in my mind fintech is one of those rare sectors that is somewhat immune to what is happening in the bigger picture. as the markets head into a downturn investors/mum and dads/penny stock hopefuls head to their financial planners asking how to best preserve capital or flip a coin in these testing times. when the market turns up, and it will, again we go to our financial planners asking how to position our assets/maximise returns/etc. it's a win-win.
Also I feel that the younger generation are increasingly financially literate and interested in creating wealth. I notice this trend in the changing marketing of the banks and financial institutions... yellow brick road offers wealth 'road maps', Commonwealth has develop 'mywealth' with blogs and information for beginner investors. this general trend can only bode well for companies looking to enter the fintech space.
GLTA
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