As a result, new environments have been established to meet more demanding clients, with neo-banking being the new paradigm threatening brick-and-mortar banking.įinancial service digital technology innovators are driving growth, and the market is changing rapidly. DFS is expanding access to and use of financial services, emphasizing affordability and improving access to credit through a new digital lending system.
Technology is transforming the digital economy, and digital financial services (DFS) are vital facilitators.