The Rising Tide of Lending – A Market Recovery Mechanism

Due to the impact of COVID-19, the financing sector has seen significant growth, and as a result strengthened its position as one of the key pillars of the FinTech industry. The digitalization of the lending process – from client acquisition, to underwriting, and all the way to collection – is key in engaging clients these days. Furthermore, markets understand the power of using financing tools in recovering local businesses and trade, providing financing to entities who suffered from the crisis can have a wide impact which in time fuel GDP skywards.