That's what we offer, but how can you benefit from it? Really?
In plain terms, we mean that Emric can help banks and creditors to become more profitable. Not by finding new ways to lend money or generate innovative new services, but because we make it much more convenient and faster for them to issue loans - naturally with credit risks under full control.
Lending is actually rather simple mathematics: the faster a credit application is processed, the more loans issued. And the more loans issued, the more interest rolling in.
More underlying meanings can be found, but one thing is certain: Emric can make your credit process significantly more efficient.
The Nordic bank and the financial market are profitable, right? And that's how it should be. But it also means that competition has stiffened considerably in recent years. More and more newly established players want to get in the game and compete for market share.
Today it isn't enough to say that you have money to lend. Lending has become a highly competitive product in terms of both price and quality. Just like everything else. Therefore low handling costs, for example, will be a cornerstone for the bank or creditor that wants to be on the top ten list when it comes to profitability.
With our help our customers have been able to reduce credit processing costs, which in turn means that they have been lowered their interest rates and therefore become even more attractive. Which in turn means even more customers, and overall, even higher interest income.
And profitability.
