Fintechs Must “Trim the Fat Decisively” During an Economic Downturn to Show Resilience
By Francis Bignell, Journalist, The Fintech Times
Amid rising inflation and interest rates, and the growing number of cyber threats, businesses are constantly evolving in order to be resilient. This month, The Fintech Times is highlighting how businesses are showing this resilience against a myriad of factors – some within, and some beyond, their control….
“Of course, keeping costs under control is very important. While offshoring was once held up to be an ‘ideal’ model, increasingly we’re encouraging companies to look at ‘rightshoring’—making sure that they have the right, high-touch areas close to home and staffed appropriately. All the while being able to move other tasks, processes and development to locations that have lower costs and the best experts on the ground," shares Thomas Dolan (Co-Founder, 28Stone).