Five Reasons Why the Lending Industry is Digitising

The lending industry has traditionally conducted operations through face-to-face consultations or via telephone appointments, but with technology changing the way almost all industries and sectors operate, it is inevitable that the loaning industry will reap these rewards. More and more, we are seeing lenders switch to online platforms, with some lenders even basing their operations entirely on the web. While IT and internet technology used to give some concerns and doubts about their financial safety, these fears have been greatly reduced, due to advancements and strides in cybersecurity.