What are some of the challenges banks are facing in 2020?

Long before COVID-19 soared into our lives and brought the world to its knees, Banks worldwide faced ongoing challenges that..

Long before COVID-19 soared into our lives and brought the world to its knees, Banks worldwide faced ongoing challenges that had already started to shape a demand the financial world could not meet.

At present that very demand has reached ahead with consumers demanding digital transformation , better services , lowered rates on their loans , less red tape and the demands go on.

Banks are currently facing challenges in the following areas
Customer retention
New disruptive banking models
Strict regulation standards
Large costs maintaining buildings and staff
Tech Competition
Lack of customer service
Whilst most leading banks are trying to evolve over night and keep up with the demand for a digital world , Fintech stepped in offering consumers a simple online solution. “FinTech not only transforms the financial services industry but also enables financial inclusion and the opportunity to help more than 2 billion people around the world who today have no access to financial services." - Henri Arslanian” With the world focused on chaos, AltroPay honed in on a digital payment solution that would answer and ease the demands and stress of the traditional bank consumer. Effectively launching at the right time, AltroPay offers our customers, a new way to pay. AltroPay is a prestigious online payments portal that refines any bank nuisances with a single solution for multiple payments. We offer our consumer or professional a digital solution for both business and personal banking online and hassle-free. Less bank, more pay is our motto, be the first to pay your employees on your prescheduled account, get alerts when it’s time to save, pay your rent on time, pay school fees on time and get a card for each account and use it the way you want. Moreover, our virtual bank offers you assistance 24.7 allowing you to pay anytime anywhere and to any country.
Open Account today
We would be happy to assits you with account oppening