Weekly Wrap looks at automation journeys in commercial lending
In this Weekly Wrap episode of “The Buzz” podcast, the Bank Automation News team discusses the recent Bank Automation Summit 2022 with recorded conversations from the panel “Modernizing Commercial Lending Through Automation.”
In this Weekly Wrap episode of “The Buzz” podcast, the Bank Automation News team discusses the recent Bank Automation Summit 2022 with recorded conversations from the panel “Modernizing Commercial Lending Through Automation.”
Listen to find out how technology experts are deploying automation for commercial lending success in the wake of disruption and digitization. This episode features:
Atul Verma, CIO of personal and business banking at BMO;
Daniel Seay, senior vice president and director of wholesale transformation at Fifth Third Bank;
Chris Gufford, general manager of commercial product at nCino; and
Karen Oakland, vice president of industry marketing at Smart Communications.
Automating data capturing streamlines underwriting and decisioning processes for banks, Seay tells attendees.
“It takes longer to do a renewal than it does a new money deal. And intuitively, that makes no sense,” Seay says. “Once you start to capture the data, where you can then use it, snapshot it and say only four data elements changed from the last time we did this. That really starts to change the game.”
Listen to find out how technology experts are deploying automation for commercial lending success in the wake of disruption and digitization. This episode features:
Atul Verma, CIO of personal and business banking at BMO;
Daniel Seay, senior vice president and director of wholesale transformation at Fifth Third Bank;
Chris Gufford, general manager of commercial product at nCino; and
Karen Oakland, vice president of industry marketing at Smart Communications.
Automating data capturing streamlines underwriting and decisioning processes for banks, Seay tells attendees.
“It takes longer to do a renewal than it does a new money deal. And intuitively, that makes no sense,” Seay says. “Once you start to capture the data, where you can then use it, snapshot it and say only four data elements changed from the last time we did this. That really starts to change the game.”