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Payment Due Date Change Requests and Other Auto Finance Lender Challenges During Economic Recessions

Lightico

During a recession, borrowers frequently grapple with increased financial strain , stemming from job loss, reduced income, and heightened living expenses. As a result, they often face challenges in meeting their auto loan obligations, creating a surge in requests for due date changes, or even deferment of payments all together.

Finance 52
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Introducing Lightico for Bank Loan Origination

Lightico

Loan origination tends to be a cumbersome, messy process. With Lightico’s Digital Completion platform, financial insitutions can quickly and seamlessly complete the customer-facing side of the origination process. Challenge: Slow Loan Origination. Slow loan origination processes are a pain — and costly.

NPS 52
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New Survey Reveals the State of Consumer Lending in the US

Lightico

Delinquencies are starting to rise, auto loan defaults are increasing, and concerns about rising costs are ubiquitous. We found that a majority of consumers are concerned about their ability to repay loans, but have some doubts about their bank or auto lender’s ability to support them. Loan originations are still happening.

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4 ways to enhance client experience in Financial Services 

Logicalware

The financial services industry has changed radically in the past decade. In fact, 80% of clients say the experience a company provides is as important as its products and services. In fact, 80% of clients say the experience a company provides is as important as its products and services. Picture this: The year is 2005.

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Introducing Lightico For Auto Loan Originations

Lightico

Auto loan originations tends to be a cumbersome, messy process. Challenge: Slow Loan Originations Processes. Challenge: Slow Loan Originations Processes. Slow loan originations processes are a pain — and costly. This allows the business to scale without needing to grow the team size. 92% session completion rate.

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Strategies for building a resilient business

Intercom, Inc.

The past few weeks have shown us how important it is for all of us to deeply empathize with those around us. These are all key components of a business resilience strategy, one that bolsters up a business that’s faced with challenges and sets it up for growth long-term. In March, McKinsey & Co.

B2B 197
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20 Call Center Pros Share the Most Undervalued Call Center Metrics and How To Better Leverage Them

Callminer

From essentials like average handle time to broader metrics such as call center service levels , there are dozens of metrics that call center leaders and QA teams must stay on top of, and they all provide visibility into some aspect of performance. Bryan Weinstein @call4health. Employee engagement.