How Post-COVID Has Influenced Fintech

Financial Technology, or fintech, is a revolutionary movement that challenges the traditional methods of financial transactions. It has revolutionized how people think about and pays for goods and services. This new movement paved the way for innovations that make our lives easier.

During the pandemic, the financial technology industry could meet its customers’ needs while they were still safe in their homes.

Despite the various warnings that the financial technology industry would face a significant decline, it could still successfully turn around its situation. In this article, you’ll see how Post-Covid has influenced fintech.

E-Commerce

During the first lockdowns, the public became more accustomed to the concept of financial services digitization. They began using various electronic payments, such as mobile banking and contactless payments.

To remain competitive in today’s digital age, small to medium-sized enterprises and retailers need to reinvent their business models by incorporating fintech into their operations.

Cybersecurity

Due to the emergence of fintech, businesses no longer need to face the traditional methods of interacting with customers and conducting energy-consuming processes. Instead, they need to focus on providing secure transactions and making their customers feel protected whenever they are in the digital frontier.

Since the outbreak of the pandemic, many financial technology companies have been able to implement effective cyber protection measures successfully. As online transactions continue to increase, all companies must take the necessary steps to improve their cybersecurity.

Cryptocurrency

The rapid emergence and growth of cryptocurrencies have been one of the most significant factors that have affected the financial services industry. Due to technological advancements, the public has started to invest in various cryptocurrencies.

Despite the volatility of cryptocurrencies, the number of people interested in investing in them continues to increase. This has prompted the financial industry to adapt.

Conclusion

The growth of fintech has been one of the most significant factors that have affected the financial services industry. Due to the technological advancements that have occurred in the industry, it is clear that the influence of financial technology will not stop anytime soon.

To remain competitive in today’s digital age, businesses need to continuously monitor and learn about the latest trends in the financial technology industry. Doing so will allow them to align their strategies with their company’s goals.

About Nikolas Perrault

Nikolas Perrault is a Chartered Financial Analyst with significant experience in the financial, technology, and natural resources industries. As founder and CEO of M&A and Capital Market Advisory consulting firm Twilight Capital, Mr. Perrault provides strategic advice to select clients on a global scale. Twilight’s primary focus is natural resource companies. Additional areas of interest include AI, healthcare, and Fintech.

Nikolas Perrault was born in Rwanda and has traveled extensively for decades throughout the world. He has a passion for discovering new cultures and building bridges between them. Twilight is on a constant quest for opportunities to connect entrepreneurs internationally and to assist public and private companies in their overall capital market strategy.

Mr. Perrault graduated from Concordia University with a Bachelor of Commerce in Finance in 1991. He received his Chartered Financial Analyst designation in 1997. He has extensive experience in securities trading, human resources management, and financial analysis. Nikolas Perrault is also currently acting a Special Advisor Capital Market to QuantGate Systems, a fintech company that is working towards making trading a safer experience for everyone through their diversified team of leaders and innovators as well as being on the advisory board for Petro Viking Energy Inc, a Canadian private reporting issuer poised to become a 21st Century Integrated Energy Company that works on energy projects in Canada and internationally. Nikolas Perrault is also now Managing Director at Regent Capital Partners.