--- title: "Fintech: Banks and Finance will arise in the world after Covid-19" description: The Coronavirus emergency has favored the change of habits and needs of people and businesses. image: https://newsroom.kireygroup.com/hubfs/Immagini%20blog/Blog_all_fintech_mondo_post_covid.jpg --- [kireygroup.com](https://www.kireygroup.com/) [![](https://newsroom.kireygroup.com/hubfs/item-2020-dicembre/logo-Blog-v2.svg)](https://newsroom.kireygroup.com/en/news) - [Ita](https://newsroom.kireygroup.com/news/fintech-rinascono-banche-e-finanza-nel-mondo-post-covid?hsLang=it) - Eng - [Esp](https://newsroom.kireygroup.com/es/news?hsLang=en) [Kireygroup.com](https://www.kireygroup.com/) # Get your daily dose of tech! ## We Shape Your Knowledge # [Legacy modernization in banking: discover the true cost of legacy systems](https://newsroom.kireygroup.com/en/news/legacy-modernization-in-banking-discover-the-true-cost-of-legacy-systems?hsLang=en) The banking sector is one of the world’s largest investors in digital transformation and innovation,... [Read more](https://newsroom.kireygroup.com/en/news/legacy-modernization-in-banking-discover-the-true-cost-of-legacy-systems?hsLang=en) 10 MIN READ 22 September 2026 ### Latest News - [Legacy modernization in banking: discover the true cost of legacy systems](https://newsroom.kireygroup.com/en/news/legacy-modernization-in-banking-discover-the-true-cost-of-legacy-systems?hsLang=en) - [Context Engineering, the art and science behind AI Agents](https://newsroom.kireygroup.com/en/news/context-engineering-the-art-and-science-behind-ai-agents?hsLang=en) - [Agentic AI Governance: how to effectively manage AI that can act](https://newsroom.kireygroup.com/en/news/agentic-ai-governance-how-to-effectively-manage-ai-that-can-act?hsLang=en) - [Autonomous SOC: reality, limitations, and prospects for AI-driven security](https://newsroom.kireygroup.com/en/news/autonomous-soc-reality-limitations-and-prospects-for-ai-driven-security?hsLang=en) - [Data Virtualization, the pillar of data-driven companies: what it is and how it works](https://newsroom.kireygroup.com/en/news/data-virtualization-the-pillar-of-data-driven-companies-what-it-is-and-how-it-works?hsLang=en) - [Cloud Economics: the goal is not to spend less, but to spend better](https://newsroom.kireygroup.com/en/news/cloud-economics-the-goal-is-not-to-spend-less-but-to-spend-better?hsLang=en) 2 MIN READ 14 July 2020 - Share on: - - - - [Cybersecurity](https://newsroom.kireygroup.com/en/news/tag/cybersecurity) / - [Corporate](https://newsroom.kireygroup.com/en/news/tag/corporate) / # Fintech: Banks and Finance will arise in the world after Covid-19 #### Kirey [![](https://newsroom.kireygroup.com/hubfs/it.svg)](https://newsroom.kireygroup.com/news/fintech-rinascono-banche-e-finanza-nel-mondo-post-covid?hsLang=it)    [![](https://newsroom.kireygroup.com/hubfs/ES.svg)](https://newsroom.kireygroup.com/?hsLang=es) 2 MIN READ 14 July 2020 - Share on: - - - - [All](https://newsroom.kireygroup.com/news?hsLang=en) - Categories + - [Corporate](https://newsroom.kireygroup.com/en/news/tag/corporate) - [Cybersecurity](https://newsroom.kireygroup.com/en/news/tag/cybersecurity) - [Events/Webinars](https://newsroom.kireygroup.com/en/news/tag/events-webinars) - [Cloud](https://newsroom.kireygroup.com/en/news/tag/cloud) - [Data Value](https://newsroom.kireygroup.com/en/news/tag/data-value) - [Innovation](https://newsroom.kireygroup.com/en/news/tag/innovation) - [Artificial Intelligence](https://newsroom.kireygroup.com/en/news/tag/artificial-intelligence) - [Monitoring](https://newsroom.kireygroup.com/en/news/tag/monitoring) - [DevSecOps](https://newsroom.kireygroup.com/en/news/tag/devsecops) - [Software Development](https://newsroom.kireygroup.com/en/news/tag/software-development) - [Corporate Social Responsibility](https://newsroom.kireygroup.com/en/news/tag/corporate-social-responsibility) - [Data Privacy](https://newsroom.kireygroup.com/en/news/tag/data-privacy) - [Advisory](https://newsroom.kireygroup.com/en/news/tag/advisory) - [Accessibility](https://newsroom.kireygroup.com/en/news/tag/accessibility) - [Automation](https://newsroom.kireygroup.com/en/news/tag/automation) - [Digital Banking](https://newsroom.kireygroup.com/en/news/tag/digital-banking) - [Digital Industry](https://newsroom.kireygroup.com/en/news/tag/digital-industry) - [Use case](https://newsroom.kireygroup.com/en/news/tag/use-case) - [Welfare & Social Services](https://newsroom.kireygroup.com/en/news/tag/welfare-social-services) - [Press & PR](https://newsroom.kireygroup.com/en/news/tag/press) ## **The world of banking and finance will be increasingly digital** Fintech is a decisive accelerator to expand the offer beyond traditional banking products and to fill the digital gap with the most advanced sectors. A change in business models and mentality accelerated by the pandemic. The **Coronavirus** emergency has favored the change of habits and needs of people and businesses. This has also had an impact on the financial services system, so that, even in Italy, banks have understood the need to innovate. There was already a tendency to abandon cash to switch to electronic and digital payments, but with the Covid-19 the phenomenon has accelerated and banks can no longer postpone. Sectors such as **digital payments** and **e-commerce** have experienced strong growth: according to [Netcomm](https://www.consorzionetcomm.it/), in the first four months of 2020 there were **two million** new online buyers, against 700 thousand last year; Paypal in the first quarter recorded **10 million** new active users (+135% compared to 2019), +22% of the total volume of payments. The real innovation lies in the **cooperation** - and not in the competition - with [Fintech](https://it.businessinsider.com/banca-fintech-restart-ripartenza-coronavirus-tendenze/), which will improve **customer satisfaction** and loyalty through the expansion of the offer with new products and financial services even not traditionally banking, and a better experience thanks to advanced technological platforms. In this new business model, in fact, the difference will be the "**customer-centricity**" approach, in which the bank becomes the partner of the customer. At the same time, banks face investment in **IT security**: Fintech, in fact, relies largely on applications that access users' financial profiles to perform transactions in real time and that are an increasingly common attack vector. According to [Check Point](https://www.checkpoint.com/), in fact, 27% of companies worldwide have suffered cyber attacks that have compromised the security of mobile devices. Kirey has developed [solutions](https://focuson.kireygroup.com/fintech?hsLang=en), in the field of[**Data Security** and **Privacy**](https://www.kireygroup.com/en/competencies/cybersecurity), to accompany banks and the entire financial world in this transition. - [Previous post](https://newsroom.kireygroup.com/en/news/cloud-business-continuity?hsLang=en) - [Read all posts](https://newsroom.kireygroup.com/en/news?hsLang=en) - [Next post](https://newsroom.kireygroup.com/en/news/innovation-resilience-and-flexibility-the-new-formula-for-enterprises?hsLang=en) ## Related posts: #### [Autonomous SOC: reality, limitations, and prospect...](https://newsroom.kireygroup.com/en/news/autonomous-soc-reality-limitations-and-prospects-for-ai-driven-security?hsLang=en) Artificial intelligence is certainly not new to the world of cybersecurity. For more than a decade, ... [Read more](https://newsroom.kireygroup.com/en/news/autonomous-soc-reality-limitations-and-prospects-for-ai-driven-security?hsLang=en) 11 MIN READ 14 July 2020 #### [Cybersecurity awareness must change form: human de...](https://newsroom.kireygroup.com/en/news/cybersecurity-awareness-must-change-form-human-decision-quality-at-the-center?hsLang=en) By Roberto Marzocca, Head of Cybersecurity di Kirey For a long time, the cybersecurity sector has ar... [Read more](https://newsroom.kireygroup.com/en/news/cybersecurity-awareness-must-change-form-human-decision-quality-at-the-center?hsLang=en) 6 MIN READ 14 July 2020 #### [SASE, the model that connects and protects modern ...](https://newsroom.kireygroup.com/en/news/sase-the-model-that-connects-and-protects-modern-it-infrastructures?hsLang=en) Modern companies must ensure high-performing, always-on connectivity for people and digital assets, ... 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