Time and tide wait for no lender

Abstract

Rob WalkerDirector, Coeus Consulting Agile product processes are not an optional extra for lenders If lenders who are planning to re-platform thought they had time on their side, the recent charge of inflation and its consequent impact on the lending process and the systems supporting it has shown this is not the case. As legacy systems, already in too many instances under-supported and overpriced, fail to deliver, many lenders are looking for the next generation of technology that will cost-effectively support their operating models of the future. The recent announcement of the withdrawal of the PRA's stress test on affordability may be welcome but it is just one change among many in an evolving landscape that will require lenders to be swift of thought and deed when it comes to systems, processes, and delivery.