With 47% of commercial banking stakeholders reporting that disruption is currently having a material impact on their business or that they expect it will within the next year, the industry is ripe for digital transformation.
One huge area of opportunity is commercial lending, where the market demand is strong and the process is still largely people- and paper-based.
In this paper, we explore how the thoughtful application of digital can create impact across the commercial lending value chain, including:
- Commercial Banking Clients
- Commercial Bankers
When it comes to competing in the digital era, commercial lenders face unique challenges—from reducing operating costs to acquiring new clients and strengthening existing relationships.
Read on to learn how commercial banks can drive significant return on investment through digital technology.