From Application to Approval: Why Instant Disbursements Are Critical for Lenders

Money Mobility Tracker® - Faster Funds: Enabling Instant Disbursements for Consumer Lending

Friction-ridden loan disbursements are pushing borrowers to competitors and costing financial institutions more than customer satisfaction. The latest “Money Mobility Tracker®,” a collaboration with Ingo Payments, reveals how instant loan disbursements can streamline the lending process, build loyalty and deliver a competitive advantage for FIs, especially as demand for consumer loans rises.

Inside the November Tracker
  • Lending procedures remain cumbersome and time-consuming, prompting many consumers to abandon their applications.
  • Instant loan disbursements could eliminate friction and delays in the lending process.
  • FIs are becoming more aware of customers’ demand for instant loan disbursements and are swiftly rolling out new features.

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