Banking · Risk Management in Digital Lending
A crucial risk factor that banks must monitor in Digital Lending, especially with rapid approvals, is the potential for:
- 1The INFINET network failing.
- 2The ATM network being too slow.
- 3Over-indebtedness and loan stacking by borrowers due to easy access to multiple digital loans.✓
- 4Too much manual paperwork.
Correct answer
Over-indebtedness and loan stacking by borrowers due to easy access to multiple digital loans.
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