Online lending has gone mainstream, with more traditional banks and credit unions embracing digital service models. As the move toward online loan options evolves, 2019 is shaping up to be a strong year for growth.
One trend emerging as a defining factor for the year is a move toward personalization. Many firms are embracing opportunities to create highly nuanced, individualized online lending models.
This year will also be a time for expanding the reach of online lending, with organizations looking for ways to offer a wider range of loan products through digital platforms.
Rounding out the trends for 2019, banks and credit unions are increasingly looking for ways to blend physical and digital service models into a more cohesive customer experience.
The online lending market is maturing quickly. Contact GDS Link today to learn how we can help you advance your efforts.