The Cambridge Centre for Alternative Finance (CCAF) has launched its next survey on the Fintech industry. According to CCAF, the research entity has kicked off the Global COVID-19 #Fintech Market and Industry Resilience Study.
More recently, CCAF published its Global Alternative Finance Benchmarking Report outlining the development of innovations in financial services. CCAF is the top data and research entity covering the global Fintech ecosystem providing valuable perspective and insight into digital finance. Its benchmarking report is widely referenced and utilized by policymakers around the world to help guide decisions in a highly regulated industry.
This most recent survey is being published with the support of the World Bank and the World Economic Forum. The study is also being supported by the UK Foreign, Commonwealth and Development Office
CCAF is asking industry participants and stakeholders to complete a survey that is said to take under 20 minutes to complete. By participating in the research, CCAF seeks to provide unique observations regarding the impact of the ongoing COVID-19 health crisis and how digital financial services firms have fared. Additioanlly, CCAF is looking for information on the regulatory response and market conditions regarding Fintech. As industry insiders know, some jurisdictions embraced digital finance as a way to encourage economic activity in a time of economic duress. At least anecdottally, COVID has helped to propel innovations in financial services.
Once the survey is completed, CCAF expects to produce a report that will help inform future decisions for firms, regulators, policymakers, investors, and other stakeholders. The forthcoming report will also help to shed light on the extent to which Fintechs have been able to service key demographic and market segments such as the underbanked and minorties.