A new Aite Group report says 39% of community banks say they're "likely" or "extremely likely" to invest in new branch technologies, such as in-branch iPads for forms and signatures, over the next two years to help improve their loan delivery and decision processes.
The report, "Commercial Loan Processing Solutions and Analytics: U.S. Community Banks Weigh In," looks at community banks' commercial lending strategies.
According to the Boston-based think firm, community banks also responded as "likely" or "extremely likely" to invest in the following technologies over the next two years: loan origination systems for commercial and small business loans (27%), cloud computing (26%) and loan servicing and collections systems (14%).
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