Digital transformation has an impact that was not expected in its magnitude. All those involved in economic activity, even the smaller local companies, must integrate the development of technological applications into their processes, budgets, daily life, as they must check new models, good practices, etc.

The digital transformation of banks has been a demand for several years. The European Central Bank, through ECB Banking Supervision, carried out an extensive survey of 105 institutions and spoke with their managements and advisors and concluded that while steps have been taken mainly towards a customer-centric approach (1/3 of customers basically use a mobile phone, while half of loans completed digitally), we are still a long way off and the rate of adoption of new digital models is extremely slow

Scaling-up a start-up is the vision of every founder and usually he /she does whatever it takes to secure the exponential growth. Same with large corporations or banks or even governments, which introduce digital transformation projects and need to scale them up so they become the new business norm.

Every company will be a fintech company”. This phrase was spoken 4 years ago, from Angela Strange, general partner at Andreesen Horowitz, a legendary Valley VC firm.

Fintech was used the last few years to easy and fast VC money. In Europe alone, boosted by pandemic, 2021-22, more than $50bil were invested, with the largest chunk being in deals over $100mio.