On 30th March our community came together for FTT Lending 3.0, where we explored the key trends, innovations and technologies that are powering the future of lending.
During the day, our Product and Growth Manager, Jess Mager, sat down with Iana Dimitrova, Chief Executive at OpenPayd. The two discussed the key highlights across the day and how OpenPayd helps lenders to automate their processes.
For businesses to recover from the pandemic, they will need access to financial services and capital as quickly as possible. The speed of onboarding, underwriting, and decision-making on the front-end is critical but for lenders to achieve this, they need to look at the back-end infrastructure, such as automating ledgers or payment processing. In order for lenders to deliver the best service to customers and reach a decision in under ten minutes, they need to ensure their back-end processes are automated.
Iana covers how lenders can automate their back-end processes, as well as the most interesting trends within lending, including the debate around human vs digital in credit decisioning. Listen to the full interview below.