The UK SME lending sector is increasingly witnessing innovation across supply chain, origination, loan servicing and portfolio management. Some banks are already reinventing business models by offering value-based and need-based segmentation models. In such a scenario, banks need to transform SME Lending due to increasing competition, changing regulations and evolving customer expectations and technology.
Traditionally, SME loans have been associated with “piles of paperwork” and a high turn-around-time, and transaction costs to process SME loans are comparable to high value Commercial loans. The risk associated is high and assessing creditworthiness of small businesses can be difficult due to information asymmetry.
As a lender to small businesses, banks and Financial Services Institutions need to understand customers’ needs, how can they increase customer lifetime value, and of course as a new age lender how can banks get the technology right to achieve it?
Join Newgen Software in this Webinar featuring Jost Hoppermann, VP & Principal Analyst, Forrester Research Inc. as a guest speaker to understand:
- Key drivers changing the small business lending scenario
- Achieving agility in banking with business applications
- How the right technology can drive up the volume for SME Lending
- Enhancing lifetime value of small business customers
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Recognition:
- A “Leader” in The Forrester Wave™: Content Platforms, Q1 2023
- A Strong Performer in The Forrester Wave™: Digital Process Automation Software, Q4 2023
- Recognized in Forrester’s The Task-Centric Automation Software Landscape, Q3 2024 on 19th July 2024
- Recognized in Forrester’s P&C Claims Management Systems Landscape on 21st February 2024
- A “Niche Player” in Gartner® Magic Quadrant™ for Enterprise Low-Code Application Platforms, October 2023, published on 17th October, 2023, et al.
- Recognized in the Gartner® Market Guide for Commercial Loan Origination Solutions on 6th Nov 2023.
- Recognized in the Gartner® Market Guide for Commercial Banking Cash Management and Trade Finance Solutions on 26th Oct 2023.
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