The Net-Zero Banking Alliance is undergoing a fundamental restructuring that could reshape how global banks approach climate commitments. Here's what's happening and why it matters for Canadian financial institutions.
By Chris Grimes, CEO of FundMore
By Chris Grimes, CEO of FundMore
For lenders, mortgages are the bread and butter; for our clients, they're a transformative financial decision, one that goes far beyond just securing a home. At FundMore, we believe in empowering our partners with a deeper understanding of mortgages' impact on their clients' overall financial landscape. Today, we're diving into how a mortgage, particularly a fixed-rate one, can fundamentally reshape an investment portfolio.
The mortgage industry is undergoing a profound transformation driven by digital innovation. A recent study by STRATMOR Group, the 2024 Technology Insight® Study, reveals a seismic shift: 48% of lenders are now leveraging Robotic Process Automation (RPA), and 38% are utilizing Artificial Intelligence (AI). This surge in technology adoption isn't just a passing trend; it's a fundamental change aimed at streamlining operations, enhancing borrower satisfaction, and ensuring competitive advantage.