Democratisation of Credit and Banking

Technological advancements are increasingly reshaping key elements of the financial services industry. The ongoing digitisation of financial services is playing a critical role in building a more inclusive and efficient ecosystem. The adoption of technological advancements across various segments of the financial services value chain is enabling firms to more efficiently and effectively serve customer segments that are typically underserved – technology is driving the democratisation of finance.

A key vertical that is undergoing significant reshaping is credit and banking, and this white paper tackles how the credit and banking industry is getting democratised. In this white paper, we will explore (1) key trends; (2) impact of key trends on changes in the credit and banking space; and (3) business model implications going forward.