61% of Mid-Sized Banks Eye Fully Automated Lending

Digital lending is at a crossroads as financial institutions and banks grapple with modernizing their loan processes, revealing a significant divide between readiness for consumers and small businesses.

A recent PYMNTS Intelligence report, “The State of Digital Lending Readiness,” shed light on the varying degrees to which banks are equipped to handle lending in the digital age.

The August 2024 study, based on a survey of 45 senior executives at mid-sized banks, including community banks...