Weekly Wrap looks at automation journeys in commercial lending

Show Notes

In this Weekly Wrap episode of “The Buzz” podcast, the Bank Automation News team discusses the recent Bank Automation Summit 2022 with recorded conversations from the panel “Modernizing Commercial Lending Through Automation.” 

Listen to find out how technology experts are deploying automation for commercial lending success in the wake of disruption and digitization. This episode features: 

Atul Verma, CIO of personal and business banking at BMO; 

Daniel Seay, senior vice president and director of wholesale transformation at Fifth Third Bank; 

Chris Gufford, general manager of commercial product at nCino; and 

Karen Oakland, vice president of industry marketing at Smart Communications. 

Automating data capturing streamlines underwriting and decisioning processes for banks, Seay tells attendees. 

“It takes longer to do a renewal than it does a new money deal. And intuitively, that makes no sense,” Seay says. “Once you start to capture the data, where you can then use it, snapshot it and say only four data elements changed from the last time we did this. That really starts to change the game.” 

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The new podcast covering current trends and intriguing topics in automation and beyond courtesy of Bank Automation News, the definitive source for insights and news surrounding automation in financial services.

Formerly Bank Innovation, since 2009 Bank Automation News has been at the forefront of tracking the evolution of digital banking. With the future of innovation pointing to opportunities in automation, we have transitioned the focus of our coverage to continue to provide insights and information that guide industry professionals to better results.

Automation is the next frontier of financial services technology. It will improve or transform most banking processes from customer experience to compliance, lending solutions and investment. Automation technology will create the greatest transformation at financial institutions since the digitization of financial services in the wake of the Credit Crisis. Banks that are not already investing in automation technologies must begin shifting their focus to remain competitive. This transition requires investment in training and educational resources.

Bank Automation News is the first and only news and education source dedicated to fostering this emerging segment of financial services technology.