Your World of Legal Intelligence
 United Kingdom | +44 (0) 20 7284 8080

Aite-Industry Overview: CLO Automation.

Document Cited in Related
Vincent

ENPNewswire-September 16, 2021--Aite-Industry Overview: CLO Automation

(C)2021 ENPublishing - http://www.enpublishing.co.uk

Release date- 14092021 - Now more than ever, lenders see more reasons to adopt CLO automation than they see reasons not to.

Once upon a time, commercial lending was a business dominated by in-person interactions. And although this approach long persisted, despite the ready availability and moderate embrace of automated commercial loan adoption, it was all but vaporized by the COVID-19 pandemic. Now, the desire to digitalize the borrower experience, the need to support a newly remote workforce, the pursuit of scale, and the achievement of a single view of risk drive the increased adoption of CLO automation.

'The pandemic has added meaningfully to the adoption promoters lenders consider in the automation of commercial lending,' according to Aite-Novarica Group Strategic Advisor David O'Connell. 'Conversely, long-standing deterrents to adoption are far less potent and seem fickle in historical retrospection,' he says.

This report explores some of the key trends within the commercial lending market and discusses how technology is evolving to address new market needs and challenges. It also provides high-level vendor market analysis, including IT spending projections. Sources of this research are conversations between the author and users of CLO systems, briefings on systems in the market, and demonstrations of these systems. Supporting these data sources is a program of vendor evaluations that will result in an...

To continue reading

Request your trial
COPYRIGHT Normans Media Ltd.

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT