Digital lending experts will discuss the new industry approach of incremental “sprint” projects
In a year when lending volumes are down 40% or more, Wolters Kluwer Compliance Solutions expert Kevin Wilzbach will be participating in a HousingWire panel on digital lending trends at 1 p.m. CDT Wednesday, July 19th.
The panel of experts will discuss a recent tendency of some lenders toward incremental adoption of digital banking capabilities due to the lower volume of loans—digital “sprint projects.” Instead of embarking on longer digital transformation journeys, many lenders are deciding to spend time and energy on smaller, less costly sprint projects.
“Lenders aren’t necessarily spending large amounts on their digital transformation projects right now, given the state of the market,” said Wilzbach. “Instead, these smaller projects are moving lenders along the path of digital transformation—without having to bite off more than they can chew. I’m looking forward to a stimulating discussion with the rest of the panelists about the factors behind this development and what lenders can learn from others in their digitization journey.”
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