Leading Topics
- Trends (42)
- Customer Acquisition and Retention (42)
- Customer Experience (41)
- Technology (33)
- Account Opening (29)
Keyword Tag Cloud
Alternative Data Analytic Models Automation Branch Banking Cost Reduction Credit Card Credit Card Regulations Credit Risk Policy Cross-sell Customer Intimacy Customer Service debit card Decisioning Demand Deposit Account Durbin Amendment Financial Crisis Fraud Generation Y Innovation Instant Prescreen IT Investment Lifestyle Banking Loan Origination System Mobile Banking Online Banking Reputation Management Risk Management Transparency Trust UnderbankedBlogs We Love
Archives
Tag Archives: Loan Origination System
Origination Automation: Is There Low Hanging Fruit?
Topics: Operational Efficiency, Technology
Tagged: Automation, Cost Reduction, Decisioning, Loan Origination System
In a recent CEB TowerGroup webinar industry analyst Frank Bria stated that all the low hanging fruit of automation has already been accomplished. In a sense, this is certainly true. Banks have invested in automation for decades, focusing on the parts of the process that will provide the best return on investment (ROI). As a… Continue reading →
Automate Merchant Originations and Grow Wallet Share
Topics: Customer Acquisition and Retention, Operational Efficiency, Technology
Tagged: Automation, Loan Origination System, Merchant Origination
The original impetus for loan origination systems and application processing was B2C and involved FI’s strategically finding ways to grow the sheer number of consumers in their portfolios. However, today there is a strong area of growth outside of the consumer space that warrants implementing automation. It is in the B2B space: Merchant Services.
Small… Continue reading →
Just Because It Ain’t Broke, Doesn’t Mean You Can’t Fix It
Topics: Operational Efficiency, Technology
Tagged: Business User Control, Legacy Systems, Loan Origination System
There is a very popular sentiment that is expressed whenever the topic of legacy system replacement comes up; if it ain’t broke, don’t fix it. This is the phrase that stops any debate on legacy system replacement dead in its tracks. There is no good comeback. Why spend millions of dollars to replace a system… Continue reading →
Technology: The Silver Lining in the Banking Crisis Series – Cost Reduction
Topics: Operational Efficiency, Technology
Tagged: ASP, Automation, Cost Reduction, IT Investment, Loan Origination System
My first point here is that banks are not IT shops and should not try to be. They need to focus on their core capabilities and the things that differentiate themselves in the market. With new regulatory pressures projected to consume the majority of banks’ already diminished IT capabilities (I’m sure most of you have… Continue reading →