Cultivating a Digital Lending Ecosystem at your Financial Institution
Operating in a low-rate environment and saddled with excessive deposits, mid-size banks are compelled to drive new loan growth. This compulsion is leading organizations to heavily invest in digitizing their existing products and distribution channels in the hopes that doing so will, somehow, magically enable them to compete with the larger banks and better funded fintech companies that have come to dominate the market.
This webinar proposes a solution – embedding banks’ lending products within the existing and emerging digital ecosystems that their customers are already using — and outlines concrete steps mid-size banks can take to cultivate, participate in, and build on top of such ecosystems and position their organizations to win in an increasingly crowded market.
Key points of discussion:
- How banks can compress their loan acquisition funnel
- The digital lending ecosystem and its evolving landscape
- How banks can seize this lending ecosystem opportunity to get back on the growth track