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The Fintech Effect

Report from Plaid: Challenges faced by the fintech sector amid Covid-19

A report from Plaid, “The Fintech Effect: Spotlight on COVID-19”, highlights the major challenges that fintech has been undergoing, and also the economic impact on financial services. The tools provided by the fintech industry helped boost the way people are managing their financial lives, despite the challenges imposed by the new climate. As main findings, the survey shows that in the US, fintech adoption is accelerating amid the global COVID-19 pandemic, with most people viewing fintech as their “new normal” for managing money.

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