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3 future-proofing musts for lenders

3 future-proofing musts for lenders

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In a fast-changing digital landscape, lenders must adopt three future-proofing strategies to remain resilient and successful. First, they need to make agility and flexibility central by reassessing rigid systems and processes, ensuring they can adapt to both challenges and opportunities. Second, they should create adaptable and scalable cost structures, moving away from fixed costs that limit responsiveness and instead embracing scalability to withstand downturns while enabling growth. Third, building strong connections with borrowers is vital, achieved through flexible payment solutions, personalized support, and advanced analytics using AI to predict defaults and guide borrowers toward sustainable outcomes.

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