Tagged: fitch ratings

Fitch Launches Marketplace Loan Monitor, Cautions that Delinquencies May Rise

Fitch Ratings has announced a new service – the US Marketplace Loan Monitor.  Fitch reports that marketplace loan performance has been “relatively stable” but posits this could change in the coming months as “borrowers focus on priority loan payments.” As has been previously reported, marketplace… Read More

Digital Banking Competition in Southeast Asia Should Intensify as there’s been a Boom in Fintech Investments: Report

Southeast (SE) Asia is home to an unbanked population of around 290 million, according to a recent report from Fitch Ratings. Fintech solutions can enable more widespread financial inclusion, and could potentially increase the GDP of emerging markets by $3.7 trillion, according to an updated… Read More

Aspiring Online Lenders backed by Established Corporates are More Likely to Secure Virtual Bank Licenses than Standalone Challengers: Report

Digital banking or the use of online services and platforms may have been accelerated due to the COVID-19 outbreak, which had led to many countries enforcing nationwide lockdowns. While many countries are now beginning to “re-open” their businesses, the Coronavirus crisis has led to major… Read More

Digitally Advanced Southeast Asian Banks Expected to Accelerate Digital Transformation Strategies Due to COVID-19: Report

Southeast Asian banks will most likely accelerate their digital transformation initiatives, due to the COVID-19 outbreak and changing consumer behavior resulting from safe distancing measures and lockdowns. Incumbents could be challenged more than ever before, as they might struggle to offer the same level of… Read More

Fitch Ratings Reports: Global Shadow Banking Growth to Begin to Slow in 2016

On Wednesday, Fitch Ratings reported that the growth and success of shadow banks will begin to slow down in 2016 as regulators step up scrutiny of the sector and banks weigh competitive responses. The website revealed that shadow banks are increasingly likely to become victims… Read More

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