{"id":1808,"date":"2020-09-15T08:30:57","date_gmt":"2020-09-15T05:30:57","guid":{"rendered":"https:\/\/ludci.eu\/magazine\/?p=1808"},"modified":"2020-09-15T12:15:42","modified_gmt":"2020-09-15T09:15:42","slug":"how-is-the-fintech-industry-looking-during-covid","status":"publish","type":"post","link":"https:\/\/ludci.eu\/magazine\/how-is-the-fintech-industry-looking-during-covid\/","title":{"rendered":"How is the Fintech Industry looking during COVID?"},"content":{"rendered":"
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Headline Diplomat eJournal - Issue 1
\nThe perilous lenses of COVID-19: The impact on the economy
\nWrites Tayo Williams, Journalist, Headline Diplomat, LUDCI.eu
\nThe coronavirus pandemic has brought the global economy to a standstill. With several governments enforcing varying degrees of lockdown. Businesses, including financial institutions, were shuttered to prevent the spread of the novel virus.<\/p>\n

While we do not have a complete picture of the impact of the crisis on the global economy yet, isolated data and trends from individual industries are beginning to emerge.<\/p>\n

The Fintech industry has since the outbreak of the virus come under intense stress. Though, it is not all bad news for the financial subsector.<\/p>\n

The current challenge is an opportunity to go mainstream. The need for social distancing and increased demand for cashless transactions mean fintech companies can step in to fill the gap.<\/p>\n

Here's where contactless payment technologies that have been tested over the years by these fintechs can help.<\/p>\n

Fintechs' innate agile nature gives them a competitive edge over traditional financial institutions. Reuters, reports Nigel Morris, founder of QED Investors \"The pandemi...<\/p>\n <\/div>\n

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