LENDING & CREDIT
Which side of the ledger banks will find themselves in will depend on how they transition away from their branch-based operations, S&P Global Ratings said in a report.
“By the time today’s traditional mortgages are repaid, the process that created them will almost certainly no longer exist,” S&P said in the report “Future Of Banking: Digital Mortgages Are Game Changers.”
“In their place will be digital services and digital mortgages, which S&P expects will reshape house lending and retail banking to the benefit of borrowers,” it added.
Two key factors
How banks tap into this would depend on two things: how they transition away from branch-based operations, and the quality of the digital platforms and products they offer.
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