Orchestrating lending (Asia Pacific)
The key trending impacting CLO (Commercial Loan Origination) automation is the digitalization of the borrower experience, the need to support a remote workforce and lenders’ embrace of APIs, all in response to the pandemic. The current market for CLO automation is estimated to be nearly $1 billion and this will grow to $2.5 billion by 2026 (AiteNovarica). In order to remain relevant, banks clients cannot continue to operate in a fragmented landscape with increasing costs and risks. Doing so will risk losing market share and falling short of ever-growing client expectations.
To meet the needs of clients, banks require the ability to support multi-product origination with flexible workflow and customization capabilities, digitization through the lending lifecycle, the ability to manage complex borrower/deal structures, transparency throughout the application process and functionality to support the credit functions.
Join Carlos Teixeira, TIm Tyler, and James Mellor from Finastra who discuss the way forward that is end-to-end lending, connecting and integrating the entire corporate loan process from loan origination through decisioning to servicing. All, seamlessly integrated.
Next up:
Maximising growth through co-opetition
Learn how co-opetition may benefit businesses by reducing attrition, increasing the size of client acquisition, and increasing revenue growth.