The times, they are churning. Interest rates are up, so borrowing volume is down, and price sensitivity for borrowers is up. There are plenty of other reasons for borrowers to change lenders, as well as for lenders to adjust their portfolios by saying goodbye to some borrowers and hello to new ones.
By canvassing the broader vendor market in commercial banking for features and functionality related to the detection and deterrence of customer churn, Datos Insights presents in this report the state of attrition-related technology available to commercial banks. In all, 31 vendors were invited to participate; three did so: Abrigo, Identifee, and nCino. This report profiles these three vendors.
Clients of Datos Insights’ Commercial Banking & Payments service can download this report.
About the Author
David O'Connell
David O’Connell is a Strategic Advisor with the Commercial Banking team at Datos Insights, where his primary coverage area is lending. A former commercial lender of 14 years, David brings to his lending coverage extensive hands-on and granular knowledge of banks’ challenges in building businesses that lend safely, cost-effectively, and at scale. Broadly scoped, David's coverage of lending encompasses the...