Investors need to get a lot smarter about fintech

Making waves: A woman checks her mobile phone outside a shopping mall in Bangkok. Technological revolutions can trigger deep change around how business and even societies are structured in ways that are hard to predict. — AFP

THE good news is that advances in financial technology, or fintech, are going to improve customers lives. The bad news is a lot of investors are going to lose money while it happens.

With a record US$98bil (RM409bil) invested in the first half of 2021 alone, taking the total to in excess of US$1 trillion (RM4.17 trillion) over the past decade, the amounts involved are stunning.