FinTech in the Post-COVID Period

Natalia G. Adamchuk ()
Additional contact information
Natalia G. Adamchuk: MGIMO University

Chapter Chapter 19 in Post-COVID Economic Revival, Volume I, 2021, pp 273-282 from Springer

Abstract: Abstract This chapter deals with problems of financial technologies and its using at the Post-COVID Age. Technological innovations that take into account signals about consumer needs are opening up new opportunities for the financial market. This study showed that the COVID-19 pandemic has had a positive impact on the development of FinTech companies. However, their adaptation to post-COVID conditions may face certain difficulties due to a lack of understanding of the timing of economic recovery from the shock, regulatory uncertainty, financing problems, and, as a consequence, the ability to develop and provide new products and services. Within the framework of this work, the following hypothesis was formulated—the success of FinTech before and in the context of the pandemic determines the viability of this direction. The different levels of “economic immunity” financial institutions have to crisis phenomena will determine the speed of transformation from the modern global economy into a digital one. This study concludes that the new reality businesses are experiencing regarding technological cooperation, in the context of COVID-19, is likely to accelerate the development of interactions for the provision of financial services, with the potential to expand access to markets, the range of products/services offered, and convenience for consumers. Thus, FinTech has great development prospects in the post-COVID world, provided that the above aspects are addressed.

Date: 2021
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-83561-3_19

Ordering information: This item can be ordered from
http://www.springer.com/9783030835613

DOI: 10.1007/978-3-030-83561-3_19

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().