When discussing fintech, it’s common for experts to focus on how this technological revolution will impact the overall relevance of banks and other traditional financial institutions. Some argue that banks will no longer be relevant in a short time. Others suggest that banks can partner with fintech firms in order to survive shifts in the… Continue Reading
Fintech is a very broad term. It applies to technologies that change the way we spend money, save money, invest funds, and buy insurance. Investing in (and developing) real estate is yet another process undergoing major shifts thanks to fintech. Anyone interested in real estate investment should pay attention to these changes now. By understanding… Continue Reading
Anyone with an interest in the fintech revolution knows emerging companies and innovations have put traditional financial institutions at risk. As startups continue to offer users convenient alternatives to numerous financial services, banks and other established institutions will have to adapt to stay relevant. Collaborating with fintech companies is likely the most effective way to… Continue Reading
Anyone who is familiar with fintech would likely agree that the industry has grown at a fairly rapid pace. That said, there are some factors that can limit the progress of any technological revolution. As this blog has pointed out before, one of those key factors is regulations. Because governmental regulations naturally apply to fintech… Continue Reading
Lately, fintech products have been exploding in popularity. They offer convenient alternatives to existing financial services, so it makes sense that customers would embrace them. Millennials and other younger customers, in particular, may be the key contributors to the acceptance of fintech products. They’ve grown up in a world where digital technology has rapidly simplified… Continue Reading
It’s no secret that fintech startups have disrupted the financial services industry. As this blog has pointed out before, the convenience and efficiency these businesses offer their customers may threaten the continued relevance of traditional financial institutions. Banks will have to collaborate with fintech startups in order to adapt to the changing landscape of the… Continue Reading
Digital technology has theoretically made it much easier for financial institutions to offer personalized service to their customers. Banks can provide personalized service in many forms. For example, by monitoring a customer’s transactions, a bank can identify products or deals that may be suited to a particular customer’s lifestyle. This is one of the major… Continue Reading
Fintech products succeed because they offer convenient alternatives to existing financial services. That said, not every fintech product will satisfy customers. Sometimes entrepreneurs focus so much on creating an innovative service that they forget to prioritize basic elements of a strong digital experience. It’s important not to overlook such elements. Those who have launched successful… Continue Reading
Anyone who has studied the impact that emerging technologies have had on the retail market understands that e-commerce has significantly impacted the popularity of brick-and-mortar shops. Thus, it’s easy to understand why some people assume this trend will naturally continue. They believe that as technology continues to develop, shoppers will be less and less interested… Continue Reading
Managing money isn’t easy. Between regular monthly expenses and personal purchases, it can be difficult to set aside enough money each month to save for long-term goals, like buying a house or retiring. That doesn’t need to be the case. Fintech companies have already helped small businesses acquire the capital necessary to expand. Now, there’s… Continue Reading