Fin & Tech Crashing. Is Fintech the Hope?

The financial sector has been experiencing a downturn, with some of the Biggest banking failures in the US since the Global Financial Crisis leading to widespread sell-offs and falling in investor confidence. Meanwhile, the tech industry saw layoffs increase by over 600% last year, causing investors to reevaluate the onceconsidered "asset havens."

Simultaneously, Fintech is experiencing rapid growth in emerging economies, with three out of four countries already owning a realtime payments infrastructure, paving the way for digital payments solutions. This fintech revolution is being driven by emerging areas like open banking, API integration, blockchain technology, and DeFi solutions.

Read on as Jasper Colin's Market Watchdog screens explored the leading factors contributing to rapid growth in fintech's trajectory in 2023.