With increased competition customer churn is an increasingly important battleground for financial institutions. After all, customer experience drives customer churn.
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Digital Maturity seems to be the goal for financial institutions in 2020 as it sets the tone for the ongoing digital transformation efforts. CIOs who hold back or resist the change, risk losing their status quo.
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We at Zuci Systems developed step by step framework to help Financial Institutions plan their digital lending journey.
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Zuci believes in addressing the pain points of financial institutions and to understand the digital maturity of the FSP better we distinguished three levels of digital maturity.
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Zuci has been using low code platform Mendix for app development and we are quite impressed with the gamut of features that Mendix offers for technical and non-technical members alike.
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The Financial Institutions that can use digital technology to process applications, deliver faster decisions and provide funding quickly on the device(s) of choice will win going forward.
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The financial industry enters a late phase of the economic cycle and its high time for bold late-cycle moves. Building a Data Bank should be the ideal step to run any further.
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Four key pillars of digital lending which point out how to drive your digital customer journey.
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“Accurate credit decisions, vastly improve the lending experience of a customer and lender, 45 to 60 percent lower costs, and a more secure risk profile. But how do you plan to get there?”
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From discussing core grounds to debunking common misconceptions and myths, the webinar provided actionable insights on how to implement AI for the betterment of Financial Institutions.
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