The most ambitious survey in the history of fintech is getting under way today. The Cambridge Centre for Alternative Finance (CCAF), in partnership with the World Bank and the World Economic Forum, is releasing the Global Covid-19 Fintech Market Rapid Assessment Survey.
It is a massive undertaking that will draw on the resources of these leading research institutions. They aim to reach more than 15,000 fintech companies in 190 countries to discover the impact of the pandemic on the fintech market.
LendIt Fintech is proud to be an official Global Industry Survey Partner and we will be helping to promote this survey over the coming weeks. It is really important that every fintech company responds to the survey so we can get an accurate assessment of where we are right now as an industry that will inform policymakers around the world.
Fintech plays a vital role in providing financial services to consumers and small businesses throughout the world. Governments are beginning to recognize the importance of fintech and one of the goals of this survey is to see what policy responses might be needed to support fintech in helping to stimulate the economy in these uncertain times.
The executive director of the CCAF, Bryan Zhang, had this to say about this survey:
Global challenges require global solutions, this survey is a collective effort to bring the global FinTech ecosystem together to share their insights, express their views and voice their concerns in light of Covid-19. In turn, the rapid assessment survey findings will inform market participants, regulators and policymakers to take swift, appropriate and evidence-based actions.
Take the Survey Today
On to the survey itself. It was just launched today and is available for all fintech firms to complete. It should take around 30 minutes to fill out and there are two versions:
- Global Alternative Finance Benchmarking & Covid-19 Rapid Assessment Survey
For marketplace lending and crowdfunding platforms this combines the annual benchmarking study along with the Covid-19 survey.
- Global Covid-19 FinTech Market Rapid Assessment Survey
For all other fintech companies, the above link with take you to the Covid-19 survey.
It is very important that you complete this survey in a timely manner. The goal of the CCAF, the World Bank and the World Economic Forum is to have the results for this survey published before the end of Q3. There will be a great deal of work to do to make this happen, so it is imperative that you complete the survey as soon as possible.
LendIt is a Long Time Collaborator With CCAF
LendIt Fintech has been collaborating with CCAF since 2014, even before the Centre was formally established. We have partnered on many surveys, the leadership there has spoken at LendIt in both Europe and the USA and I have spoken at their excellent event in Cambridge.
We partner with them because their work is important. While there are many universities around the world doing good research, no other institution has the global reach to take the pulse of fintech in every important region in the world. Their reports have become a must read for serious industry participants.
Please support their work and complete the survey right away. We will all be stronger because of it.