Thus, in order to make FinTech bloom in these countries, it is strongly needed to create innovative financial services with high added-value beyond already-available services. In addition, financial  5  institutions are required to take forward-looking measures to reform their own structures in order to make effective use of FinTech.
As the recovery from the pandemic progresses, and major economies begin to remove exceptional monetary stimulus, the system will likely come under more pressure. Tighter financial conditions globally will suit some countries better than others. And beyond the pandemic recovery, new and even bigger challenges are on the horizon, including climate change, the digitalization of currencies and growing inequality.