Three Tips from Google to Navigate The Storms In Commercial Banking
Self-driving cars are the nirvana for many commuters in the United States. The concept of being able to drive without driving and focus entirely on something else, while you are being safely piloted to your destination, is the stuff of dreams. The great thing is that it is not too far in the future and has just a few hurdles to get over—and Google’s sister company focused on self-driving technology, Waymo, is making huge progress in this area.
Likewise, the concept of a fully digitized experience for commercial lending—where the application and underwriting are optimized and streamlined to only high value-added human insights, and the portfolio is scoured constantly looking for threats or even better opportunities—is here today. For most financial institutions, it will require just a few hurdles, mostly with culture and risk appetite, to overcome. So let’s take a few pointers from Google and Waymo and see how they are overcoming similar challenges and how you can apply those approaches to your digital process.
Want to learn more? Check out the rest of the post on the Risk Management Association’s blog!
Posted on September 13th, 2019 at 2:26 pm
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