JurisTech Mentioned as Representative Provider in the 2024 Gartner® Innovation Insight: How Ecosystems Drive Lending Transformation and Asset Growth Report We are pleased to announce that JurisTech has been named as Representative Provider in the Gartner 2024 Innovation Insight: How Ecosystems Drive Lending Transformation and Asset Growth Report. “Gartner research shows strategic partnerships directly support financial institutions’ growth initiatives, but aligning innovation with business outcomes remains a challenge. Financial institution leaders can use this research to learn innovative ecosystem approaches that can drive lending growth.” According to Gartner, “Employing a lending ecosystem as a solution requires smooth integration and aggregation of a wide range of ecosystem partners with flexible finance products and services.” Gartner also mentions that “building an ecosystem through partnership will play a significant role to upgrade the model of existing financial products and experiences, and deliver value beyond traditional banking.” For JurisTech, the inclusion in the report is a testament to its leadership in developing composable lending and recovery solutions that empower financial institutions to create robust, flexible, and scalable lending ecosystems. JurisTech’s comprehensive suite of AI-driven tools enables banks and financial institutions to seamlessly integrate third-party services, leverage real-time data analytics, and deliver personalised financial products that cater to diverse customer needs. As financial institutions strive to innovate and differentiate themselves in an increasingly competitive market, the role of ecosystem technology has never been more crucial. The Gartner report highlights several key areas where ecosystem-driven approaches are transforming the lending industry, including: New Lending Models: JurisTech’s solutions facilitate the adoption of innovative lending models, such as marketplace lending allowing financial institutions to embed finance in various digital ecosystems. Automated and Simplified Lending Processes: Through JurisTech’s advanced automation capabilities, financial institutions can streamline lending processes, reduce operational costs, and enhance customer experiences by offering faster and more efficient services. Data-Driven Insights: JurisTech’s data analytics tools provide financial institutions with deep insights into customer behaviour, enabling hyper-personalised financial products and services that meet the specific needs of each client. Open Banking Lending: JurisTech’s solutions support the integration of third-party products and services, fostering a client-centric model that enhances customer engagement and drives growth in lending portfolios. CEO’s Statement “We believe that our inclusion by Gartner as a Representative Provider in their latest report on lending ecosystems is a reflection of our unwavering commitment to innovation and our ongoing efforts to deliver composable lending and recovery solutions,” said See Wai Hun, CEO and co-founder of JurisTech. “As the financial industry continues to evolve, we remain dedicated to helping our clients navigate the complexities of digital transformation and achieve sustainable growth.” To learn more on how JurisTech can be your solution partner to develop a digital lending ecosystem, explore our composable digital lending and recovery solutions here. Gartner subscribers can access the full report on Gartner’s Website. Gartner, Innovation Insight: How Ecosystems Transform Lending and Drive Assets Growth, Mary Yan, 4 July 2024. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. About JurisTech JurisTech is a global leading company, specialising in enterprise-class lending and recovery software solutions for banks, financial institutions, telecommunications, and automobile companies worldwide. We power economies by reimagining financial services with cutting-edge software solutions, leveraging composable architecture and generative AI. Our offerings include artificial intelligence (AI), auto-decisioning, digital customer onboarding, loan origination, credit scoring, loan documentation, litigation, and debt collection. Our solutions have enabled businesses across a broad array of industries to undergo digital transformation, providing enhanced customer experiences and, most importantly, achieving their business goals. By JurisTech| 2024-09-25T15:07:41+00:00 5th September, 2024|News| About the Author: JurisTech The Marketing & Communications team at JurisTech comprises skilled digital marketing strategists and content creators who deliver invaluable insights drawn from our experts in lending and recovery software solutions. For media queries, please contact us at mac@juristech.net. 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