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Increase Digital Loan Applications with QR Codes

on Wed, Mar 25,2020 @ 11:45 AM | By Kristina Quinn | digital application process digital lending
Today’s financial institutions are increasingly open to the adoption of digital technologies to enhance the customer experience. A good example of this is QR Codes. A number of banks and credit unions have started using QR codes to provide consumers with a new way to make payments. This innovation should be applauded, but also qualified; there may be some additional ways in which financial institutions could be making use of QR codes, including for marketing. Right now, these additional applications are largely being neglected.
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3 Ways to Improve Online Deposit Account Applications

The digital consumer experience has grown tremendously in the past five years. Consumers can accomplish many essential tasks from the comfort of their homes, using a mobile device or computer. Additionally, remote career opportunities are becoming more and more prevalent, healthcare organizations are adopting online doctor visits, and just about any cuisine can be delivered to your home with a few clicks. Although not all industries are growing at the same pace, these convenient experiences leave consumers with a much higher expectation for any digital experience. These expectations, of course, include the online deposit account application, especially for the younger tech born and bred generation.
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How to Compete with Digital Lending Leaders [Webinar Summary]

on Fri, Nov 22,2019 @ 05:45 AM | By Yelena Kolesnik | digital application process digital lending
Our most recent webinar featuring Jim Marous, Owner and Publisher of the Digital Banking Report and Co-Publisher of The Financial Brand and MeridianLink Sales Engineer, Jerod Nace, covered best practices to help banks and credit unions compete with digital lending leaders.
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5 Perks of Using Social Media for Financial Institutions

on Thu, Nov 14,2019 @ 06:04 AM | By Yelena Kolesnik | digital application process digital lending
Social media is a very powerful tool for many different reasons. Those who do not understand it can fall in the trap of deeming it as a non-legitimate form of communication and marketing and miss out on a wide array of benefits. According to Oberlo, there are about 3.2 billion social media users, 68% of which are Facebook users (Oberlo).   
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Digital-First Approach to the Consumer Experience, Does Your Financial Institution Measure Up?

As a millennial, I’ve spent a big portion of adult life with technology that allows me to do, surprisingly, a lot from the comfort of my couch, with my iPhone in hand. It’s fascinating to see how many staple processes in our culture have been completely flipped upside down as a result of technological advances.
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Important Items to Note When Investing in a New Loan Origination System

Several years ago, I was unexpectedly faced with the decision of buying a car. Not at all ready, I aimlessly read articles and bombarded everyone I knew with questions about their cars. And just like an internet review, the feedback was either overwhelmingly positive or negative. Through this process, I did receive one piece of great advice. Simply put, there is no perfect machine out there and not all features and factors are of equal value to everyone. It is important to identify your key needs and important features before you start the shopping and test-driving phase.
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2 Top Digital Lending Best Practices

Digital maturity is something almost every business – regardless of industry – struggles to attain. According to an article late last year in Entrepreneur, a good number of them make the mistake of simply equating it with technology implemented. When in reality, technology is just a catalyst for much deeper business changes.
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