{"id":14959,"date":"2020-05-29T11:36:53","date_gmt":"2020-05-29T11:36:53","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=14959"},"modified":"2020-05-29T11:36:53","modified_gmt":"2020-05-29T11:36:53","slug":"covid-19-might-finally-bring-fintechs-and-financial-institutions-together","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/covid-19-might-finally-bring-fintechs-and-financial-institutions-together\/","title":{"rendered":"COVID-19 might finally bring FinTechs and financial institutions together"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Despite a past of underwhelming collaborations between FinTechs and traditional financial institutions, the COVID-19 pandemic is likely to forge deeper relationships between the two as many legacy systems have proven themselves unfit for a digitally-powered future. As businesses and consumers emerge from the pandemic in profoundly different ways, traditional financial institutions will need to quickly transition to an increased reliance on digital experiences. For most, this can only realistically happen via collaborations with FinTechs that already have the capacity to improve data retrieval and provide more agile and reliable front-end experiences. For FinTechs that can weather the current storm, the future looks to be full of new opportunities.<\/span><\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-14959 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Kyrgyz universities to offer programs on blockchain and cryptocurrencies'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/kyrgyz-universities-to-offer-programs-on-blockchain-and-cryptocurrencies\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/03\/kyrgyz-universities-to-offer-programs-on-blockchain-and-cryptocurrencies-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-12459\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12459'>\n\t\t\t\tKyrgyz universities to offer programs on blockchain and cryptocurrencies\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='BFC FinTech Monitor (21st July \u2013 17th August)'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/bfc-fintech-monitor-21st-july-17th-august\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2022\/08\/eesZeE1-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-16795\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-16795'>\n\t\t\t\tBFC FinTech Monitor (21st July \u2013 17th August)\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='How MyBucks is increasing financial inclusion among Africa\u2019s unbanked'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/how-mybucks-is-increasing-financial-inclusion-among-africa-s-unbanked\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/09\/how-mybucks-is-increasing-financial-inclusion-among-africa-s-unbanked-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-10834\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-10834'>\n\t\t\t\tHow MyBucks is increasing financial inclusion among Africa\u2019s unbanked\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Despite a past of underwhelming collaborations between FinTechs and traditional financial institutions, the COVID-19 pandemic is likely to forge deeper relationships between the two as many legacy systems have proven themselves unfit for a digitally-powered future. As businesses and consumers emerge from the pandemic in profoundly different ways, traditional financial institutions will need to quickly &hellip;<\/p>\n","protected":false},"author":12,"featured_media":14960,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[528,335],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/14959"}],"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=14959"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/14959\/revisions"}],"predecessor-version":[{"id":14961,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/14959\/revisions\/14961"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/14960"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=14959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=14959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=14959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}