These days, it would be difficult to find even one industry untouched by the digital age. In the payments industry, for example, we see new developments and technologies being launched every day, from mobile wallets and instant payments to push-based authentication and open banking.
One highly regulated industry that could benefit much more than it has so far by partnering with tech companies is healthcare. The healthcare systems of many countries have been under a lot of pressure lately – even those in wealthy countries like Germany, where I live. They must find ways to finance the rising demand for care at affordable rates, while enhancing the overall quality of the system and raising patient satisfaction. Add to the mix regulations at state level, political gamesmanship, and country-specific demographic pressures, and you have a struggling industry, if not in disarray, beset with doom and gloom predictions of decline.