Question

Functional roles of the human resource department in healthcare

Answer 1

However, access to a number of markets is impeded by the unbanked group, who have a deep mistrust of financial institutions and choose to conduct all-cash transactions. To alleviate this challenge, fintech companies have come up with innovations that promote transparency in their dealings with customers. Examples of these innovations include telematics insurance technologies that provide policy owners with premium rates based on number of miles used; digital currency transactions that use blockchain ledgers to reveal the nature of dealings and identities of players in the online sphere; robo-advisers that openly disclose and offer low fees for customers who have limited access to traditional financial advisers due to high costs; and peer-to-peer (P2P) lending sites that promote financial transactions where individuals lend and borrow from each other. P2P lending is particularly beneficial to emerging-market participants who have no way of getting loans from financial institutions due to a lack of financial history and credit record for each individual.