Fintechs Face Make or Break Moment in Current Crisis

The onset of the current crisis has many in the fintech community nervous for what the future holds; some companies are seeing a big uptick in usage and adoption of their services; others are concerned if they will even survive to make it to the other side; Alastair Lukies, CEO of Pollinate and chair of the UK’s Fintech Alliance, tells the FT, “One could argue that people will have more time for financial planning, but my sense is that people aren’t in the mood for big decisions at the moment,” he says. “And a lot of companies in UK fintech have been payments focused. They rely on transaction throughput, and those transactions just aren’t happening.”; a survey by Sifted says challenger banks, foreign exchange services and wealth managers could feel the impact more than others; early stage companies will also be hurt in a significant way as they rely a lot on outside funding sources. Financial Times

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.