Lending solutions leverage on emerging technologies to simplify the lending process and to increase the accessibility of lending services. Lending solution encompasses functions like credit scoring, AI deployment, alternative lending solutions and intuitive mobile solutions for lending.
The solution enables lending companies to perform credit scoring through the consumer’s digital footprint, allowing the financial institution to create accurate scorecards of consumers that the financial institution have limited information on.
The solution increases the loan approval rate to 48% higher than traditional loan processing at 39% less risk, allowing financial institution to optimize their lending portfolio. The credit rating process is also shortened, from days to minutes, increasing the speed of loan approvals.
Find out more at www.ey.com/sg/fintechhub.
For enquiries, contact us via email at firstname.lastname@example.org.