Time for an Upgrade: Five Things You Need to Know to Make Your Commercial Lending Transformation a Success

January 2012

Overview

Banks have reached the tipping point. With regulatory, market, and operational needs converging, lenders are recognizing that their commercial lending processes and systems will not carry them through the next business cycle.

While a number of banks have begun the commercial lending transformation process, some have not had the focus on data strategy that is needed to meet emerging regulatory reporting requirements cost efficiently. This inadequate consideration of data strategy has also affected banks’ abilities to achieve straight through processing and develop a differentiated customer experience.

We have observed that banks often invest much of their project efforts on application features and functionality. In the end, however, it’s their limited focus on data strategy that causes projects to falter. The potential risks of inaction are significant and can impact a bank’s ability to achieve its objectives. An ineffective and inefficient commercial lending loan origination capability and related data environment will put a bank at a competitive disadvantage.

Contact us

Daniel Jackett
Partner
Tel: +1 (415) 498 7559
Email

David Sisko
Principal
Tel: +1 (704) 344 7778
Email

Bryan Ignozzi
Principal
Tel: +1 (415) 498 6346
Email

Pamela Johnston

Tel: +1 (213) 217 3503
Email

Christopher O’Hara
US Cybersecurity and Privacy Co-Leader
Tel: +1 (646) 471 5395
Email

Paula Pereira
Partner
Tel: +1 (416) 941 8460
Email

Michael Savelloni
Principal
Tel: +1 (646) 471 6444
Email

Michael Shearer
Managing Director
Tel: +1 (646) 471 5035
Email

Follow