The webinar, “Optimizing Loan Origination while Mitigating Risk,” cohosted by Biz2X, First Saving Bank, and Thomson Reuters, provided invaluable insights into navigating the landscape of risk and loan origination.
Webinar highlights include:
Jim Valete, EVP at First Saving Bank, discussed how the rise in digital origination, through platforms like Biz2X, has transformed their risk perspective, particularly in credit assessment and underwriting. He tackled concerns about the evolving risk environment, including economic uncertainty and policies, and outlined how banks can prepare for such challenges. FSB’s adapting from a traditional bank to digitalization while preserving a personalized approach. Despite some customers still favoring traditional methods, FSB embraces digital preferences by prioritizing speed, standardization, and leveraging automated credit scoring systems for better risk assessment.
Mark Sullivan, Regional Sales Manager at Thomson Reuters, highlighted the impact of digital origination on the visibility it brings to hidden risks. Although digital origination offers quick responses and document-based verifications, another new challenge is that lenders must balance speed with accuracy to remain competitive without increasing portfolio risk.
Watch the full webinar and dive into the discussion, which examines both banks and service providers, and learn about the advantages of a bank-fintech partnership in facilitating growth while mitigating risk.
