‘Financial sector should embrace new business models’

THE financial sector has been urged to move away from lending models based on historical performance and traditional collateral, as the industry’s long-term survival depends on its abili­ty to finance emerging and competitive industries. Banks have traditionally relied heavily on past performance and rigid collateral requirements, including sub­stantial commercial property, which have often limited access…

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The post ‘Financial sector should embrace new business models’ appeared first on The Financial Gazette.