<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1490657597953240&amp;ev=PageView&amp;noscript=1">

Research Report 

Achieving High-Performance Lending: The Impact of AI on Lending Efficiency

For many credit unions and community banks, a lack of innovation in their lending operations results in inefficient processes. This report outlines the challenges financial institutions face; reveals how AI can impact loan processing efficiency; and presents opportunities for banks and credit unions to achieve maximum operational lending performance.

Screenshot 2024-09-07 at 5.59.43 PM

What You'll Learn in this Report

  • The second highest reported concern, after “Cost of funds”, included “Efficiency”
  • 52% of respondents indicated it takes six weeks or longer to deploy a new credit model
  • 80% of respondents believe AI technologies can and will improve the lending processes

Report Stats At a Glance

63%

 

of community-based financial institutions rely on syndicated scores from FICO or VantageScore as their primary source for credit models.

>50%

 

of respondents indicated it takes six weeks or longer to deploy a new credit model.

80%

 

of respondents believe that AI technologies can and will improve credit and lending processes.

Ready to See Real Results With Your Financial Institution?

Solutions from Cornerstone Advisors

Cornerstone Advisors - Artificial Intelligence - Image 2 (1)

Artificial Intelligence

Turn AI into measurable business outcomes. Cornerstone's Artificial Intelligence Accelerator helps banks and credit unions move from experimentation to execution by aligning strategy, governance, data, and technology. Prioritize high-impact use cases, optimize existing AI investments, and deploy scalable solutions that deliver lasting operational and financial results.

Learn More
Cornerstone Advisors Performance - Image 2-min

Performance

Cornerstone’s Performance solutions provide a wide range of consulting expertise to help clients identify opportunities to increase efficiency and productivity across their entire organization, whether it’s enhancing the digital experience or optimizing payments. We leverage these services with our proprietary tools, including Performance Vault and Analytics Vault. Armed with unparalleled insider data analytics and benchmarking intel, your bank or credit union will gain the confidence to make sound, data-driven decisions.

Learn More
Favicon Cornerstone Adivsors

About Cornerstone Advisors

For over 20 years, Cornerstone Advisors has delivered gritty insights, bold strategies and data-driven solutions to build smarter banks, credit unions and fintechs. From technology system selection and implementation to contract negotiations, vendor management, performance improvement programs, strategic planning, merger integration and enterprise program management, Cornerstone combines its expertise with proprietary data and research to help financial institutions thrive in today’s challenging environment. For more information, visit www.crnrstone.com, connect with us on LinkedIn and Youtube, and subscribe to GonzoBanker® for our opinionated take on all things banking.