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The State of Consumer Finance
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About this ebook
New forms of consumer finance are challenging traditional financial institutions...
Can they even fight back?
Read about the state of consumer finance: how are is the current economic environment impacting this segment of financial services? What are the latest customer trends? Should traditional financial institutions forget about competing in that space?
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Fintech Review
Fintech Review is an independent online media on a mission to decrypt what is happening in fintech around the world.We are at the intersection of business, finance, technology and economics. From explaining basic concepts to analysing major trends, and interviewing business leaders and entrepreneurs in the industry.
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The State of Consumer Finance - Fintech Review
The State of Consumer Finance
New forms of consumer finance are challenging traditional financial institutions...
Can they fight back?
IntroductionStrange time that we live in. You probably think No sh*t Sherlock
.
The current economic and business environment is clearly challenging. Even if there has been a lot of government support and various schemes set up around the world over the past year to keep the world economy afloat. That is because of the C word
. In the UK, there was the shadow of the B word
for a long time. Britain's exit from the European Union, also known by its cute name Brexit. Until it finally happened in December 2020 after a seemingly endless transition period.
Going down the alphabet, what will be the next catastrophe starting with D? All bets are off!
We are now more than a year into a health crisis that quickly turned into an economic crisis. It has shaken the whole world. No-one managed to shield itself from it. Not all sectors of the economy have been impacted in the same way. That's because physical lockdown periods were bad for brick-and-mortar retail but great for e-commerce. Amazon
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