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Let FinTech Help Jumpstart The Economy by Nizan Geslevich Packin

April 8, 2020

We are in the middle of a global economic crisis. This crisis, which was triggered in large part by the novel coronavirus, is very different from the 2008 financial crisis in fundamental way—big banks, which were at the epicenter of the 2008 crisis, are now perceived as the safe players in the financial markets that will help us weather the storm. FinTech companies, on the other hand, which are nonbank technology companies that offer financial services, are not perceived quite the same way. Just a few months ago FinTechs were giving big banks a run for their money. Now they are in serious jeopardy. 

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