March 04, 2010
In the wake of the global credit crisis, most banks dramatically curtailed their lending activity, and those that continued to lend actively were more cautious than ever. With signs of economic recovery as well as pressure from the Obama administration, however, some banks are beginning to restart both consumer and business lending, often taking advantage of leading-edge technologies in areas such as content management/workflow, analytics and straight-through processing to manage both credit risk and operational costs. How has the lending business changed in the post-crisis, post-recession environment? And what kinds of technologies must banks embrace to manage risk, streamline operations and achieve regulatory compliance in their lending practices?