How Fintech Is Evolving In 2021

The Covid-19 pandemic has paralyzed much of our daily lives, and billions have experienced its health effects directly or indirectly. Businesses have suffered, with an estimate from this past fall showing that up to 60% of temporary closures could be permanent. However, there could be an option for a better future thanks to the many innovations made in many sectors.

In the case of the Fintech sector, this has bring new solutions and opportunities for previously underserved sectors such as:

1) Digital Banks;
2) The Digitization Of Brick-And-Mortar Banks;
3) Cryptocurrencies;
4) AI And ML Use;
5) Lending;
6) Accessible Finance And Financial Literacy;
7) Payments.

There’s no doubt that FinTech is still on the rise. As people seek new ways of convenience, alternatives to current systems and safer alternatives for their precious data, the world of FinTech will continue to evolve. Despite the challenges, or perhaps even because of them, we are driven to progress and strive for a better future.