Technology Leaders' Luncheon | Lending Modernisation

Technology Leaders' Luncheon | Lending Modernisation

Risk-remediated, cost-efficient frontiers to core transformations in Australian Regional Banks, Mutuals and Non-Bank lenders

The Study, Park Hyatt - Sydney, Australia

Hosted by Factor

Overview

The Australian lending industry is meandering through various phases of tepid growth and serviceability challenges amidst a burgeoning house price market not tempered by myriad interest rate increases. In this market challenger banks and regional mutuals hold the key to real customer lifecycle impact. However, navigating with outdated legacy core systems & processes poses significant challenges for these institutions, who are also going through a sectoral consolidation. From cumbersome loan processing to outdated origination methods, managing operations with these systems can hinder competitiveness, breed operational availability & resiliency risks as well as be extremely expensive to modernise.

In today's competitive landscape, operational efficiency & risk remediation is paramount for regional challenger banks, mutuals and non-bank lenders. An opportunity exists to modernise legacy core systems and processes to facilitate increased ability to handle GRC whilst also optimising costs. By leveraging a composable loan lifecycle management platform, FSI’s can complement current LOS digitalisation efforts, and swiftly reconfigure loan offers, refinancing, and repayment schedules. This approach, unlike "rip & replace," involves "hollowing out the core," leveraging specialised lending systems for end-to-end digitalisation

Join us in this analyst moderated interactive roundtable to delve further into the above challenges, including a specific focus on the following discussion points:

Discussion Points:

1. Best practices for modernisation of digital servicing capabilities

2. API integration and co-opetition in the Australian fintech and lending ecosystem

3. “Hollowing out the core” capabilities undertaken in international markets

4. Improving GRC whilst optimising costs

5. Innovative solutions and future trends

What to expect

What we will cover

Agenda

Partners

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