This trend, and even today’s forum, reflects the increasing dominance of Fintech, supported by the billions of dollars being poured into Fintech research and development across the globe.
In particular, it is estimated that by the end of 2012, two-thirds to three-quarters of the total cost competitiveness lost over the period 2001–2009 will have been recovered and that, by end-2013, all of the loss will likely have been recovered.