People had high expectations that the economy would rebound in the year 2020 but with COVID-19, it has become a year that will be dreaded by generations to come. The pandemic was declared in March 2020 and began hitting economies and businesses worldwide. COVID-19 has had a massive impact on FinTech Startups and companies and affected the Digital Payments space. Here is a roundup of shortand long-term impacts.
In recent years, fintech has been at the core of the reinvention of banking and financial services across the world. To understand the impact of fintech on this sector, all you need to do is look at developments like Robo-advisory, Insurtech, etc. and the promise they offer.
FinTech is an industry born out of the marriage of the ever-green financial services sector and the new millennium’s technology industry. This industry offers financial services to people by leveraging software and technology. Some examples are online banks, peer-to-peer lending platforms, Robo-advisories, mobile payment firms, etc.
Like every other industry sector, the financial landscape is changing remarkably. With constantly evolving technologies, new global regulations, and increased investment, the industry is growing faster than ever. Of all the trends, the introduction of FinTech remains the most prominent, redefining and disrupting financial services and products in the last decade. However, since it is new, there are bound to be little or no understanding of how actually FinTech works and serves the changing market needs.
Targeted at management and finance professionals, the course carries a fee of Rs 3.36 lakh and will commence in May
The Indian Institute of Management, Calcutta (IIM-C), in collaboration with TalentSprint, a digital platform for professional education, has come up with a new course targeting management and finance professionals, with the aim of equipping them with modern-age digital tools.