TECHNOLOGY
THE RISK AND RECESSION MANAGEMENT SPACE HAS TRANSFORMED IN RECENT MONTHS . WE TAKE A LOOK AT HOW FINTECHS ARE HOPING FOR THE BEST AND PREPARING FOR THE WORST
WRITTEN BY : JOANNA ENGLAND
Fintech globally has risen smelling of roses despite the murk and flux of the past two years . For an emerging industry , its meteoric growth in the face of incredible financial uncertainty almost gives the sector an indestructible air of resilience .
But resting on proverbial laurels is never a good plan for the future . And if fintechs can be made , or indeed thrive in the utter chaos of a world-paralysing pandemic , then perhaps a period of calm and growth won ’ t be quite such an exhilarating ride .
The world has changed , and with it , certainties once relied upon . The areas of risk and recession management are now contemplating a fresh gamut of scenarios that fintechs and financial services institutions must consider as part of their future-proof plans .
118 October 2021