Given by Pablo Soler Bach, Adjunct Professor at IE Business School and Visiting Professor at the Università delgi Studi di Trento.
The exceptional circumstances of a pandemic, with more than three billion people quarantined and mobility restricted for many months over the globe, had a significant impact in all aspects of our lives, and sped up digitalisation, remote work or adoption of digital signature, regtech or cybersecurity. While that was a boost for many fintechs, the current high inflation and uncertainty environment is cooling investment and growth of the sector.
Some Financial sectors will have to rethink their business models, as car Insurance or neobanks, while others will have a unique opportunity to grow or become mainstream, such as biometric payments, consumer lending or wealth management, as people change the way they consume and invest, becoming more educated and socially conscious.
As said by Churchill, “never waste a good crisis”.
