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Fintech in spotlight
The outbreak of COVID-19 has put many businesses on pause with a challenging and uncertain economic outlook. SMEs in particular have been hit hard from the pandemic’s consequences, making them more dependent than ever on external financing. Governments and financial institutions have worked in tandem to respond with a set of revised financial services that...
Since Open Banking and PSD2 came into place, banking APIs have gradually started to have an impact on financial services. By becoming more widely used in recent years, they have enabled financial institutions to leverage best-in-class third-party providers and offer better products. While this development has improved customer experiences, it also brings value to institutions...
The number of women-owned businesses in Europe and Asia-Pacific have been steadily increasing since the 2008 financial crisis. Despite these encouraging statistics, studies have found that women are not only less likely to be approved for loans than men (61% approval rate for men-owned firms, versus 41% for women-owned firms) but on average receive smaller loan amounts and will often be...