The Federal Reserve Bank of Atlanta compared the high operating costs of storefront payday lenders with the automation of the Chinese fintech Alibaba’s savings tools. 10 Andreas Fuster, Matthew Plosser, Philipp Schnabl, and James Vickery, “The Role of Technology in Mortgage Lending,” Working Paper 24500 (Federal Reserve Bank of New York, April 2018), https://www.newyorkfed.org/research/staff_reports/sr836.html. -5facilitated the opening of 240 million accounts.
The launch of the ECCU Public Debt and Market Information Web Portal is an important deliverable in the ECCB’s Strategic Plan for this year. If you are not familiar with this Plan, I urge to visit the ECCB website, familiarise yourself with it and become an implementation partner.