Now more than ever, banks need absolute certainty that the loan assets they hold are compliant and transferrable. Unfortunately, many loan assets are stored in outdated solutions or off-the-shelf technologies, which critically hampers the ability to transfer them to the secondary market. Teams are unable to gain quick insight on current portfolio health and resilience, which makes it difficult to determine marketability, true asset value, and the right time to sell them.
Digital asset certainty provides an auditable and tamper-proof digital chain of custody for digitally originated loans, which enable lenders to prove their interest and claim on secured assets. Digital asset certainty also enables long-term compliance with established regulations and industry standards for loans that are electronically originated, distributed, or transferred — future-proofing these digitized assets from unforeseen threats to their authenticity or integrity.
Digital asset certainty:
- Helps to reduce risk in all stages of loan management
- Enables an irrefutable claim on financial interest in all secured loans
- Improves operational efficiency, automates processes, and reduces manual interventions
- Gives customers streamlined and efficient services, and enhanced transparency and security
- Provides automated processes that can ensure compliance with contractual terms
And the results of having a responsive, always-on digital vault allow teams to:
- Reduce overhead costs, freeing resources to be allocated more effectively
- Reduce default risks and improve the bank’s overall risk profile
- Provide faster dispute resolution
Loan assets as a competitive advantage
But much more than that, the right e-vault strategy can boost your bank’s overall competitiveness. A shared repository of all loan assets provides teams with the ability to swiftly respond to market fluctuations and retain liquidity.
Top-line benefits of the right e-vault strategy and processes include:
- Attract and retain customers
- Increase market share, and attain higher profitability and growth
- Improve decision making
- Boost customer satisfaction and loyalty
Next steps
So now that you can see what your bank stands to gain from an e-vault, how do you get started? We’ve created an interactive assessment that gives an overall score on where your bank stands in leveraging portfolio health to minimize financial risk while maximizing market liquidity. You’ll see questions like…
