Amid this coronavirus pandemic, the internet is flooded with talks about “a new reality post-Covid-19” will transform Banking and Fintechs.
Amid this coronavirus pandemic, the internet is flooded with talks about “a new reality post-Covid-19” will transform Banking and Fintechs. It has now become necessary that we understand the way the wind is blowing, as it would be idiotic to ignore the obvious.
Since more than one-fourth of the world is locked down, the economic activities have slowed down and many industries are at a loss. Considering the global economic slowdown, banking institutions are also at risk, as the number of defaulters and Non-performing assets (NPA) will possibly increase. Even the UK’s banking institutions are expected to take a financial hit of 25 billion euros.
