Too Long; Didn't Read
In 2019, 43% of US banks still use a program language that predates the internet. Modern tech has built into numerous markets, but it still takes 3 months to complete a deal. Digital negotiation and bidding also reduces the time it takes to reach a deal that everyone can benefit from. Fintech lenders process applications 20% faster without an increase in defaults. The shift to e-commerce impacts both, with the shift to mini-warehouses for curbside and delivery services.