2021 Digital Lending Trends
- Date:December 09, 2020
- Author(s):
- Austin Kilgore
- Report Details: 11 pages, 2 graphics
- Research Topic(s):
- Digital Lending
- PAID CONTENT
Overview
The COVID-19 pandemic posed countless challenges for digital lenders but also created numerous opportunities for nimble organizations that were able to quickly deploy digital capabilities to support remote work and historic demand for mortgage refinancing and loss mitigation.
In 2021, lenders must continue to remain agile and adapt their digital offerings to meet the needs of an evolving loan market and to respond to new competitive challenges. This report provides an overview of three trends that will be crucial for lenders to address or to start addressing in the coming year, along with the strategies and decisions lenders must consider to effectively respond to, or even get ahead of, these developments.
Book a Meeting with the Author
Related content
Building the LMS for Lifecycle Lending: How a Strategic Shift in Servicing Wins Today—And Tomorrow
By leveraging a traditional bank strength—building deep relationships with their customers—FIs can turn loan management into a series of touchpoints and interactions that not only ...
Pitching Personal Loans With Purpose
Personal loans are not viewed by borrowers as generic lines of credit but rather as ways to meaningfully advance their lives. Banks have an opportunity to position themselves as ap...
Cash App P2P Lending and the Banking Liquidity Blind Spot
Cash App’s new feature that allows users to break P2P payments into short-term loans recognizes that short-term liquidity isn’t about traditional lending; it’s about meeting a mome...
Make informed decisions in a digital financial world