10 Questions to Ask When Choosing a Home Lending Platform
Home lenders of all sizes across Australia and New Zealand are facing significant headwinds from many directions. But times of great disruption and complexity can unearth new opportunities for challengers to take the lead. The big question is: how can they achieve this?
Challenges and Opportunities Recent findings suggest that building software platforms in-house has fallen short in meeting digital transformation objectives for a significant 70% of financial institutions. To bridge this gap, a shift towards the adoption of Software-as-a-Service (SaaS) platforms is necessary. These resources make enterprise-level technology accessible to financial institutions of all sizes, leveling the playing field.
However, a successful transition to SaaS platforms demands more than just adoption. It requires a culture of partnership and collaboration, underpinned by speed and agility in decision-making and execution. Choosing the right home lending platform involves a careful evaluation of the vendor's finance domain expertise and technical implementations, ensuring that the chosen platform has the potential to transform operations.
