Four lending areas are hot right now globally – real estate, microlending, small and medium enterprise (SME) lending and point-of-sale finance. We’ll dig into the role that technology, specifically financial technology, has played in these areas, as well as what the future of lending looks like.
Lending areas that are hot right now
The purchasing power of individuals has been severely impacted due to COVID-19 and many are unable to pay back on their lending products. This is one reason why it is uncertain how the next 12-24 months in this space will look like.
The future of lending is a moving target, and composability has kickstarted a wave of lending innovation.
Watch this space:
What’s the next big thing? Learn more about areas to watch in non-traditional lending.