April 2, 2020
The outbreak of COVID-19 has impacted financial markets, consumers, and businesses globally. After COVID-19 was declared a global pandemic by the World Health Organization, owing to the nature of how the virus spreads, governments globally have moved quickly to place restrictions on the way people work, travel, and shop.
What does this mean for the FinTech industry? The impact of the lockdowns, as well as the impending global recession, has been severe across industry verticals and has affected businesses large and small. To understand the true extent of damage to the FinTech industry, we will be speaking to FinTech leaders that have been directly dealing with the situation. How leaders handle this episode will not only define the future of a firm but will also be critical in employees’ perception of leadership and determine the crisis is dealt with.
The COVID-19 pandemic is obviously a black swan event; many FinTech founders and business heads have not faced such an unprecedented scenario. This is where mentorship and insights from experienced founders can be beneficial to deal with this situation collectively. MEDICI & FinStep Asia have joined forces to create a video series where prominent and successful FinTech leaders from financial institutions would be interviewed on how they are dealing with the crisis and how one could emerge as a winner.
The interviews would be 5–10-minutes-long videos, covering a range of topics from BCP, new work-from-home arrangements, cash flow management, product launches, growth levers, support schemes, client management, employee morale, resource management, and leadership insights. The series will be featured on the MEDICI Studio playlist, as well as the FinStep Asia website. We will be posting regular updates on our social media handles and list some third-party resources for founders and CXOs to benefit from.
We look forward to kick-starting the video series on April 6, 2020, with leaders from Hong Kong and Europe: Deniz Guven, CEO of Hong Kong-based virtual bank Mox; Simon Loong, CEO of Hong Kong-based unicorn WeLab; Mike Laven, CEO of major Europe-based payments player Currencycloud; and Mikaal Abdulla, CEO of 8 Securities, which is one of the first Asian robo-advisors.