Product Type: Market Research Report
Published by: TowerGroup
Published: December 2007
Product Code: R301-1387Description Rising delinquencies and declining lending volume in most areas of consumer lending, especially mortgage lending put the consumer banking divisions of financial services institutions in a defensive mode for 2008. This time of crisis in the industry has lowered financial performance expectations for many, but it also means opportunities for those that adjust business strategies and IT initiatives. Consumer lenders need a new road map for success. A credit reformation is under way and in this annual report on the future of the consumer lending industry, TowerGroup has outlined the top business drivers, strategic responses, and technology initiatives lenders need to evaluate.
Table of Contents - Report Coverage
- Analysis of Key Issues
- Exhibit 1 Top Business Drivers, Strategic Responses, and Technology Initiatives in Consumer Lending (2008)
- Exhibit 2 Sample Mapping of Top Business Drivers for Consumer Lending (2008)
- Business Driver 1: Market Volatility
- Business Driver 2: Changing Customer and Market Needs and Product Preferences
- Business Driver 3: Increased Regulatory Burdens
- Business Driver 4: Rising Debt Burden
- Business Driver 5: Cost Management Opportunities
- Business Driver 6: Paper-Based and Manual Processes
- Business Driver 7: Fraud Risks
- Recent Trends and Predictions for the Future
- Summary
|
|
