CAPCO INSTITUTE HIGH FIVE

News and events that are forming the future of finance

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Given that more than 70% of U.S. GDP is related to consumption, access to credit is required for continued growth. As a result of the events over the past five years, peer-to-peer and online direct lending have rapidly emerged as a solid alternative to mainstream banking and lending. It is poised for very strong growth and is likely to change the landscape fundamentally in a relatively short time.

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When we talk about industrialization, we refer to a combination of profound changes that coincide to trigger rapid modernization of an activity. In banking, we have witnessed three profound changes: a protracted period of subdued economic growth, a tougher regulatory environment, and rising customer expectations about being digitally connected. In the wake of these changes, banks are facing challenges of transforming their operations to eliminate inefficiencies, to compete with a growing cast of alternative financial services providers, and to serve the increasingly “connected consumer.”

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