Loan On Phone: The Future of Digital Lending Solutions

KMS Solutions Blog · 2 years ago · 140 views

According to the ABA Banking Journal, approximately three-quarters of financial institutions (FIs) are now leveraging digital channels to serve both new and existing clients. Over 70% of FIs have adopted or are in the process of adopting digital loan origination methods for personal loans. Additionally, 73% have the ability to prepare loan documents electronically, and a similar percentage have made investments in eContracting/eClosing technologies. Lastly, 55% of FIs have embraced at least one digital content repository or eVault.