The Future of Deposits and Lending

There have been significant disruptions in the three main areas of banking, payments, investments and credit, ensuring that customers never have to visit a branch. This chapter explores the future of deposits and lending in the near future. The future is headed towards value stores on smart devices and choices are aplenty on that front. Artificial intelligence and algorithms that keep getting better through learning loops will allow for better decisions and safer transactions. Abundance of data, advances in machine learning and innovative operating models are changing the way people access credit. The new age digital borrower expects money to be available on demand, as he/she goes through the experience of buying a product or a service. Technology‐led innovations have shortened the lending time. Lending companies are creating innovative products and plugging into online journeys to take advantage of the context in which financing is needed.