fintech digest
Financial Inclusion, Embedded Lending Impact And More
Research Team
12 July 2024
New report highlights impact of embedded lending options on small business banking preferences
Embedded lending can help microbusinesses and small businesses grow and maintain smooth operations despite unstable cash flows.
However, PYMNTS Intelligence’s latest study finds that relatively few microbusinesses and small businesses currently take advantage of this lending solution. In fact, fewer than one in five respondents used it in the last year. The data highlights unmet needs for access to lending, especially among microbusinesses.
Bridging the divide with fintech
Financial inclusion remains one of the most pressing challenges in Asia, particularly for underserved populations in both rural and urban areas. Despite the rapid economic growth in many Asian countries, a significant portion of the population still lacks access to essential financial services. Fintech is critical to bridging this divide, offering sustainable lending solutions that can transform the economic landscape.
How has fintech disrupted the lending process?
Financial technology has significantly transformed the lending landscape. It gave way to alternative processes that are unique to the offerings of a traditional financial institution and improved client experience. Let’s take a closer look at how fintech’s revolutionary changes are shaping the consumer lending process.
Goldman Sachs to launch three tokenization projects by end of year
As its peers in traditional finance push deeper into crypto—including BlackRock’s Bitcoin ETF and Fidelity’s trading platform—Goldman Sachs is preparing to make a move of its own. This comes as the 150-year-old banking behemoth is seeing a major uptick in interest from clients, digital assets global head Mathew McDermott told Fortune.
Standard chartered-backed Zodia Custody partners with crypto lending firm Maple Finance
Zodia Custody, the cryptocurrency safekeeping service backed by Standard Chartered, SBI Holdings, Northern Trust, and National Australia Bank, has partnered with crypto lending specialist Maple Finance, the companies said on Tuesday.
Under the agreement, collateral pledged to Maple Finance will be securely held by Zodia Custody, allowing its customers to unlock value from their digital assets while remaining within the Zodia Custody ecosystem, according to a press release.