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Self-paced
Digital Lending: a Roadmap to ROI and Intelligent Automation
students
1 hour 30 minutes
Take a deep dive into today's world of digital lending. Get to know how to boost productivity and establish profitable processes for issuing loans while delivering a seamless digital lending experience.
About this course
This course walks you through the transformation of digital lending. You’ll familiarize yourself with digital lending and its working processes that can be automated, along with real-life use cases.
By the end of this course, you’ll be equipped with all the knowledge necessary to understand how to streamline lending processes and provide a better customer experience.
What’s included?
lessons to explain how digital lending works
quiz to consolidate your knowledge & test new skills
certificate to showcase your new skills
What will you learn?
What digital lending encompasses, its value, and statistics
The key steps in the lending process that can be automated
How to create a completely digital lending experience for your business
Key use cases that showcase how digital lending works in real life
Who is this course for?
Anyone interested in growing their knowledge of digital financial processes
Anyone looking to enhance and streamline their lending process
Those who want to advance their career with new skills
Related workflows
Start learning today
Sign now for free
What is intelligent automation (IA)?
In a world of constant change, nothing stays the same for long. Organizations across the globe are already successfully implementing powerful document and robotic process automation. But intelligent automation is more than just automation, it’s forward-facing. Every day we see advancements in technology, innovations like artificial intelligence, big data, neural networks, and more.
Advancements in artificial intelligence introduce new opportunities and capabilities for businesses. Get access to a powerful new tool – intelligent automation – that combines the power of RPA (robotic process automation) and AI (artificial intelligence). It significantly accelerates the process of digital transformation and improves workflows. More and more organizations are already implementing it into their working processes and are reaping the benefits.
Why you need intelligent process automation
Intelligent automation is key to leveling the playing field and getting your organization the upper hand it needs to compete more competitively.
Let’s clear the water and go over the main advantages of artificial intelligence.
Operates 24/7 according to defined rules
It never tires, meaning it doesn’t take breaks, doesn’t go home early, and doesn’t go on vacation. AI is always learning and completes its tasks accurately and according to the rules you set. Humans can make mistakes, miss important information, and so on. Errors related to the human factor are time-consuming and costly.
Does more, more effectively
Intelligent automation processes and transfers data much faster and more accurately than humans. It works with large amounts of data in less time with far fewer mistakes.
Increases customer satisfaction
Quick processes mean happier, more satisfied customers and clients. When data is analyzed faster, and decisions are made quicker, questions are asked and answered in record time, financial issues are immediately resolved, and website visitors get what they want sooner.
Makes business more secure
Intelligent automation solutions examine many factors, some of which can be missed by humans or hidden by consumers, including digital behavior. IA can analyze a system’s potential vulnerability to being cheated. Thus, providing an honest rating of each user to avoid or eliminate risk factors.
Increases business profitability and ROI
All the factors mentioned above, including decreasing risk, streamlining and accelerating workflows, and growing customer satisfaction –– positively influence your ROI (Return on Investment).
Lending steps that need intelligent automation & soft computing
As powerful as IA is, the system can't process all the steps in a lending workflow (for example) on its own, but it's only a matter of time. Each case, more or less, requires human interaction. However, robotics drastically minimizes these interactions. For example, some of the steps in the lending process can be easily automated. These include loan applications where a potential borrower files all the required personal and financial information. Or email communications when you and your client need to correct mistakes in forms or discuss an agreement. Other steps include automating risk evaluation for simplifying the process of making decisions and signing procedures.
Intelligent automation and robotics in lending and many other spheres are definitely worth implementing.
How to become an intelligent process automation expert
Learning how to automate business processes is easier than you think. The days of universities are gone. Now you have the opportunity to learn from your home, office, or anywhere. The airSlate Academy makes this a reality.
The airSlate Academy offers professional courses that teach you and your team how to utilize different tools for improving your business in various spheres. It starts with advanced tutorials for airSlate WorkFlow –– a holistic BPA solution, which allows you to organize and streamline your everyday workflows. For example, in the Fundamentals course, you'll find information about how to build your first template and set up bots to do manual, repetitive work for you.
The airSlate Academy offers various materials that cover a wide scope of automation possibilities with airSlate WorkFlow. Learn how to use intelligent automation & soft computing via solutions like TurnKey Lender for lending organizations.
How to enroll in the airSlate Academy
Absorb new information in a fun, interactive way. Begin improving your skills by creating an account and choosing a course to start with.
At the end of the course, you will have obtained:- Theoretical knowledge
- Practical skills
- Relevant use cases
- Licensed certificate
The future is here and now. It’s time to adapt and grow to stay competitive on the market. Enroll in our intelligent automation course today!
Questions & answers
Here is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
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Intelligent automation combines technologies that synthesize robotic process automation and artificial intelligence solutions to automate business processes seamlessly. Any business can apply intelligent automation to its operations, no matter the scale. Automation empowers the intrinsic efficiency of an enterprise, taking on routine, time-consuming processes that do not require critical thinking or problem-solving. Robotic solutions free up more time for teams to handle more demanding tasks.
Essentially, intelligent process automation replaces people on simpler tasks that a machine or artificial intelligence can handle. An automated approach to tasks helps save employees time or secures their safety if hazards exist. With intelligent automation, the company distributes mentally demanding activities more effectively.
Depending on the task, intelligent automation can run on a combination of artificial intelligence, machine learning, computer vision, natural language processing, and process mining. These technologies typically find roles in rules-based processes, freeing humans from time- and effort-consuming tasks.
Today, intelligent automation can handle many processes. Call centers provide an excellent example of this: operators are freed from dialing numbers and listening to unanswered calls. Instead, automation patches operators through to answered calls and handles the wait for those that go unanswered. AI and automation can also deal with data transfer, order processing in eCommerce, employee onboarding in human resources, and many more routines.
Intelligent automation tools help set up processes. Their combination depends on their tasks and the company's business objectives. If you want to know about their diversity and implementation, try this interactive training course to figure out how they work and how your business can benefit from them.
Intelligent automation is a broader notion that includes RPA, or robotic process automation. The latter usually handles repetitive manual tasks with the help of software bots. RPA can complete tasks without decision-making or judgment, while automation AI can do both.
Digital Lending: a Roadmap to ROI and Intelligent Automation
The Digital Lending: A Roadmap to ROI and Intelligent Automation course is designed to help financial professionals transform their lending business through the power of automation. By utilizing digital tools and technologies, you can make the lending process more efficient, consistent, and compliant. This course covers everything from borrower onboarding to automated underwriting and regulatory compliance, ensuring that you are well-equipped to optimize your lending operations.
What you will learn:
- The fundamentals of digital lending and its impact on the financial industry
- How to automate borrower onboarding through various digital channels
- Implementing automated underwriting systems using algorithms
- Best practices for integrating financial process automation with airSlate WorkFlow
Who should enroll:
This course is ideal for financial professionals who want to modernize their lending processes and improve efficiency. Relevant professionals include:
- Loan Officers
- Financial Analysts
- Credit Risk Managers
- Compliance Officers
- IT Specialists in Financial Services
- Operations Managers
Course Outcomes:
- Streamlined onboarding. Automate borrower onboarding using digital channels such as email, social media, and search engines.
- Automated underwriting. Implement algorithms for faster and more consistent loan decisions.
- Regulatory compliance. Ensure your lending practices adhere to federal, state, and local regulations through automated processes.
- Enhanced productivity. Use airSlate WorkFlow to automate document workflows, freeing up time for strategic tasks.
- Improved decision-making. Leverage data analytics for process improvement and portfolio profitability, enhancing overall business performance.
Get Your Certification! Enroll in the "Digital Lending: A Roadmap to ROI and Intelligent Automation" course today and earn a digital certificate upon completion. Transform your lending business with advanced automation technology.