We need to stop thinking of digitization as a revolution. It has already become rooted in our everyday lives, both professional and private. In fact, virtually all businesses already undergone, or are in the process of digital transformation, constantly searching better ways and solutions to make life easier for all of us.
When there’s a rupture in direct communication, remote channels will have to do. The digital transformation of wealth management had already been one of the key points on the industry agenda. The times of the pandemic have only accelerated this trend.
FinTech’s keep moving fast and breaking things. It’s a major shakedown for the incumbents who often lack what the newcomers are known for: ingenuity and openness to innovation. But what are the patterns here? What trends are emerging? Let’s take a closer look at the DACH region.
In recent years, the banking sector has become aware of the great importance of the field of business and small companies, and banks are competing to provide innovative solutions for Internet banking. As banks embed their solutions by creating their own environments via the Internet browser, and it is important to integrate this work environment with mobile applications to be effectively similar and complementary to what is available through browsers.
Systems for receivables management can put a huge load on company's servers. Additionally, you have to spend valuable hours of developers' work to implement such systems. However, it can be easier. It is worth leaving this segment of your business in the hands of specialists and move factoring to the cloud. Invoices are handled by themselves, but you still keep control over your company's finances - from anywhere in the world. See why you should enter the factoring industry and how the crisis can help you do it.
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