Too Long; Didn't Read
Technology has significantly changed the lending industry over the last decade, and the process doesn't seem to stop soon. We don't know what banking will look like in ten years, but at least we know which trends are here to stay this year and beyond. The digitalization of lending processes started anew in 2020 with the outbreak of COVID-19, and it's here to last, gradually turning most of the lending processes into digital ones. Lenders are already offering smaller loans, including buy-now-pay-later offers that often come with small interest rates.