Issue #312 - Are fintech’s best days behind it?

The United Kingdom no longer has the choice but to adapt to the post-Brexit times, making digital finance one of its priorities.

Things have been looking up for Belfast since the end of the Troubles. The city has undergone infrastructure improvements over the past two decades, tourism has boomed thanks to attractions such as the shipyard where the RMS Titanic was built and Game of Thrones shooting locations, and employment has risen steadily in the city since 2016, according to Northen Ireland’s Department for the Economy.

FinTech has a Midas touch and since the 2020 crisis, it has redefined the Gaming Industry. We have arrived in the era of FinTech driven Gaming Industry.

It is hard to imagine that the iPhone was first announced in 2007, just a little over 13 years ago. Nowadays, smartphones have become an integral part of our daily lives. It has created brand new industries and disrupted old ones, from ride hailing to food delivery.

I (Leda) grew up in Athens in the 80s. Small compared to London but already an anonymous and faceless city. However, I clearly remember visiting my grandmother’s village as a small child, relishing in the freedom of being allowed out onto the streets without an adult, trying this sense of safety on like a new coat and finding I liked it. And then a grown-up I had never seen before stopped me and asked me the most baffling question, “Whose are you?”.

2020 was a big year of change for the fintech industry. Is 2021 shaping up to be any different?

A recent Deloitte report outlined that hyper-personalisation is “an imperative for banks”, allowing them to respond to customer needs, as well as differentiating their brand, boosting revenues and helping to improve financial inclusion.

There have been hundreds of cases of harassment in the fintech sector. Today, InChorus launched a slack bot to track and collate data on microaggressions.

As technology revolutionizes the financial sector, experts discuss how policymakers should respond.