Fintech-The Great Enabler of the Next Industrial Revolution
When compared with other contenders of the industrial revolution, one could argue that fintech is a gateway for all emerging technologies, the conduit towards financial inclusion and paving the way towards building a revitalized post-pandemic economy. Stakeholders within the fintech ecosystem need to collaborate and develop legal and regulatory frameworks that are harmonized with the pace of technological development. Only by fully leveraging the benefits of a hyperconnected world can we rebuild a strong economy that is resilient and sustainable.
As a society, we must continue to invest and promote innovation in the fintech space, while at the same time focusing on building a culture of ethics and maintaining a social impact mindset so future generations can look back at the major accomplishments achieved within this current industrial revolution era.