Lindon, Utah - HotDocs, powered by AbacusNext, is participating at LendIt Fintech USA in San Francisco, April 9th – 10th. HotDocs will be exhibiting in booth 1139 at the Moscone Center and demonstrating its award-winning document automation technology.
LendIt Fintech USA is one of the largest fintech events in the US and attracts attendees from throughout the world. This year’s focus is on financial services innovation within lending, digital banking, and blockchain.
HotDocs is looking forward to demonstrating its fintech solutions along with best practices gained from more than 100 of its banking clients that utilize document automation within their lending, legal, HR, and various other operational units. These banks have implemented document automation technology to effectively mitigate risk, ensure compliance, and increase operational efficiencies.
In a recent Forbes article, Zach Perret, the Co-founder and CEO of Plaid identified automation as one of the top trends in banking. He stated, “In 2018 and over the next few years, we’re going to see a big trend moving towards automated financial decisions and actions.” Document automation is a key technology that enables banks to adapt to this trend while improving business operations and the customer experience.
Speaking of the conference, Graham Penman, Product Director at HotDocs, stated, “We frequently hear from banks about their need to invest in cutting-edge technologies like AI, blockchain, and robo-advisors. No doubt, these technologies do need to be addressed, however, we find that frequently organizations are too focused on the latest tech trends and don’t think about quick wins across fundamental aspects of their business. Document automation is technology that can integrate with cutting-edge solutions such as AI, while allowing banks to address those essential aspects such as the generation of lending packages and credit documentation. Often, lending processes are overly complicated, time-consuming, and out-dated. Document automation helps address these needs resulting in a ripple effect throughout the organization and its customer base.”