What's Next for Fintech?

摘要

For more than half a decade, a seemingly irre-sistible momentum has been building around the idea that finance and technology are converging at a historical inflection point, a combination of business transformation and competitive disruption that has come to be labeled fintech. With annual investments in product development and entrepreneurial ventures now well into double-digit billions of dollars - and climbing-a 2000-style crash apparently isn't in the offing. However, if fintech is booming, then it is not immune to cyclical decline. Any investment, whether in a strategic initiative or a start-up, carries risk. But might there be more secular, or macro, forces that could wreak havoc on fintech as a whole? Or, to spin it more positively, what will it take to ensure this emerging sector's longer-term sustainability?