Critical Issues in Business Management: Fintech in Commonwealth UK
VerifiedAdded on 2022/12/29
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Report
AI Summary
This report provides a comprehensive analysis of the Fintech sector in the UK, examining the challenges and opportunities it faces within the Commonwealth. The introduction highlights the importance of business operations and the issues that impact company functioning. The report delves into the challenges such as a cash-based economy, accessing capital, navigating regulations, talent acquisition, and infrastructure limitations. It also identifies opportunities including a supportive policy environment and the potential for innovation through collaboration. The recommendations suggest initiatives for financial institutions, such as utilizing drone technology for insurance claims, collaborating with other banks for efficiency, and exploring automation through AI and machine learning. The conclusion emphasizes the need for proactive strategies to overcome challenges and capitalize on opportunities. The report aims to provide insights and solutions for students to understand the financial services and Fintech sector.
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