31 January 2022
If recent years have confirmed anything, it’s that life is becoming deeply intertwined with the digital realm. But what does this mean for the legacy of finance? The world moves further from cash and coins with each day, leaving many to wonder, what’s behind this financial revolution?
The answer? Fintech.
Advances in fintech have ballooned in recent years, equipping consumers with neobanks, robo-advisers, and buy now pay later solutions that take the fuss out of day-to-day transactions. But these advances show no signs of slowing down, with 2022 being earmarked as the year of the fintech revolution.
The developments in fintech are now going beyond financial institutions, embedding themselves in our every day. From ordering a cab to affording our first home, fintech has become a vehicle through which finances pass from hand to hand without a second thought. Not only that, but these innovations offer a new lease of life for businesses who, at one point, were at risk of fading into the past. And yet, this new lease of life is not without its challenges…
The webinar began with a break down of the impacts of open finance, the rise of DeFi and Web 3.0, closing with the increasing importance of tackling ESG head on. From here, our speakers opened to a Q&A, answering the following questions:
– It feels like the industry still has some work to do on the consumer engagement side, open banking is a great tool but do consumer’s understand what it does and how it can help them in their day-to-day lives? 50.12
– The wallet is embedded in the browser, does it mean that Chrome, Microsoft, or Edge will be responsible for the security? And do you think consumer’s trust big tech? 54.09
– Tell us about BNPL and some of the concerns in this space? 56.21
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PLEASE NOTE – The above webinar took place on Thursday 27th January at 11:00am GMT. Updates may have been introduced after this webinar was recorded.