Since the global financial crisis in 2008, a profound "financial revolution" has quietly emerged and the development of FinTech has become an irreversible trend, demonstrated by the high level of attention from governments worldwide and continuous funds. In this process, China has successfully seized the opportunities and maintained a leading position. However, there are also numerous challenges. On the one hand, FinTech places higher demands on the risk management capabilities of enterprises and the regulatory capabilities of governments. On the other hand, data security and privacy protection are also challenging issues and people focus on how to make FinTech more secure and reliable while achieving inclusive finance. However, at the same time, we should not be deterred by its remaining uncertainties.
Download the full report: Global FinTech Hub Report 2020
