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.
Smarter regulations should make it easier for businesses and individuals to comply.
COVID-19 is forcing CXOs to rethink the status quo as they prepare for the new business normal.