{"id":14956,"date":"2020-05-29T11:37:00","date_gmt":"2020-05-29T11:37:00","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=14956"},"modified":"2020-05-29T11:37:00","modified_gmt":"2020-05-29T11:37:00","slug":"5-ways-fintech-startups-are-adapting-to-the-covid-19-pandemic","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/5-ways-fintech-startups-are-adapting-to-the-covid-19-pandemic\/","title":{"rendered":"5 ways FinTech startups are adapting to the COVID-19 pandemic"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">We\u2019re now living in a new macroeconomic narrative, one with major changes taking place nearly every day. To survive in such conditions, it\u2019s necessary to be flexible. Unsurprisingly, FinTechs are already starting to adapt to the new realities. Here\u2019s 5 important things FinTechs are doing to survive and come out with a brighter future:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>Funding<\/b><span style=\"font-weight: 400;\"> \u2013 funding for new projects is quickly drying up. Many FinTechs are postponing their search for funding or working closely with investor angels.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Online events<\/b><span style=\"font-weight: 400;\"> \u2013 FinTech startups are usually reliant on events to form partnerships, seal deals and find funding. As the current situation does not allow for these events to occur in person, free virtual events are filling the void to help facilitate these connections.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Online financial service opportunities <\/b><span style=\"font-weight: 400;\">\u2013 there has been a 72% surge in FinTech app usage as consumers switch to digital payments and adapt mobile apps more readily. FinTechs poised to support consumers in these endeavors have a real advantage.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Risk-taking<\/b><span style=\"font-weight: 400;\"> \u2013 some startups are walking the talk and launching new products. For example, Bux recently launched a new cryptocurrency platform with zero commission.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Community-focused initiatives<\/b><span style=\"font-weight: 400;\"> \u2013 FinTech startups are supporting communities during these tough times by offering free advice, cancelling\/waiving transaction fees, making donations to nonprofits and hospitals and launching never-before-seen consumer-centric products. This could be a new trend where the needs of the community become business priorities.<\/span><\/li>\n<\/ul>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-14956 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Video: Top FinTech trends for 2020'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/video-top-fintech-trends-for-2020\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/12\/Top-Fintech-Trends-For-2020-150x150.jpeg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-14125\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-14125'>\n\t\t\t\tVideo: Top FinTech trends for 2020\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Five undeniable truths of digital banking'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/five-undeniable-truths-of-digital-banking\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/03\/business-executives-discussing-with-their-colleagues-on-whiteboa_1170-1837-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-8850\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-8850'>\n\t\t\t\tFive undeniable truths of digital banking\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='The surprising slowness of IT departments'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/the-surprising-slowness-of-it-departments\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/11\/the-surprising-slowness-of-it-departments-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-11464\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-11464'>\n\t\t\t\tThe surprising slowness of IT departments\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>We\u2019re now living in a new macroeconomic narrative, one with major changes taking place nearly every day. To survive in such conditions, it\u2019s necessary to be flexible. Unsurprisingly, FinTechs are already starting to adapt to the new realities. Here\u2019s 5 important things FinTechs are doing to survive and come out with a brighter future: Funding &hellip;<\/p>\n","protected":false},"author":12,"featured_media":14957,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[527,335],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/14956"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=14956"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/14956\/revisions"}],"predecessor-version":[{"id":14958,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/14956\/revisions\/14958"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/14957"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=14956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=14956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=14956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}