![]() To truly understand the market, it is important to look past the headline to see how deal terms have changed, which is what this report does in great detail. The data we have amassed over the past decade has proved to be an invaluable tool for us, our clients and the industry generally.” “This is our tenth year producing our Annual Private Credit Insights report, and we continue to find new and unexpected trends in the deals we work on. Boyko, co-head of Proskauer’s Private Credit Group. To truly understand the market, however, it is important to look past the headline to see how deal terms have changed, which is what this report does in great detail,” said Stephen A. “The headline for 2021 was the dramatic increase in deal flow– we had 85% more deal closings in 2021 compared to 2020 and a 74% increase in over 2019. This year’s report includes key insights from the Firm’s analysis of deals in 2021 including industries, deal size, pricing and leverage. NEW YORK and LONDON – Proskauer, a leading international law firm, today released the 10 th edition of its annual Private Credit Insights Report, a proprietary study and review of credit trends based on the Firm’s work for clients across the globe. Report Provides Insights and Trends across More Than 400 Deals Completed by the Firm in 2021 Environmental, Social and Corporate Governance (ESG).Product Liability & Consumer Litigation.Employee Benefits & Executive Compensation.Business Solutions, Governance, Restructuring & Bankruptcy.Since the onset of the pandemic, these services are considered more important than in-person services. This decline is widely viewed as a reflection of credit unions lagging in the adoption of tech-forward digital services that are commonly offered by larger commercial banks. Nine in 10 expect to be able to make and receive faster payments within three years, which coincides with the timeline for the FedNow℠ Service, a new instant payment infrastructure coming in 2023.įurthermore, a 2020 report by the American Customer Satisfaction Index (ACSI) found that credit unions have fallen below banks for customer satisfaction for a second consecutive year. In addition, a new Federal Reserve study found that nearly half of American businesses indicate the pandemic is causing them to accelerate their plans for faster payments adoption. 53% of consumers think it is “very” or “extremely” important to receive funds in real time using P2P.One-quarter of consumers would switch to a new financial institution to gain access to real-time payment offerings. ![]() 70% of consumers who have used real-time payments before would be “very” or “extremely” likely to use the option again if it were available for free. ![]() 30% of consumers believe that access to real-time payments is a key factor when selecting financial institutions.With the accelerated consumer demand for instantaneous, digital and contactless conveniences, it’s a matter of time until those same standards are applied to your credit union.Īccording to a 2020 study by PYMNTS and Alacriti: In essence, Alloya’s team of experts will dedicate the requisite time and effort to stay involved with the latest research, developments and industry groups, then synthesize the information and provide it to the community participants in a way that’s easy to understand.Įxplore the content below to learn why you should consider joining, what you stand to gain, and how that value will be delivered through Alloya Insights: Faster Payments. Get answers to your most pressing questionsĬredit unions who join Alloya Insights: Faster Payments will gain access to a myriad of educational resources that will help answer their most pressing questions pertaining to faster and real-time payments.Learn from and help one another within the community.Leverage the rapidly developing faster payments ecosystem to meet and exceed these expectations.Understand how members’ expectations are changing. ![]() If you’re not prepping to get in the faster payments game, consider this your invitation to lace up your shoes as we proudly announce our newest service…Īlloya Insights: Faster Payments is an interactive educational community that is designed to help your credit union: It’s 2022 and there’s no time like the present to start preparing for faster payments.
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