The outbreak of COVID-19 has impacted financial markets, consumers, and businesses globally. After COVID-19 was declared a global pandemic by the World Health Organization, owing to the nature of how the virus spreads, governments globally have moved quickly to place restrictions on the way people work, travel, and shop.

What does this mean for the FinTech industry? The impact of the lockdowns, as well as the impending global recession, has been severe across industry verticals and has affected businesses large and small. To understand the true extent of damage to the FinTech industry, we will be speaking to FinTech leaders that have been directly dealing with the situation.

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Except for one or two industries, the rest of the world has been extremely concerned about the societal and economic impact of the novel coronavirus (COVID-19) pandemic. The financial services industry is one of those industries where people have started to count their pennies for the tough days ahead due to complete lockdowns and zero economic activities in one-fifth of the entire world. But the future impact of mounting bad debts should be just one of the concerns facing the financial services world. A more immediate and prominent threat is already knocking on our doors: the increasing cyberattacks on financial services institutions in the last couple of months.

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