Increasing Automation in Lending
نویسندگان
چکیده
Despite enormous potential to use web technology at the front-end of retail banking and the advent of mature respective development methodologies, the degree of web technology use in this banking sector is still low. In particular, this applies to lending which is the core of banking. In this paper we argue that there is a gap between the available conceptual means for employing web technology and the used ones. Fully exploiting the available means allows an increase in the degree of automation of loan processes and thus may help to introduce new business models.
منابع مشابه
Missing Race Data in HMDA and the Implications for the Monitoring of Fair Lending Compliance
Home Mortgage Disclosure Act (HMDA) data contains high and increasing percentages of applications that lack race data. As HMDA data are an integral part of current efforts to monitor banks' compliance with fair lending laws, regulators must understand the reasons for, and consequences of, these patterns. Using HMDA data from 1993 to 1999, this study examines trends in missing race data, discuss...
متن کاملA Study on the Effect of Granular Residual in the Banking Network on the Transmission of Monetary Policy through Lending Channel
Granular residual is created in the banking network when there are a few large banks with many small banks. In this case, the effect of the shocks on each bank not lost in total that can lead to macro-economic consequences. The transmission of monetary policy through change in bank facilities is one of the key mechanisms affecting monetary policies. The power of transmission of monetary policy ...
متن کاملBank Lending Behaviour over the Business Cycle in Iran
This paper studies bank loans over the business cycles in Iran to determine the role of Iranian banks in stabilizing credit. By estimating the long-run relations using dynamic OLS and fully modified OLS estimators, the findings show that real bank lending is positively related to real GDP in the long-run providing evidences of the pro-cyclicality of bank lending in Iran. Hence, Iranian banking ...
متن کاملPayday lending in the UK: the regul(aris)ation of a necessary evil?
Concern about the increasing use of payday lending led the UK's Financial Conduct Authority to introduce landmark reforms in 2014/15. While these reforms have generally been welcomed as a way of curbing 'extortionate' and 'predatory' lending, this paper presents a more nuanced picture based on a theoretically-informed analysis of the growth and nature of payday lending combined with original an...
متن کاملThe Interactions between the Lending Rates, Deposit Rates and Money Market Rates
T he present paper investigates the impact of the financial crisis on the interaction between the lending rates, deposit rates and money market rates through the process of retail bank interest rate pass-through in the countries of the Euro area. Among our findings is the heterogeneity of bank rate adjustments across sectors, loans and deposits. That was mainly marked during the pre-...
متن کامل