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While the impact of COVID-19 cannot be denied, this is not the only crisis impacting the world economy. It’s been a little over a decade, for example, since the last global financial crisis, and many countries have faced conflicts and natural disasters in the interim.

 

The world has been thrown into crisis by a pandemic of unprecedented scale. And it’s not only people’s health that’s suffering – businesses and individuals are seeing major financial difficulties.

 

Covid has made it ultra difficult for debt collections teams to do their jobs. More people than ever will be struggling to make payments, and thinning call centre and other staff will make it harder to prevent people from going into arrears or to manage their accounts in the best way for businesses and debtors alike.

 

Every year, the debt collections and recoveries sector holds its collective breath as the Celent ABCD Vendor View on Retail Loan Collections Solutions begins landing on desks and desktops across the world.

Despite an economic blockade placed upon the state by several governments, the Qatar banking sector has remained resilient over the last few years amidst an evolving regulatory landscape.

EFS

As we settle into the third decade of the 21st century, it could be assumed that startup and challenger banks are starting the decade on the best possible foot. 

haria-compliant banking is a politically sensitive issue in many Muslim-majority countries and, on paper at least, it’s easy to see why.

One recent UK banking trend that’s proven just as divisive as the political landscape of the country – Open Banking.

Fintech upstarts have swept the financial world like a hurricane in the last decade, uprooting the antiquated operating processes and infrastructures of many legacy institutions in the process.

Financial inclusion has long been a challenge in many countries across the Middle East and North Africa. For example, according to Egypt Today, just 14% of adults in Egypt have a bank account.

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EXUS provides specialized software solutions for financial institutions, banking, telecoms, utilities.
For more information about our products and services please contact:  info@exus.co.uk