The fintech industry moved into the modern era from something deeper than just better technology. The Global Financial Crisis of 2008 triggered a crisis of trust. For millions of consumers and businesses, the crisis revealed a need for greater transparency. A new generation of financial services companies–fintechs–stepped into the gap promoting not just efficiency and lower costs, but transparency and accessibility as well.
This approach has delivered real results: The International Monetary Fund finds that digital finance not only increases financial inclusion, but is also associated with higher GDP growth and, in turn, helps create a more equitable global financial system.
