Matt Ward’s Post

Lending And Payments Market Size, Share, Growth, Trends And Forecast 2024-2034 Global lending and payments market size is expected to reach $16,828.1 Bn by 2028 at a rate of 7.9% segmented as lending, cards and payments Read more @ https://lnkd.in/gwCVHUZh #marketresearch #marketintelligence #marketreport #industryanalysis #TheBusinessResearchCompany #TBRC #lending #lendingandpayments #finace #businessandfinance

📢 **Exciting News from RBI: Draft Circular on Digital Lending Transparency!** 💡 This draft circular has focus on customer centricity and ensuring complete transparency to the borrower in the credit intermediation process. RBI had observed that many of the Lending Service Providers (LSPs) offer aggregation services for loan products, wherein an LSP, or a Regulated Entity (RE) acting as an LSP and it has outsourcing arrangements with several lenders and the Digital Lending App/ Platform (DLA) of the LSP/RE matches the borrower to one of the lenders. In such cases, particularly where an LSP has arrangements with multiple lenders, identity of the potential lender to the borrower may not be known upfront to the borrower. 🔍 Key Highlights: - Lending Service Providers (LSPs) must provide a digital view of all loan offers from willing lenders. - Consistent mechanisms to ascertain lender willingness must be disclosed. - Digital view includes lender names, loan details, APR, and key terms for fair comparison. - Content must be unbiased, avoiding promotion of specific products or deceptive practices. ℹ️ This move emphasizes transparency and fairness in digital lending, benefiting borrowers with clarity and choice. Let's embrace these changes for a more inclusive and informed lending landscape! #RBI #DigitalLending #Transparency #FinancialInclusion #Empowerment 💼📈🌐

📢 “In the retail banking and capital markets space, we're seeing a lot of clients wanting to make investment decisions to move here. That helps Manchester because it breeds an environment for them becoming customers of some of the newer fintechs.” – Carlton Hopper, Managing Director, #GFTUK 📰 Read more of Carlton’s thoughts in this recent Sifted article sponsored by MIDAS Manchester's Inward Investment Agency. Read in full here ➡️ https://okt.to/JI2Ybo #teamGFT #banking #capitlamarkets #growth #Fintech

Navigating the commercial lending landscape in 2H 2024? Here are 5 key trends to keep in mind. 👇 1. Economic Uncertainty and Rising Interest Rates: High-interest rates and global events are causing economic uncertainty. Lenders are mitigating risk by implementing stricter credit criteria. 2. Cost Optimization Driving Technology Adoption: To counteract rising operating costs, lenders are adopting new technologies that streamline the lending process. 3. Using Data to Make Better Decisions: Institutions are leveraging both traditional and alternative data to make informed lending decisions. 4. Compliance Taking High Priority: With changing regulations, lenders are seeking ways to make compliance easy and avoid penalties. 5. Increased Competition in Commercial Lending: The rise of fintech and changes in corporate financing are making the commercial lending space more competitive. Remember: The commercial lending outlook for 2H 2024 is cautiously optimistic. Businesses and lenders should closely monitor economic developments, focus on making data-driven decisions, and pay attention to the customer experience to navigate the uncertain landscape. It doesn't have to be complicated to be effective. In fact, the best ones aren't. CRS‎ #CommercialLending #Trends2024 #EconomicUncertainty #TechnologyAdoption #DataDrivenDecisions #Compliance #Competition

How can banks take control of their future? Ten years from now, a successful bank might be a platform of networks—in other words, a holding company for a collection of starkly different businesses. Despite higher profit margins due to elevated interest rates, banks are facing a critical need to reinvent their business models. This is underscored by the low market valuation of banks. Banks are increasingly losing their share in the global financial intermediary landscape to nonbank entities. These nonbanks are selectively engaging in high-profitability ventures. The complexity of banking operations, which combines distribution, transactions, and balance sheet management, is a contributing factor to their low market value. To address these challenges, banks could consider restructuring their business models. #CFO #Banking #Insurance #Finance #BankoftheFuture #Network #Platform https://lnkd.in/eEvKvFV5

#Russia-based #MTSBank has announced that it will hold an Initial Public Offering (#IPO), aiming to accelerate its #development and growth process. 💭Discover more reading The Paypers: https://lnkd.in/gt73KFzh #fintechnews #payments #paymentnews #thepaypers #banking #onlinebanking #mobilebanking #digitalbanking #financialservices #financialinstitutions

Our Chair, Charlotte Crosswell OBE, recently featured in PaymentsJournal, sharing valuable insights on the government’s newly announced National Payments Vision (NPV) which highlighted the key role open banking initiatives will play in shaping the future of the UK payments landscape. It was encouraging to see the work we do at CFIT, alongside our coalition partners, recognised at this level – a testament to the importance of our ongoing work. 🔗Read the full article here: https://lnkd.in/e8djs4dc #FinTech #Innovation #FinancialServices #Payments

🚗 Supply chain issues and rising interest rates are placing pressure on auto loans. Our latest #StateoftheIndustry research report provides a thorough examination of these challenges through the lens of #Transactional #BehavioralTrends and offers strategic recommendations for #Banks and #CreditUnions. Download the report to gain these essential insights. - https://bit.ly/4biS30n Within the report you’ll find trends and recommendations around the following: 🏡 Housing and HELOCs 🚗 Auto Loans 💰 Deposits 💳 Credit Cards and BNPL 📈 Becoming a Data-Informed Digital Banker

In the current era of innovation and collaboration, financial institutions can unlock the transformative power of hyper-personalisation in their lending operations. In this blog, Satish Wadhwa, Growth Partner, Pennant Technologies provides an understanding on how Australian banks and financial institutions through hyper-personalisation can identify and target profitable customer segments, deliver superior customer experiences and in the process achieve improved profitability. https://lnkd.in/gXpD9yD6 #fintech #nbfcs #creditunions #banking #banks #finserv #financialservices #payments #lending #lendingsolutions #payments

A worrying but not unexpected trend is highlighted in this article. The number of UK consumers taking out credit cards or applying for loans is on the rise, as they navigate the current challenging economic environment. On the flip side, we can see that there is a huge opportunity here for banks to expand their digital capabilities and provide a helping hand during this tough time. At Strive Insight, our research highlights opportunities for businesses to provide tailored solutions, addressing digital tool and knowledge gaps. Together we can offer targeted solutions and measure the impact. DM us for more information or email [email protected] #StriveTogether #BusinessSolutions #CustomerInsight #MarketResearch #MRX