1、Transition:finance Fintech gears up for a new eraFintech&Advanced Payments Report 2024Global Experts inFintech ConsultingFRANKFURT DUBAI LONDON PARIS SAN FRANCISCO SYDNEYEdgar,Dunn&Company(EDC)is an independent global financial services and payments consultancy.Founded in 1978,the firm is widely reg

2、arded as a trusted advisor to its clients,providing a full range of strategy consulting services,expertise,market insights,and M&A support.From offices in San Francisco,London,Paris,Frankfurt,Dubai,and Sydney,EDC delivers actionable strategies,measurable results and a unique global perspective for c

3、lients in more than 45 countries on six continents.For more information contactSamee ZafarDTue ToHead of Advanced Payments and Fintech for North A3 Transition:finance|Fintech gears up for a new era3ContentsIntroduction 4Executive summary 5Transition to a new era:Back to earth with a bump 6High impac

4、t:How is fintech reshaping the economy?16Moving on:Accelerating the great(fin)tech transfer 26Conclusion 33 Findexable assisted Edgar,Dunn&Company in the preparation of this report.4 Transition:finance|Fintech gears up for a new era2023 was undeniably eventful and characterized by shifting global la

5、ndscapesamong them the receding impact of COVID-19,political conflict,natural disasters,and a banking crisis that led to the collapse of multiple regional banks in the United States.At the same time,the continued rise of generative AI models added to this whirlwind of surprises.While the current tec

6、hnological evolution brings forth exciting possibilities,striking a balance between innovation and responsibility towards consumers and the environment while maintaining a viable business is now more important than ever.In this years report,we explore fintechs responses to the post-pandemic world,it