Spotlight MEA: How Covid has Driven Digital Adoption in Banking Products

spotlight mea covid driven digital
Middle East
  • Date: 01-Jul-2021
  • Source: The Fintech…
  • Sector: Healthcare
  • Country: Middle East
  • Who else needs to know?

Spotlight MEA: How Covid has Driven Digital Adoption in Banking Products

It has been said that 2020 was a year of survival and 2021 will arguably be the inflection point that presents pathways out of the pandemic. Distinct patterns & relationships have emerged and will continue to shift – across organisations, businesses, regulators, consumers, and society. Green shoots have already presented themselves and the future players have not only capitalised on this but have already organised themselves to capture post-pandemic opportunities, and some are already seeing a clear step-change in growth. Following the pandemic, distinct trends dominated and will very likely continue to embed themselves into consumer transactional preferences and key client needs. Efficient liquidity management is (still) a core priority Maintaining strong liquidity positions, whilst seeking optimisation remains foremost in Treasurer's minds. In addition, the quest to shorten accounts receivable whilst extending accounts payable through dynamic liquidity tools that provide the ability to produce forecasting, predictability, and previously unmodelled stress tests have been important but not at the expense of unsettling already unstable supply chain predictability. Banks have seen an increase in client willingness to test new technologies that provide control and enable deeper understanding of business risks. Human-in-the-loop approaches with machine learning to build solutions that, for example,

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