Unique circumstances created by the Covid-19 pandemic forced more Americans to get comfortable with financial technology, while leaving the industry wondering whether regulators will devise a reliable legal framework to support it.
Plaid Inc, which offers products to power fintech apps, commissioned a survey by The Harris Poll that released findings on Sept 15 showing that a large majority of Americans relied more than ever on digital applications to manage their money after the coronavirus outbreak – and they’re not going back.