Per the World FinTech Report 2021 produced by Capgemini and Efma, fintechs have shown tremendous resilience during the COVID-19 outbreak, and many have enjoyed substantial growth in recent months. In fact, more than 51% of fintechs anticipate capital reserves to be impacted significantly as onboarding, staffing and data storage costs rose during quarantine.
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Capgemini and Efma: Banks Turning to Digital Solutions As Fintechs Thrive
As fintechs enjoy a surge in popularity, incumbents in the finance sector have been establishing digital-only entities to better serve customers. So reports Crowdfund Insider.
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