The advent of the COVID-19 pandemic has significantly disrupted the car manufacturing sector. Outbreak-induced lockdowns led to temporal stoppages in manufacturing units leading to supply chain hiccups. Many primary routes to market were notably affected as dealerships shut down for extended periods. Demand for vehicles drastically reduced as consumers income...
Discover more insightsThe global onslaught of COVID-19 has significantly disrupted the automotive industry, impacting both supply and demand. The industry, closely linked with global economies and international supply chains, encountered unprecedented challenges. Major companies like BMW, Ford, and Volkswagen had to halt manufacturing for weeks owing to stringent lockdowns and limitations on...
Discover more insightsStructural transformation is underway in the Australian banking sector due to technology advances, regulatory changes, and shifting consumer expectations. Traditional financial service providers are striving to digitise operations in efforts to offer seamless online and mobile banking experiences. Digital banks, deploying advanced technologies like AI and blockchain, are emerging as...
Discover more insightsThe Letter of Credit Confirmation market, an integral part of global trade finance, is currently traversing through interesting trajectories. Despite reduced global trade due to unforeseen circumstances like the COVID-19 pandemic, the demand for letters of credit as a risk mitigation tool in international trade transactions remains high. The market...
Discover more insightsTraditionally, risk management in the installment credit services segment has been a challenging task as these services inherently contain credit risk. This includes the possibility of defaults or late payments, potentially leading to losses for the service providers. Economic downturns or shifts in consumer behavior can exacerbate these risks, creating...
Discover more insightsThe consumer credit industry across the world is consistently reshaping, led by evolving technology and changing consumer behavior. Digitisation has played a significant role in the industry's transformation, enhancing credit availability and user experience through online platforms and mobile applications. Furthermore, alternative data and advanced analytics are allowing for hyper-personalized...
Discover more insightsThe COVID-19 pandemic resulted in sudden, unprecedented economic disruptions globally. The financial services industry, including credit intermediation services, was not spared. The shift to a remote work environment, required by social and health policies, affected credit intermediation - the process of transferring funds from savers to borrowers. Financial intermediaries faced...
Discover more insightsThe outbreak of the COVID-19 pandemic has indisputably had significant effects on global economies, with the credit intermediation sector being no exception. Lockdowns and other restrictive measures led to business disruptions and increased credit risk, creating mounting pressures on credit intermediaries such as banks, credit unions, and microfinance institutions. Greater...
Discover more insightsThe sector of credit intermediation is undergoing considerable transformation. Within this evolving landscape, both depository and non-depository institutions are attuning their strategies and operations to new realities. Depository institutions, such as banks, traditionally play a key role in the mobilization and allocation of financial capital by accepting deposits and extending...
Discover more insightsIn the realm of credit information, digitization proves to be a driving force. Enhanced operational efficiency and improved services are outcomes of new technologies such as AI and machine learning. Furthermore, the burgeoning interest in alternative credit data reflects a shift in determining creditworthiness, making underbanked or credit-invisible consumers more...
Discover more insightsCountering global climate change requires innovative market-based solutions. One of such tools is Carbon Credit, a permit representing the right to emit a specified amount of greenhouse gases. As regulatory frameworks and corporate sustainability goals evolve, these credits have attracted substantial interest as an economic instrument that could incentivize businesses...
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