Challenges for the FinTech industry
Theme:- FinTech (Financial technology) is helping in achieving financial inclusion by making financial services more accessible to an increasing number of people. But the fintech industry has several challenges to tackle.
- FinTech companies use technology to improve
Inflation
Theme:- Ipsos’ latest ‘What Worries the World’ survey of June 2022 revealed that inflation is now the world’s biggest concern more than COVID-19. Many countries are struggling with high inflation rates.
- Inflation is the rate of increase
Green economy
What is ‘Green economy’:- A green economy aims at development without causing a negative impact on the environment.
- The present economy encourages people to buy more things. Rising materialism is depleting natural resources, causing
Stagflation
Theme:- In June 2022, the world bank’s latest report warned about the increasing risk of global stagflation.
- Stagflation is a scenario in which both inflation and unemployment rate are high.
- Till the 1970s, it was believed that
Global energy crisis
Theme:- Since 2021, the world is facing an energy crisis due to several factors. At present, we are in the middle of the first global energy crisis. In many countries including the UK and Spain, electricity prices are increasing.
