Besides all the harm, COVID-19 has accelerated the adoption of technologies, given a significant boost to digitalization, spurred financial innovation, and encouraged people to try out online banking for the first time.
The pandemic undoubtedly created new opportunities and propelled banks to come up with creative ways to support the economy and keep businesses open. Across the globe, banks and new financial technology firms (Fintechs) have been exploring ways to keep up in this fast-changing environment by focusing on a more efficient and innovative business model. It’s no surprise that in …
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