Category: Thought Leadership and Industry Insights
Navigating uncertainty with confidence: How AI enables scalable lending operations
Rethinking readiness The financial industry is caught in a perpetual balancing act. One month, macroeconomic signals point toward growth and rising demand for credit. The next, a regulatory shift or unexpected economic headwind prompts lenders to tighten their belts. In this type of environment, the real question isn’t if change will occur, but how quickly you can pivot when it does. For many lenders, this boils down to operational readiness. The days of static, long-term capacity planning are over. Now, institutions are seeking infrastructure that scales in sync with real-world conditions—an approach that lets them capture opportunities in good times…
How lenders can keep up with rapid advances in financial AI
The role of AI in financial services is expanding quickly. For lenders, that means new ways to process applications, assess risk and detect signs of fraud. These solutions help forward-thinking mortgage, consumer and small business lenders increase operational efficiency, reduce costs and improve decision-making. The pace of AI development is accelerating, with major players like OpenAI, Gemini and Anthropic continually pushing the boundaries of what’s possible. New AI models emerge regularly, each promising improved accuracy, faster processing and better insights. While these advances create opportunities to modernize lending workflows, staying current can feel overwhelming. The value of partnering with an…
Executive insights: How advanced AI is fueling lending transformation
AI is advancing every day, with newer, better models always around the corner. Navigating this quickly changing world of technology on their own can be challenging, complex and costly for financial service providers. But there is a better way. Lenders are already seeing the benefits of AI in lending and by partnering with innovative technology providers that offer vertical-specific financial AI solutions, they can take advantage of the latest advancements without constantly reworking their own technology stack or processes. Technology partners handle updates and integrations, continuously tuning models with high-quality training data to enhance accuracy, improve decision-making and provide deeper…
Executive insights: Financial AI is no longer just an option
It’s clear now more than ever that AI is here to stay in the world of financial services. Just two years ago, AI might have been seen as a promising but still emerging technology that could supplement or enhance existing workflows in financial services. Today, it’s a necessity for organizations looking to stay ahead of an increasingly competitive financial industry. But it’s not just the technology itself that is supercharging the industry – the combination of AI and human expertise working in tandem is giving forward-thinking lenders a leg up against the rest of the pack. Ocrolus CEO Sam Bobley,…
2024 wrapped: A year of growth and momentum for AI-driven document automation
2024 was a big year for AI-driven document automation. At Ocrolus, we are proud to work with more than 500 customers across small business, consumer and mortgage lending and other financial services. From new partnerships with industry leaders like Taktile, Yodlee, LendSaaS and Aurora to the launch of our latest mortgage solution, Inspect, last year was full of exciting highlights. All of this added up to a record-breaking year for our team. Record growth across verticals We started off 2024 on a high note, and throughout the year we stayed focused on introducing new solutions and expanding use cases to…
Executive insights: The value of partnership and collaboration
As we close the book on 2024, now is the perfect time to reflect on the past year in fintech and the lessons learned that we will be taking with us into 2025. Some of the key trends over the past year included optimism for a busy 2025 across lending verticals, the increasing adoption of AI in financial services and growing momentum for open banking. However, an equally significant trend has been the strength of partnerships and collaborations within the industry. We spoke with Ocrolus SVP of Growth David Snitkof, CEO Sam Bobley and COO Vik Dua about why financial…