Community
Businesses move from manual to digital solutions to achieve a range of goals. Having recently masterminded Estonian bank Bigbank’s own digital transformation, Agur Jõgi, chief technology officer says that credit and lending providers are striving to deliver a better experience to customers, with speed a primary goal.
“Old manual processes can take days – or more - to deliver a credit risk decision,” says Agur. “This can be slashed to under a second. Not only that, advanced technology and risk analytics can also deliver improved customer insight and the flexibility to make updates to credit risk management models without development.”
Agur offers this advice to businesses embracing a digital transformation:
Technology can transform credit risk management to help meet today’s customer expectations of simplicity, speed and reliability. Through the right solution choice, effective implementation and a supportive rollout, it can also improve customer segmentation and alleviate the time and cost pressures of model changes, ultimately equipping the business for growth.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Zurab Ashvil Founder & CEO at T3RRA Ltd
09 June
Bekhzod Botirov Сo-owner and member of Supervisory Board at PayWay
06 June
Priyanka Rao Content Strategist at Jupiter Money
John Bertrand MD at Tec 8 Limited
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.