With the coronavirus causing havoc in financial markets and likely leading to a sharp economic slowdown fintech startups will be facing their first major test; most fintechs were started after the financial crisis and so have not weathered difficult economic conditions; with interest rates falling quickly this will challenge many of the digital banks that like to differentiate themselves with high rates; Chime’s rates today are around 1.5%, according to its website; MoneyLion says they are ready with Dee Choubey commenting: “MoneyLion is prepared, even though it’s never had to weather a market downturn, because the company was founded on the lessons of the 2008 financial crisis” Bloomberg