Loan Automation - Hyper Automation Lending Framework

Presented by

Anand Subramaniam, Head of Artificial Intelligence, Aspire Systems, Ronak Doshi, Vice President, Everest Group, Kriti Gupta,

About this talk

Lending market continues to grow as consumers and businesses need capital and liquidity to manage their financial needs and priorities. Considering the recent pandemic, governments across the world continue to provide stimulus to individuals and businesses through massive lending programs that is further growing this business. However, the lending value chain is plagued by legacy systems, siloed operations, ever changing regulations and broken processes leading to poor experience and high operational costs , which directly impact customer experiences The ever-changing customer expectations is forcing banks and financial institutions to shift from a traditional to a digital lending culture with increasing emphasis on reduction of loan processing time. Thus, there is increasing need to bring in agile product innovation, enable zero touch interactions by reimagining digital experiences and channels strategy, and plug the value leakages in the lending value chain. So far siloed automation interventions have been effective for addressing near-term challenges and gap-fixes. However, an integrated automation approach is needed to provide exponential business value and ensure sustainable operations that are future-ready and resilient. This approach of hyper-automation requires orchestration of multiple digital technology components that are composable and aligned toward meeting business priorities. In this webinar, our guest speakers from Everest Group will join Aspire Systems expert Anand Subramaniam, Head of Artificial Intelligence, Aspire Systems to discuss a framework for building a resilient and sustainable digital operating model for lending by leveraging hyper-automation. Guest Speakers: •Ronak Doshi, Vice President, Everest Group •Kriti Gupta, Senior Analyst, Everest Group

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Aspire Systems is a global technology services firm serving as a trusted technology partner for its customers. The company works with some of the world's most innovative enterprises and independent software vendors, helping them leverage technology and outsourcing in Aspire’s specific areas of expertise. Aspire System’s services include Product Engineering, Enterprise Solutions, Independent Testing Services and IT Infrastructure & Application Support Services. The company currently has over 1,400 employees and over 100 customers globally. The company has a growing presence in the US, UK, APAC, Middle East and Europe. For the 6th time in a row, Aspire has been selected as one of India’s ‘Best Companies to Work For’ by the Great Place to Work® Institute, in partnership with The Economic Times.