Cloud Computing: The Quiet Catalyst for the Fintech Revolution
Cloud computing is the unsung hero of the ongoing financial technology boom. While other factors often take the spotlight, Fintech would be nothing without the cloud. The Great Recession is usually credited for changing the spin of the financial world order. Considered the most devastating economic disaster since the 1930s, it led to the massive distrust of the traditional banking system, particularly in the United States, where it began. Another driver of the current fintech revolution is bottomless venture capital. According to statistics provided by Fortunly, there are currently 39 Fintech unicorns valued at $1 billion or more. At first, […]
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