Prosper Marketplace, the first peer-to-peer lending platform in the United States, has announced the results of its “Economic Perceptions & Personal Finance” study, which indicate a significant decline in financial confidence among consumers. The survey found 46% of consumers feel their income has not kept up with inflation, and only 31% believe their personal finances are better than they were before the COVID-19 pandemic. “No one can serve consumers effectively without knowing what their concerns and...
Operating losses relating to medical insurance products covering COVID-19 infections have put considerable strain on the operating performance and balance sheets of several Thailand insurers, according to a new AM Best commentary. In its Best’s Commentary, titled, “COVID-19 Claims Put Thailand Insurers Under Pressure,” AM Best notes that according to the Thailand General Insurance Association (TGIA), most of the COVID-19 claims in the country have come from a short-term policy that pays a sizable lump sum when a...
Digital technology highlighted as key to meeting new decarbonization targets as Atos launches new Digital Vision: Digital Banking paper
Capital on Tap provides a full analysis on how COVID-19 has impacted the way we pay for goods and services, answering questions and providing expert commentary on what the future of finance will look like.