Loxon at Portfolio Fintech conference
Jun 6, 2017
Soon it will be possible to request a loan in less than 10 minutes because of the increasing use of digitization of processes in the field of risk management and lending - said Tamás Erni in his presentation at the Portfolio Fintech conference. The event held on 30th May had a strong focus on digitization, the speeding up of lending and risk management processes, but the topic of fast payment and security was also put on the table. In the coming years the acceleration of banking processes can be expected. Tamás Erni named as the main reason for this that compared to the closed market 10 years ago, by now the minimum conditions to enter the banking sector have drastically dropped. Supporting this changing tendency, the development of artificial intelligence makes it possible for banks to carry out the credit evaluation of private non-mortgage loan requests in less than 10 minutes. Alongside the traditional sources of information on potential clients, it is possible now to use such relevant indicators like the client's social network activity for data analysis during the the credit evaluation process.
More about the contents of the conference can be found on the webpage of Portfolio.