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Jeroen de Bel

Jeroen de Bel, a RedSnap associate, is the founder and principal consultant of Fincog (www.fincog.nl). He is an expert in retail banking and payment innovation, and helps companies navigate the complexities of the fintech sector in a structured manner to develop winning solutions. Jeroen has over 10 years of international experience in the financial services industry. He is a former retail banking and payments senior analyst at The Boston Consulting Group, where he helped financial institutions and payment service providers globally to develop new strategies. In addition, Jeroen worked as senior consultant at PricewaterhouseCoopers and payments consultant at Innopay.

Fintechs: 4 pointers to secure your own bright future.

The economy and COVID-19

With large swathes of society working from home, schools shuttered, and the entertainment sector shut down, the economy is taking a big hit. We’re quickly diving deep into a big economic shock and long-term recession. International trade and travel have diminished. Supply chains are distorted as factories and borders are closed. Given a decline in demand, plus government measures to protect public health, whole sectors face a sudden, sharp decline in revenue. Whilst there are large differences between sectors, this will impact the entire economy. Governments have announced large aid-packages, but this will only help curb some of the shock.

Given this scenario, it’s easy to understand the fintech community is also facing losses.

 

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