FOREWORD WHAT GOES DOWN MUST COME UP
It ’ s been a tough year for a lot of fintechs , and the ride isn ’ t over yet
“ We are closer to the golden state of stability than we were a year ago when the party was raging ”
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At our recent Fintech LIVE event in London , I had the pleasure of speaking to many industry experts about the current economic situation . From DeFi and the crypto winter to CBDCs , open banking , new regulations and of course , the global recession , there was no shortage of conversation to be had .
And despite the unanimous assertion from the room ( it ' s a rare thing when everyone agrees on something ) that things will probably get worse before they get better , a great sense of optimism prevailed . Because although these industry heads can see the bottom of the hill ahead of them , they can also see the slope upwards on the other side .
Essentially , what goes up must come down , and vice versa . After the crazy highs of 2020 and 2021 , fallout was inevitable . But that also means we are closer to the golden state of stability than we were a year ago when the party was raging . And that ’ s a positive note to end the year on .
We wish you a joyful Christmas season – and a peaceful and happy New Year . See you all on the other side in 2023 .