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      "text": "The thinking of many financial institutions has evolved, they're now seeking to team more with emerging technology companies to gain access to new markets and products, greater efficiencies, or just the \"secret sauce\" that makes innovation go. At the same time, many Fintechs themselves have sought to join with large financial institutions to expand into new markets, extend their client network, gain industry and regulatory knowledge, and even simply cash out. The rise of Fintech, changing consumer behavior, and advanced technologies are disrupting the insurance industry. Insurtechs and technology startups continue to redefine customer experience through innovations such as risk-free underwriting, on-the-spot purchasing, activation, and claims processing.",
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      "text": "Despite the COVID-19 pandemic, we appear to have entered a new phase in the evolution of the financial technology sector.",
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      "text": "The term Fintech (Financial Technology) refers to computer programs and other modern technologies used by businesses that provide automated and improved financial services. Since the last global financial crisis, investments in Fintech have been growing. The expansion of the sector was largely a technological response to the shortcomings of the traditional financial services industry, which came under extreme pressure during and after the crisis. Currently, the COVID-19 pandemic has initiated another recession. We have seen that since the COVID-19 outbreak the financial sector, together with the energy and real estate sectors, has experienced the largest market capitalization loss, primarily due to concerns about increased credit losses. On the other hand, accommodative measures by governments around the world (labor costs compensation, income support, financing facilities etc.) are likely to help borrowers meeting loan obligations amid an environment of rising defaults.",
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      "text": "Fintech continues to transform the financial services industry",
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      "text": "FINTECH | INTRODUCTION",
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