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New "State of Digital Lending" Report Reveals Over 50% of Organizations Struggle to Deliver Fast, Seamless Digital Lending Experiences

MeridianLink, Inc. (MLNK) 
US:NASDAQ Investor Relations: investor.moduslink.com
Company Research Source: Business Wire
MeridianLink, in Partnership with the Digital Banking Report, Shares Insights on the State of Digital Lending COSTA MESA, Calif.--(BUSINESS WIRE)--MeridianLink, Inc., a leading provider of modern software platforms for financial institutions and consumer reporting agencies, recently unveiled the “2024 State of Digital Lending” report in collaboration with prominent industry expert, Jim Marous, owner and publisher of The Digital Banking Report. The report highlights that while there is a notable increase in mobile and digital loan applications, with 65% of applications now submitted via mobile — a significant rise from 54% in 2021, 44% in 2020, and 34% in 2019, financial institutions still find difficulty meeting consumer expectations.While over 50% of organizations claim to have a fully digital lending process, many still struggle to deliver a fast and seamless experience, especially to those consumers seeking a “do-it-yourself” solution. Drawing on insights from leaders at hundred Show less Read more
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