Economic headwinds that picked up in 2023 have only grown stronger, placing pressure on financial institutions (FIs) to take any measures necessary to protect their net interest margins (NIMs). Stubbornly high interest rates are driving loan repayment softness among borrowers, while flat lending and declining deposit volumes, along with residual systemic risk and a volatile regulatory environment, continue to keep banks on their toes.
FIs need a bridge that lets them navigate these challenges, defend their NIMs, and forge a path toward financial success, even in an uncertain climate. Technology is that bridge—but automating loan origination is just the start. With the right tools, FIs can:
- Protect legal interest in secured loan collateral in case of borrower non-payment
- Introduce incremental workflow automation to increase headcount productivity
- Ensure rapid access to loan portfolio monetization to unlock cash flows
Don't miss our information-packed webinar, Digital lending investments to mitigate operational & financial risk in 2024. Simon Moir, Vice President, Banking Compliance Solutions at Wolters Kluwer will be joined by Michael Bernard, Senior Analyst, US Banking at Celent, to discuss each of these benefits and more.
We look forward to seeing you there!
