain. Their relationship managers are empowered to deliver tailored financing solutions. These banks are leveraging transparency, compliance and efficiency to provide the confidence that risk is controlled, helping both to ease credit policy and protect margins.
“We are living in a very unique era where we have a lot of technological development, but also a lot of energy within the banking sector to address these issues and really work with the new opportunities that are being given by these technology developments, to optimise models further, make assessment of risks smarter and reduce the cost of operations.” - Stefan Verhoeven, managing director and head of Corporate Lending Europe, ING.
Download the report 'Connected credit and compliance for lending growth'