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Date Trend snippet:
11 June 2021
Relevance date:
2019, 2020
Type of Treath or Oppertunity
Domain of application
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- Trend snippet: COVID-19 impacts macroeconomic environment and cost & margin pressure
Trends in Security
Trends in Security Information
The HSD Trendmonitor is designed to provide access to relevant content on various subjects in the safety and security domain, to identify relevant developments and to connect knowledge and organisations. The safety and security domain encompasses a vast number of subjects. Four relevant taxonomies (type of threat or opportunity, victim, source of threat and domain of application) have been constructed in order to visualize all of these subjects. The taxonomies and related category descriptions have been carefully composed according to other taxonomies, European and international standards and our own expertise.
In order to identify safety and security related trends, relevant reports and HSD news articles are continuously scanned, analysed and classified by hand according to the four taxonomies. This results in a wide array of observations, which we call ‘Trend Snippets’. Multiple Trend Snippets combined can provide insights into safety and security trends. The size of the circles shows the relative weight of the topic, the filters can be used to further select the most relevant content for you. If you have an addition, question or remark, drop us a line at info@securitydelta.nl.
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COVID-19 impacts macroeconomic environment and cost & margin pressure
Before the press conference announcing the intelligent lockdown, regulatory pressure as well as an increasing demand for digital channels were considered elements that impact the Fintech scene the most. Both elements remain to be important after the intelligent lockdown. However, since the intelligent lockdown, these elements have become even more important, topped though by the impact of customer demand. Not surprisingly,
respondents also indicated the macroeconomic environment to have a higher impact as well
respondents also indicated the macroeconomic environment to have a higher impact as well
More source info
Though respondents were still reasonably positive on the business climate and survey results were hardly impacted by COVID-19, this drastically changes when respondents rate the elements that impact the Fintech industry most. Before the press conference announcing the intelligent lockdown, regulatory pressure as well as an increasing demand for digital channels were considered elements that impact the Fintech scene the most. Both elements remain to be important after the intelligent lockdown. However, since the intelligent lockdown, these elements have become even more important, topped though by the impact of customer demand. Not surprisingly, respondents also indicated the macroeconomic environment to have a higher impact as well. The fintech sector in general, the increase in demand for digital channels will have a high impact, especially as during the lockdown consumer’s digital behavior with respect to financials has seen a strong adoption of digital, which is expected to have a lasting impact. Remarkable and contrary to what would be expected is the fact that emerging technologies (AI, data analytics, robo-advisory etc.) are not perceived to be of major influence on the fintech industry by the respondents. One explanation could be that most companies already implement this technology into their offering and therefore do not perceive this to be a major game changer. Another explanation might be that within the fintech community technology is not perceived as emerging but as a necessary requirement that enables market development. For the fintech scene it is not all gloom and doom, as there are also companies that flourish in this setting. Especially those companies offering tech solutions to financial service providers are expected to continue to do well, as an accelerated digital transition is forced upon many in the industry. The tech element in fintech becomes even more crucial in the way fintech gets interwoven into the way we integrate fintech into our daily lives. Digital is not something to consider, but crucial to survive post Corona.
