The Rise of Fintech: What You Need to Know
The COVID-19 pandemic has undoubtedly cemented our reliance on technology as digital solutions have largely been the only means to overcome disruptions to people's daily routines. Many financial businesses are pivoting towards fintech, a trend in a higher demand for fintech services observed in our user cases.
In this case, fintech is now utilised by millions of people worldwide. The COVID-19 pandemic cannot be the sole catalyst for the switch to digital, but it has undoubtedly catapulted ongoing digital transformation trends. Many studies have revealed a strong rise in fintech products and services since the outbreak of the pandemic.
In this book, ADVANCE.AI demonstrates the reshaping of the fintech industry by the COVID-19 pandemic in terms of the following four parties: Institutions, Customers, Regulators and Technology. As fintech continues to advance well into the pandemic and beyond, the trends of the fintech industry in the future are also discussed.
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