Why Strategic Sourcing Has Become Crucial for the Fintech Industry
The pandemic of COVID-19 led to a significant reshaping of how businesses operated. With lockdowns implemented globally, it became increasingly challenging to manage businesses traditionally; a more robust approach had to be adopted. Failure to adapt to this led to numerous companies coming to an end. Hence it became imperative for companies to cut costs and change their procurement practices for the sake of business continuity. While most companies faced challenges adapting to the harsh external global conditions, many thrived by implementing different strategies in their processes. When it comes to Fintech Industry, from 33% in 2017, 64% of customers globally now use one or more fintech platforms. Moreover, by 2025, the value of the worldwide FinTech industry is predicted to be over $305 billion. Let’s look at how strategic sourcing, specifically, has impacted the Fintech Industry. Strategic Sourcing and Its Impact on Fintech Industry Strategic sourcing ...