Today, the internet, cloud technology, mobile applications, and digitization of business transactions are generating valuable information about consumer spending habits. These newly and easily accessible data sources allow lenders to make decisions based on a detailed and accurate picture of a consumer's ability to pay. More and more lending institutions are set to adopt a centralized platform approach in favor of multi-platform and disparate systems.Lenders are also leveraging artificial intelligence (AI) to extract greater insight from the borrower's portfolio to gain the advanced notice of potential delinquencies. This knowledge will also help identify opportunities and generate personalized recommendations for additional products and services. At the same time, lenders are in a race to digitize and automate the lending processes to offer a better customer experience and streamline workflows. Lenders are working toward providing customers financial technology such as smartphone payments, better rewards integration, and mobile banking.In this edition of Banking CIO Outlook, we bring you the story of some of the most successful lending management solution providers that deliver the best outcomes for their clients. This edition also offers thought leadership from subject matter experts with real-life stories on fostering robust partnerships and exclusive insights from CIOs and CXOs. We hope this edition will provide you with the right assistance in choosing the lending management providers according to your requirements.Let us know your thoughts!Copyright © 2020 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Contact Us:phone:510.402.1463Fax:510-894-8405Email:sales@bankingciooutlook.comeditor@bankingciooutlook.commarketing@bankingciooutlook.com NOVEMBER - 30 - 2020, Volume 06 - 10 (ISSN 2644-2418) Published by ValleyMedia, Inc. To subscribe to Banking CIO OutlookVisit www.bankingciooutlook.com Editorial StaffSalesT:510.402.1464Annie Mathewsannie.mathews@bankingciooutlook.comVisualizerVictor Cruz Issac GeorgeManaging EditorJames RobertsonIdentifying New Lending Opportunities James RobertsonManaging Editor editor@bankingciooutlook.comCarolynn WaltersJustin SmithJoseph MichaelEditorialKenneth ThomasRussell ThomasPaul Barber*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staff
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