Most companies were not prepared to deal with this situation. Small businesses in particular are now struggling to refinance as normal despite the government pressure on banks.
Why banks will never catch up with fintechs?
In 2012, $3 billion was invested in Fintechs. Three years later, this amount had reached $20 billion. In the first half of 2018 alone, it exceeded 27.5 billion. All sectors of the banking industry have since been disrupted: payments between individuals, international payments, corporate banking, loa...
