Inefficiencies in the current corporate lending solutions with manual workflows, poor data quality with paper-based documentation and silo-based systems make the entire lending process more complex and time-consuming. Additionally, declining interest rates and spread have put pressure on banks to automate, incorporate effective process governance, ensure faster processes, enhance operational efficiency and scale up to capitalize on the lending opportunities available.
If banks do not transform their lending system now, they risk losing their business to other more efficient banks and shadow lenders such as institutional investors, P2P lenders and business development companies.
Its time for banks to transform their corporate lending solution to analyze borrowers’ global risk faster and more efficiently; adhere to changing regulatory norms and meet financial needs of all types of organizations from small companies to large multinationals with operations across the globe.
Formed in 2017, Fintep builds and deploys innovative, next-generation technology software and cloud ecosystem. Our SaaS business model means that we can serve customers effectively, regardless of their size or location; from global financial institutions to community banks and credit unions.
Fintep brings deep expertise and an unrivaled range of pre-integrated solutions spanning transaction banking, lending, and capital markets. With a global footprint and the broadest set of financial software solutions available on the market, Fintep manages more than 800 Billion EUR loans over 32 different jurisdictions including the top 100 banks globally.