Modellica News

| Quarterly 2 | 2022 |

Mid-year 2022: inflation and uncertainty in the "New Normal"

The Russian invasion of Ukraine is generating a deep geopolitical change, which has transformed the international agenda and will condition the global economic reality for a long period of time. While global growth for 2022 was forecast to rise to 4.4 per cent, it could fall to 3.8 per cent according to the latest projections of the International Monetary Fund (IMF). This is due to the slowdown of markets in the EU, China, and the US, the impact on international commodity prices, as well as rising inflation.

As far as the banking and financial sector is concerned, reasonable profitability levels are expected to recover in the first part of 2022. New trends point to an increase in the use and demand for products and services through digital channels, expecting speed and security that are increasingly present in our daily life. The increased use of Big Data, AI and Blockchain mark the beginning of a new era, where data represent a before and after in the customer experience, contributing not only to financial flexibility, but also to its democratisation. Around these key concepts, it is crucial to effectively manage fraud, which is growing in parallel to digital channels, but becomes easier to fight thanks to data and decisional technology, capable of automatically predicting fraudulent behaviour and acting accordingly.

After the first quarter of 2022, we see that we are in an era where humans increasingly need machines and where the effective use of machines makes or breaks a business.

GDS Modellica

Latest Press Releases & Industry Trends

New Technologies Must Guarantee Data Privacy and Ethical Practices
The digital revolution has completely changed our habits and the way we interact with one another. Technology has transformed the world at an incredible speed, and this shows no signs of slowing down. However, it is important to remember that users and potential customers are still people, not machines. Access to financial services has greatly improved as certain physical obstacles have been removed, and banks are now offering increasingly more-personalised services that promise to generate greater profits.
April 15, 2022
New Technologies Must Guarantee Data Privacy and Ethical Practices
Bedtime Reading to Better Understand the Soaring Fintech Sector
Bedtime Reading to Better Understand the Soaring Fintech Sector
“The past decade has seen considerable disruption in the traditional banking industry, especially in the areas of payments, lending, wealth management, and retail banking. Interestingly, this change has not been limited to financial technology (FinTech) start-ups. Large technology and eCommerce companies such as Google, Amazon, Facebook, Apple, and Alibaba have managed to leverage their massive reach and technological capabilities to pose a stiff challenge to competitors.”
January 03, 2022
Boodle & GDS Modellica
Boodle, a leading provider of short-term credit in South Africa has just launched its new product offering 𝘽𝙪𝙮-𝙉𝙤𝙬-𝙋𝙖𝙮-𝙇𝙖𝙩𝙚𝙧. A critical component at the heart of Boodle’s customer on-boarding solution is our 𝗠𝗼𝗱𝗲𝗹𝗹𝗶𝗰𝗮 software. Modellica is automating all aspects of the credit decisioning process (including credit risk, affordability and fraud) and also the orchestration of data flows (including multiple credit bureaux connectivity and existing customer performance interrogation).
February 15, 2022
Divergent Growth: Post-COVID Banking
Divergent Growth: Post-COVID Banking
An unprecedented global event that had such a profound effect on all aspects of life that one of the most key strategic sectors took a battering but has managed to stay on its feet – could this be the best way to describe the impact of COVID-19 on the banking industry? The latest annual report published by McKinsey certainly appears to reach that conclusion. The sector has not only survived better than expected but forecasts for the next few years are also reasonably optimistic. However, we should remember that we are living in a time of exceptional instability.
January 03, 2022

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The famous payment platform PayPal announces that its users are now allowed to make transfers with cryptocurrencies.

Source: PayPal

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