What are some ways in which traditional banking and finances has harmed the global economy? Do you believe that emerging Fintech solutions can solve these problems?

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What are some ways in which traditional banking and finances has harmed the global economy? Do you believe that emerging Fintech solutions can solve these problems?

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  1. Fintech can save a lot of time and effort of people and reduce banks and employment in finance sector such that the government can drag theses and develop the nation.

  2. With corruption and scandals damaging banks and national finances of prominent countries they also harm the global economy. However, with Fintech solutions especially with the decentralised aspect can obviously solve this issue.