For decades, the travel industry has relied upon large scale institutional clearing houses in numerous geographies to pay each other and get paid. However, as globalisation has continued at pace, coupled with the ever-accelerating rise of digitalisation, these legacy solutions of the past are no longer keeping pace with the increasingly cross border, digital and global commerce needs of the industry. Step forward FinTech to help the industry merchandise their wares, access new markets and bring buyers and suppliers closer than ever before. So, have we seen the full potential of FinTech in Travel yet or is there much, much more to come? Our panellists will share their views on the potential FinTech in travel offers and the challenges in making sure that this potential is realised rapidly, effectively and securely.
