New York’s future as a global financial center
Looking back
The initial upheaval from COVID-19 had few adverse impacts on financial services. The ability to conduct business from remote locations, combined with the use of more advanced technology, allowed New York’s financial institutions to operate relatively efficiently. Looking forward
New York’s preeminent position as the center of global finance will persist but operate with fewer employees as technology applications take precedence. Fintech’s growth will supplant traditional business models as the lifeblood of the industry.