Description
However cumbersome legacy IT systems and outdated risk profiling stand in the way. Agile new competitors are already taking customers away from established banks, even though many companies have existing banking relationships.
But banks can stop this business from flowing away; by taking a data-centric approach they can streamline risk assessment and loan approvals, create products personalized to their customers’ needs, meet new regulatory requirements, and ultimately power this potentially high-growth market to the recovery that all economies need post-pandemic.
