COVID-19 has left the financial system of most countries in turmoil and transition at the same time. The resulting financial crisis and its aftermath have wreaked havoc on the worldwide political economy, resulting in a prolonged era of low growth and volatility. Alongside, the financial system is transitioning in part as a result of the upheaval, which has increased the role of developing nations in global banking through policy and regulatory forces. The pandemic was a wake-up call for most countries and industries with respect to the importance of sustainability.

But how can Finance be connected to Sustainability? How can technological advancement in the industry contribute to green and social values? The combination was discussed by United Nations in a report called - Fintech and Sustainability Development: Assessing the Implications. The report compares sustainable development, and new (financial) technology with two 'strains' of DNA. They are both capable of ‘developing new, sustainable business models’ and have the same ‘fundamental potential as change and effect drivers.’ It is aimed at encouraging financial institutions and fintech start-ups to collaborate with a new sense of purpose by including long-term development goals into their new value propositions.