While banks have been talking up innovation in recent times, many still balk in creating a minimum viable product. This reluctance may become their undoing.
COVID-19 highlighted the long-term benefits of private-public partnerships (PPPs). But when the pandemic eases, will governments fall back to their short-termed habits?
Data shows that many startups have only six months of cash to survive and are in dire need of government help.
Companies are now laser focused on getting their regtech and other DX initiatives on track.
When Sri Lankan tea makers digitized rather than wait for COVID-19 measures to be over, they transformed an ancient industry.
KPMG survey highlighted other issues including lack of infrastructure, differing focuses on R&D spend and a call for public-private collaboration.
The recent bilateral agreement on digital trade may be a positive step, but it faces immense challenges with China-U.S. trade fallout.
For all its disruptive qualities, the pandemic gives FSIs time to catch up and even shape the future of the industry. But that time is ticking away fast.