Source: RegTech Analyst via Fenergo
Fenergo has recently argued that the economic downturn in the US market underlines a strong business case for CLM technology.
The US economic landscape has navigated through turbulent times in recent years. Challenges such as the COVID-19 pandemic, the conflict in Ukraine, and trade tensions with China have taken a toll.
Yet, the resilience of the US economy shines through as the US dollar continues to hold its ground, with no recessions since the initial shock of the pandemic in 2020.
However, concerns loom on the horizon. The persisting inflationary environment is an alarming sign. Financial institutions (FIs) grapple with these macroeconomic scenarios, and Wall Street’s eyes are fixated on the Federal Reserve’s next move. The recent series of rate hikes are a testament to these challenges, raising questions about the implications of further contractionary policies…
Read full article: https://member.regtechanalyst.com/us-economic-downturn-the-significance-of-clm-technology-in-2023/
