Portals are being used to digitally expose loan management functionality to make credit and the credit process more accessible to customers. From understanding where they are in the loan process to making payments and getting payoff quotes, portals are expanding what’s available on a self-service basis to business customers anytime, anywhere.

Compared to a single currency environment, a multi-currency environment adds its own set of challenges including: additional business and accounting processes; additional data points to store and track; additional integration points including exchange rates; and more complex reporting and consolidation rules.

Lending as a service, data driven lending, optical character recognition, intelligent automation, pay-per-use, and RPA to improve customer UX are just some of the emerging trends we are seeing.

Direct loans, guarantees, equity investments, project finance including the fiduciary aspect and budget management, syndicated loans, grants, multi-currency loans, donor and trust-funded investment, among others.

SFP provides a solid foundation of pre-configured business processes with a high fit-for-purpose and an architecture that enables flexibility to meet client specific requirements. Business processes are automated, with only exceptions left to manage. Web services provide real-time integration into the IT ecosystem so that information is available faster, with less data entry redundancy. A clear data strategy facilitates data integration and reporting.

Digital transformation often enables banks and specialty lenders to consolidate systems, improve efficiency and compliance, and build better customer relationships.