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Record numbers of loan applications seen by lenders over the past two years have now come to a halt, as lenders brace for tougher economic conditions with rising interest rates and record inflation exacerbated by the ongoing war in Ukraine. Lenders are beefing up credit loss reserves, writing down investments, and reporting slowing home loan growth activity. What should lenders do to better position themselves this year?
Watch on-demand to understand:
- The state of the lending market in Australia & New Zealand
- How changing consumer borrowing behaviours are forcing lenders to transform
- What lies ahead for lenders in 2023 and how to prepare
- Ways digital technologies can streamline the borrowing experience and help manage risk