The State of Digital Lending Readiness

Lending Automation Could Be Crucial for Mid-Sized FIs

The State of Digital Lending Readiness

Digital lending platforms offer faster fulfillment times and improved accuracy, but many mid-sized financial institutions (FIs) still rely heavily on manual processes. PYMNTS Intelligence’s latest report, “The State of Digital Lending Readiness,” a collaboration with Amount, explores why FIs need to overcome organizational reluctance and adopt lending automation.

Inside the October Study

  • 79%: Share of FIs that worry about automation’s impacts on customer-banker relationships
  • 33%: Share of FIs that have automated SMB lending, compared to 70% for consumer lending
  • 61%: Share of FIs planning to fully automate lending processes within the next two years

    By completing this form, you agree to receive marketing communications from PYMNTS and consent to the sharing of your information with our sponsors, where applicable, in accordance with our Privacy Policy and Terms and Conditions. Sponsors may use this information to contact you directly. You may update your preferences or withdraw your consent at any time.

    to our daily newsletter, PYMNTS Today.