Automation in the Banking Industry
Banks and credit unions have traditionally been forced to rely on relatively large loans to justify the cost of analyzing applications and going through the origination process. In recent years, this cost and complexity has severely limited how firms can serve the small business market.
Automation is changing the situation. Alternative lenders have already disrupted the consumer and small business lending markets by offering relatively small loans. Rapid processing and heavy automation reduce the costs for the lender, making the strategy viable.
Risk analytics technologies are central in enabling process automation in the lending process. At GDS Link, we can help you identify the best use cases for risk analytics in your specific situation and offer a modular platform that provides a cost-effective entry point into analytics-based online lending.