Removing Roadblocks to Cut the ‘Time to Yes’
Q2 Lending solutions position Shawbrook Bank for greater lending success.
“Previously we would be building a credit submission to go to the credit team for sanction, now we are doing 80% of it automatically.”
About Shawbrook Bank
- Headquarters
- Brentwood, UK
- Assets Under Management
- £8.9 billion
- Solutions
- Q2 Lending
Challenge
Shawbrook Bank needed to streamline its lending processes to compete with others in the market
Speed can be a deciding factor in winning lending business, and Shawbrook Bank's manual processes were hampering its wins.
Solution
A better borrowing experience
Shawbrook Bank and its borrowers are benefiting from Q2's automated, streamlined lending solutions. Q2 solutions removed roadblocks and increased loan processing speeds and approvals.
Results
Q2's lending solutions helped Shawbrook Bank:
- Leverage technology that does the "heavy lifting" while removing roadblocks
- Compete in high volume, low value markets with streamlined systems
- Reduce the time to approval from a week to mere minutes
